Canadian Mining Journal

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White Gold expands footprint in the Yukon



With four discoveries in the Yukon last year, a property purchase this year, and financial and technical backing from partners Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Kinross Gold (TSX: K; NYSE: KGC), White Gold (TSXV: WGO) has momentum as it heads into 2019’s exploration season.

The company’s acquisition in January of the 163 sq. km QV project from Comstock Metals (TSXV: CSL) brings its holdings in the White Gold district to 4,390 sq. km – or, by its estimates, over 40% of the entire district.

The QV project comes replete with 230,000 contained oz. gold in 4.4 million inferred tonnes grading 1.65 grams gold per tonne – based on just 17 drill holes – and sits 44 km northwest of Goldcorp’s (TSX: G; NYSE: GG) Coffee project, which is being developed as an open pit and heap-leach gold mine, slated for production in 2021.

Continue reading at The Northern Miner.