White Gold (TSXV:WGO) has raised its resource estimate by 41 percent at its flagship White Gold project, located in Yukon’s White Gold district, which company CEO David D’Onofrio says is one of the next major gold fields in Canada.
“We are truly delighted to have announced the achievement of a significant milestone for our company,” said D’Onofrio. “We updated the mineral resource estimate for our flagship white gold project…to include 1.15 million ounces indicated at approximately 2.23 grams (per metric ton) and 950,000 ounces in the inferred category.
“In total, this is about 2.1 million ounces of very excellent grade,” he continued. “It’s primarily an open pittable. It’s an excellent jurisdiction, and in an area that is emerging to be what I think is one of Canada’s next major gold camps.”
Having a bigger resource in the White Gold project is fundamentally a big threshold for the company, according to D’Onofrio.
“I think it is now among one of the largest gold deposits that can be open pitted at such high grades in Canada,” he said. “It really helps validate our thesis early on that there is a tremendous amount of gold in this area. We are literally just scratching the surface. And in a very short time, we have been able to delineate this important gold deposit.”
Watch the full interview with David D’Onofrio, CEO of White Gold, above.
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