White Gold Corp., a Canadian-based precious metals explorer, recently revealed that it had intercepted 5.04 g/t Au over 20.85m in the Western Extension of higher grade Near Surface Gold Zone at its flagship Vertigo-Junction Project. This news has been met with a heightened sense of interest among investors and the sector as a whole.
The Vertigo-Junction project, located in the Yukon region of northwestern Canada, is a unique asset that features an area of structurally diverse mineralization including gold mineralization, intrusive related Au-Ag mineralization, porphyry copper/gold mineralization and commercial milling grade Au-Ag mineralization. The project also includes over 250,000 hectares of prospective terrain and is an advanced exploration asset, which has demonstrated a potential synergy between the precious metals and base-metals mineralization.
The intercept in the Western Extension of Near Surface Gold Zone highlights the potential for further discoveries of higher grade gold mineralization on the project. White Gold noted that the gold mineralization in the western extension is mainly associated with non-magnetite glacially reworked material that is locally hydrothermally remobilized. This remobilization is known to occur in the ore bearing splays, fractures and shears that cross cut the structures.
In addition to the intercept, White Gold has noted that additional gold occurrences, in the Sulphide Domain at the Betty Ford target, were identified north of the near surface gold zone. These occurrences are associated with a sheared zone filled with a massive sulphide containing pyrite, chalcopyrite and hematite.
White Gold Corp has identified over 30 gold occurrences on its Vertigo-Junction project and has highlighted the potential of discovering new high-grade gold deposits in the process. White Gold stated that further follow-up work is required in order to confirm whether the Betty Ford target has the necessary criteria for a possible economic deposit.
These latest discoveries at the Vertigo-Junction project provide further indications of White Gold’s ability to efficiently identify, critique, and acquire high-quality projects that demonstrate exploration potential. The Company’s record of success indicates that they have made a strong commitment to unlocking value and creating shareholder value through exploration and development.
Overall, White Gold Corp has shown that significant mineralization has been encountered in the western extension of the near surface gold zone at the Vertigo-Junction project and has identified additional gold occurrences in the sulphide domain at the Betty Ford target. These explorations have the potential to unlock further value for White Gold and could possibly lead to a higher grade gold deposit in the near future.