Significant Increase in Mineral Resource Estimate
North of 60 Mining News Article: https://www.miningnewsnorth.com/story/2024/11/22/northern-neighbors/white-gold-adds-ounces-to-flagship-project/8805.html
Last week we also announced the updated Mineral Resource Estimate for our flagship White Gold project, which can be found here. The updated resource now includes 2.12 g/t gold for 1,203,000 ounces in the Indicated category, and 1.42 g/t gold for 1,116,600 ounces in the Inferred category.
“We are very pleased to have further increased the size of our robust flagship deposit which is one of the highest-grade open pit gold resources in Canada of this size or greater owned by an exploration company. Furthermore, significant additional resource growth potential exists on the deposits themselves, as well as in the surrounding areas which has seen only limited exploration and has strong prospectivity for new discoveries." stated David D’Onofrio, Chief Executive Officer.
The resource remains open along strike and at depth for expansion. Furthermore, additional increases to the size of the resource may also be possible newly identified targets in close proximity and through an ongoing analysis of the resource block model and by capturing additional ounces hosted within the Target for Further Exploration area, which hosts an additional estimated 10 – 12 million tonnes grading between 1 – 2 g/t Au. |
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