White Gold (WGO) announced the company has started a diamond drilling program at its Betty Project in Yukon.
This will be the maiden diamond drilling program on the property, after the completion of a structural geological interpretation.
The property is contiguous to and 15 kilometres northeast of Western Copper and Gold Corporation’s Casino deposit.
Drilling will test the target over an approximately 500m strike length, including the zone which returned 1.08 grams per tonne of gold over 50.29 metres in the 2018 RAB drilling.
The Betty property is located on the eastern extension of the Coffee Creek Fault, which hosts Newmont’s Coffee deposit containing gold resources of 2.17 Moz Indicated and 0.50 Moz Inferred.
“We are excited to commence the maiden diamond drill program on our Betty Property. This program has been designed to test several of the prospective gold anomalies on the property which are located in close proximity to existing large gold and copper deposits situated along the same fault structure. The diamond drill program has been designed based on the recently completed structural interpretation in addition to the soil geochemistry and other exploration results from previous seasons,” said White Gold CEO David D’Onofrio.
White Gold is unchanged, trading at $0.56 at 1:08 pm ET.