White Gold jumps on drill results
Yukon junior White Gold was up 21% to $1.63 a share after announcing drill results at its Vertigo target on the JP Ross property in Yukon, Canda.
Hole JPRVERRAB18-014 intersected 23.44 g/t Au over 24.38m from surface, including 59.3 g/t Au over 3.05m from surface, 39.4 g/t Au over 3.05m from 12.19m depth and 26.1 g/t Au over 4.572m from 19.81m depth, ending in mineralization.
Shawn Ryan, Chief Technical Advisor of the company, lauded the results.
“This appears to potentially be one of the most significant and interesting discoveries in the White Gold District to date," said Ryan.
"It is the kind of mineralization that could have produced the local placer gold deposits found in the area. The high-grade nature found at such shallow depths and the fact that there appears to be multiple mineralized zones creates the perfect recipe to build economic ounces.”
White Gold's partners are Agnico Eagle Mines Limited (NYSE:AEM) and Kinross Gold Corp (NYSE:KGC).