On November 26, 2019 White Gold announced a major discovery at its Hen Property in the White Gold District of Yukon. The target group is referred to as Titan. The discovery was the result of the first ever drilling at the target.
Famed gold prospector and Chief Technical Advisor to White Gold (V.WGO), Shawn Ryan, will be doing a Webcast on this discovery and White Gold’s future plans on Thursday December 5 from 1:05 PM – 2:05 PM PST. You can register to hear Shawn here.
Meanwhile, we wanted to get some background on the Titan discovery and its significance and sent a few questions to White Gold.
What is the Titan, and why is it so notable?
The Titan is a new near-surface, high-grade gold discovery just announced, located on our significant land package comprised of over 40% of the prolific White Gold District of Yukon, Canada. Specifically, the Titan is located on the road accessible, yet historically underexplored Hen Property, located roughly 15km from the White Gold Vertigo discovery, and 25km from our Golden Saddle & Arc deposits.
Our drilling this season was the first ever completed on the property and produced outstanding results. Intervals include 72.81 g/t Au over 6.09m from 10.67m depth, including 136.36 g/t Au over 3.05m at 12.19m depth, within a 32m zone of mineralization. The drilling completed was very preliminary, with only 3 holes drilled to gain initial visibility on what mineralization or structure, if any, we could have on the property. The drilling resulted in significant initial success beyond our expectations and the target remains open in all directions and underexplored.
Are there any other targets on the Hen property? How similar are they to the Titan target?
As with most of our targets, the Titan is not a discovery in a vacuum. The target is hosted on a circular 650m x 650m magnetic anomaly, with multiple untested targets located in close vicinity of the recent discovery. These other targets were highlighted on the hosting anomaly due to their strong magnetic highs; similar to the area just recently drilled.
Additionally, the gold recovered at Titan has a strong association with magnetite, which demonstrates strong magnetic signatures, illustrating a possible further connection with these magnetic high targets on the anomaly. These other targets are still untested, but we have started planning our future activity for them. It is exciting to think the footprint of Titan could actually be much larger than what has been currently tested.
Titan is the latest exciting high-grade gold discovery of WGO, alongside multiple others. How do you narrow down which projects to concentrate on for each season?
One of the key differentiators of WGO is that compared to most junior explorers we do not have only a single property or a single project. Instead, WGO has assembled the largest land package in the prolific White Gold District of the Yukon and is now in the process of performing our proprietary methodical exploration strategy, which has already resulted in multiple gold discoveries. This ensures that we always have a mix of early and mature stage exploration projects, such as the Titan, our newest discovery, the Vertigo from last year as well as the Golden Saddle & Arc, which are established 43-101 deposits currently representing over 1.5 million oz on our White Gold property and 230,000 oz on our QV property acquired last year We believe both of these properties have substantial room to grow, in addition to the potential for nearby new discoveries.
Every year when our field season wraps up, our technical team to dives in deep with the assistance of our partners Agnico and Kinross to process the significant amount of drilling, soil, probe and other exploration data we have generated on each of our projects. We then determine how to best continue to explore. This year we had one of the larger exploration programs of any junior in Canada spending over $13M.
Consistent with our exploration strategy from the company’s inception, we never play favourites with our projects, we only continue additional work when data has shown us positive results worthy of follow up. The Titan is a great example of that process, as our soil sampling campaign produced some fantastic results indicating the need for follow up, soils including a 113 g/t gold sample, the highest ever in our database. This was followed up by hand pit trenching, with visible gold disseminated throughout the hand pit, and prospecting, with results including 605 g/t Au, 497 g/t Au and 113 g/t Au grab samples. We now have multiple discoveries and prospective target which warrant additional follow up.