David D’Onofrio, CEO of White Gold Corp (V.WGO), says the company offers the opportunities and has the successes of multiple mining juniors, all combined into one company. “It’s not about one project or one resource, but about continually advancing our pipeline of multiple exploration projects efficiently and effectively in an exciting new gold camp.” states D’Onofrio.
In the junior mining business, there are conferences going on all the time. However, September is particularly conference heavy. The Metals Investors Forum just wrapped up in Vancouver and now many companies are at Beaver Creek Summit in Colorado. Then it is on to the Denver Gold Show next week.
Today’s White Gold (V.WGO) press release reports the results of White Gold’s extensive soil sampling across various target zones on its property in the Yukon. You can read the details of the sampling program in the release but, for the moment, it is worth taking a close look at the two maps which accompanied the release.
Awful news from the Yukon. ATAC VP-Exploration, Julia Lane, died in plane crash yesterday.
Any exploration company CEO would be pleased to report a headline number of 204.6 grams per ton gold. For Goldplay (V.GPLY) CEO Marcio Fonseca, that is just the beginning. The drill result reported in the July 30 press release is part of a much larger story.
“Silver, in particular, has the potential to outperform gold significantly. For example, in the wake of the global financial crisis, the gold-to-silver ratio plummeted from 80:1 bottoming at 32:1, with the silver price topping out at ~$50/ounce. Recently the ratio hit a record 93:1, while the price is sitting at around $16/ounce. Yesterday, the ratio stood at 89:1 as shown in Figure 2.