Overview
The White Gold District lies within the Tintina Gold Belt (a 200-km-wide, 1,200-km-long arc extending from northern British Columbia into southwest Alaska) and is underlain by rocks of the Yukon-Tanana geologic terrane. This metallogical province has past production of 29.9 million ounces and 39.3 million ounces of resources for total gold resources of 69.2 million ounces. The Tintina Gold Belt includes such large gold deposits as Pogo, Fort Knox, True North, Donlin Creek, and Shotgun and remains a prime area for gold exploration.
The significant gold intercepts reported from the Coffee Property, White Gold Property and also the QV Project of Comstock Metals further indicate the White Gold District area has the potential to host a significant gold resources. This is the same area where history lays claim to the fact that the "Mother Lode" of the original Klondike Gold Rush was never found. There are many historians, engineers and geologists who firmly believe that this is now the time where and that the true "mother-lode" waiting to be discovered. It has been quoted by several knowledgeable mining industry personalities that this latest discovery could very well be the best new gold discovery in Canada over the last several years.
The White Gold District of Yukon is one of the largest gold area plays in Western Canada. Since 2007, the White Gold District has seen gold discoveries of approximately 7 Million Oz and there have been major acquisitions and investments announced by GoldCorp, Agnico Eagle, Barrick Gold, Kinross and others.
Major Development Timeline
2009
Major gold discovery on Underworld Resources' White Gold property.
2009
Kaminak Gold acquired the Coffee Gold Project.
January 2010
Underworld delineated the Golden Saddle deposit, with an indicated resource of 1,004,750 ounces of gold grading 3.2 g/t plus an inferred resource of 407,413 ounces of gold grading 2.5 g/t.
March 2010
Kinross Gold purchased Underworld for $139 million.
September 2015
Kaminak Gold announced a NI 43-101 compliant probable reserve of 46.4 Mt at 1.45g/t Au, containing 2,157,000oz Au. In addition, a NI 43-101 Indicated resource comprised 63.7Mt at 1.45g/t Au for 2,968,000oz Au, including 2,170,000 ounces gold classified as oxide, and an Inferred resource total of 52.4Mt at 1.31g/t Au for 2,212,000oz Au, including 857,000 ounces gold classified as oxide.
June 2016
Goldcorp acquired Kaminak Gold Corp. and its Coffee project for about $520 million.
September 2016
Klondike prospector Shawn Ryan established G4G Capital Corp. (later renamed White Gold Corp.) that represent all of Mr. Ryan's precious metal interests located in the White Gold District.
December 2016
Agnico Eagle purchased 19.93% of the shares of White Gold Corp. for $14.5 million.
March 2017
Newmont Mining Corporation signed an earn-in agreement with Goldstrike Resources to develop the Plateau property of up to a total of C$53 million.
April 2017
ATAC Resources reached an earn-in agreement with Barrick Gold at the Rackla Gold Property (the "Orion Project"). The transactions consist of a potential total investment by Barrick of approximately $63.3 million, which includes a private placement of $8.3 million and a two staged, $55 million exploration earn-in option to acquire up to 70% of the Orion Project.
May 2017
Kinross has entered into an agreement to acquire an approximately 19.9% interest in White Gold Corp. by selling its 100% interest in the White Gold exploration project.
September 2017
Federal and territorial governments commit more than $360-million funding to improve road access in two mineral-rich areas in Yukon, including the Dawson Range, which hosts the White Gold district.
October 2018
White Gold Corp. Drills 23.44 g/t Gold and 145 g/t Silver Over 24.38m from Surface Ending in Mineralization at Vertigo Discovery, including 59.3 g/t Gold and 388 g/t Silver over 3.05m and Also Encounters Additional High-Grade Grab Samples up to 257.3 g/t Gold and 293 g/t Silver at Vertigo over a 1.1km Strike Length.
Reference:
All above mentioned companies web site and annual reports
Government of Yukon Territory
Disclaimer:
The information herein may contains forward looking statements based on assumptions and judgments of the management of the above the mentioned companies regarding events or results that may prove to be inaccurate as a result of exploration or other risk factors beyond its control. Actual results may differ materially from the expected results. All statements herein, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the above mentioned companies expects are forward-looking statements. Such forward-looking statements are not guarantees of future performance, and are based on numerous assumptions about future conditions that could change. The material contained herein is for information purposes only and is not and is under no circumstances intended to constitute an offer to sell or a solicitation to buy any securities or a recommendation as to the purchase of any securities.
The information contained herein has been obtained from the above featured company as well as the other publicly available sources and is believed to be accurate. Although reasonable efforts have been made to compile this data with care, neither Investcom, its employees, officers or directors guarantees the accuracy or completeness thereof, nor shall any of them be liable to the user or to any other person, firm or corporation whatsoever for any inaccuracies, errors or omissions contained herein nor for any damages arising therefrom or occasioned thereby. Investcom is not an investment advisor, readers are highly recommended to consult his Financial Advisors before making any investments related to any specific companies mentioned in Investcom's web site. The use of this presentation is limited to the recipient. Review of this profile by any other party is expressly not authorized. The user is expressly not authorized to duplicate this report or make all or a portion of this report available to third parties in any manner or form without the prior written consent of Investcom. Investcom may have been paid a fee by the above mentioned companies and the above mentioned companies may have contributed to printing and other related expenses. In addition, Investcom, its directors, officers or employees may have a long or short position in the securities of the above mentioned companies.
All rights reserved. No part of this database may be reproduced, distributed, or utilized in any form or by any means, electronic or mechanical, without written permission from the owner.
Gold
