White Gold Delivers Gold Again
White Gold has been on a tear this year. Going from a low of $.54 in early September, the shares hit a high of $2 a month later before starting a correction into December.
The run began after I wrote a piece in mid-September. Actually the company had released brilliant results a week earlier that the market totally ignored as it so often does. They followed up with more excellent numbers a few days after my piece and the shares took off.
White Gold has continued the good news with results of 22.5 g/t Au and 154.0 g/t Ag over 30.5 meters announced the first week of December. And followed up with what seems to be an expansion of the mineralized zone from 650 meters by 2.2 km with 9.2 g/t Au over 9.14 meters and ultra high grade surface samples up to 304 g/t gold and over 1 kilo of silver.
Backed by both Kinross Gold and Agnico Eagle the company already has a 43-101 resource of about 1.25 million ounces of high grade near surface oxide gold. Kaminak Gold was taken over by Goldcorp in 2016 at a price of $175 per ounce of gold resource. At that price, White Gold has an implied value of about $217 million so that is sort of a potential floor but all indications are that this is a major and high grade system so the sky appears to be the limit.
White Gold controls over 40% of the ground in the White Gold District and has an additional twenty-five or so projects.
White Gold is an advertiser and I do own shares purchased on the open market. Do your own due diligence.
White Gold Corp