Issue link: http://resourceworld.uberflip.com/i/1012424
A U G U S T / S E P T E M B E R 2 0 1 8 www.resourceworld.com 43 FAR NORTH becoming more gold-dominated in the east. The delineation of the Seven Wonders Trend in 2017 was a significant positive step in understanding the Yukon port- folio, with the potential to host several large mineralized systems relatively close to highway and other infrastructure. Highlights from the 2017 program include surface grab samples at PDM that returned grades of up to 9.8 g/t gold, 2.8% copper and 245 g/t silver. White Gold Corp. [WGO-TSXV; GFRGF-OTC] has rotary air blast (RAB) drilling underway on the JP Ross prop- erty and has begun operation of a second diamond drill on the White Gold property. The company now has five drills in opera- tion across its Yukon land package as part of its 20,000-metre 2018 drill program. David D'Onofrio, CEO, said, "With five drills in operation, our 2018 drill program is now in full swing. Two diamond drills will allow us to focus on aggressively growing the existing high-grade deposit at Golden Saddle, and three additional drills will be testing some of our most promising regional exploration targets." The White Gold program is focusing on the expansion of the Golden Saddle (GS) deposit down dip, infill and expansion of the Arc deposit, metallurgical testing on both the Golden Saddle and Arc, and drill testing of other known and concep- tual targets on the property including the McKinnon, Donahue, GS East and Ryan's Showing targets. The program is planned to include 8,000 to 10,000 metres of diamond drilling (Golden Saddle, GS East target and Arc); 6,000 to 8,000 metres of RC drilling (McKinnon, Donahue, Ryan's Showing, Arc and other targets as warranted) as well as 5.8 line-km of IP resistivity (Donahue and conceptual target areas); 300 GT Probe samples and 3,000 soil samples. NORTHWEST TERRITORIES The Northwest Territories is best known for its diamond mines. The Diavik Mine, for example, is Canada's largest with annual production, last year, of 7.5 million carats. However, the NWT has long been a key source of metals such as gold, lead, zinc, copper and iron. Nighthawk Gold Corp. [NHK-TSXV, MIMZF-OTC] recently released an updated inferred mineral resource estimate for its 100%-owned Colomac gold project. The claims and leases hosting the for- mer Colomac open pit gold mine (528,000 ounces of gold 1990-1997) are part of the much larger Indin Lake property, which covers 90,000 hectares and is thought to contain 20 gold deposits. Five of those deposits are located on the Colomac leases, which were previously estimated to host a NI 43-101 compliant inferred resource of 2.1 million ounces of gold, grading 1.64 g/t gold. However, the latest update estimates that the inferred resource has increased by 24.4% to 2.61 million ounces (50.3 million tonnes) averaging 1.62 g/t gold.