Two Of The Largest Gold Producers In The World Own More Than 30% Of This Gold Explorer
Agnico Eagle (NYSE:AEM) and Kinross Gold (NYSE:KGC) own nearly 1/3 of the issued & outstanding shares of Yukon gold explorer White Gold (TSX-V:WGO)
The Yukon Territory of Canada has quietly produced several multi-million ounce gold discoveries in the last decade. Meanwhile, the federal government continues to steadily improve infrastructure across the territory spearheaded by the Yukon Resource Gateway Program.
For mining investors, the mineral endowment of the Yukon was never really the question, it was always about the lack of infrastructure that limited the economic potential of mineral deposits in the Territory. That is changing, and the powerful discovery trajectory in the Territory stands to accelerate the development of infrastructure across the Territory.
White Gold Corp. (TSX-V:WGO, OTC:WHGOF) is a Canadian gold exploration company operating exclusively in the prolific White Gold District located south of Dawson City in northwest Yukon, Canada. White Gold's district scale land package spans over 350,000 hectares, representing 40% of the District and includes defined gold deposits and exciting exploration targets. WGO's flagship White Gold project now comprises 1,203,000 ounces of gold in the Indicated Resource category (17.7 million tonnes averaging 2.12 g/t gold) and 1,116,600 ounces of gold in the Inferred Resource category (24.5 million tonnes averaging 1.42 g/t gold) using a US$2,000/oz gold price.
Disclosure: Author owns shares of White Gold Corp. and may choose to buy or sell at any time without notice. White Gold Corp. has paid for production, editing, and dissemination of this CEO interview.
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