Whitehorse Gold Update on Skukum Gold Project in Yukon
Whitehorse Gold Corp announced initial 2020 diamond drilling program results from its wholly owned Skukum Gold Project located in the Whitehorse Mining
Whitehorse Gold Corp announced initial 2020 diamond drilling program results from its wholly owned Skukum Gold Project located in the Whitehorse Mining District, southern Yukon. The drill program on the Skukum Creek Deposit consisted of 4 drillholes designed to better define the deeper portion of the Rainbow Zone, validate historic drill hole intercepts and to test re-interpreted, potentially thicker, and higher-grade portions of the deposit.
Drill hole SC20-001 returned 8.07 m (true width) grading 6.5 g/t Au and 186.9 g/t Ag in the Rainbow Zone. Critically, while the precious metal grade is similar to historic drill holes the true width of the interval was more than 2.5 times greater than previously modeled. Results from the three other holes are pending.
The Project covers an area of 170 km2 and is located approximately 55 km south of Whitehorse with year-round road access. The Project hosts three deposits with Mineral Resource Estimates and Underground Development (Skukum Creek deposit, Goddell deposit, and the past-producing Mt. Skukum Gold Mine) along with multiple mineralized showings.
Kevin Weston, CEO of Whitehorse Gold stated, "This first hole from the 2020 exploration drilling confirmed the high-grade nature of the Rainbow Zone and more importantly that thicker zones of mineralization occur at depth. The presence of multiple generation gold-bearing veins is highly encouraging indicating the presence of a long-lived large precious metal system. We look forward to receiving and reporting the remainder of the drill results."