Location & Access
The Ulli’s Ridge target is located on the White Gold property along the Ryan’s Trend, a 6.5 km long by 1 km wide northwest-southeast striking trend of anomalous gold and arsenic in soils which extends from the Ulli’s Ridge target in the south to the Teacher showing in the north. Ulli's Ridge is located at the southern part of the Ryan’s Trend adjacent to the Ryan’s Surprise deposit to the north, approximately 2 km west of the Golden Saddle deposit.
Access to the White Gold property is provided by fixed wing airplane from Dawson City and Whitehorse to Thistle Creek airstrip and by boat from Dawson City to a barge landing on the Yukon River. The Company’s Thistle Camp is located at the southernmost part of the property and is the base of operations for all exploration. A gravel road that is used extensively by placer miners connects the Camp with the airstrip and barge landing, which are located approximately 7.5 km east and 4.5 km northwest respectively of the Camp. Access to the Golden Saddle and Arc deposits to the north is provided by a 21 km long exploration road located 600 m west of Camp. Access to the Ulli’s Ridge target is currently limited to helicopter.
Size
1,792 claims covering approximately 34,890 hectares
Work to Date
Soil sampling, GT Probe sampling, geological mapping and prospecting, airborne DIGHEM electromagnetics and magnetics, ground magnetics and VLF-EM, LiDAR, mechanical trenching, RAB drilling, diamond drilling
Target (Mineralization)
Orogenic gold deposits.
Qualified Person
Terry Brace, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this project summary.
Overview
The Ulli’s Ridge target is located immediately south of the Ryan’s Surprise deposit, with both situated on a 6.5 km long x 1.0 km wide northwest-southeast trend of anomalous gold and arsenic in soils (Ryan’s Trend), which extends from the Ulli’s Ridge target in the south to the Teacher showing in the north. The Ryan’s Surprise deposit was a focus of diamond drilling between 2020 and 2022, and in 2021 drilling was expanded southwards to the Ulli’s Ridge target. The goal of these drill programs was to identify new zones of gold mineralization with the potential to increase the Company’s significant gold resources.
The 2021 diamond drilling program at Ulli’s Ridge comprised 7 holes totalling 1,408.7 m with hole lengths ranging from 161.5 m to 265.0 m and was designed to test an approximately 550 m strike length where early season RAB drilling returned encouraging results including 4.67 g/t Au over 6.10 m from 6.10 m downhole in hole WHTULR21RAB006 and 1.35 g/t Au over 21.33 m from 67.06 m downhole in WHTULR21RAB005 (see Company news release dated November 01, 2021).
The 2021 Ulli’s Ridge diamond drilling program successfully encountered gold mineralization along a 550 m strike length at relatively shallow depths, to a maximum of 225 m below surface. Mineralization remains open along strike and at depth and recent drilling further demonstrates the exploration potential along the property-scale gold soil geochemical trend located west of the Golden Saddle deposit and east of the Yukon River.
The strongest drilling results were returned from the southeasternmost hole, WHTULR21D004, which was drilled to test beneath RAB hole WHTULR21RAB006 (4.67 g/t Au over 6.10 m). WHTULR21D004 intersected 6.94 g/t Au over 19.50 m from 64.50 m downhole, including high-grade subintervals of 39.10 g/t Au over 1.50 m and 45.40 g/t Au over 0.83 m. A narrow high-grade zone was also encountered higher in the hole, returning 10.30 g/t Au over 0.70 m from 35.20 m. Hole WHTULR21D007 was drilled approximately 225 m northwest of WHTULR21D004 and intersected multiple zones of mineralization grading from 1.5-2.9 g/t Au over widths of 0.5-4.65 m. Narrow (0.5-1.0 m) higher-grade subintervals within these zones grade from 5.7-9.0 g/t Au.
The remainder of the drilling included a cluster of five drill holes that tested an approximately 225 m strike length, including holes WHTULR21D001, 002, 003, 005 and 006. Of these holes, WHTULR21D005 delivered the strongest results with a zone of 1.36 g/t Au over 18.50 m from 139.50 m, which included a higher-grade subinterval of 5.19 g/t Au over 3.50 m. Highlights from other holes included 2.04 g/t Au over 5.13 m from 9.00 m in WHTULR21D001, 2.44 g/t Au over 4.10 m from 125.50 m in WHTULR21D002, 1.91 g/t Au over 4.49 m from 53.86 m in WHTULR21D003, and 4.26 g/t Au over 1.70 m from 219.60 m in WHTULR21D006.
In 2022, three diamond drill holes totalling 669 m were completed at Ulli’s Ridge. Hole WHTULR22D010, collared in mineralization and intersected a broad zone of gold mineralization grading 1.49 g/t Au over 16.00 m from 6.00 m downhole. This mineralization is open along strike and down-dip. WHTULR22D010 was drilled to test a gold-in-soil anomaly that had previously been tested by a single RAB hole which, based on the current understanding of the target, was drilled at the wrong orientation and consequently did not return any significant gold values. This style of gold mineralization in terms of grade and thickness is quite common at Ryan’s Surprise and its encouraging to be intersecting additional mineralization in this area. Holes WHTULR22D008 and WHTULR22D009 tested for extensions of the high-grade mineralization encountered in hole WHTULR21D004 which graded 6.94 g/t Au over 19.5 m. Hole WHTULR22D008 was collared approximately 25 m south of hole WHTULR21D004 and was designed to test the high-grade mineralization down-dip, while hole WHTULR22D009 was drilled to test along strike approximately 35 m to the east. Both holes intersected gold mineralization including 0.92 g/t Au over 3.10 m from 136.45 m downhole in WHTULR22D008, and 1.77 g/t Au over 1.87 m from 106.88 m in WHTULR22D009. The high-grade mineralization encountered in WHTULR21D004 was not encountered.
Note: All reported widths are those measured along the length of the drill hole. True widths are currently unknown.
Ullis Ridge Gallery
