U.S. GOLDMINING COMMENCES DRILLING PROGRAM AT WHISTLER GOLD-COPPER PROJECT, ALASKA
- Commencement of drilling program at Whistler marks an important milestone for U.S. GoldMining
- Program aims to expand and increase confidence in existing gold-copper deposits at Whistler
- Program will support an updated mineral resource estimate and proposed Preliminary Economic Assessment
- Renovation work on Whistler camp completed as scheduled in July 2023
- Phase 1 of the Program expected to be completed in Q4 2023
- None.
- Phase 1 of a multi-phase exploration program has now commenced, including core drilling of an initial 5,000 meters at Whistler.
- Objectives of the overall 10,000-meter drilling program are to expand and increase confidence in the existing gold-copper deposits at Whistler, as well as testing prospective exploration targets for potential discovery of additional gold-copper porphyry mineral deposits in close proximity to existing mineralization.
- The Program will advance the underlying geologic model to support an updated Whistler mineral resource estimate. On completion, this updated mineral resource estimate will underpin a proposed Preliminary Economic Assessment ("PEA") which is currently expected to commence in the second half of 2024.
- In addition to targeting exploration and mineral resource expansion, the Program is designed to deliver additional technical data which will support geotechnical and geometallurgical studies in support of the proposed PEA.
- Renovation work on the existing Whistler camp was completed as scheduled in July 2023 and a diamond core drill was subsequently mobilized to site in early August 2023.
- The Company is fully permitted to conduct the planned exploration activities at Whistler, following the receipt of an amended permit in July 2023, from the Alaska Department of Natural Resources, which will enable potential expansion of the Program if warranted in the future.
Tim Smith, Chief Executive Officer of
Phase 1 of the Program, comprising an initial 5,000 meters of the budgeted and fully funded 10,000-meter drilling program, is expected to be completed in the last calendar quarter of 2023. The drill core will be logged and sampled at our Whistler facility and samples will be sent to the Bureau Veritas North America Ltd. laboratory in
U.S. GoldMining Inc. is an exploration and development company focused on advancing the Whistler gold-copper project, located 105 miles (170 km) northwest of
Tim Smith, P.Geo., Chief Executive Officer of
This news release contains certain forward-looking statements within the meaning of
View original content:https://www.prnewswire.com/news-releases/us-goldmining-commences-drilling-program-at-whistler-gold-copper-project-alaska-301905231.html
SOURCE U.S. GoldMining Inc.