ArcWest plans to conduct drill testing at the project in 2020 with partner funding.

Results include 30 metres of 1.11 g/t gold, 0.23% copper and 3.3 g/t silver.

The gold options market saw $1.75 million in block trades betting the precious metal could almost triple in more than a year.

Court papers noted that Nautilus had two distinct business units, one dealing with polymetallic nodules, and one dealing with seafloor massive sulphides.

Indicated resources grew by 58% to 472,000 oz at 4.53 g/t.

Intercepts of note include 3.3 metres of 491 g/t gold as well as 8.0 metres of 161 g/t gold.

White Gold holds a total of 35 properties in the Yukon’s White Gold district.

The new mine is expected to achieve the upper end of its 2019 production guidance of 30,000-40,000 oz.