Hedge funds slash bullish wagers on gold over Trump election win
Hedge funds and other large speculators boosted net-long positions by 11% to 197,362 as of Nov. 12, the lowest in 14 weeks.
White Gold has released the first ever drill results from the Hen property where rotary air blast drilling on the Titan target intercepted 32 metres of 14.82 g/t gold including a higher grade section of 3.05 metres of 136.36 g/t gold; the hole encountered mineralization starting at 10.67 metres down.
Titan is a 650 metre by 650 metre gold in soil anomaly at Hen with additional targets identified within 400 metres of the current discovery.
Mineralization at Titan is interpreted to occur along high grade shoots with one shoot drill tested.
The currently identified mineralization remains open. The company plans to complete additional work on Titan in 2020.
The road accessible Hen property is contiguous to the company’s JP Ross property, host to the Vertigo discovery and 25 km from the Golden Saddle and Arc deposits at the White Gold property.
White Gold holds a total of 35 properties in the Yukon’s White Gold district, for a total area of 439,000 hectares. The company’s advanced stage projects are at the White Gold and Comstock QV properties.
(This article first appeared in the Canadian Mining Journal)
