I called for a pop in the price of White Gold Corp. (WGO:TSX.V; WHGOF:OTCMKTS) when I wrote about them two weeks ago. We got it. The shares were $0.77 when I wrote and went as high at $0.99 in short order.
I compared WGO to Great Bear and in my view stated that I thought White Gold was better. In a release on Tuesday Nov 26th they seemed to have proved it. The hole showed 72.81 g/t gold over 6.09 meters including 136.36 g/t Au over 3.05 meters. That hole mineralization began near surface, only 10.67 meters down hole.
The Titan property has barely been scratched. You do not get results like that in a vacuum. I see WGO following up with more similar holes. Previous grab samples from Titan tested as high as 605 g/t Au, 497 g/t Au and 113 g/t Au.
There is a mag anomaly measuring 650 meters by 650 meters at Titan including half a dozen similar targets to the one just drilled.
I think White Gold just hit the big time. Look for higher prices when they tie similar holes together.
White Gold is an advertiser and I bought shares in the open market. Do your own due diligence.
White Gold Corp
WGO-V $1.00 (Nov 26, 2019)
WHGOF-OTCBB 113.4 million shares
White Gold website.
Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.[NLINSERT]
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