White Gold Files Positive PEA for Yukon Open Pit Project

White Gold Corp., [WGO-TSXV, WHGOF-OTCQX, 29W-FRA], announced it has filed a preliminary economic assessment (PEA) for its flagship White Gold project in the Canadian Yukon Territory. The project proposes to tie into the planned Northern Access Route from Dawson City.

The PEA outlines a 9.4-year open pit operation with an average annual gold production of 188,000 ounces at a US$3,600 per ounce gold price. The life-of-mine all-in-sustaining cost is estimated to be US$1,480 per ounce.

The initial capital cost is pegged at over $1 billion, while sustaining capital (including contingency) is estimated at $357 million. Closure and reclamation are expected to cost $112 million.