White Caps


  • Located 15 km’s from Kinross’ Round Mountain (3 M oz reserve) having produced 15 M oz gold to date

  • 28 Patented claims and 74 unpatented claims

  • The McCoy deposit is proximal to the intrusion (skarn-style) while Cove is distal (Carlin-style) – White Caps has similar potential to host both styles

  • High-grade White Caps Mine produced more than 125,000 oz’s at circa 30 g/t gold

  • Grades were noted to be increasing with depth – x-cut on the lowest level assayed 10m at 94 g/t (this would be close to true thickness)

  • Regional exploration potential

Looking Over the Golconda Project Area

Location of Gold 50’s White Caps Project

Exploration Overview

  • A first principles approach of initial tenement-wide exploration is being planned and is likely to include:

    • Geological mapping, rock chip / soil sampling,

    • Geophysics, including magnetics and IP surveys

    • Drilling of the Exploration Targets during 2023 which is likely to include:

      • Drilling to test the extents of the low-grade targets along and across strike;

      • Initial drilling to test the high-grade targets; and

  • Infill drilling subject to maiden drilling program