U.S. GoldMining Starts Drilling at Alaska’s Whistler Project

The exploration campaign focuses on the Whistler Orbit, a 7.5 by 4.5 kilometer area where the company has identified more than 25 individual targets. By utilizing geological mapping and geochemical data, the technical team is searching for new porphyry centers near the primary deposit. A second drill rig is currently en route to support the effort, which is fully funded to complete at least 6,000 meters of core drilling across 8 to 10 high-ranked locations.

This push into active discovery follows a Preliminary Economic Assessment that highlighted a potential after-tax net present value of $2.0 billion for the project. Tim Smith, CEO of U.S. GoldMining, stated that the company is aggressively hunting for additional mineral systems to complement the existing Whistler deposit. On-site facilities are already processing core samples, with the first batches of assay results expected by the end of the third quarter.