Australian listed Sino Gold Limited has recently exercised an option to increase its equity in the White Mountain joint venture from 80% to 95%.

Sino Gold CEO Jake Klein says: "The White Mountain prospect continues to demonstrate excellent potential and Sino Gold's increased ownership reflects our confidence in the project being progressed towards becoming the company's next mine."

Drill results continue to indicate high potential to significantly increase the resource identified last year and previously unreleased drill intercepts include 60.7 metres at 3.9 grams per tonne gold, 30.3m at 6.8 grams per tonne and 12.1 metres at 8.7 grams per tonne gold.

"Recent assay results have extended known mineralisation down dip, towards surface and significantly along strike to the north-east."

Drill intercepts received during the quarter of 10.0 metres at 19.1 grams per tonne gold and 19.5 metres at 3.1 grams per tonne gold have extended known mineralisation by approximately 450 metres to the north-east.

A strong IP resistivity anomaly extends at least 400m further northeast, indicating continuation of the major fault zone controlling gold mineralisation.

"This success has led to the drilling program being accelerated with nine diamond drill rigs now on site", Jake Klein says.