White Gold

White Gold Corp (V.WGO | OTC. WHGOF) operates in the White Gold District of the Yukon which has seen gold discoveries of approximately 7 Million Oz since 2007. There have been major acquisitions and investments by GoldCorp, Kinross and others. White Gold Corp. owns a portfolio of 19,606 quartz claims across 30 properties, totaling 390,000 hectares (approximately 40% of the district).

For more information see White Gold’s website here.

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White Gold Corp. Discovers New High-Grade Parallel Structure 300m from Previous Drilling on Vertigo Target Intersecting 9.2 g/t Au over 9.14m, including 17.2 g/t Au over 4.6m and also Encounters Multiple High-Grade Surface Results up to 304 g/t Au and over 1,000 g/t Ag Expanding Footprint to 2.2km x 650m

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company) is pleased to announce the discovery of additional high-grade gold mineralization outside of the previously drilled area on the Vertigo target at its JP Ross property, Yukon, Canada, stepping out as much as 300m in multiple directions. Additional surface samples have also identified new zones of high-grade gold mineralization in the areas surrounding the Vertigo target, further expanding the footprint of the high-grade mineralized system to 2,200m x 650m, as well as on other targets along the structural trend which has now been identified to extend 18km on the JP Ross Property. These results significantly increase the size and scale of the Company’s recent discovery on its JP Ross property, discovered through its systematic and data driven regional exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC).

Maps and images to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

Highlights Include:

  • JPRVERRC18-016 returned 9.19 g/t Au over 9.14m from 54.86m depth, including 17.2 g/t Au over 4.58m from 54.86m depth, and 31 g/t Au over 1.52m from 56.39m depth, ending in mineralization. These results identified a new parallel structure approximately 300m north of previous drilling with no other drill holes in the surrounding area.

  • Additional surface samples returned results including 304.3 g/t Au, 156.2 g/t Au and 105.0 g/t Au with 7 samples grading over 50 g/t Au, 16 samples grading over 10 g/t Au and 29 samples grading over 2 g/t Au, amongst the highest ever encountered in the White Gold District.

  • A new 180m wide undrilled area has been identified on the Vertigo target approximately 300m west of JPRVERRC18-009 (14.23 g/t Au over 6.10m from surface) consisting of 24 samples that returned values ranging from trace to 58.4 g/t Au, averaging 10.1 g/t Au, and includes 7 samples grading over 10 g/t Au. This area continues an additional 400m further west from where samples of similar material returned results from trace up to 8.10 g/t Au for a total length of 580m.

  • Mineralization and alteration on Vertigo have now been expanded to a footprint of 2,200m x 650m, hosting at least 12 individual zones, and remains open in all directions with strongly anomalous gold mineralization defined over a strike length of 500m.

  • High grade surface samples have also been encountered on multiple other undrilled target areas along the structural trend returning results up to 105 g/t Au; follow up work on these targets including GT Probe sampling, geophysical surveys and drilling to be conducted.

  • Results to be released in due course for additional prospecting and soil sampling that has been conducted along the 18km structural trend that hosts the Vertigo discovery.

“These results expand the known gold mineralization on the Vertigo and significantly increases the footprint of the overall system. The structural zones that host high-grade mineralization on the Vertigo are showing strong continuity in both strike extent and mineral tenor, and highlight the potential for expansion of the known mineralization and additional new discoveries in the area,” stated Jodie Gibson, VP Exploration. “The prospecting results from Suspicion and Topaz are comparable to those originally found at Vertigo and we believe there is strong potential for these targets to host similar mineralization. The wide-spread distribution of high-grade material found in the area is among the most impressive in the Yukon and this is unfolding as a large-scale gold system which is just beginning to be uncovered. We look forward to receiving the remainder of the results from Vertigo and the surrounding targets and planning a comprehensive drill program to expand on this success.”

Drill Results
A total of 1,491m of RC drilling to a maximum hole depth of 100m has been completed over 21 holes with the goal of evaluating the geometry of the mineralized structures and stepping out along strike as well as on additional targets along trend.

Results for additional RC holes from the Vertigo target have been received and are discussed below. Individual assays for the reported holes range from trace to 31.0 g/t Au and trace to 46.5 g/t Ag. The most significant results were obtained from holes JPRVERRC18-14, JPRVERRC18-16, and JPRVERRC18-17.

Significant drill results from the Vertigo target included in this release are detailed in the table below.

Hole IDFrom(m)To(m)Interval(m)Au(g/t)
JPRVERRC18-0101.524.573.051.89
And13.7216.763.051.39
JPRVERRC18-01441.1542.671.5218.60
JPRVERRC18-016*54.8664.019.149.20
Including54.8659.444.5717.20
Including56.3957.911.5231.00
JPRVERRC18-0173.054.571.521.17
And21.3424.383.051.60
JPRVERRC18-020*0.006.106.100.84
And82.3083.821.520.81
*Hole ends in mineralization

Interpretation of the results is ongoing and there is not currently enough information to estimate true thickness of the mineralized zones.

JPRVERRC18-011/012 – Az: 000, Dip: -60o, Depth: 15.24m & 16.76m
JPRVERRC18-011/012 are located approximately 60m west of JPRVERRC18-010 and were targeting the projection of the same structural trend. Both holes failed at shallow depths due to poor ground conditions, however, strong alteration and anomalous mineralization were noted in both holes indicating continuation of the mineralized structure at depth.

JPRVERRC18-014 – Az: 000, Dip: -60o, Depth: 59.44m
JPRVERRC18-014 is located 140m to the NE of JPRVERRC18-013 and returned 1.52m of 18.6 g/t Au from 41.15m depth. Mineralization intersected in the hole is associated with a new, previously untested structure along the Vertigo Trend inferred from geologic mapping and geophysical surveys on the target.

JPRVERRC18-016 – Az: 000, Dip: -60o, Depth: 64.01m
JPRVERRC18-016 is located 314m NNW of JPRVERRC18-013 and was targeting anomalous GT Probe results (5.01 g/t Au) associated with an interpreted E-W trending structure. The hole returned 9.14m of 9.2 g/t Au from 54.86m depth; including 4.57m of 17.2 g/t Au from 54.86m depth; and ended in mineralization. The mineralization intersected in this hole is associated with a new, previously untested parallel structure along the Vertigo trend and expands the footprint of mineralization on the target by over 300m.

JPRVERRC18-017 – Az: 000, Dip: – 60o, Depth: 57.91m
JPRVERRC18-017 is located 226m to the WNW of JPRVERRC8-016 and was targeting a series of anomalous GT Probe samples in the area (0.83 – 3.25 g/t Au). The hole returned a 1.52m intercept of 1.17 g/t Au from 3.05m depth and a 3.05m intercept of 1.60 g/t Au from 21.34m depth, with numerous anomalous (>0.1 g/t Au) samples in between. It is currently unclear if the mineralization in this area is associated with the same structural trend intersected in hole RC16 or if it represents a new structural trend.

Prospecting Results
Prospecting samples were collected along the 18km corridor defining the broader Vertigo Trend. The most significant results were obtained from the Vertigo and the newly defined Topaz and Suspicion targets and are discussed below.

Grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property.

Vertigo Target
Results for additional prospecting samples have been received from the Vertigo target area with grades ranging from trace to 304.3 g/t Au and from trace to over 1,000 g/t Ag. The samples are interpreted as being “in-place” and representative of bedrock below due to the unglaciated nature of the area and has, locally, been confirmed through trenching and drilling activities on the target.

The most significant finding of the prospecting work on the Vertigo is a 180m, WNW, trend of samples located approximately 300m WNW of JPRVERRC18-011. The results from the area range from trace to 58.4 g/t Au and are associated with strong quartz veining, brecciation, sericite alteration, and elevated Ag – Pb – Bi (+/-As).  This trend continues an additional 400m further west where samples of similar material returned up to 8.10 g/t Au; extending the trace of the mineralized system over 700m to the WNW. Additionally, individual samples up to 3.28 g/t Au were obtained a further 1.5km WNW of the Vertigo indicating potential for additional zones of mineralization in that direction.

Significant results from the Vertigo target are detailed in the table below:

SampleAu (g/t)Ag (g/t)
151625119.5154
151625279.1332
15239262.41.1
15239932.22.2
155772612.517.6
1557727156.2>1,000
155772835.4245
1557729304.3718
155773074.936.4
159928918.410.2
15992903.70.9
15992933.517.8
159929510.536.9
159929750.118.7
159929927.462
15993009.633.7
159930121.788.9
15993963.45
166479158.486
166479238.399.1
16649252.612.9
168744524.938.5
16874472.44.1
16874508.175.3
17173552.82.1

Topaz Target
The Topaz target is located 1.1km south of the Vertigo and consists of a series of NE trending gold in soil anomalies (trace to 284ppb Au) associated with strongly elevated Pb-Bi. New prospecting samples from the area returned results from trace to 2.79 g/t Au and are associated with similar alteration and mineralization as the adjacent Vertigo target.  Assessment of the results is ongoing and follow up work on this target including GT Probe sampling, geophysical surveys and RC drilling will be conducted in 2019.

Suspicion Target
The Suspicion target is located 4km SE of the Vertigo and consists of a series of NE trending gold in soil anomalies (trace to 4,263ppb Au). New prospecting samples from the area returned results from trace to 105 g/t Au, following up on previously announced results of up to 41.8 g/t Au. The most significant results were collected along the southern end of the Suspicion target, along a 250m zone of strongly sericite altered felsic gneiss with quartz veining, brecciation, and pyrite-galena (+/-visible gold). The samples from this area ranged from trace to 105 g/t Au, with 7 samples grading greater than 1 g/t Au, and are associated with strongly elevated Ag-Pb-Bi.

Other Matters
David Schmidt has withdrawn his name for re-election as a director of the Company at the Company’s upcoming annual shareholders’ meeting and resigned as Chief Financial Officer and Secretary. Matthew Bajurny CPA, who previously held the position of controller of the Company has been appointed as Chief Financial Officer and Secretary.

Vertigo Target – JP Ross Property
The Vertigo Target is on the JP Ross property which is comprised of 2,850 quartz claims covering over 57,000 hectares with at least 14 known target areas and numerous placer gold bearing creeks.  Previously announced drill results on the Vertigo target range from trace to 22.47 g/t Au over 30.46m from surface (JPRVERRAB18-014/JPRVERRC18-013), 56.25 g/t Au over 3.05m within a broader intercept of 17.34 g/t Au over 10.67m from 3.05m depth (JPRVERRAB18-001), and 45.00 g/t Au over 3.05m from 1.52m depth, within a broader intercept of 9.65 g/t Au over 15.24m (JPRVERRAB18-011),. Additional exploration in the area also encountered multiple high-grade grab samples including 304.3 g/t, 156.2 g/t, 139.9 g/t, 135.6 g/t and 132.9g/t Au defining a strike length of approximately 2.2km on the Vertigo target along an 18km mineralized trend. The Vertigo Target is located approximately 25km north of the Company’s flagship White Gold property and is within 2km of an existing road accessible from Dawson City. Recently staked and acquired claims adjacent to the property are situated within a prolific placer mining camp where coarse placer gold is common.

To date, at least 12 mineralized structures are recognized on the Vertigo target over a 2,200m x 650m area, and consist of W-NW trending, steeply dipping zones of quartz veining, brecciation, and fracture-controlled mineralization with disseminated to vein-controlled pyrite-arsenopyrite-galena and, locally, visible gold mineralization. Drill testing to date has validated the mineralization over 500m of strike length which is open along strike and at depth.

About White Gold Corp.
The Company owns a portfolio of 21,218 quartz claims across 34 properties covering over 423,000 hectares representing over 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 282,490 ounces Inferred at 1.70 g/t gold as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. (TSX: G, NYSE:GG) with a M&I gold resource(1) of 3.35M oz and Western Copper and Gold Corporation’s Casino project which has P&P gold reserves(1) of 8.9M oz Au and 4.5B lb Cu. For more information visit www.whitegoldcorp.ca.

(1)  Noted mineralization is as disclosed by the owner of each property respectively and is not necessarily indicative of the mineralization hosted on the Company’s property.

QA/QC
The analytical work for the 2018 program has been performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory.  Sample preparation was carried out at its Whitehorse, Yukon facility. All GT Probe, RAB, RC, and diamond core samples were prepared using procedure PRP70-250 (crush, split and pulverize 250 g to 200 mesh) and analyzed by method FA430 (30g fire assay with AAS finish) and AQ200 (0.5g, aqua regia digestion and ICP-MS analysis). Samples containing >10g/t Au were reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encounter (FS600).

The work was completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the regular insertion of certified standards and blanks into the sample stream. The qualified person detected no significant QA/QC issues during review of the data.

Qualified Person
Jodie Gibson, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 (“NI 43-101”) and has reviewed and approved the content of this news release.

Cautionary Note Regarding Forward Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “proposed”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated benefits to the Company and its shareholders respecting the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the White Gold and other properties; future growth potential of the Company, including whether any further mineral resources will be established in accordance with NI 43-101 at any of the Company’s properties; exploration results; and future exploration plans.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold and other properties; failure to expand or identify any additional mineral resources; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the White Gold properties and the Company’s other properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mineral exploration and mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading “Risks and Uncertainties” in the Company’s most recently filed management’s discussion and analysis. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the TSX Venture Exchange (the “Exchange”) nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information:
David D’Onofrio
Chief Executive Officer
White Gold Corp.
(416) 643-3880
ir@whitegoldcorp.ca

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White Gold Corp. Extends Discovery Hole to 22.5 g/t Gold and 154.0 g/t Silver over 30.5m, Trenches 66.39 g/t Gold and 302 g/t Silver over 5m, including 109.9 g/t Gold and 486.4 g/t Silver over 3m Confirming Zone Continuity on Vertigo, JP Ross

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company) is pleased to announce additional Reverse Circulation (“RC”) drill results and trenching results from the Vertigo target on the JP Ross property, Yukon, Canada. These results included a significant extension of the discovery Reverse-Air-Blast (“RAB”) drill hole which extended the mineralization at depth and encountered a deeper zone of high-grade gold. The trenching performed further defined the mineralization at Vertigo and will allow the previously identified gold zones to be extrapolated to additional drill targets.

Maps to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

Highlights Include:

  • JPRVERRC18-013 returned 18.59 g/t Au and 188.8 g/t Ag over 6.10m from 24.38m depth, including 59.5 g/t Au and 439 g/t Ag over 1.52m from 27.43m depth. The hole also encountered an additional zone of mineralization at 44.2m depth, returning 6.82 g/t Au over 4.57m, including 18.5 g/t Au over 1.52m from 44.2m depth. Drilled as a continuation of previously announced RAB hole JPRVERRAB18-0014, the overall intercept is 22.47 g/t Au over 30.46m from surface with individual samples ranging from 2.00 to 60.4 g/t Au and trace to 388 g/t Ag.
  • 3 trenches completed, each encountering significant mineralization, including trench JPRVERTR18-002 which returned results of 66.39 g/t Au and 302 g/t Ag over 5m, including 109.93 g/t Au and 486.4 g/t Ag over 3m.   
  • Trenching has identified a continuous body of high-grade mineralization that has been traced over 55m strike length which extends to a minimum of 30m depth based on drill testing conducted. This structure is one of at least 12 mineralized structures identified on the Vertigo target to date within a 1,500m x 650m target area.
  • Additional drilling, prospecting and soil sampling has also been conducted along the 14km structural trend that hosts the Vertigo discovery with the goal of identifying similar high-grade gold mineralization. Results for this exploration work will be released in due course.

“Spectacularly high-grade gold values are consistently being obtained from the Vertigo Trend and these trench results confirm our model of strong structural control. We have successfully defined the trend and dip of the gold-bearing zones only a few months after initial discovery. These results provide further understanding of the Vertigo and show that the mineralization is more extensive than previously understood.” stated Rob Carpenter, Director of the Company. “The trenching has given us key insights into the direction and orientation of the high-grade mineralization which we have leveraged to complete prospecting work outside of the main target area and we look forward to presenting these results in due course. Our 2019 program will aim to extend the geometry of these shallow gold zones with our ultimate goal being to illustrate the continuity of grade and trend. The scale and footprint of the Vertigo zones and alteration haloes suggest the system may represent the most robust gold system discovered to date in the White Gold District.”

Extension of Discovery Drill Hole
Discovery hole JPRVERRAB18-014 intersected 23.44 g/t Au and 144.75 g/t Ag over 24.38m from surface, ending in mineralization and was extended with an RC drill to 79.25m. JPRVERRC18-013 (Az: 180, Dip: -60, Depth: 24.38 – 71.63) was drilled as the continuation of previously announced RAB hole JPRVERRAB18-014. The hole returned 6.10m of 18.59 g/t Au and 188.80 g/t Ag from 24.38m depth; including 59.5 g/t Au and 439.00 Ag over 1.52m from 27.43m depth. Combined with JPRVERRAB-014 the overall intercept is 22.47 g/t Au and 154.00 g/t Ag over 30.46m from surface with individual 1.52m samples ranging from 2.00 – 60.4 g/t Au.

Additionally, there is a second zone of mineralization within JPRVERRC18-013, returning 6.82 g/t Au and 6.80 g/t Ag over 4.57m from 44.20m depth; including 18.5 g/t Au and 12.90 g/t Ag over 1.52m from 44.20m depth. A summary table of holes RAB14/RC13 is presented below:

Hole IDFrom(m)To(m)Interval(m)Au(g/t)Ag(g/t)
Combined RAB14/RC130.0030.4630.4622.47154.00
JPRVERRAB18-014*0.0024.3824.3823.44 144.75
 Including0.003.053.0559.30 304.00
 And12.1915.243.0539.40 196.00
 And19.8124.384.5726.10 243.00
JPRVERRC18-01324.3830.466.1018.59188.80
Including27.4328.961.5259.50439.00
And44.2048.774.576.82 6.80
Including44.2045.721.5218.5012.90

Interpretation of the results is ongoing and there is not currently enough information to estimate true thickness of the mineralized zones.

Trenching Results
A program consisting of 3 trenches covering 63m was conducted on the Vertigo to follow up on near surface, high-grade gold mineralization intersected in previously reported RAB (JPRVERRAB18-014) and RC (JPRVERRC18-006) drill holes. All the trenches were excavated to bedrock using a low impact, heliportable, excavator. Bedrock depths ranged from approximately 1 – 1.5m depth, and continuous 1m channel samples were collected from bedrock at the bottom of the trenches. Individual assays for trench samples ranged from trace to 157.7 g/t Au and from trace to 718 g/t Ag. Highlights are summarized below:

Trench IDFrom (m)To (m)Interval (m)Au (g/t)
JPRVERTR18-0011.008.007.0016.94
Incl.2.007.005.0023.29
Incl.6.007.001.0058.70
JPRVERTR18-0024.009.005.0066.39
Incl.5.008.003.00109.93
And20.0021.001.0050.50
JPRVERTR18-00315.0023.008.0020.79
Incl.18.0023.005.0032.28
And27.0029.002.007.05

Mineralization within the trenches consists of a series of lode style quartz veins, up to 1m thick, with disseminated to massive arsenopyrite-galena-pyrite and, locally, visible gold. These occur within a broader zone of brecciation and strong sericite alteration over 5-7m thickness and form a continuous body of high-grade mineralization that has been traced over 55m strike length and to minimum of 30m depth in RAB/RC drilling conducted in the area. Additional, subparallel zones of fracture -controlled mineralization, quartz veining, and/or brecciation extend up to 30m beyond the “high-grade core.” Overall, the mineralization is interpreted to occur along a NW striking, steeply south dipping structural zone that is open along both strike and dip. This structure is one of at least 12 mineralized structures identified on the Vertigo to date within a 1,500m x 650m WNW trending area and additional trenching and follow up diamond drilling will be conducted across all known target structures in 2019.

JPRVERTR18-001:
JPRVERTR18-001 is located 5m west of JPRVERRAB18-014 and its continuation RC18-013, and is oriented to the south. The trench was 12m in length and returned 16.94 g/t Au and 67.9 g/t Ag over 7m from 1m down the trench; including 23.29 g/t Au and 113.7 g/t Ag from 2m down the trench.

JPRVERTR18-002:
JPRVERTR18-002 is located 6m east of Trench 1 and oriented to the south. The trench was 22m in length and returned 66.39 g/t Au and 302 g/t Ag over 5m from 4m down the trench; including a 3m core of 109.93 g/t Au and 486.4 g/t Ag from 5m down the trench. An additional zone of mineralization was also intersected 11m south of the upper intercept and returned 50.5 g/t Au and 80.6 g/t Ag over 1m from 20m down the trench.

JPRVERTR18-003:
JPRVERTR18-003 is located approximately 40m to the southeast of JPRVERTR18-003 and oriented to the south. The trench was 29m in length and returned 20.79 g/t Au and 107.1 g/t Ag over 8m from 15m down the trench; including 32.28 g/t Au and 157 g/t Ag over 5m from 18m down the trench. An additional zone of mineralization was also intersected 9m south of the upper intercept returning 7.05 g/t Au and 48.9 g/t Ag over 2m from 27m down the trench.

Vertigo Target – JP Ross Property
The Vertigo Target is on the JP Ross property which is comprised of 2,850 quartz claims covering over 57,000 hectares with at least 14 known target areas and numerous placer gold bearing creeks.  Previously announced drill results on the Vertigo target range from trace to 56.25 g/t Au over 3.05m within a broader intercept of 17.34 g/t Au over 10.67m from 3.05m depth (JPRVERRAB18-001); 45.00 g/t Au over 3.05m from 1.52m depth, within a broader intercept of 9.65 g/t Au over 15.24m (JPRVERRAB18-011); and 23.44 g/t Au over 24.37m (JPRVERRAB18-014). Additional exploration in the area also encountered multiple high-grade grab samples including 139.9 g/t, 135.6 g/t and 132.9g/t Au defining a strike length of approximately 1.5km on the Vertigo target along a 12km mineralized trend. The Vertigo Target is located approximately 25km north of the Company’s flagship White Gold property and is within 2km of an existing road accessible from Dawson City. Recently staked and acquired claims adjacent to the property are situated within a prolific placer mining camp where coarse placer gold is common.

To date, at least 12 mineralized structures are recognized on the Vertigo target over a 1,500m x 650m area, and consist of W-NW trending, steeply dipping zones of quartz veining, brecciation, and fracture-controlled mineralization with disseminated to vein-controlled pyrite-arsenopyrite-galena and, locally, visible gold mineralization. Drill testing to date has validated the mineralization over 500m of strike length which is open along strike and at depth.

About White Gold Corp.
The Company owns a portfolio of 21,218 quartz claims across 34 properties covering over 423,000 hectares representing over 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 282,490 ounces Inferred at 1.70 g/t gold as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. with a M&I gold resource(1) of 4.1M oz and Western Copper and Gold Corporation’s Casino project which has P&P gold reserves(1) of 8.9M oz Au and 4.5B lb Cu. For more information visit www.whitegoldcorp.ca.

(1)           Noted mineralization is as disclosed by the owner of each property respectively and is not necessarily indicative of the mineralization hosted on the Company’s property.

QA/QC
The analytical work for the 2018 program has been performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory.  Sample preparation was carried out at its Whitehorse, Yukon facility. All GT Probe, RAB, RC, and diamond core samples were prepared using procedure PRP70-250 (crush, split and pulverize 250 g to 200 mesh) and analyzed by method FA430 (30g fire assay with AAS finish) and AQ200 (0.5g, aqua regia digestion and ICP-MS analysis). Samples containing >10g/t Au were reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encounter (FS600).

The work was completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the regular insertion of certified standards and blanks into the sample stream. The qualified person detected no significant QA/QC issues during review of the data.

Qualified Person
Jodie Gibson, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 (“NI 43-101”) and has reviewed and approved the content of this news release.

Cautionary Note Regarding Forward Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “proposed”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated benefits to the Company and its shareholders respecting the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the White Gold and other properties; future growth potential of the Company, including whether any further mineral resources will be established in accordance with NI 43-101 at any of the Company’s properties; exploration results; and future exploration plans.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold and other properties; failure to expand or identify any additional mineral resources; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the White Gold properties and the Company’s other properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mineral exploration and mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading “Risks and Uncertainties” in the Company’s most recently filed management’s discussion and analysis. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the TSX Venture Exchange (the “Exchange”) nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information:
David D’Onofrio
Chief Executive Officer
White Gold Corp.
(416) 643-3880
ir@whitegoldcorp.ca

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White Gold Q&A: Vertigo target on the JP Ross property Yukon

On November 15, White Gold Corp. (V.WGO) put out a press release further detailing the major new discovery at its “Vertigo” target. MotherlodeTV recently interviewed White Gold Corp. CEO, David D’Onofrio, about this discovery in the White Gold District, Yukon.

 What were the recent drilling results from the Vertigo target?

As we continue to receive assay results, Vertigo continues to demonstrate itself to be a very exciting new high-grade gold discovery! The latest assays returned results such as 3.21 g/t Au over 82.3m, including 31.4 g/t Au over 6.1m, including 103.9 g/t Au and 400.0 g/t Ag over 1.52m from surface, and three deeper mineralized zones including 4.92 g/t Au over 6.1m from 36.58m.

These are just the latest results of Vertigo, which has proven to be one of the highest-grade gold discoveries ever in the White Gold District. To date at least 12 mineralized structures have been recognized at Vertigo, with the discovery holes from earlier this year including 56.25 g/t Au over 3.0m, over a broader intercept of 17.34 g/t Au over 10.7m from 3.0m depth, and 23.44 g/t Au over 24.38m from surface ending in mineralization.

Many of these and other drill holes are ending in mineralization near surface, which further demonstrates the strong potential economics of our find here. These high-grade results have been achieved over a strike length of 300m x 250m, with high-grade surface results extending strike over 1.5km, along a 14km structural trend. These are outstanding results from one of our newest discoveries, and we’ve only scratched the surface on what we have here; 2019 is going to be a very exciting year for White Gold!

How was the Vertigo target located?

Vertigo is located on our JP Ross property and is another success of our regional exploration strategy. It is a methodical approach designed by our Chief Technical Advisor and legendary prospector Shawn Ryan, which consists of analyzing each piece of our land package step-by-step with advanced geotechnical techniques. Techniques including analyzing our database of thousands of soil samples, helicopter-based LIDAR and geologic mapping of faults, using the proprietary low-environmental impact GT probe to sample the bedrock, and then when the target is well defined, drilling!. With Vertigo and our other two discoveries this year (Ryan’s Showing and GS West), Shawn Ryan’s exploration strategy has continued to prove its effectiveness, and we are now gaining even more confidence for the possibilities of additional new discoveries on our very large land package which is in excess of 40% of a prolific emerging gold camp.

In the release you talk about a 14 kilometer “structural trend”. What are the characteristics of that trend?

Our exploration work around Vertigo has produced multiple surface samples with over 130 g/t gold being encountered, defining a very long strike length over 1.5 km, all of this along a greater trend that looks to extend over 14km. This trend is structurally controlled as observed through geophysical analysis with high-grade mineralization at surface, and with such an extended structure, we have noted multiple other possible targets that have yet to be tested. This season we focused on performing soil sampling to identify new targets along the trend. We can’t wait for next year’s drilling season to test these additional targets further.

Is Vertigo remotely located? Will the future government-funded infrastructure spending benefit the target?

Vertigo is about 75km south of Dawson City, and about 20km north of our flagship gold resource Golden Saddle. It is very favourably situated only 2km away from the main road to Dawson, which means we can basically drive right to the property, which is practically unheard of for most sites in new exploration jurisdictions. This is part of the road system which is currently being upgraded by the government.

White Gold is positioned to benefit greatly from the government’s infrastructure investments which is being done to advance mining and exploration in the territory for which they are very supportive. The Federal and Territorial Governments announced last year that they are investing over $300 million to upgrade many of the roads in the Yukon to haul-grade to facilitate mining exploration and development. With the majority of these roads going to Goldcorp’s Coffee deposit which is on schedule to start production in 2021, many of the roads are going right through our properties as well. The exploration of Vertigo, the rest of our land package, and the entire Yukon region benefit greatly from continued pro-mining support received from all levels of government.

How many holes are left to report and does White Gold plan to go back to this area next season?

There are still many drill holes from Vertigo the Golden Saddle and some of our other targets with assay results pending. We expect to receive these in the coming weeks and are looking forward to the results.

Vertigo is a major new discovery and we will definitely be testing it further as we did this year and with diamond drilling as well. For next year’s drilling season, we are planning to continue our strategy of splitting our exploration work between expanding our existing major discoveries, such as Golden Saddle and now Vertigo, and for growing our portfolio of targets through regional exploration.

We are also very pleased with the rest of our exploration from this year and still have many exciting untested targets that we will be testing the coming years.

If all works out, we could be speaking about another one or more new Vertigo-type discoveries before long.

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White Gold Corp. Drills 103.9 g/t Gold & 400.0 g/t Silver over 1.52m from Surface within a Broader Intercept of 31.4 g/t Gold over 6.1m and Identifies New High-Grade Gold Zones at Vertigo Target on JP Ross Property

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company) is pleased to announce additional Rotary-Air-Blast (“RAB”) and Reverse Circulation (“RC”) drill results from the Vertigo target on the JP Ross property, Yukon, Canada. Assays for 3 additional RAB holes and 11 additional RC holes have been received, returning additional high-grade mineralization in multiple zones. The RC drilling further validated the previously announced RAB drill results and identified new zones of high-grade gold mineralization along strike and at depth, which remain open in all directions. Drilling and other geological testing has also been conducted along the 14km structural trend that hosts the Vertigo and other similar targets.

Maps to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

Highlights Include:

  • JPRVERRC18-006 returned 3.21 g/t Au over 82.3m, including 31.4 g/t Au over 6.1m, including 103.9 g/t Au and 400.0 g/t Ag over 1.52m from surface and three deeper mineralized zones including 4.92 g/t Au over 6.1m from 36.58m.
  • JPRVERRC18-009 returned 14.23 g/t Au over 6.1m, including 38.56 g/t Au over 3.05m from surface and 6.1 g/t Au over 4.57m from 41.5m. This is the most eastern drill intercept of the gold zones on the Vertigo target and mineralization remains open along strike and at depth.
  • JPRVERRC18-003 returned 30.7 g/t Au over 1.52m from surface and 3.98 g/t Au over 7.62m, including 7.14 g/t Au over 3.05m from 65.53m.
  • A total of 17 RAB holes and 21 RC holes have been drilled on the Vertigo target, increasing strike length of high-grade mineralization to over 305m x 250m. Additional assay results are pending for RC holes within and beyond this strike length, within the newly expanded target area.
  • The target area of mineralization and alteration has been expanded to a footprint of 1,500m x 650m, hosting at least 12 individual zones and remains open in all directions.
  • Additional prospecting and geological evaluation have been conducted along the 14km trend which hosts the Vertigo discovery with the goal of identifying similar gold zones nearby. Assays are pending and will be released in due course.

“We are continuing to encounter high-grade gold mineralization at or near surface on the Vertigo target and have now encountered multiple additional high-grade zones at depth and along strike,” stated Jodie Gibson, VP Exploration. “These new results have provided further understanding of the geological model and show the potential for a large high-grade mineralized system.”

Drill Results
A total of 917.45m of RAB drilling over 17 holes was completed on the Vertigo target. Several of the RAB holes failed to reach full depth due to difficult ground conditions adjacent to or within the mineralized zones. The RAB was converted to an RC system to maximize recoveries and 1,491 m of RC has been drilled over 21 holes. Some of the RC holes are within close proximity to previously reported RAB holes to test for mineralization at depth beyond the limits of the RAB drilling, up to 100m depth, and to evaluate the geometry of the mineralized structures. The remainder step out along strike and on additional structures along the Vertigo target.

Results for 3 additional RAB holes and 11 RC holes from the Vertigo target have been received and are discussed below. Individual assays for the reported holes range from trace to 103.9 g/t Au and trace to 400.0 g/t Ag; with significant zones of alteration and anomalous mineralization noted in all holes except one. The most significant results were obtained from holes JPRVERRC18-001, JPRVERRC18-003, JPRVERRC18-06, JPRVERRC18-07 & JPRVERRC18-09.

JP Ross - Vertigo Target

Significant drill results from the Vertigo target included in this release are detailed in the table below.

Hole IDFrom(m)To(m)Interval(m)Au(g/t)
JPRVERRAB18-0160.003.053.050.88
And10.6712.191.521.08
And32.0047.2415.240.93
Including33.5336.583.052.12
Including42.6747.244.571.10
JPRVERRAB18-0174.576.101.530.87
And27.4336.589.151.03
Including27.4330.483.052.16
JPRVERRC18-00139.6254.8615.241.01
Including41.1542.671.522.56
Including47.2448.771.531.74
Including53.3454.861.522.03
JPRVERRC18-00262.4865.533.050.72
JPRVERRC18-00319.8121.341.5230.70
And65.5373.157.623.98
Including65.5368.583.057.14
JPRVERRC18-0060.0082.3082.33.21
Including0.006.106.1031.40
Including0.001.521.52103.90
And 13.7222.869.142.02
And36.5842.676.104.92
And70.1073.153.052.92
JPRVERRC18-00710.6712.191.526.88
And30.4832.001.529.40
JPRVERRC18-008*24.3827.433.054.00
And45.7247.241.521.25
And60.9662.481.522.20
JPRVERRC18-0090.006.106.1014.23
Including0.003.053.0538.56
And15.2418.293.052.11
And41.1545.724.576.10
Including41.1542.671.5214.80
*Hole ended in mineralization.

Interpretation of the results is ongoing and there is not currently enough information to estimate true thickness of the mineralized zones.

JP Ross Property

JPRVERRC18-001 – Az: 000, Dip: -60°, Depth: 76.2m
JPRVERRC18-001 is located 109m to the SE of RAB hole JPRVERRAB-014. The hole returned a 15.24m intercept of 1.01 g/t Au from 39.62m depth. Anomalous (>100 ppb Au) zones of mineralization occur above and below the reported intercept. Additionally, this is the western most hole received to date and expands the drilled footprint of mineralization to 305m strike length.

JPRVERRC18-003 – Az: 000, Dip: -60°, Depth: 96.01m
JPRVERRC18-003 was drilled to the north from the same location as RAB hole’s JPRVERRAB18-001 & 002. The hole returned two significant intercepts including 1.52m of 30.7 g/t Au from 19.81m depth, and 7.62m of 3.98 g/t Au from 65.53m depth; including 3.05m of 7.14 g/t Au from 65.53m depth.

JPRVERRC18-006 – Az: 180, Dip: -60°, Depth: 86.87m
JPRVERRC18-006 was collared 5m to the south of JPRVERRAB18-014/RC-013 and intersected 4 zones of mineralization with additional mineralization distributed between the zones. This includes a 6.10m zone from surface averaging 31.4 g/t Au, including 1.52m of 103.9 g/t Au from surface; a 9.14m zone averaging 2.02 g/t Au from 13.72m depth; a 6.10m zone averaging 4.92 g/t Au from 36.58m depth, including 1.52m of 14.4 g/t Au from 39.62m depth; and a 3.05m zone averaging 2.92 g/t Au from 70.10m depth. Combined, the zones average 3.21 g/t Au over 82.30m from surface. Excluding the upper 1.52m of 103.9 g/t Au; the combined intercept averages 80.77m of 1.3 g/t Au from 1.52m depth.

JPRVERRC18-007 – Az: 180, Dip: -60°, Depth: 88.39m
JPRVERRC18-07 is located 23m to the north and drilled subparallel to JPRVERRAB18-014. The hole returned two significant intercepts including 1.52m of 6.88 g/t Au from 10.67m depth, and 1.52m of 9.40 g/t Au from 30.48m depth.

JPRVERRC18-009 – Az: 180, Dip: -60°, Depth: 91.44
JPRVERRC18-009 was drilled 8m to the NE of previously reported hole JPRVERRAB18-011 and was drilled to evaluate the area at depth. The hole returned 3 zones of mineralization with additional mineralization distributed between the zones. Results include a 6.10m zone of 14.23 g/t Au from surface, including 3.05m of 38.56 g/t Au from surface; a 3.05m zone of 2.11 g/t Au from 15.24m depth; and a 4.57m zone of 6.10 g/t Au from 41.15m depth, including 1.52m of 14.80 g/t Au from 41.15m depth. Combined, the zones average 2.70 g/t Au over 45.72m from surface.

Vertigo Target – JP Ross Property
The Vertigo Target is on the JP Ross property which is comprised of 2,850 quartz claims covering over 57,000 hectares with at least 14 known target areas and numerous placer gold bearing creeks. Previously announced drill results on the Vertigo target range from trace to 56.25 g/t Au over 3.05m within a broader intercept of 17.34 g/t Au over 10.67m from 3.05m depth (JPRVERRAB18-001); 45.00 g/t Au over 3.05m from 1.52m depth, within a broader intercept of 9.65 g/t Au over 15.24m (JPRVERRAB18-011); and 23.44 g/t Au over 24.37m (JPRVERRAB18-014). Additional exploration in the area also encountered multiple high-grade grab samples including 139.9 g/t, 135.6 g/t and 132.9g/t Au defining a strike length of approximately 1.5km on the Vertigo target along a 12km mineralized trend. The Vertigo Target is located approximately 25km north of the Company’s flagship White Gold property and is within 2km of an existing road accessible from Dawson City. Recently staked and acquired claims adjacent to the property are situated within a prolific placer mining camp where coarse placer gold is common.

To date, at least 12 mineralized structures are recognized on the Vertigo target over a 1500m x 650m area, and consist of W-NW trending, steeply dipping zones of quartz veining, brecciation, and fracture-controlled mineralization with disseminated to vein-controlled pyrite-arsenopyrite-galena and, locally, visible gold mineralization. Drill testing to date has validated the mineralization over 305m of strike length and it is open along strike and at depth.

About White Gold Corp.
The Company owns a portfolio of 21,218 quartz claims across 34 properties covering over 423,000 hectares representing over 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 282,490 ounces Inferred at 1.70 g/t gold as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. (TSX: G, NYSE:GG) with a M&I gold resource(1) of 4.1M oz and Western Copper and Gold Corporation’s Casino project which has P&P gold reserves(1) of 8.9M oz Au and 4.5B lb Cu. For more information visit www.whitegoldcorp.ca.

(1) Noted mineralization is as disclosed by the owner of each property respectively and is not necessarily indicative of the mineralization hosted on the Company’s property.

QA/QC
The analytical work for the 2018 program has been performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory. Sample preparation was carried out at its Whitehorse, Yukon facility. All GT Probe, RAB, RC, and diamond core samples were prepared using procedure PRP70-250 (crush, split and pulverize 250 g to 200 mesh) and analyzed by method FA430 (30g fire assay with AAS finish) and AQ200 (0.5g, aqua regia digestion and ICP-MS analysis). Samples containing >10g/t Au were reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encountered (FS600).

The work was completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the regular insertion of certified standards and blanks into the sample stream. The qualified person detected no significant QA/QC issues during review of the data.

Qualified Person
Jodie Gibson, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 (“NI 43-101”) and has reviewed and approved the content of this news release.

Cautionary Note Regarding Forward Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “proposed”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated benefits to the Company and its shareholders respecting the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the White Gold and other properties; future growth potential of the Company, including whether any further mineral resources will be established in accordance with NI 43-101 at any of the Company’s properties; exploration results; and future exploration plans.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold and other properties; failure to expand or identify any additional mineral resources; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the White Gold properties and the Company’s other properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mineral exploration and mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading “Risks and Uncertainties” in the Company’s most recently filed management’s discussion and analysis. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the TSX Venture Exchange (the “Exchange”) nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information:
David D’Onofrio
Chief Executive Officer
White Gold Corp.
(416) 643-3880
ddonofrio@whitegoldcorp.ca

Photos accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/133932b1-2ccf-40a1-87b9-64d70e278e0b

http://www.globenewswire.com/NewsRoom/AttachmentNg/ba545391-b2e3-4e70-8445-3233550f0ce1

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White Gold Corp. Completes Offerings to Raise Aggregate Gross Proceeds of C$15 Million; Agnico Eagle Mines and Kinross Gold Corp. Each Maintain 19.6% Interest

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce the completion of its previously announced offering (the “Public Offering”) of common shares (“Common Shares”) issued on a flow-through basis (the “FT Shares”) and concurrent brokered private placement (the “Concurrent Private Placement”, and together with the Public Offering, the “Offering”) of Common Shares with a syndicate of underwriters (the “Underwriters”) led by Clarus Securities Inc. and including GMP Securities L.P., Canaccord Genuity Corp. and Sprott Private Wealth L.P. The Public Offering consisted of the sale of 5,000,000 FT Shares issued at a price of C$2.00 per FT Share for aggregate gross proceeds of C$10,000,000, and the Concurrent Private Placement consisted of the sale of 3,333,332 Common Shares at a price of C$1.50 per Common Share for aggregate gross proceeds of C$5,000,000.

The gross proceeds from the sale of the FT Shares will be used by the Company to incur exploration expenditures on its properties in the White Gold District of the Yukon Territory (the “Qualifying Expenditures”) prior to December 31, 2019.  The Qualifying Expenditures will be renounced to subscribers of FT Shares for the fiscal year ended December 31, 2018. The net proceeds from the sale of the Common Shares will be used for general corporate expenses.

Pursuant to existing investor rights agreements between the Company and Agnico Eagle Mines Limited (“Agnico”) (TSX: AEM, NYSE: AEM) and the Company and Kinross Gold Corp (“Kinross”) (TSX: K, NYSE: KGC), each of Agnico and Kinross exercised its right to participate in the Offering by purchasing 1,666,666 Common Shares pursuant to the Concurrent Private Placement. As a result, each of Agnico and Kinross holds an approximate 19.6% interest in the Company after giving effect to the Offering. In addition, certain directors and officers of the Company (and together with Agnico and Kinross, the “Insiders”) purchased an aggregate of 37,500 FT Shares pursuant to the Public Offering.

David D’Onofrio, the Chief Executive Officer of the Company, stated, “We are very pleased to close this financing maintaining our strong financial position as we further explore our recent discoveries in the White Gold district and look to increase the size of our flagship Golden Saddle deposit. We would also like to thank all the parties who have been instrumental in this financing as well as Agnico and Kinross for their continued support.”

The Underwriters received a cash commission equal to 6.5% of the gross proceeds from the sale of FT Shares under the Public Offering, and a cash commission equal to 2.0% of the gross proceeds from the sale of Common Shares under the Concurrent Private Placement. The Underwriters also received broker warrants equal to 6% of the number of FT Shares sold under the Public Offering (each a “Broker Warrant”). Each Broker Warrant entitles the Underwriters to purchase one Common Share at a price of C$2.00 for a period of 24 months following the closing date of the Offering.

Participation by the Insiders in the Offering was considered a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company was exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the Insiders’ participation in the Offering in reliance of sections 5.5(a) and 5.7(1)(a) of MI 61-101. A material change report was filed in connection with the participation of Insiders in the Offering less than 21 days in advance of the closing of the Offering, which the Company deemed reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the Offering in an expeditious manner.

The Common Shares issued pursuant to the Concurrent Private Placement are subject to a statutory four month and one day hold period.

About White Gold Corp.

The Company owns a portfolio of 21,218 quartz claims across 34 properties covering over 423,000 hectares representing over 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 282,490 ounces Inferred at 1.70 g/t gold as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. with a M&I gold resource(1) of 4.1M oz. and Western Copper and Gold Corporation’s Casino project which has P&P gold reserves(1) of 8.9M oz. Au and 4.5B lb. Cu. The Company has outlined an aggressive exploration plan backed by partners Agnico and Kinross. For more information visit www.whitegoldcorp.ca.

(1)Noted mineralization is as disclosed by the owner of each property respectively and is not necessarily indicative of the mineralization hosted on the Company’s property.

Cautionary Note Regarding Forward Looking Information

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “proposed”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated benefits to the Company and its shareholders respecting the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the White Gold properties; the proposed use of proceeds from the Offering; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; the ability of the Company to incur the Qualifying Expenditures  prior to December 31, 2019. the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the White Gold properties and the Company’s other properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading “Risks and Uncertainties” in the Company’s most recently filed management’s discussion and analysis. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the TSX Venture Exchange (the “Exchange”) nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information:
David D’Onofrio
Chief Executive Officer
White Gold Corp.
(416) 643-3880
ddonofrio@whitegoldcorp.ca

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White Gold Corp. Announces C$15 Million Bought Deal Financing; Agnico Eagle Mines and Kinross Gold Corp Each Maintain Approximate 19.6% Interest

White Gold Corp. (TSX.V: WGO) (the “Company”) is pleased to announce that it has entered into an agreement pursuant to which  Clarus Securities Inc. on its own behalf and on behalf of a syndicate of underwriters (collectively, the “Underwriters”) have agreed to purchase, on a bought deal basis, 3,333,333 common shares (“Common Shares”)  and 5,000,000 flow-through common shares (the “Flow-Through Shares”) at a price of C$1.50 per Common Share and C$2.00 per Flow-Through Share, to raise aggregate gross proceeds of C$15million (the “Offering”).  The gross proceeds from the sale of the Flow-Through Shares will be used by the Company to incur exploration expenditures on its properties in the White Gold District of the Yukon Territory (the “Qualifying Expenditures”) prior to December 31, 2019.  The Qualifying Expenditures will be renounced to subscribers of Flow-Through Shares for the fiscal year ended December 31, 2018.  The gross proceeds from the sale of the Hard Shares will be used for general corporate expenses.

The Flow-Through Shares to be issued under the Offering will be offered by way of a short form prospectus in the provinces of British Columbia, Alberta and Ontario, and the Common Shares to be issued under the Offering will be offered by way of private placement in Canada and such other jurisdictions as may be determined by the Company and the Underwriters.  Pursuant to existing investor rights agreements between the Company and each of Agnico Eagle Mines Limited (“Agnico”) and Kinross Gold Corp (“Kinross”), both Agnico and Kinross have the right to participate in the Offering in order to maintain their respective approximate 19.6% interests in the Company.  Agnico and Kinross have both indicated to the Company that they will maintain their interests in this regard by purchasing Common Shares in the Offering.  The Offering is scheduled to close on or about November 8, 2018 (the “Closing Date”) and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the “TSXV”).

The Underwriters will receive a cash commission equal to 6.5% of the gross proceeds from the Flow-Through Shares sold under the Offering, and a cash commission equal to 2.0% of the gross proceeds from the Common Shares sold under the Offering. The Underwriters will also receive compensation options equal to 6% of the number of Flow-Through Shares sold under the Offering (each a “Compensation Option”).  Each Compensation Option will entitle the Underwriters to purchase one common share of the Company at a price of C$2.00 per common share for a period of 2 years from the Closing Date.

The Company is also pleased to announce the completion of the previously announced acquisition of the Henderson, Flow/Work Creek and Birdman properties from Independence Gold Corp.

About White Gold Corp.
The Company owns a portfolio of 21,218 quartz claims across 34 properties covering over 423,000 hectares representing over 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 282,490 ounces Inferred at 1.70 g/t gold as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. with a M&I gold resource(1) of 4.1M oz and Western Copper and Gold Corporation’s Casino project which has P&P gold reserves(1) of 8.9M oz Au and 4.5B lb Cu. The Company has outlined an exploration plan. For more information visit www.whitegoldcorp.ca.

(1)  Noted mineralization is as disclosed by the owner of each property respectively and is not necessarily indicative of the mineralization hosted on the Company’s property.

Cautionary Note Regarding Forward Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “proposed”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the completion of the Offering; the anticipated benefits to the Company and its shareholders respecting the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the White Gold properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the White Gold properties and the Company’s other properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading “Risks and Uncertainties” in the Company’s most recently filed management’s discussion and analysis. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the TSX Venture Exchange (the “Exchange”) nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information:
David D’Onofrio
Chief Executive Officer
White Gold Corp.
(416) 643-3880
ddonofrio@whitegoldcorp.ca

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White Gold Corp. Intersects 3.76 g/t Gold over 66.2m Successfully Extending the Golden Saddle Deposit at Depth and Also Discovers New Mineralized Zone “GS West” Located 750m Along Trend from the Golden Saddle Deposit

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce that a new shallow zone of gold mineralization has been discovered on trend with the Golden Saddle deposit at the Golden Saddle West (“GS West”) target on its White Gold property, Yukon. The GS West target is located approximately 750m west of the Golden Saddle deposit, along a structural trend containing several other targets, including the high-grade Ryan’s Showing discovery announced September 6, 2018.

Step out and infill drilling at Golden Saddle has also continued to return significant results, expanding the footprint and definition of the deposit. Maps to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

The Company is also currently drilling at its JP Ross property to follow up on the high-grade Vertigo discovery as part of its fully funded regional exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC). Additional results will be released in due course, along with further results from the additional testing performed along trend with the Golden Saddle Deposit on its White Gold property including the Ryan’s Showing discovery.

Highlights Include:

  • WHTGS18D0194 intersected 6.90 g/t over 23.64m from 427.11m depth, within broader mineralization of 3.76 g/t Au over 66.2m from 385.2m depth and 2.32 g/t Au over 115.61m from 346.24m depth extending the GS Main Zone and high-grade core of the Golden Saddle deposit by 60m (14%) down-dip in the area.
  • GS West: A new shallow mineralized zone open at depth and along strike was discovered 750m to the west of the Golden Saddle deposit along the structural trend, intersecting Golden Saddle style mineralization in all three holes, including 1.92 g/t Au over 24m from 117m depth WHTGS18D0184 within broader mineralization of 2.97 g/t Au over 10m from 118m depth.  
  • WHTGS18D0193 intersected 3.95 g/t Au over 68m from 210m depth, including 5.42 g/t Au over 47.3m from 225.7m depth, and 9.55 g/t Au over 11.9m from 256m depth infilling a 70m gap in the GS Main Zone and extending mineralization towards surface. This intercept represents one of the strongest and most consistent intercepts of high-grade (>5 g/t Au) mineralization to date for the Golden Saddle.
  • WHTGS18D0191 extended the projection of the GS Main Zone approximately 200m (69%) down dip in the area, intersecting 4.87 g/t Au over 6.3m from 362m depth within broader mineralization of 1.95 g/t Au over 22.3m from 347.6m depth.
  • The Company continues to test additional targets along trend with the Golden Saddle deposit as part of the program designed to expand the existing resource on the White Gold property, with only limited historical exploration having been performed in these areas.

“We are very pleased with these results from our 2018 program on the White Gold property. Making up approximately half of our 2018 budget, the goal of this program was to grow the Golden Saddle deposit through expansion along strike and down dip as well as through the discovery of new mineralization within close proximity to the deposit,” stated Jodie Gibson, VP Exploration of the Company.  “Our program has done just that – making meaningful step outs to the deposit and also making two significant discoveries this year along trend with Golden Saddle. With only limited exploration performed in the area, we are very optimistic about the potential for additional mineralization in close proximity to the Golden Saddle deposit.”

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/21134456-434e-4305-99ea-f7527376526b

GS West Target, White Gold Property
The GS West is located approximately 750m west from the western edge of the Golden Saddle. Drilling on the target area consisted of 3 wide spaced holes testing over 350m of strike length. The purpose of the drilling was to evaluate the area for Golden Saddle style mineralization based on a revised geologic interpretation and projection of the Golden Saddle structural system. All three holes hit Golden Saddle style alteration and mineralization with the most significant results from WHTGS18D0184. Individual assays ranged from trace to 9.7 g/t Au.

WHTGS18D0184 returned 1.92 g/t Au over 24m from 117m depth, including 2.97 g/t Au over 10m from 118m depth and 8.12 g/t Au over 1.95m from 121.05m depth. The mineralization is associated with a strongly sericite altered, coarse grained, augen orthogneiss with pyrite and molybdenite filled fractures, quartz veining, and localised brecciation. The zone occurs along the projection of the GS Main structure to the west and highlights the significant potential for additional zones of near surface mineralization in close proximity to the Golden Saddle deposit.

The newly discovered zone was targeted with a revised geologic modeling based on DIGHEM, IP-Resistivity and historic drilling. The holes were targeting the interpreted intercept of the GS Main structure with a favorable felsic gneiss unit that hosts the majority of the resource in the adjacent Golden Saddle deposit. The discovery highlights the potential for additional, new surface, zones of mineralization adjacent to the Golden Saddle. Detailed geological modelling is in progress and will form the basis of follow up drilling in 2019.

Significant drill results from the Golden Saddle West target are included in the table below:

Hole IDTarget AreaFrom(m)To(m)Int(m)Au(g/t)
WHTGS18D0184GS West117.00141.0024.001.92
Incl.118.00128.0010.002.97
Incl.121.05123.001.958.12
WHTGS18D0185GS West146.00158.6512.650.41
Incl.157.90158.650.753.99
And260.50266.005.500.65
WHTGS18D0186GS West290.97292.021.051.59

There is not currently enough information to estimate true thickness of the mineralization on the GS West at this time.

Golden Saddle Deposit, White Gold Property
A total of 8,745m of diamond drilling over 18 holes was conducted on the Golden Saddle. The drilling included infill drilling for advanced metallurgical testing; aggressive step-out drilling down dip to assess continuity of the mineralized structures to depth and a series of holes for geologic modelling and to assess the continuity of mineralized zones within the hanging wall of the deposit. Results for the infill/metallurgical holes were previously released and include 6.89 g/t Au over 32.0m from 171m depth, including 11.08 g/t Au over 18.4m from 188m depth. Results for 10 additional holes are presented in the table below. Highlights include holes WHTGS18D0191, WHTGS18D0193 and WHTGS18D0194. Individual assays for the released results range from trace to 37.5 g/t Au and reported intercepts are estimated to range from 65 – >95% true thickness.

Significant drill results from the Golden Saddle included in this release are detailed in the table below:

Hole IDTarget AreaFrom(m)To(m)Int(m)Au(g/t)
WHTGS18D0178Golden Saddle448.70452.804.101.62
And 473.00478.105.102.50
Incl. 477.00478.101.105.51
WHTGS18D0183Golden Saddle426.00480.5554.551.20
Incl. 468.00480.5512.552.67
Incl. 475.08480.555.474.71
Incl. 477.90480.552.657.02
And 587.85594.006.151.75
WHTGS18D0187Golden Saddle458.55488.0029.450.90
Incl. 479.05488.008.951.97
And 505.17507.001.833.52
WHTGS18D0188Golden Saddle35.2340.725.490.90
And 248.00254.006.001.12
And 557.00565.008.001.30
Incl. 559.44560.420.983.52
WHTGS18D0189Golden Saddle227.00244.6014.600.32
Incl. 229.00230.001.001.04
WHTGS18D0190Golden Saddle309.35317.007.653.07
Incl. 312.25316.003.755.10
And 551.70552.630.939.85
WHTGS18D0191Golden Saddle347.63369.9022.271.95
Incl. 362.00368.336.334.87
WHTGS18D0192Golden Saddle389.35393.74.353.56
And 434.00442.008.001.86
Incl. 439.68440.841.166.44
WHTGS18D0193Golden Saddle210.00278.0068.003.95
Incl. 225.70273.0047.305.42
Incl. 256.00267.9011.909.55
WHTGS18D0194Golden Saddle346.24451.26115.612.32
Incl. 385.23450.7566.233.76
Incl. 427.11450.7523.646.90
Incl. 440.20450.7510.5514.21

WHTGS18D0194
WHTGS18D0194 returned 2.32 g/t Au over 115.61m from 346.24m depth, including 3.76 g/t Au over 66.23m from 385.23m depth, including 6.90 g/t over 23.64m from 427.11m depth, including 14.21 g/t Au over 10.55m of from 440.2m depth. The hole was drilled from the same site as holes 189/190/191, but at an azimuth 80o and -68o dip, and was targeting the down-dip intersection of the GS Main and a cross-cutting thrust fault that hosts lenses of ultramafic rocks (serpentinite) within the core of the Golden Saddle. This intersection appears to be a significant control on high-grade (>3 g/t Au) mineralization within the deposit, and the intercept extended the GS Main, and high-grade core of the deposit, an additional 60m down-dip in the area.

WHTGS18D0193
WHTGS18D0193 is located 360m east of WHTGS18D0194 and was drilled at an azimuth of 225o and -50o dip. The hole was designed to drill across host lithologies in the Golden Saddle, which are oblique to mineralization, for geologic modelling purposes. Additionally, the hole would test for mineralization associated with lithologic contacts in the hanging wall of the deposit and infill the GS Main at depth. The hole returned 3.95 g/t Au over 68m from 210m depth, including 5.42 g/t Au over 47.3m from 225.7m depth and 9.55 g/t Au over 11.9m from 256m depth. The intercept corresponds to the GS Main infilling a 70m gap between holes WD-070 and WHTGS17D0170.

WHTGS18D0191
WHTGS18D0191 is located on the NW portion of the Golden Saddle and was drilled to assess the down dip potential of the GS Main Zone. The hole was drilled at a 160o azimuth and -85o dip and returned 1.95 g/t Au over 22.27m from 347.63m depth, including 4.87 g/t Au over 6.33m from 362m depth. The intercept extends the projection of the GS Main approximately 200m down dip from historic hole WD-053.

Two additional holes were drilled on the same section as WHTGS18D0191, WHTGS18D0189 and 190, at dips of -65o and -75o; respectively. WHTGS18D0189 is a 75m step-out to WD-053 and returned 0.32 g/t Au over 14.6m from 227m depth. While WHTGS18D0189 and WHTGS18D0190 are lower in grade due to the intersection of less favorable schistose lithology, they confirmed the extension of the GS Main structure. WHTGS18D0190 is a 55m step-out to hole 189 and returned 3.07 g/t Au over 7.65m from 309.35m depth, including 5.1 g/t Au over 3.75m from 312.25m depth. WHTGS18D0191, detailed above, was a further 70m step-out to hole 190. Together the GS Main has been traced from surface to 490m down-dip, and is open at depth, in this area of the deposit.

About White Gold Corp.
The Company owns a portfolio of 21,218 quartz claims across 34 properties covering over 423,000 hectares representing over 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 282,490 ounces Inferred at 1.70 g/t gold as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. (TSX: G, NYSE:GG) with a M&I gold resource(1) of 4.1M oz and Western Copper and Gold Corporation’s Casino project which has P&P gold reserves(1) of 8.9M oz Au and 4.5B lb Cu. The Company has outlined an aggressive exploration plan backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC). For more information visit www.whitegoldcorp.ca.

(1) Noted mineralization is as disclosed by the owner of each property respectively and is not necessarily indicative of the mineralization hosted on the Company’s property.

QA/QC
The analytical work for the 2018 program has been performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory.  Sample preparation was carried out at its Whitehorse, Yukon facility. All GT Probe, RAB, RC, and diamond core samples were prepared using procedure PRP70-250 (crush, split and pulverize 250 g to 200 mesh) and analyzed by method FA430 (30g fire assay with AAS finish) and AQ200 (0.5g, aqua regia digestion and ICP-MS analysis). Samples containing >10g/t Au were reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encountered (FS600).

The work was completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the regular insertion of certified standards and blanks into the sample stream. The qualified person detected no significant QA/QC issues during review of the data.

Qualified Person
Jodie Gibson, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 (“NI 43-101”) and has reviewed and approved the content of this news release.

Cautionary Note Regarding Forward Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “proposed”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated benefits to the Company and its shareholders respecting the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the White Gold properties; future growth potential of the Company, including whether any further mineral resources will be established in accordance with NI 43-101 at any of the Company’s properties; exploration results; and future exploration plans.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; failure to expand or identify any additional mineral resources; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the White Gold properties and the Company’s other properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mineral exploration and mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading “Risks and Uncertainties” in the Company’s most recently filed management’s discussion and analysis. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the TSX Venture Exchange (the “Exchange”) nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information:
David D’Onofrio
Chief Executive Officer
White Gold Corp.
(416) 643-3880
ddonofrio@whitegoldcorp.ca

 

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White Gold and ATAC featured at CBC North

It is good to see the CBC paying attention to the exploration efforts of two great companies operating in the Yukon.

https://www.cbc.ca/news/canada/north/yukon-gold-exploration-white-gold-atac-1.4853129

We’re expecting more results from White Gold (V.WGO) over the next couple of months. ATAC (V.ATC) will also have more results from the prettiest exploration site in Canada at Rackla.

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White Gold Drills 23.44 g/t Gold and 145 g/t Silver Over 24.38m from Surface Ending in Mineralization at Vertigo Discovery, including 59.3 g/t Gold and 388 g/t Silver over 3.05m and Also Encounters Additional High-Grade Grab Samples up to 257.3 g/t Gold and 293 g/t Silver at Vertigo over a 1.1km Strike Length

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company“) is pleased to announce Rotary-Air-Blast (“RAB”) drill results from the Vertigo target on the JP Ross property, Yukon Canada. Assays for three additional RAB holes have been received, returning additional near surface, high grade mineralization, including some of the highest grades ever in the White Gold District, and also expanding the drilled strike length of mineralization to 235m. With multiples holes encountering high-grade gold intercepts and many ending in mineralization at relatively shallow depths, Reverse Circulation (“RC”) drilling has been initiated at JP Ross.

These results mark a significant discovery by the Company produced through its fully funded regional exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC). Systematic exploration has also been conducted on 16 other properties with results to be released in due course. Maps further detailing drill hole and grab sample locations as well as results can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

The Company will host a conference call at 11:30am EDT today, Tuesday, October 2, 2018 for management to provide additional context regarding these and other significant results encountered this year and answer questions. See below for call details.

Highlights Include:

  • JPRVERRAB18-014 was drilled 160m east of JPRVERRAB18-001 and intersected 23.44 g/t Au over 24.38m from surface, including 59.3 g/t Au over 3.05m from surface, 39.4 g/t Au over 3.05m from 12.19m depth and 26.1 g/t Au over 4.572m from 19.81m depth, ending in mineralization. The hole has since been extended with an RC drill to 79.25 m, with results to be reported in due course.
  • Additional surface grab samples encountered up to 257.3 g/t gold including 293 g/t silver encountered within a 1.1 km strongly mineralized trend. Samples are interpreted as being in-place and representative of the bedrock below due to the unglaciated nature of the area.
  • At least 10 mineralized zones (V1 to V10) have been recognised over a 350m x 1,000m area, with individual zones having been traced up to 400m along strike with all zones open along strike and at depth.
  • The JP Ross property is road accessible from Dawson City and the Vertigo Target is within 2km of the existing road.
  • 17 RAB holes were completed on the Vertigo target with assay results for the final 3 RAB holes to be released in due course. All but two holes reported to date have encountered significant gold mineralization over a 235m strike length.
  • RC drilling is progress at the Vertigo and Suspicion targets with assays pending. Additional exploration work including soil sampling, geologic mapping, prospecting, structural interpretation, IP-resistivity, magnetic surveys and LiDAR are also being performed this season.
  • A Class 3 permit application is in progress to permit follow up diamond drilling in 2019.

Shawn Ryan, Chief Technical Advisor of the Company, stated, “This appears to potentially be one of the most significant and interesting discoveries in the White Gold District to date; it is the kind of mineralization that could have produced the local placer gold deposits found in the area. The high-grade nature found at such shallow depths and the fact that there appears to be multiple mineralized zones creates the perfect recipe to build economic ounces. The ability of our team to hit significant gold mineralization on almost every drill hole over 235m of strike on a new target is a true testament to the tenacity and effectiveness of our team and exploration methodology. With each new discovery we are gaining a better understanding of the regional and local geology. We now have increased confidence in the potential for further discoveries in this area as our exploration team continues to explore other targets on the JP Ross property on trend with Vertigo.”

Exploration Work on Vertigo Target
A total of 917.45m of RAB drilling over 17 holes was completed on the Vertigo target. Several of the RAB holes failed to reach full depth due to difficult ground conditions adjacent to or within the mineralized zones. The RAB was converted to an RC system to maximize recoveries and to date 1,224 m of RC has been drilled over 17 holes. This includes step-out drilling to test additional identified zones of mineralization (V1, V2, & V7 – V10), drilling along strike extensions of the V3 – V5 zones and initial drill testing on newly identified targets on trend through geologic mapping/prospecting including the recently announced Suspicion target, 4km to the southwest of Vertigo.

Additional work underway includes:

  • Infill and new grid soil sampling along the 12km Vertigo Trend
  • Detailed geologic mapping, prospecting and structural interpretation
  • IP-Resistivity surveys with 2.08 line-km completed to date
  • Ground magnetic surveys to complement existing airborne magnetic and DIGHEM surveys
  • High resolution LiDAR surveys over the Vertigo and Suspicion areas to complement existing data

Drill Results
Results for 3 additional holes from the Vertigo have been received with individual assays ranging from trace to 60.4 g/t Au and are associated with strongly elevated Ag, Pb, Bi, +/- As. All reported holes were drilled either due north (000o) or due south (180o) at dips ranging from -55o to -60o. The most significant results were obtained from holes JPRVERRAB18-005 & JPRVERRAB18-014.

JPRVERRAB18-005:
JPRVERRAB18-005 is located 50m to the southwest of JPRVERRAB18-001 at a due north azimuth and dip of 55o. The hole targeted the V3 zone and returned 1.49 g/t Au over 16.76m from 12.19m depth, including 9.37 g/t Au over 1.52m from 27.43m depth, where it ended in mineralization. The hole has subsequently been extended with an RC drill hole to test the mineralized zone to further depth. Results for the follow up RC hole are pending and will be reported in due course.

JPRVERRAB18-014:
JPRVERRAB18-014 is located 160m east of previously reported hole JPRVERRAB18-001 and was drilled at a 180o azimuth and 60o dip. The hole was targeting strongly anomalous As-Pb-Bi (+/- Au-Ag) in XRF results from recent GT Probe sampling across the interpreted V6 zone and returned 23.44 g/t Au over 24.38m from surface (0.00m). This includes 3 subintervals consisting of 59.3 g/t Au over 3.05m from surface, 39.4 g/t Au over 3.05m from 12.19m depth and 26.1 g/t Au over 4.572m from 19.81m depth. The gold mineralization is associated with strongly elevated Ag – Pb (As-Bi) and averaged 145 g/t Ag and 0.54% Pb over the 24.38m interval. The hole ended in mineralization at 28.38m depth due to air loss in strongly fractured ground. The hole has been subsequently re-entered using RC equipment and extended to depth. The results of the additional drilling are in progress and will be presented in due course. Gold, silver, and lead assays for the individual 1.52m samples within the reported interval are presented below.

From(m)To(m)Au(g/t)Ag(g/t)Pb(%)
01.5258.203880.62
1.523.0560.402200.42
3.054.5714.001130.17
4.576.15.30680.61
6.17.6237.40820.59
7.629.1416.40540.31
9.1410.675.36570.15
10.6712.192.49810.25
12.1913.7220.701210.64
13.7215.2458.102712.13
15.2416.769.16830.61
16.7618.292.00180.14
18.2919.817.42320.14
19.8121.3429.503331.11
21.3422.8621.702570.51
22.8624.3827.001380.31

Interpretation of the results is ongoing and there is not currently enough information to estimate true thickness of the mineralized zones.

Significant drill results from the Vertigo target included in this release are detailed in the table below.

Hole IDFrom(m)To(m)Interval(m)Au(g/t)
JPRVERRAB18-005*12.1928.9616.761.49
Including27.4328.961.529.37
JPRVERRAB18-01238.139.621.521.18
 And73.1574.681.521.46
JPRVERRAB18-013Results pending
JPRVERRAB18-014*024.3824.3823.44
 Including03.053.0559.3
 And12.1913.723.0539.4
 And19.8124.384.5726.1
JPRVERRAB18-015Results pending
JPRVERRAB18-016Results pending
JPRVERRAB18-017Results pending
*Hole ended in mineralization

Previously announced RAB significant results from Vertigo are summarized below.

Hole IDFrom(m)To(m)Interval(m)Au(g/t)
JPRVERRAB18-0013.0513.7210.6717.34
Including3.056.13.0556.25
JPRVERRAB18-0033235.033.053.11
JPRVERRAB18-00419.8121.341.523.73
JPRVERRAB18-00621.3422.861.520.76
JPRVERRAB18-00712.1913.721.522.37
And44.245.721.521.85
And82.383.821.524.83
JPRVERRAB18-008*1.523.051.524.11
And33.5235.051.523.4
JPRVERRAB18-00938.139.621.5213.4
JPRVERRAB18-01016.7618.291.5215.3
And64.0165.531.521.07
JPRVERRAB18-011*1.5216.7615.249.65
Including1.524.573.0545
*Hole ended in mineralization

Surface Samples:
Assays for an additional grab samples from the Vertigo target area were received with results ranging from 0.03 g/t to 257.3 g/t gold and included 5 samples >1g/t Au and 2 samples >30 g/t Au, including 32 g/t Au & 257.3 g/t Au. The high grade 257.3 g/t Au sample was from the eastern end of the Vertigo along the projection of the V3 structure and consisted of a brecciated quartz vein with strong scorodite staining and visible gold. The sample also returned 291 g/t Ag and 2.65% Pb.

Rock grab sampling on the Vertigo target has defined strong mineralization over a 1.1km NW trend with 10 mineralized zones (V1 to V10), with individual zones having been traced up to 400m along strike with all currently open along strike and at depth. The samples are interpreted as being in-place and representative of the bedrock below due to the unglaciated nature of the area. Significant results are summarized below

SampleTargetAu (g/t)Ag (g/t)
1715292Vertigo257.30291.00
1715293Vertigo2.3729.50
1715298Vertigo1.793.20
1715301Vertigo32.0044.90
1715302Vertigo5.613.4

Conference Call Details
David D’Onofrio (Chief Executive Officer), Shawn Ryan (Chief Technical Advisor), Rob Carpenter (Director) and Jodie Gibson (VP, Exploration) of the Company will host a conference call today to discuss the results in greater detail and answer questions. The call-in details are provided below and a recording will be available at the link below following the call.

Date/TimeOctober 2, 2018 11:30AM EDT
Dial-In NumbersToll-Free: 877-407-8033
International: 201-689-8033
Replay NumbersToll-Free: 877-481-4010
International: 919-882-2331
Replay Passcode: 37715
Teleconference Replay ExpirationOctober 9, 2018 11:00AM EDT
Webcast Linkhttp://www.investorcalendar.com/event/37715
Webcast Replay ExpirationJanuary 2, 2019 11:00AM EDT

JP Ross Property
The JP Ross property is comprised of 2,850 quartz claims covering over 57,000 hectares of exploration ground which currently has at least 14 known anomalous trends including the Vertigo and Suspicion and numerous placer gold bearing creeks. Preliminary drill results(1) on the Vertigo target ranged from trace to 56.25 g/t Au over 3.05m within a broader intercept of 17.34 g/t Au over 10.67m from 3.05m depth (JPRVERRAB18-001) and 45.00 g/t Au over 3.05m from 1.52m depth, within a broader intercept of 9.65 g/t Au over 15.24m (JPRVERRAB18-011). Additional exploration in the area also encountered multiple high-grade grab samples(2) including 139.9 g/t, 135.6 g/t and 132.9g/t Au defining a strike length of approximately 1.1km on the vertigo target along a 12km mineralized trend. The JP Ross property is road accessible from Dawson City and the Vertigo Target is within 2km of an existing road. Recently staked and acquired claims adjacent to the property are situated within a prolific placer mining camp where coarse placer gold is common.

The property is located 25km north of the Company’s flagship White Gold property which has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 262,220 ounces Inferred at 1.70 g/t gold and 55km north of the Coffee project owned by Goldcorp Inc. (TSX: G, NYSE: GG) with a M&I gold resource(3) of 4.1M oz. Historic exploration performed on the JP Ross property by Underworld Resources and Kinross Gold includes geochemical surveys, trenching, airborne magnetic and radiometric surveys, and 8,592m of diamond drilling over 64 holes. 14 target areas are currently known and large portions of the property are unexplored.

Potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource on the JP Ross property to date and it is uncertain if further exploration will result in such target being delineated as a mineral resource.

(1) See Company News Release dated September 17, 2018, available on SEDAR
(2) See Company News Release dated September 26, 2018, available on SEDAR
(3) Noted mineralization is as disclosed by the owner of each property respectively and is not necessarily indicative of the mineralization hosted on the Company’s property.

About White Gold Corp.
The Company owns a portfolio of 21,218 quartz claims across 34 properties covering over 423,000 hectares representing over 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 282,490 ounces Inferred at 1.70 g/t gold as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. (TSX: G, NYSE:GG) with a M&I gold resource(3) of 4.1M oz and Western Copper and Gold Corporation’s Casino project which has P&P gold reserves(3) of 8.9M oz Au and 4.5B lb Cu. The Company has outlined an aggressive exploration plan backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC). For more information visit www.whitegoldcorp.ca.

QA/QC
The analytical work for the 2018 program has been performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory. Sample preparation was carried out at its Whitehorse, Yukon facility. All GT Probe, RAB, RC, and diamond core samples were prepared using procedure PRP70-250 (crush, split and pulverize 250 g to 200 mesh) and analyzed by method FA430 (30g fire assay with AAS finish) and AQ200 (0.5g, aqua regia digestion and ICP-MS analysis). Samples containing >10g/t Au were reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encounter (FS600). Samples containing >100 g/t Ag and/or >1% Pb were analyzed using method AQ374 (0.4g, aqua regia digestion and ICP-ES analysis).

The work was completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the regular insertion of certified standards and blanks into the sample stream. The qualified person detected no significant QA/QC issues during review of the data.

Qualified Person
Jodie Gibson, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 (“NI 43-101”) and has reviewed and approved the content of this news release.

Cautionary Note Regarding Forward Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “proposed”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated benefits to the Company and its shareholders respecting the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the JP Ross property; future growth potential of the Company, including whether any further mineral resources will be established in accordance with NI 43-101 at any of the Company’s properties; exploration results; and future exploration plans.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the JP Ross property; failure to expand or identify any additional mineral resources; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the JP Ross property and the Company’s other properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading “Risks and Uncertainties” in the Company’s most recently filed management’s discussion and analysis. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the TSX Venture Exchange (the “Exchange”) nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information:
David D’Onofrio
Chief Executive Officer
White Gold Corp.
(416) 643-3880
ddonofrio@whitegoldcorp.ca

Photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/0e25b280-b2d8-4583-898b-d148aa3ed1a2

http://www.globenewswire.com/NewsRoom/AttachmentNg/1c0a6c32-d4d9-4e11-8758-42fee6865f1f

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White Gold Core Photos

Our friends at White Gold sent along a couple of core pictures to go with today’s press release.

Indicated in these pictures is “visible gold”.  Obviously, you have to wait for assays and you need to pay attention to the complete sample, but when exploration geologists see visible gold in core their confidence that they are drilling in the right place increases.

V.WGO, White Gold, gold, Yukon

V.WGO, White Gold, gold, Yukon

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