Tag: White Gold Corp.

White Gold Corp. Intercepts Significant Gold Values on Multiple New Drill Targets Across the White Gold Property, Confirming and Extending Regional Scale Mineralization Surrounding the Company’s Flagship Golden Saddle & Arc Gold Deposits

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V.WGO, White Gold, gold, Yukon

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce Rotary Air Blast (RAB) drill results on multiple newly identified drill targets located across its White Gold property, in the prolific White Gold District, Yukon, Canada. Significant gold mineralization was encountered on several targets located in the area surrounding the Golden Saddle & Arc deposits. These targets were discovered through the Company’s proprietary, data driven exploration strategy and include the McKinnon East, Ulli’s Ridge, Minneapolis Creek and several other targets. The 2019 RAB drill program was designed to drill a limited number of holes per target as a preliminary evaluation of the target areas with preliminary drilling of the additional new targets and follow up to be performed in 2020. White Gold Corp’s fully-funded $13 million 2019 exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC) included diamond drilling on the Vertigo target (JP Ross property), Golden Saddle & Arc deposits (White Gold property) as well as soil sampling, prospecting, GT Probe, trenching and RAB/RC drilling on various other properties across the Company’s expansive land package located in the prolific White Gold District, Yukon, Canada. read more

White Gold Corp. Commences Exploration on Vertigo Discovery and Newly Identified Targets along Vertigo Trend on JP Ross Property

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White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce it has commenced its $13 million fully funded 2019 exploration program on its extensive 439,000 hectare land package, representing over 40% of the prolific White Gold District in Yukon, Canada. A total of 17,000m of diamond drilling and 7,500m of Reverse Circulation (“RC”) drilling is expected this season as part of the Company’s systematic data driven exploration plan backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC).  Exploration activity has commenced on the JP Ross property focusing on expanding the footprint of the recent Vertigo discovery and other newly identified high priority targets along the 14km Vertigo Trend. read more

White Gold Corp. Announces Fully Funded $13M Exploration Program Focused on Vertigo Discovery, Further Increasing Golden Saddle and VG Gold Resources and New Gold Discoveries

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White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce its fully funded 2019 exploration program on its extensive 439,000 hectare land package, representing over 40% of the prolific White Gold District in Yukon, Canada. read more

White Gold Corp. Makes New Discovery on Betty Property Along the Extension of the Coffee Creek Fault

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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 its Betty property located in Yukon, Canada, with numerous drill holes across several target areas encountering near surface gold mineralization. The gold mineralization was encountered along the eastern extension of the Coffee Creek fault which hosts the adjacent Coffee deposit owned by Goldcorp Inc. (TSX: G, NYSE: GG) currently being developed as an open pit and heap leach gold mine with commercial production anticipated to begin in 2021. These results represent a new discovery on a previously undrilled target, discovered through the Company’s 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). read more

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

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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. read more

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

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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. read more

White Gold Stakes Additional Claims Around Recent High Grade Gold Discovery at the Vertigo Target on JP Ross Property and Along Mineralized Trend

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White Stewart-Properties New Claim Blocks

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company“) is pleased to announce it has staked an additional 717 mining claims totaling 14,260 hectares (the “Staked Claims”) contiguous to the Company’s JP Ross, Hen, and Stewarts properties, Yukon, Canada. The staked claims further extend the Company’s land package immediately to the west and south of the Company’s JP Ross property in the area surrounding the recently announced Vertigo discovery where preliminary drill results(1) included 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. Maps further detailing the property locations can be found at http://whitegoldcorp.ca/investors/exploration-highlights/. read more

White Gold Corp Acquires & Stakes Properties Around New Discovery on JP Ross Property, Yukon; Management to Present at Upcoming Conferences

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White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company“) is pleased to announce that it has reached agreement to acquire a 100% interest in a portfolio of mining claims comprising the Henderson, Flow/Work Creek and Birdman properties (collectively, the “Properties”) from Independence Gold Corp. (TSX.V: IGO) (“IGO”) in exchange for an aggregate cash payment of $35,000, 160,000 common shares in the capital of the Company (the “Shares”), and two 1% net smelter return (“NSR”) royalties on the Properties. The Properties are comprised of an aggregate of 920 claims representing approximately 18,000 hectares of land in the White Gold District. The Company has also staked 299 claims adjacent to the JP Ross and Hen properties (the “Staked Claims”). The acquisitions extend the Company’s land package immediately to the west and south of the Company’s JP Ross property in the area surrounding the recently announced discovery and increases the Company’s landholdings in the Yukon to 409,000 hectares. Maps further detailing the property locations can be found at http://whitegoldcorp.ca/investors/exploration-highlights/. read more