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.
Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce that the 2018 exploration season, on the company’s 100% owned, road accessible, Freegold Mountain property, which began in late March, is now complete. In addition to making numerous long, high-grade and gold-rich drill intersections during the 2018 season (summarized below) two new, at surface, mineral showings were discovered, the Drone Zone showing, and the Maximus II showing.
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.
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.
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/.
White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce multiple high grade surface samples along strike from the recent Vertigo discovery and further expanding the footprint of the high grade mineralized system. Surface grab samples were taken on the Vertigo target along trend from the recently announced discovery hole which encountered 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 (announced September 17, 2018) as well as on the undrilled Suspicion target area 4.1km along trend from Vertigo on the Company’s JP Ross Property, Yukon Canada. The samples are interpreted as being in-place and representative of the bedrock below due to the unglaciated nature of the area. Images to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.
Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce the September 15th start of a geophysical program on its road accessible, 100% owned, Freegold Mountain property. The geophysical program encompasses the entire length of a multi-element soil anomaly that surrounds the Blue Sky, Revenue and Nucleus areas (Figure 1). The program is being conducted by SJ Geophysics and will include resistivity (DC), induced polarization (IP), magnetotelluric (MT), and ground magnetic surveys. The configuration of the IP survey is designed to provide data to a depth of 700 metres and the MT survey extends the depth of investigation to approximately 1,200 metres. The DC, IP and MT surveys will cover approximately 30 line-kilometres, with three 7 km long lines running the length of the soil anomaly from NW to SE, and three approximately 3 km long lines running across the Blue Sky Zone in a N-S orientation (Figure 1). The survey is expected to be complete by October 5 and will require several weeks for further data processing before final results will be delivered to the company.