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Golden Predator Announces Chief Operating Officer to Implement Brewery Creek Mine Restart in Canada’s Yukon

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”)  is pleased to announce Mr. Michael (Mike) Maslowski has commenced his position, effective December 2, 2019 as Chief Operating Officer. Mike will lead the mine development team and is charged with advancing the Brewery Creek Mine, located near Dawson City in Canada’s Yukon, through development towards planned operations. Mike previously served as Chief Operating Officer of Golden Predator from 2011 to 2014 and his familiarity with the project will enable the fully licensed Brewery Creek to advance quickly once a production decision has been made based on the ongoing Feasibility Study.

Mr. Maslowski will coordinate and manage all the Company’s construction, mine development and activities at the Brewery Creek Mine. In addition, he will oversee the continuing expansion of the project through aggressive mine site exploration, environmental studies, permitting and future development. Mike will lead a skilled and experienced team with proven abilities to develop and operate restarts of heap leach operations in California and mines across North America.

“With Mike now in the position of Chief Operating Officer we have completed our mine development team and have the right people in place to advance projects like Brewery Creek into development and operations,” said Janet Lee-Sheriff, Chief Executive Officer. “The collective skills of the team provide 100 years of development and operations experience with a significant northern component. Mike is joined by James Hesketh, a proven operator of heap leach operations and Yukon based projects plus Robin Fraser skilled in Yukon projects, materials management and metallurgy.”

Golden Predator Mining Management Team

Michael Maslowski, Chief Operating Officer

Mr. Maslowski is a geological engineer with a career in the mineral resource industry spanning more than 35 years in exploration, engineering, underground and open pit mining design and operation in the Americas and East Africa. Mr. Maslowski previously worked with Golden Predator from 2011 to 2014 as Vice President of Exploration and then Chief Operating Officer, expanding the Brewery Creek heap leach recoverable oxide resource more than 5 fold in 3 years and directing the Brewery Creek Preliminary Economic Assessment Study of 2014. Since 2017 he has been the Technical Services Superintendent for Teck Washington Inc. at their Pend Oreille mine in NE Washington State, an underground lead-zinc mine. Prior to 2011, he was with Coeur d’Alene Mines for ten years in numerous positions including Director of Exploration and Assistant General Manager of the Palmarejo Mine in Mexico. He was the team leader for the discovery of the Diamond Hill Mine for Pegasus Gold then was responsible for advancing the mine into production. Mike is a member of the Society for Mining, Metallurgy and Exploration (SME) and the American Institute of Professional Geologists. He holds a B. S. in Geological Engineering from the Colorado School of Mines and is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists (AIPG) and a Qualified Person (QP) as defined by National Instrument 43-101.

James Hesketh M.Sc. MMSA | Engineering

James Hesketh has 35 years’ experience in open pit heap leach operations and management. His strong background in mining finance, mine engineering, development and operations includes senior positions with Atna Resources Ltd, Canyon Resources Corporation, NM Rothschild & Sons (Denver) Inc., Cyprus Amax Minerals Company, Pincock Allen & Holt, Inc., and Dresser Industries Inc. He brings previous knowledge of the operations of the Brewery Creek Mine where he headed up the economic evaluation of the project for Rothschild’s. One of the few engineers with actual year-round commercial operational experience in the Yukon, he operated an open pit barite mine and processing plant in the SE Yukon during the 1980s. He is qualified to assist with mineral valuation, financial and mining costing, infrastructure and project management. He holds a B.S. in Mining Engineering and a M.S. in Mineral Economics, both from the Colorado School of Mines.

Robin Fraser | Mining & Metallurgy

Robin Fraser and his team at Canadian Northern Mining Corp. have completed many mining construction, operation & maintenance projects worldwide and provide expert personnel, detailed evaluations and optimization plans. Joining Golden Predator initially to enhance and optimize the Company’s bulk sample processing plant, Robin and team will expand their involvement, working towards the restart of the Company’s Brewery Creek Mine. Canadian Northern Mining has an established track record in early design, construction, start up and day to day operations. They will continue providing processing plant management, operations, maintenance and laboratory services for the 3 Aces bulk sampling project.

Golden Predator Mining Corp.

Golden Predator is advancing the past-producing Brewery Creek Mine towards a timely resumption of mining activities, under its valid Quartz Mining and Water Licenses, in Canada’s Yukon. With established resources grading over 1.0 g/t Gold and low capex to production in a safe first world jurisdiction, Brewery Creek has a clear path to production as an economically and environmentally known project. Optimization studies are progressing to enhance the already positive multi-phase project economics described in the 2014 Preliminary Economic Assessment. Drilling continues to expand the open-ended resources and untested targets across the 180 km2 brownfield property located 55 km by road from Dawson City, Yukon. The Company has a Socio Economic Accord with the Tr’ondëk Hwëch’in First Nation.(1) (2)

At the 3 Aces project, Golden Predator continues to expand on discoveries of native gold in quartz veins while ongoing bulk sampling and processing at the 50 tpd Company-owned processing plant has demonstrated gold recoveries of over 85% using a chemical-free process. This green gold provides the gold for the mintage of .9999 gold coins from the Yukon Mint™, a wholly owned subsidiary of Golden Predator.

For additional information:
Janet Lee-Sheriff
Chief Executive Officer
(604) 260-8435
info@goldenpredator.com
www.goldenpredator.com

(1)NI 43-101 Technical Report “Preliminary Economic Assessment for the Brewery Creek Property Yukon Territory, Canada” Release Date of November 19, 2014.
(2)Brewery Creek Technical Report, Richard Diment, PGeo May 18, 2003

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations that the private placement will complete as described herein, that the Project will advance through permitting and feasibility. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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White Gold Corp. Stakes Strategic Claims in White Gold District, Yukon & Management to Provide Corporate Update Webinar Focusing on Titan Discovery Today at 4PM EST

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce it has staked three strategic claim blocks (Kodiak, Kirkman & Tea) totaling 689 mining claims (the “Claims”) contiguous to the Company’s White Gold property, Newmont Goldcorp Inc.’s (TSX: NGT, NYSE: NEM, “Newmont”) Coffee project and Western Copper & Gold’s (TSXV: WRN, NYSE: WRN) Casino project, all located in the prolific White Gold District, Yukon, Canada. The claims further extend the Company’s land package to the south, with Kodiak & Kirkman claim blocks located approximately 10km south of the Company’s White Gold deposit and 10km to the north of Newmont’s Coffee deposit, and the Tea claim block located contiguous to the Coffee project to the south. These properties each display similar geological characteristics to the nearby properties which host significant gold deposits. The Claims bring the Company’s expansive land package to 21,207 quartz claims across 33 properties, totalling over 422,730 hectares, representing over 40% of the White Gold District. 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) includes 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.

Highlights Include:

  • New claims staked:
    ° 
    KODIAK: 111 claims contiguous to the White Gold property and 10km north of Newmont’s Coffee deposit
    ° 
    KIRKMAN: 272 claims extending south of Kodiak, also north of Newmont’s Coffee and south of the White Gold property.
    ° 
    TEA: 306 claims contiguous to Newmont’s Coffee project on the south.
  • These properties are historically underexplored and display similar geological characteristics to the Coffee project and White Gold properties.
  • Shawn Ryan, Chief Technical Advisor will be presenting today Thursday December 5, 2019 at 4PM EST, a live webinar corporate update focusing on the Company’s recent high-grade gold discovery the Titan; Registration details are provided below, and a recording will also be available subsequent to the webinar.
  • Additional regional exploration activity & drill results from the White Gold and JP Ross properties to be released in due course.

Maps showing the location of the Claims can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

“Our recent high-grade, near surface Titan discovery and last year’s Vertigo, Ryan’s Surprise and other discoveries continue to demonstrate the success of our proprietary, methodical data-based exploration strategy and the prospectively of our extensive land package in the prolific White Gold District. The Kodiak, Kirkman and Tea properties have similar geological characteristics to our White Gold property and/or the Coffee project and are strategic additions to our land package,” stated David D’Onofrio, Chief Executive Officer.

Kodiak & Kirkman Properties:
Kodiak is comprised of 111 claims located south and adjacent to the Company’s White Gold property and approximately 15km north Newmont’s Coffee deposit. Kirkman is comprised of 272 claims extending south of the Kodiak Property, in close vicinity to the Company’s White Gold property and approximately 10km north of Newmont’s Coffee project and 2 km north of Arcus Development Group Inc.’s Dan Man property.

The Kirkman claims were previously held by Kaminak Gold, who originally discovered the Coffee deposit and was subsequently acquired by Goldcorp for $530M. Historically the properties have only had limited exploration work completed, comprised primarily of soil sampling, geophysical surveys, and minor trenching activity.

The strong soil anomalies and favourable geology, combined with the proximity to the neighboring gold deposits warrant follow up exploration. The anomalies are also alongside the Kirkman Creek which is currently actively mined for placer gold.

Tea Property:
The Tea is comprised of 306 claims on a new target area and is located immediately south of Newmont’s Coffee project, and adjacent to Western Copper & Gold’s Casino project to the east. The Tea property claims were staked based on geologic and geophysical interpretation of the area with the claims covering a previously unexplored regional scale, E-W oriented, structural corridor and receptive host rocks. Placer gold is known to occur within streams draining the area and the geologic and structural framework is similar to that which hosts mineralization on the adjacent Coffee property, and the Company’s Betty property approximately 25km to the east.

Live Corporate Update Webinar: Titan Discovery – Thurs Dec 5, 2019 4PM EST
Shawn Ryan, Chief Technical Advisor, will present a live webcast corporate update with a focus on the Company’s Titan discovery.

The recent and first ever drilling on the Titan intercepted 72.81 g/t Au over 6.09m from 10.67m depth, including 136.36 g/t Au over 3.05m, within a 32m zone of mineralization and remains open in all directions(1). The Titan is located on the road-accessible Hen property and consists of a 650m x 650m gold in soil anomaly with multiple other prospective targets that show similar geophysical characteristics to the mineralization encountered in these drill holes.  Titan surface exploration results include grab samples of 605 g/t Au, 497 g/t Au, and 113 g/t Au with fine grained visible gold observed, and soil samples of up to 113 g/t Au, the highest ever in the Company’s 400,000+ soil sample database(2).

Register for Live Webinar at Link Below: A recording of the webinar will become available after the Webinar using the same link:

https://bit.ly/2R3LvNI

  1. See White Gold Corp News Release dated November 26, 2019, available on SEDAR.
  2. See White Gold Corp News Release dated September 5, 2019, available on SEDAR.

The Company also announces that Robert Carpenter has stepped down from the Board of Directors to pursue other interests. The Company would like to thank Rob for his valuable contributions to the Company and wish him the best of luck in his future endeavours.

QA/QC
The analytical work for the 2019 drilling program will be performed by ALS 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 RC chip and diamond core samples will be prepared using procedure PREP-31H (crush 90% less than 2mm, riffle split off 500g, pulverize split to better than 85% passing 75 microns) and analyzed by method Au-AA23 (30g fire assay with AAS finish) and ME-ICP41 (0.5g, aqua regia digestion and ICP-AES analysis). Samples containing >10 g/t Au will be reanalyzed using method Au-GRAV21 (30g Fire Assay with gravimetric finish).

The reported work will be completed using industry standard procedures, including a quality assurance/quality control (“QA/QC”) program consisting of the insertion of certified standard, blanks and duplicates into the sample stream.

About White Gold Corp.
The Company owns a portfolio of 21,207 quartz claims across 33 properties covering over 422,730 hectares representing over 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 1,039,600 ounces Indicated at 2.26 g/t Au and 508,700 ounces Inferred at 1.48 g/t Au. 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 Newmont Goldcorp Corporation with a M&I gold resource(3) of 3.4M 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. For more information visit www.whitegoldcorp.ca.

(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.

Qualified Person
Jodie Gibson, P.Geo., a Technical Advisor for the Company, is a “qualified person” as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects, 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, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s 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:; expected benefits to the Company relating to exploration conducted and proposed to be conducted at the Company’s properties; 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 Company’s 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 in the most recently filed management’s discussion and analysis of the Company. 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 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.
(647) 930-1880
ir@whitegoldcorp.ca

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White Gold: Titan Discovery Q&A

On November 26, 2019 White Gold announced a major discovery at its Hen Property in the White Gold District of Yukon. The target group is referred to as Titan. The discovery was the result of the first ever drilling at the target.

Famed gold prospector and Chief Technical Advisor to White Gold (V.WGO), Shawn Ryan, will be doing a Webcast on this discovery and White Gold’s future plans on Thursday December 5 from 1:05 PM – 2:05 PM PST. You can register to hear Shawn here.

Meanwhile, we wanted to get some background on the Titan discovery and its significance and sent a few questions to White Gold.

What is the Titan, and why is it so notable?

The Titan is a new near-surface, high-grade gold discovery just announced, located on our significant land package comprised of over 40% of the prolific White Gold District of Yukon, Canada. Specifically, the Titan is located on the road accessible, yet historically underexplored Hen Property, located roughly 15km from the White Gold Vertigo discovery, and 25km from our Golden Saddle & Arc deposits.

Our drilling this season was the first ever completed on the property and produced outstanding results. Intervals include 72.81 g/t Au over 6.09m from 10.67m depth, including 136.36 g/t Au over 3.05m at 12.19m depth, within a 32m zone of mineralization. The drilling completed was very preliminary, with only 3 holes drilled to gain initial visibility on what mineralization or structure, if any, we could have on the property.  The drilling resulted in significant initial success beyond our expectations and the target remains open in all directions and underexplored.

Are there any other targets on the Hen property? How similar are they to the Titan target?

 As with most of our targets, the Titan is not a discovery in a vacuum.  The target is hosted on a circular 650m x 650m magnetic anomaly, with multiple untested targets located in close vicinity of the recent discovery. These other targets were highlighted on the hosting anomaly due to their strong magnetic highs; similar to the area just recently drilled.

Additionally, the gold recovered at Titan has a strong association with magnetite, which demonstrates strong magnetic signatures, illustrating a possible further connection with these magnetic high targets on the anomaly. These other targets are still untested, but we have started planning our future activity for them. It is exciting to think the footprint of Titan could actually be much larger than what has been currently tested.

Titan is the latest exciting high-grade gold discovery of WGO, alongside multiple others. How do you narrow down which projects to concentrate on for each season?

 One of the key differentiators of WGO is that compared to most junior explorers we do not have only a single property or a single project. Instead, WGO has assembled the largest land package in the prolific White Gold District of the Yukon and is now in the process of performing our proprietary methodical exploration strategy, which has already resulted in multiple gold discoveries. This ensures that we always have a mix of early and mature stage exploration projects, such as the Titan, our newest discovery, the Vertigo from last year as well as the Golden Saddle & Arc, which are established 43-101 deposits currently representing over 1.5 million oz on our White Gold property and 230,000 oz on our QV property acquired last year We believe both of these properties have substantial room to grow, in addition to the potential for nearby new discoveries.

Every year when our field season wraps up, our technical team to dives in deep with the assistance of our partners Agnico and Kinross to process the significant amount of drilling, soil, probe and other exploration data we have generated on each of our projects. We then determine how to best continue to explore. This year we had one of the larger exploration programs of any junior in Canada spending over $13M.

Consistent with our exploration strategy from the company’s inception, we never play favourites with our projects, we only continue additional work when data has shown us positive results worthy of follow up. The Titan is a great example of that process, as our soil sampling campaign produced some fantastic results indicating the need for follow up, soils including a 113 g/t gold sample, the highest ever in our database. This was followed up by hand pit trenching, with visible gold disseminated throughout the hand pit, and prospecting, with results including 605 g/t Au, 497 g/t Au and 113 g/t Au grab samples. We now have multiple discoveries and prospective target which warrant additional follow up.

 

 

 

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White Gold: Interview with Shawn Ryan

Legendary Yukon Prospector and White Gold (V.WGO) Chief Technical Adviser Shawn Ryan is interviewed on the Stockpulse Network.

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Cartier Resources Grants Stock Options

Cartier Resources Inc. (TSX-V: ECR) (the “Company”) announces that the Board of Directors granted, on November 27, 2019, a total of 1,450,000 stock options to directors and officers and to one employee of the Company. Pursuant to the terms of the Company’s stock option plan, each option entitles the holder thereof to purchase one common share of the Company at a price of $0.125 per share until no later than November 26, 2024.

Contact:
Philippe Cloutier
President and CEO
Cartier Resources Inc.
Telephone: (819) 874-1331
Toll free: 877 874-1331
Fax: (819) 874-3113

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

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Goldplay Exploration: Deep Silver Veins in Mexico

Marcio Fonseca wears two hats, ten years of investment banking with Macquarie Bank, but trained as an exploration/project/resource geologist. His company, Goldplay (V.GPLY) uses his investment banking know-how to finance what is clearly his real passion, the discovery of high-grade mineral deposits.

I spoke to him about Goldplay’s most recent news where it reported the results of four holes drilled at its  San Marcial Project, Sinaloa, Mexico. The holes were drilled in a 300-meter section within a six-kilometre mineralized corridor. Goldplay has already reported a 43-101 compliant resource of 47 million silver ounces equivalent at the western end of the property. But now Fonseca and his team wanted to not only expand the resource down dip but along strike but also delineate new gold and silver discoveries approximately 1.5 km to the east to support the concept that the San Marcial has a geological setting for the discovery of high-grade mineral deposits.

“This is the first ever drilling program in the Nava area,” said Fonseca. “Until now we have only had surface samples but these were very positive.”

Goldplay drilled two sections three hundred meters apart. There had been previous artisanal activity in the area which provided a guide to Goldplay. Goldplay encountered the veins it was looking for, trenched the area, and hit a 24m interval grading 2.11 g/t gold.

“We were confident that there was a high concentration of metal,” Fonseca said. “The artisanal miners really only scratched the surface.”

Goldplay did more than scratch the surface. They trenched and reported the results. They found significant gold mineralization at two locations along the corridor. That suggested veins.

“We wanted to see if the veins go deep,” said Fonseca. “If they were consistent and if they were high grade.”

In the November 25 news release, Fonseca states, “We are pleased to report the mineralized intercepts, including high-grade silver, in the maiden drill program at San Marcial’s Nava Target. Goldplay’s 2019 field studies mark the first time in approximately ten years that any type of exploration has been carried out at the project. The encouraging results warrant further exploration, advancing the Company’s objective of resource expansion of San Marcial.”

Completely accurate but it misses the real excitement of the reported results.

“In hole 19-02 we’ve found a vein carrying a lot of silver,” Fonseca said on the phone. A lot being one kilogram per ton. Now, it is a short interval, less than 20 centimetres. But that makes sense as the hole was drilled at an angle to catch the other veins.

Interestingly, the veins at Nava are pretty much vertical. If a company wanted to drill a “marketing hole” it would be a fairly easy job to drill, more or less, straight down and try and track the vein. Great headlines but not a lot of information about the geological structure of what looks to be a rich deposit.

“These results make me more confident that there is an epithermal system there,” said Fonseca. “Hole 19-05 was drilled directly beneath artisanal workings. This was not an actual mine, but the artisanal miners were scratching the veins.”

“We think we are on the upper level,” said Fonseca, referring to indications of a low sulphidation epithermal system at Nava. “At the top, there is predominantly gold, then gold/silver, then silver, and a little evidence of the presence of zinc and lead, opening up the potential for expansion of mineralized zone down dip

The drilling itself was relatively shallow. At most 200 meters in length but, because of the angle, no more than 100 meters from surface.

Fonseca, said he would have loved to drill deeper and longer to see if the two systems Goldplay identified linked up at depth.  However, paying attention to the costs and to the actual story is very important at this stage.

A series of productive veins, beginning near surface, with good to excellent grades very strongly suggests a chance for resource expansion along the mineralized corridor on new targets. The veins themselves, in both target zones, are relatively close together which means that a pit design need not be huge to get to the mineralized material.

There is still plenty of work to do and Goldplay raised 3 million dollars in an oversubscribed private placement of only common shares . However, Fonseca has managed to keep the number of Goldplay shares outstanding to around 80 million, bringing in new blue chip investors such as well-known resource funds

As the work progresses on the San Marcial Project there is every chance that Goldplay will add a second drill rig and continue not only surface drilling but initiate underground development in the resource area for an underground drilling program.  This will substantially expand the existent high-grade silver, 43-101 compliant, resource not along strike through shallow drill holes but also down dip on continuity of high-grade intersections defined in the resource area ( > 1kg/t Ag).

 

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Cartier Drilling Below Zones 5B4-5M4-5NE Discovery at Chimo Mine

Highlights:

  • Re-launch of Phase III drilling under recently discovered Zones 5B4-5M4-5NE, which returned excellent results last June contributing to the Central Gold Corridor resources (FIGURE 1);
  • Ongoing completion of the North and South Gold Corridor resource estimate for the Chimo Mine property (FIGURE 2);
  • Planning is underway for Phase IV drilling on the periphery of Zone 6N1 (FIGURE 3)
November 27th Press Release – Plan View of Gold Corridors
191127_Figure_Plan View
November 27th Press Release – Plan View of Gold Corridors
Ressources Cartier inc.

VAL-D’OR, Quebec, Nov. 27, 2019 (GLOBE NEWSWIRE) — Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) announces that it has resumed Phase III drilling on the Chimo Mine property, located 45 km east of Val-d’Or. Two drills are currently exploring the geometric extensions of Zones 5B4-5M4-5NE gold discovery, that follow excellent results reported last June (5.6 g/t Au over 8.5 m including 9.9 g/t Au over 3.0 m and 8.3 g/t Au over 2.5 m, all included in a mineralized envelope of 27.8 m grading 2.5 g/t Au). This program consists of 7,000 m of directional drilling and targets a dozen intersections in the gold zones, via 2 pilot holes.

“Drilling on Zones 5B4-5M4-5NE, recently led to the development of new gold resources and currently represents the best exploration potential on the property,” commented Philippe Cloutier, President and Chief Executive Officer, adding that “this potential is in addition to the current resource estimate of the North and South Gold Corridor as well as the drilling of Zone 6N1.”

Mineralization of the Chimo Mine property consists of 25 gold zones within 16 gold structures, that are grouped into three gold bearing corridors (FIGURE 2). On November 5th, via its press release titled: Cartier Publishes its First Mineral Resource Estimate of the Central Gold Corridor on the Chimo Mine property, the company reported its first resource estimate for the Chimo Mine property. The resource estimate was produced on the Central Gold Corridor which hosts Zones 5B, 5B2, 5B4, 5C, 5M, 5M2, 5M3, 5M4, 5N, 5NE and 6N1. Using a gold price of US $ 1,292 per ounce and a cut-off grade of 2.5 g/t Au the resource estimated yielded:

  • 461,280 ounces of gold in the indicated resource category from 3,263,300 tonnes at an average grade of 4.40 g/t Au;
  • 417,250 ounces of gold in the inferred resource category from 3,681,600 tonnes at an average grade of 3.53 g/t Au;

A resource estimate is in progress for the Northern Gold Corridor which consists of Zones 1A, 1B, 2B, 2, 2W, 3, 3E, 3W, 4B and 4B2 as well as for the Southern Gold Corridor which consists of Zones 6, 6B, 6P and 6P2 (FIGURE 2).

In addition, approximately 4,000 m of drilling is being planned to explore the peripheral extensions of Zone 6N1, which is only 125 m away from the underground infrastructure (FIGURE 3).

Chimo Mine Project Highlights

  • Cartier holds a 100% interest in the property for which 1% NSR (”Net Smelter Return”) royalty has been granted to IAMGOLD Corporation. No rights of first refusal (”buy-back”) have been granted.
  • The property, which is accessible year-round, is located near 6 mils in the Val-d’Or area.
  • Fourteen gold zones were exploited by 3 producers between 1964 and 1997 for a production of 379,012 ounces of gold (MERN DV 85-05 to DV-97-01).
  • The mining infrastructure consists of a network of drifts over 7 km, distributed over 19 levels and connected by a 5.5 m x 1.8 m 3 compartment shaft with a depth of 920 m. Twenty sublevels and raises are also present. The headframe and the surface installations were dismantled in 2008 but the 25 kV power line and the sandpit are still in place.
  • The recent drilling of Phases I, II and III, completed to date by Cartier on the Chimo Mine property, consists of 109 holes totaling 49,251 m. This work demonstrated the continuity of the main 5B and 5M gold zones under the existing mining infrastructure, explored the extensions of 19 gold zones peripheral to the main zones and explored the extensions of the 7 gold zones that were prioritized, which allowed the discovery of the Zones 5B4-5M4-5NE (FIGURE 1) and to develop the potential of Zone 6N1. These areas have excellent potential to deliver future discoveries.

Qualified Persons
The scientific and technical information of the Company and the Chimo Mine Project, included in this news release, have been prepared and reviewed by Messrs. Gaétan Lavallière, P. Geo., Ph.D., Vice President and Ronan Déroff, P.Geo, M.Sc., Senior Geologist, Project Manager and Geomatician, Qualified Persons as defined by NI 43-101. Mr. Lavallière approved the information contained in the press release.

Quality Assurance / Quality Control
The analytical results, derived from Cartier’s drilling, were obtained from samples measured along the drill core. The estimated true thickness averages about 65% of the measured apparent length. NQ core samples are crushed up to 80% passing an 8 mesh (2.36 mm) and then pulverized up to 90% passing a mesh of 200 mesh (0,07 mm). Cartier inserts 5% of the number of samples in the form of certified standards and another 5% in the form of blank samples to ensure quality control. The samples are analyzed at the Techni-Lab laboratory (Actlabs), located in Ste-Germaine-Boulé (Quebec). The 50 g pulps are analyzed by fire assay and read by atomic absorption, followed by gravimetry for results above 5.0 g/t Au. For samples containing visible gold, 1000 g of rock are analyzed by the ”Metallic Sieve” method.

About Cartier Resources Inc.
Cartier Resources Inc., founded in 2006, is based in Val-d’Or, Quebec. The province has consistently ranked as one of the best mining jurisdictions in the world, primarily because of its favorable geology, attractive fiscal environment and pro-mining government. In 2019, the Fraser Institute ranked Quebec the fourth best in the world in terms of attractiveness for mining investments.

  • The company has a strong cash position with more than $ 8.1 million, as well as a significant corporate and institutional endorsement including Agnico Eagle Mines, JP Morgan UK and Quebec investment funds.
  • Cartier’s strategy is to focus on gold projects with features that offer the potential for rapid growth.
  • The Company holds a portfolio of exploration projects located in the Abitibi Greenstone Belt in Quebec, one of the most prolific mining regions in the world.
  • The company is focused on advancing its 4 key projects through drilling programs. All of these projects were acquired at reasonable costs in recent years. All are drill-ready with targets along the geometric extension of known gold deposits.
  • Exploration work is currently focused on the Chimo Mine property to maximize value for investors. The preparation of the next exploration work is underway to carry out drilling programs respectively on the Benoist, Fenton and Wilson properties.
For more information, please contact:
Philippe Cloutier, P.Geo.
President and CEO
Telephone: 819 856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com
Investor Relations:
Relations Publiques Paradox
514 341-0408

Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c0c6b04a-eda6-4384-b0c0-fd524c7ca520

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Goldplay Grants Stock Options

Goldplay Exploration Ltd. (TSXV: GPLY, OTCQB: GLYXF) (“Goldplay” or the “Company”), is pleased to announce that the Company has granted 1,370,000 stock options to directors, officers, and consultants of the company at an exercise price of $0.185 per option for a term of five years. Such options have been granted pursuant to the company’s 10-per-cent rolling stock option plan and are in accordance with TSX Venture Exchange policies.

About Goldplay Exploration Ltd.

Goldplay has successfully consolidated a district-sized portfolio, owning >250 sq. km of mineral concessions in the historic Rosario gold-silver Mining District in the state of Sinaloa, Mexico. Its flagship project, San Marcial, consists of a 1,250 ha land package located south of the La Rastra and Plomosas historic mines. San Marcial is a near-surface, high-grade silver, lead, and zinc open pit amenable project for which a NI 43-101 resource estimate was completed by Goldplay in early 2019. Additionally, high-grade gold was drilled in July 2019 at San Marcial, opening up the potential for further gold success. Goldplay’s 100% owned El Habal precious metals project is located 20 km west of the San Marcial Project. It comprises 3,700 hectares and is located 75 km southeast of the modern coastal port of Mazatlán, and 10 km on a paved road from the historic mining town of Rosario, Sinaloa, Mexico.

Goldplay’s current focus includes expanding its NI 43-101 resource estimate at the San Marcial project, which contains 36Moz Ag Eq (indicated) + 11Moz Ag Eq (Inferred), by defining new high-grade gold and silver targets along the project’s 6 km mineralized trend. Goldplay is the first company to perform exploration work at San Marcial in over 10 years. It is a low-risk development stage project, fully exploration permitted and supported by the local communities to carry out all proposed exploration activities. Only 500 m of the 6 km trend has been drilled to date, highlighting the significant potential for further discoveries. The Company has identified 8 high-priority targets along the 6 km trend and is currently drilling two high-priority targets at Faisanes and Nava. Some of these exploration targets consist of old shallow pits, caved shafts and historic shallow underground workings in areas with extensive hydrothermal alteration, hosted by major regional structures in a felsic volcanic environment. Mapping and sampling by Goldplay have revealed evidence of dacite-rhyolite dome structures in a highly prospective geological environment for additional high-grade gold and silver discoveries.

The El Habal Project is a drill-stage project. Its oxidized gold mineralized zone outcrops along a series of rolling hills with evidence of historic shallow underground mining along a 6 km-long prospective corridor. The El Habal Project is located near the historic gold-silver Rosario Mine which operated for over 250 years.

Goldplay’s team has over 30 years of experience with senior roles in exploration, financing, and development in the mining industry, including over ten years of extensive exploration experience in the Rosario Mining District, leading to previous successful discoveries.

The NI 43-101 reports for each of the San Marcial and El Habal Projects are available on SEDAR.

Disclaimer for Forward-Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company. Risks and uncertainties may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Mr. Marcio Fonseca
P. Geo, President & CEO
Goldplay Exploration Ltd.

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

SOURCE Goldplay Exploration Ltd

For further information: +1 (604) 202 3155, Email: info@goldplayexploration.com

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Aben Reports Final Drill Results from 2019 Exploration Program and Completes Earn-in for the Forrest Kerr Gold Project in BC’s Golden Triangle

Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) has received and interpreted analytical results from the final seven drill holes (FK19-64 to 70) of the 2019 drill exploration program conducted at the Forrest Kerr Gold Project in the Golden Triangle region of British Columbia. Five of these drill holes were collared in the far south of the Boundary Valley with two holes completed at the Forrest prospect, located 14 km SSW from Boundary. The second and final phase of drilling in 2019 tested for precious and base-metal mineralization associated with structures and along geologic contacts located outboard from known mineralization toward the margins of the large hydrothermal system present on this part of the Forrest Kerr Property.

Forrest Kerr Project, Golden Triangle, B.C., location map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg

2019 Forrest Kerr Program Highlights:

  • 9622 meters (“m”) in 25 holes, 214 soil samples, 128 rock samples and 173 line-km’s of magnetic geophysical survey completed during 2019
  • High-grade gold mineralization reported in numerous holes at North Boundary Zone within a broad mineralization & alteration halo
  • 500m-long gold-mineralized corridor delineated at South Boundary Zone, open in all directions
  • Drilling at South Boundary encountered sediment-hosted rift-related VMS style mineralization within rocks analogous to the Eskay Creek precious metal deposit, located 30 km to the southeast of Forrest Kerr
  • 100% earn-in completed, with overall project area now encompassing over 23,000 hectares
  • Numerous high-priority drill targets remain untested

2019 Phase 2 Drill Hole summary:

Holes FK19-64 & 65, drilled in a scissor pattern, further delineated a consistently gold- mineralized corridor at South Boundary that measures greater than 500 meters along strike by 150 meters across. The mineralized corridor shows consistent mineralization which has been encountered in multiple (7) drill holes. The zone remains open to the north, south and at depth.  The zone disappears under considerable cover to the north but geophysical data indicates that it likely extends several hundred meters toward the high-grade gold occurrence discovered at North Boundary (1.5 km North). FK19-64 averaged 0.17 g/t Au over 100m (31.0-131.0m depth), with gold values ranging from trace to a high of 4.09 g/t Au over 1.0m.  FK19-65 returned an average grade of 0.13 g/t Au over 71.0 meters (274.0-345.0m downhole depth).

A cross-sectional view of the gold mineralization present in holes 62 through 65 is linked below.

Forrest Kerr Cross Section for Holes FK19-62 to FK19-65:
https://abenresources.com/site/assets/files/5002/southboundaryholes-62-65-xsection.jpg

Holes FK19-66 to 68 tested the outer margins of a complex structural zone that dominates the southern extent of the Boundary valley. Hole 66 intersected widespread moderate to strong alteration associated with breccias and sheared horizons. A 1m wide quartz vein at 133.0m depth returned 0.65 g/t Au, 33.60 g/t Ag, 3070 ppm Pb and 13,150 ppm Zn within a 6m envelope that averaged 8.10 g/t Ag.  Hole 67 encountered anomalous 1m gold values of up to 0.12 g/t, while Hole 68 (drilled from the same pad) intersected intermittent anomalous gold values ranging from trace to 0.54 g/t Au.

Forrest Kerr South Boundary Zone Drill Hole map:
https://abenresources.com/site/assets/files/5002/southboundarydrillholesnrnov20.jpg

The final two drill holes of 2019 were completed at the Forrest zone, located 14km south of the Boundary Valley. Targeting a strong gold-in-soil anomaly and a distinct conductive anomaly identified in a 2013 airborne VTEM geophysical survey, Hole FK 19-69 encountered intrusive and sedimentary rocks with strong to moderate alteration throughout. The hole was stopped at a downhole depth of 392m in a strongly sheared limestone unit due to difficult drilling conditions and allowed for only a partial test of the geophysical conductor. The hole did not encounter significant mineralization. Hole FK 19-70 intersected the upper portion of the soil anomaly and returned 0.46 g/t Au and 1.13 g/t Ag over 10 meters (93-103m depth) from a quartz-veined horizon.

The completion of drilling satisfies the final expenditure requirements outlined in the 2016 Option Agreement on the Forrest claim block and thereby enables Aben to claim 100% ownership of the Forrest Kerr Property.

Airborne Magnetic Survey from Boundary Zone on the Forrest Kerr Project:
https://abenresources.com/site/assets/files/1/Forrest-Kerr-Mag-Images-from-Boundary.pdf

Analytical and QA/QC description:

All 1- or 2-meter drill core samples were delivered to ALS Global prep facility in Terrace, British Columbia where they were crushed until 70% passed a 2mm sieve, then a 250g split was pulverized until better than 85% passed a 75-micron screen. Gold was tested via fire assay method Au-ICP21 with all ore-grade samples (>10 g/t) undergoing fire assay with gravimetric finish. ALS performed multi-element ICP-AES package ME-ICP41 in their Vancouver facility to test for 35 other elements. In addition to the quality assurance and quality control program performed by ALS, Aben personnel insert lab certified standards, field blanks and duplicates into the sample stream at the rate of one QA/QC sample in every 10 samples.

Cornell McDowell, P.Geo., V.P. of Exploration for Aben Resources, has reviewed and approved the technical aspects of this news release and is the Qualified Person as defined by National Instrument 43-101.

About Aben Resources:

Aben Resources is a Canadian gold exploration company developing gold-focused projects in British Columbia and the Yukon Territory. Aben is a well-funded junior exploration company with over $1.5 million in the Company’s treasury.

For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s web site at www.abenresources.com.

ABEN RESOURCES LTD.

“Jim Pettit”
______________________
JAMES G. PETTIT
President & CEO

For further information contact myself or:
Don Myers
Aben Resources Ltd.
Director, Corporate Communications
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com

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

This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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White Gold Corp. Makes New High-Grade Gold Discovery Intersecting 72.81 g/t Au over 6.09m from 10.67m Depth, including 136.36 g/t Au over 3.05m from 12.19m Depth Within a Broader Mineralized Zone on Titan Target, Hen Property, Yukon

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce the first ever drill results on the Titan target, Hen property, Yukon. Rotary-Air-Blast (“RAB”) drilling followed up on high-grade prospecting and GT Probe results and intercepted 72.81 g/t Au over 6.09m from 10.67m depth, including 136.36 g/t Au over 3.05m at 12.19m depth within a 32m zone of mineralization, one of the strongest drill holes ever in the White Gold District, Yukon, Canada. The Titan is the most recent high-grade near surface gold discovery generated by the Company’s methodological data driven exploration strategy. The Titan is located on the road-accessible Hen property and consists of a 650m x 650m gold in soil anomaly with multiple other prospective targets that show similar geophysical characteristics to the mineralization encountered in these drill holes. The Company’s previous exploration results on the Titan include grab samples of 605 g/t Au, 497 g/t Au, and 113 g/t Au and soil samples of up to 113 g/t Au, being the highest soil value ever recorded within the Company’s White Gold District database of 400,000+ soil samples. 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) includes 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.

Highlights Include:

  • First ever drilling on the Titan intersected 72.81 g/t Au over 6.09m from 10.67m depth, including 136.36 g/t Au over 3.05m, within a 32m zone of mineralization and remains open in all directions.
  • Previous Titan exploration results include grab samples of 605 g/t Au, 497 g/t Au, and 113 g/t Au with fine grained visible gold observed, and soil samples of up to 113 g/t Au, the highest ever in the Company’s 400,000+ soil sample database.
  • The Titan target hosts multiple other untested targets across a 650m x 650m magnetic anomaly with similar geophysical characteristics to those of the drilled mineralization.
  • Titan is located on the road-accessible Hen property, contiguous to the JP Ross property, less than 15km from the Vertigo discovery and 25km from the Golden Saddle & Arc deposits.
  • Additional regional exploration activity & drill results from the White Gold and JP Ross properties to be released in due course.

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

“We are very excited about the drill results confirming the discovery of high-grade, near-surface gold mineralization. These results represent the first pass drilling on the new Titan discovery, and are another successful demonstration of our methodical data-based exploration strategy, including our step by step approach of a regional soil program, ground geophysical surveys, GT probing, trenching, geological mapping and other activities. The process led us to directly target this unique magnetite rich mineralization, and again demonstrate that the White Gold District is very prospective ground for various styles of gold mineralization. Follow up activity on the property will be very interesting as we have already identified multiple additional targets within 400 meters of the Titan discovery,” stated Shawn Ryan, Chief Technical Advisor.

Titan Discovery, Hen Property
The Titan discovery is located on the road-accessible Hen property, contiguous to the JP Ross property, approximately 15km north west of the Vertigo discovery and approximately 25km north east of the Golden Saddle & Arc deposits on the White Gold property. The Hen property is situated within a prolific placer mining camp where abundant, coarse placer gold has been recovered from creek gravels on North Henderson Creek immediately east of the Titan.

After soil samples collected on the target returned the highest grade ever noted in the Company’s soil database with results up to 113 g/t Au, announced earlier this year, prospecting samples were collected across the Titan. Mineralized material consisted of strongly sheared and oxidized mafic rocks with disseminated to massive magnetite, fine grained visible gold and strong calc-silicate alteration in the surrounding alteration halo. Assays for the samples returned 78.3 g/t Au, 113 g/t Au, 497 g/t Au, and 605 g/t Au. All are associated with elevated Bi, Cu (up to 0.17%), Fe (up to 36.1%), P (up to >1%) and U.

These high-grade drill results, prospecting samples, soil samples and other positive exploration results are particularly significant as they are the first occurrence of mineralization ever discovered on the Hen property, which has previously seen only limited reconnaissance-stage ridge and spur soil sampling and no drilling. The Company continues to plan and perform follow-up work to obtain an initial estimate of the potential size, scale and number of mineralized gold structures. Based on these strong prospecting, GT Probe and soil results the RAB drilling on Titan was fast tracked in order to complete a preliminary program this field season and gain insight on the target to plan for a more comprehensive program in 2020.

Titan RAB Drill Results
Three RAB drill holes were placed on the Titan totalling 220.97m as an initial drill test and follow up to previously announced high-grade soil, GT Probe, and rock grab sample results. The first two holes were drilled to the north of the discovery pit and oriented due west at a dip of -60o beneath a northly trending magnetic high feature which is interpreted to be associated with gold mineralization on the target. The third was drilled immediately south of the discovery pit and drilled vertically. Individual assays for the drilling ranged from trace to 226 g/t Au. The individual drill sites will be discussed below with their location referenced to the discovery pit.

HENTTN19RAB-01
Hole 1 was collared 20m to the east-northeast of the initial discovery pit and cut the sheared contact that hosts mineralization and was drilled beneath the plunging shoot where mineralization occurs.

HENTTN19RAB-02
Hole 2 was collared 33m to the north of Hole 1 and approximately 45m north-east of the discovery pit. The hole returned a significant zone of mineralization consisting of 72.81 g/t Au over 6.09m from 10.67m depth, including 136.36 g/t Au over 3.05m from 12.19m depth. The high-grade interval consisted of two 1.52m samples returning 47.3 g/t Au and 226 g/t Au.

The high-grade interval occurs at the top of a broader interval that returned 32m of 14.82 g/t Au, and consistently anomalous mineralization (>0.1 g/t Au) is noted further down the hole to a depth of 83.82m. It is currently unclear if mineralization noted below the high-grade interval is in-situ or potentially cross-contaminated, however, the assays do correspond with elevated resistivity and magnetic susceptibility measurements to approximately 40m depth indicating the mineralization may be in place. Completed assay results for the hole is included in the table below.

HENTTN19RAB-03
Hole 3 was located at the southern end of the discovery pit and drilled vertically, with the purpose of testing the near surface mineralization observed in the pit and was drilled to 19.81m depth, with 1.52m of 2.24 g/t Au returned from surface. The hole was drilled immediately south of where the mineralized shoot projects to surface and appears to have only clipped the mineralization at the top of the hole.

Significant drill results are detailed in the table below. There is not enough information to assess true thickness of mineralization intersected by the drilling at this time.

Table 1: Summary Table of Titan RAB Drilling Results

Hole IDFrom (m)To (m)Length (m)Au (g/t)
HENTTN19RAB-00210.6742.6732.0014.82
incl.10.6716.766.0972.81
incl.12.1915.243.05136.36
HENTTN19RAB-0030.001.521.522.44


Preliminary Interpretation
Based on currently available data, including surface and drill hole geochemistry, geophysics, and structural measurements from the discovery pit and optical downhole televiewer surveys on the RAB holes, gold mineralization on the Titan is currently interpreted to occur along discrete high-grade, shallowly north plunging, shoot(s) along a NW striking, NE dipping shear contact between an upper mafic to ultramafic unit and lower metasedimentary units.

The mineralization has a strong relationship with elevated Bi-Cu-Fe-P+/-U and is associated with strong shearing, semi-massive to massive magnetite, calc-silicate alteration, and fine-grained visible gold within the mafic to ultramafic units.

One shoot has been initially drill tested on the Titan and based on the current interpretation it is exceptionally high-grade, near-surface, and open in all directions. Additionally, the mineralization has a strong association with magnetite and associated, northly trending, magnetic high in geophysical surveys over the target. Multiple additional northly trending magnetic highs are noted across the Titan and may represent additional, untested, trends of mineralization.

Hole HENTTN19RAB-001 cut the sheared contact that hosts mineralization, and was drilled beneath the plunging shoot where mineralization occurs. Additionally, hole HENTTN19RAB-003 was drilled immediately south of where the mineralized shoot projects to surface and only clipped the mineralization at the top of the hole. This is visualized in a long-section across the Titan, and is still early to determine on what is controlling the interpreted plunge and localization of the mineralization.

Table 2: Complete Assay Results for HENTTN19RAB-02

From (m)To (m)Interval (m)Au (g/t)
0.001.521.520.022
1.523.051.520.031
3.054.571.520.268
4.576.101.520.122
6.107.621.520.185
7.629.141.520.20
9.1410.671.520.24
10.6712.191.529.54
12.1913.721.5247.30
13.7215.241.52226.00
15.2416.761.528.57
16.7618.291.520.702
18.2919.811.520.983
19.8121.341.523.70
21.3422.861.521.46
22.8624.381.521.29
24.3825.911.520.886
25.9127.431.521.255
27.4328.961.520.531
28.9630.481.521.14
30.4832.001.520.678
32.0033.531.522.88
33.5335.051.520.322
35.0536.581.520.374
36.5838.101.520.342
38.1039.621.520.369
39.6241.151.520.369
41.1542.671.522.56
42.6744.201.520.333
44.2045.721.520.382
45.7247.241.520.133
47.2448.771.520.714
48.7750.291.520.294
50.2951.821.520.149
51.8253.341.520.257
53.3454.861.520.217
54.8656.391.520.288
56.3957.911.520.39
57.9159.441.520.133
59.4460.961.520.08
60.9662.481.520.252
62.4864.011.520.343
64.0165.531.520.358
65.5367.061.520.09
67.0668.581.520.265
68.5870.101.520.245
70.1071.631.520.167
71.6373.151.520.079
73.1574.681.520.468
74.6876.201.520.174
76.2077.721.520.05
77.7279.251.520.062
79.2580.771.520.11
80.7782.301.520.048
82.3083.821.520.457
83.8285.341.520.009
85.3486.871.520.03
86.8788.391.520.0025
88.3989.921.520.022
89.9291.441.520.007
91.4492.961.520.087
92.9694.491.520.05
94.4996.011.520.062
96.0197.541.520.05
97.5499.061.520.045
99.06100.581.520.027

The Company also announces that Andrew Hamilton P.Geo, Senior Geologist with the Company, has been promoted to Exploration Manager. Jodie Gibson P.Geo will step down as VP Exploration and continue to support the Company as a Technical Advisor.

QA/QC
The analytical work for the 2019 drilling program will be performed by ALS 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 RC chip and diamond core samples will be prepared using procedure PREP-31H (crush 90% less than 2mm, riffle split off 500g, pulverize split to better than 85% passing 75 microns) and analyzed by method Au-AA23 (30g fire assay with AAS finish) and ME-ICP41 (0.5g, aqua regia digestion and ICP-AES analysis). Samples containing >10 g/t Au will be reanalyzed using method Au-GRAV21 (30g Fire Assay with gravimetric finish).

The reported work will be completed using industry standard procedures, including a quality assurance/quality control (“QA/QC”) program consisting of the insertion of certified standard, blanks and duplicates into the sample stream.

About White Gold Corp.
The Company owns a portfolio of 22,040 quartz claims across 35 properties covering over 439,000 hectares representing over 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 1,039,600 ounces Indicated at 2.26 g/t Au and 508,700 ounces Inferred at 1.48 g/t Au. 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 Newmont Goldcorp Corporation with a M&I gold resource(1) of 3.4M 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.

Qualified Person
Jodie Gibson, P.Geo., Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects, 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, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s 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:; expected benefits to the Company relating to exploration conducted and proposed to be conducted at the Company’s properties; 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 Company’s 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 in the most recently filed management’s discussion and analysis of the Company. 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 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.
(647) 930-1880
ir@whitegoldcorp.ca

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