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White Gold Corp
Symbol WGO
Shares Issued 109,875,038
Close 2019-02-19 C$ 1.30
Market Cap C$ 142,837,549
Recent Sedar Documents

White Gold drills 35 m of 3.26 g/t Au at White Gold

2019-02-20 08:02 ET - News Release

Mr. David D'Onofrio reports

WHITE GOLD CORP. FURTHER EXPANDS GOLDEN SADDLE DEPOSIT GEOLOGICAL MODEL DRILLING 3.26 G/T GOLD OVER 35M, DEFINES NEW GOLD ZONES IN THE HANGING WALL AND ALSO INTERSECTS ADDITIONAL HIGH-GRADE MINERALIZATION AT RYAN'S SHOWING DISCOVERY DEMONSTRATING STRUCTURAL CONTINUITY

White Gold Corp. has released additional drill results from its Golden Saddle deposit and the new Ryan's showing discovery on its White Gold property, Yukon, Canada. Drilling on the Golden Saddle identified new zones of high-grade gold mineralization in the Golden Saddle Upper zone which is above the Golden Saddle Main zone. The drilling also added additional continuity to the geological model, infilling gaps and significantly increasing the thickness of mineralization in the GS Main zone in certain areas.

Follow-up drilling on the newly discovered Ryan's Showing mineralized zone further defined the geometry and orientation of the mineralization of the discovery and infilled a 105 m gap between the initial discovery holes, demonstrating continuity and providing a better understanding of the structural controls, which remain open along strike and at depth. The company is currently in the process of finalizing its fully financed 2019 exploration plan with details to be released in due course.

Highlights include:

  • Drilling above the GS Main zone demonstrates strong potential for a series of additional mineralized zones within the hangingwall (GS Upper zone) that were not previously recognized as most of the historic drilling on the target was oriented subparallel to these zones.
  • Golden Saddle hole WHTGS18D0196 returned two significant zones of mineralization: 2.39 grams per tonne gold over 34 m from 31 m depth (GS Main zone) and 1.62 g/t Au over 19 m from 265 m depth (GS Footwall zone); expanding the width of the GS Main zone by approximately 60 per cent in this area and demonstrating additional downdip continuity along the GS Footwall zone.
  • Golden Saddle hole WHTGS18RC0022 returned 3.26 g/t Au over 35.05 m from 160 m ending in mineralization (GS Main zone), including 5.69 g/t Au over 16.76 m, expanding the width of the GS Main zone by approximately 60 per cent in this area.
  • Additional drilling on the Golden Saddle infilled several historical gaps in the geological model and also expanded mineralization in the geological model in each location.
  • Ryan's Showing hole WHTRS18D0006 returned two significant zones of mineralization: 4.52 g/t Au over 6.06 m from 179 m depth and 1.32 g/t Au over 10.00 m from 200 m depth, infilling a previous 105 m gap between the initial discovery holes showing greater continuity.
  • Drilling on Ryan's Showing further defined the shape and orientation of mineralization, providing valuable information to define the geological model and direct follow-up drilling on the target, which remains open along strike and at depth.

"Our 2018 program on the Golden Saddle deposit focused on building ounces through expansion of the known deposit and the discovery of satellite deposits in the immediate vicinity. We are extremely pleased to have had considerable success on both fronts, expanding the footprint of the Golden Saddle, building the thickness and grade of mineralization within the resource boundary, as well as making the significant GS West and Ryan's Showing discoveries along trend with Golden Saddle," stated David D'Onofrio, chief executive officer. "The proximity of the GS West to the Golden Saddle and high-grade results on the Ryan's Showing make them both very compelling targets which warrant follow-up drilling. We believe that we are just beginning to define these satellites of the Golden Saddle deposit and are very optimistic for the prospects for these new discoveries to add ounces to our global resources, and for the potential of additional discoveries along trend and in close proximity to our Golden Saddle deposit."

Golden Saddle drilling update

Results for an additional three diamond drill holes and five reverse circulation (RC) drill holes have been received for the Golden Saddle. Diamond drill holes WHTGS18D0195 and 196 and RC holes WHTGS18RC0020 to 0024 were drilled in fences across the Golden Saddle deposit area oriented to the southwest, oblique to the primary trend of mineralization. The drilling was conducted to improve geologic modelling of the deposit and test for mineralization along lithologic contacts and/or structures perpendicular to the main body of mineralization, particularly in the hangingwall of the deposit (GS Upper zone). Individual assays for the drilling range from trace up to 18 g/t Au.

The drilling at Golden Saddle successfully demonstrates strong potential for a series of shallow northwest-trending, steeply northeast-dipping zones of mineralization within the hangingwall of Golden Saddle, above the GS Main zone. These zones appear to be occurring along lithologic contacts oriented oblique to the primary trend (northeast) and dip (about 55 degrees) of mineralization with the GS Main zone, and were not previously recognized as most of the historic drilling on the target was oriented subparallel to these contacts. Geologic modelling of these additional zones is currently in progress to ensure they are adequately captured in future resource updates on the project.

Significant drill results from the Golden Saddle included in this release are detailed in the associated table.


Hole ID                  From            To           Int            Au
                          (m)           (m)           (m)         (g/t)

WHTGS18D0195            81.40         82.45          1.05          5.29
and                     89.00         95.38          6.38          1.44
and                    148.00        166.83         18.85          1.99
incl.                  152.00        155.00          3.00          5.85
and                    353.55        356.00          2.45          3.82
WHTGS18D0196            31.00         65.00         34.00          2.39
incl.                   37.00         61.47         24.47          3.21
incl.                   44.35         49.00          4.65          7.37
and                    265.00        284.00         19.00          1.62
incl.                  276.00        284.00          8.00          2.44
WHTGS18RC0021          161.54        196.60         35.05          0.73
including              161.54        173.74         12.19          1.40
including              167.64        169.16          1.52          4.34
WHTGS18RC0022*         160.02        195.07         35.05          3.26
including              169.16        185.93         16.76          5.69
including              169.16        173.74          4.57          8.08
and                    181.36        185.93          4.57          9.59
WHTGS18RC0024           36.58         41.15          4.57          0.99
and                    102.11        118.87         16.76          2.84
including              102.11        112.73         10.67          3.34
including              102.11        103.63          1.52          9.74

* Hole ended in mineralization                       
The reported mineralized intercepts range from an estimated 65 to 95 
per cent of true thickness.
 
  

WHTGS18D0195

WHTGS18D0195 was drilled 150 m southwest of previously announced hole WHTGS18D0193 (3.95 g/t Au over 68 m from 210 m depth, including 5.42 g/t Au over 47.3 m from 225.7 m). The hole returned mineralized intercepts of 5.29 g/t Au over 1.05 m from 81.40 m depth, and 1.44 g/t Au over 6.38 m from 89 m depth (GS Upper zone); 18.85 m of 1.99 g/t Au from 148 m depth, including 5.85 g/t Au over three m from 152 m depth (GS Main zone) and 3.82 g/t Au over 2.45 m from 353.55 m depth (GS Footwall zone).

WHTGS18D0196

WHTGS18D0196 was drilled 130 m southwest of WHTGS18D0195 and returned 2.39 g/t Au over 34 m from 31 m depth, including 3.21 g/t Au over 24.47 m from 37 m depth and 7.37 g/t Au over 4.65 m from 44.35 m depth (GS Main zone). An additional zone of 1.62 g/t Au over 19 m from 265 m depth was also intercepted (GS Footwall zone). The hole infilled a 65 m previous gap in the geological model between WD-092 and WD-009 and expanded the geologic model by 14 m in the area.

WHTGS18RC0021

WHTGS18RC0021 was drilled 75 m to the southwest of WHTGS18RC0020. The hole cut three lithologic contacts down the hole and ended immediately above the GS Main zone. Similar to WHTGS18RC0020, alteration and anomalous mineralization were noted at each contact, strengthening down the hole it approached the GS Main zone. The most significant intercept consisted of 12.19 m of 1.40 g/t Au from 161.54 m depth within a broader interval of 35.05 m of 0.73 g/t Au.

WHTGS18RC0022

WHTGS18RC0022 was drilled 75 m to the southwest of WHTGS18RC0021. The hole intersected the GS Main zone at 160.02 m depth and returned 35.05 m of 3.26 g/t Au, including 16.76 m of 5.69 g/t Au from 169.16 m depth, ending in mineralization at 185.93 m depth. The hole infilled a 55 m previous gap in the geological model between WD-016 and WHTGS18D0176 and expanded the width of the geologic model by 15 m in the area.

WHTGS18RC0024

WHTGS18RC0024 was drilled 75 m to the southwest of WHTGS18RC0023. The hole returned two significant intercepts including 0.99 g/t Au over 4.57 m from 36.58 m depth within the hangingwall above the GS Main zone and 16.76 m of 2.84 g/t Au from 102.11 m depth, including 1.52 m of 9.74 g/t Au, from the GS Main zone. The hole infilled a 75 m previous gap in the geological model between WD-036 and WHTGS17RC0005.

Ryan's Showing update

The Ryan's Showing is located approximately two km west of the Golden Saddle. It is a newly discovered mineralized zone associated with an east-west-oriented, steeply south-dipping, structure as shown in lidar imagery, DIGHEM and IP resistivity, which remains open along strike and at depth and demonstrates the potential for multiple mineralized structures. Five diamond drill holes were placed in the area to follow up on previously announced RC results which included 20.64 g/t Au over 6.10 m on WHTRS18RC0001 and 5.02 g/t Au over 13.17 m on WHTRS18RC0002. Individual assays ranged from trace up to 6.64 g/t Au.

Significant drill results from Ryan's Showing are detailed in the associated table.


Hole ID             From         To        Int         Au
                     (m)        (m)        (m)      (g/t)

WHTRS18D0006      178.94     185.00       6.06       4.52
and               200.00     210.00      10.00       1.32
WHTRS18D0008      281.00     282.55       1.55       1.82
WHTRS18D0009      315.25     316.00       0.75       2.03

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

WHTRS18D0006

WHTRS18D0006 was drilled between RC holes WHTRS18RC0001 and WHTRS18RC0002, infilling a 105 m gap between the two holes. Five zones of strong brecciation and quartz veining were noted down the hole and ranged from two to 10 m in width. All were associated with anomalous results. The two most significant zones returned 4.52 g/t Au over 6.06 m from 178.94 m depth and 1.32 g/t Au over 10.00 m from 200 m depth.

Geological interpretation

Holes WHTRS18D0007 to 0010 were all drilled to the north and east of WHTRS18D006. Each hole intersected zones of alteration, brecciation and quartz veining but only returned anomalous results (up to 2.03 g/t Au over narrow widths). These holes were drilled based on the interpretation that the mineralization intersected within RC holes WHTRS18RC0001 and WHTRS18RC0002 had a northeast-trending strike and moderate dip to the northwest, similar to Golden Saddle. However, geologic modelling of the zone intersected by the RC holes and WHTRS18D0006 are related to an east-west-trending, steeply south-dipping structure that corresponds with anomalous gold in soils and lineaments visible in lidar data at surface, and that other zones of alteration and brecciation intersected in the drilling are potential subparallel faults or splays from the primary structure.

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 per cent of 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.

Quality assurance/quality control

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, B.C., 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 (30 g fire assay with AAS finish) and AQ200 (0.5 g, aqua regia digestion and ICP-MS analysis). Samples containing greater than 10 g/t Au were reanalyzed using method FA530 (30 g 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, PGeo, vice-president of exploration for the company, is a qualified person as defined under National Instrument 43-101, and has reviewed and approved the content of this news release.

We seek Safe Harbor.

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