Mr. David D'Onofrio reports
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. has released 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 grams per tonne gold over 6.09 m from 10.67 m depth, including 136.36 g/t Au over 3.05 m at 12.19 m depth within a 32 m 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 650 m by 650 m 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 over 400,000 soil samples. White Gold's fully financed $13-million 2019 exploration program backed by partners Agnico Eagle Mines Ltd. and Kinross Gold Corp. includes diamond drilling on the Vertigo target (JP Ross property), Golden Saddle and 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:
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First-ever drilling on the Titan intersected 72.81 g/t Au over 6.09 m from 10.67 m depth, including 136.36 g/t Au over 3.05 m, within a 32 m zone of mineralization and remains open in all directions.
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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 plus-400,000-soil-sample database.
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The Titan target hosts multiple other untested targets across a 650 m by 650 m 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 15 km from the Vertigo discovery and 25 km from the Golden Saddle and Arc deposits.
- Additional regional exploration activity and drill results from the White Gold and JP Ross properties to be released in due course.
"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 metres of the Titan discovery," stated Shawn Ryan, chief technical adviser.
Titan discovery, Hen property
The Titan discovery is located on the road-accessible Hen property, contiguous to the JP Ross property, approximately 15 km northwest of the Vertigo discovery and approximately 25 km north east of the Golden Saddle and 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 bismuth, copper (up to 0.17 per cent), iron (up to 36.1 per cent), phosphorous (up to greater than 1 per cent) and uranium.
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 were 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 220.97 m 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 minus 60 degrees beneath a northerly 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 20 m 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 33 m to the north of hole 1 and approximately 45 m northeast of the discovery pit. The hole returned a significant zone of mineralization consisting of 72.81 g/t Au over 6.09 m from 10.67 m depth, including 136.36 g/t Au over 3.05 m from 12.19 m depth. The high-grade interval consisted of two 1.52 m 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 32 m of 14.82 g/t Au, and consistently anomalous mineralization (greater than 0.1 g/t Au) is noted farther down the hole to a depth of 83.82 m. 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 40 m depth indicating the mineralization may be in place. Completed assay results for the hole is included in associated table.
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 19.81 m depth, with 1.52 m 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 associated table. There is not enough information to assess true thickness of mineralization intersected by the drilling at this time.
SUMMARY TABLE OF TITAN RAB DRILLING RESULTS
Hole ID From To Length Au
(m) (m) (m) (g/t)
HENTTN19RAB-002 10.67 42.67 32.00 14.82
incl. 10.67 16.76 6.09 72.81
incl. 12.19 15.24 3.05 136.36
HENTTN19RAB-003 0.00 1.52 1.52 2.44
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 northwest-striking, northeast-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-plus/minus-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, northerly trending, magnetic high in geophysical surveys over the target. Multiple additional northerly 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.
COMPLETE ASSAY RESULTS FOR HENTTN19RAB-02
From To Interval Au
(m) (m) (m) (g/t)
0.00 1.52 1.52 0.022
1.52 3.05 1.52 0.031
3.05 4.57 1.52 0.268
4.57 6.10 1.52 0.122
6.10 7.62 1.52 0.185
7.62 9.14 1.52 0.20
9.14 10.67 1.52 0.24
10.67 12.19 1.52 9.54
12.19 13.72 1.52 47.30
13.72 15.24 1.52 226.00
15.24 16.76 1.52 8.57
16.76 18.29 1.52 0.702
18.29 19.81 1.52 0.983
19.81 21.34 1.52 3.70
21.34 22.86 1.52 1.46
22.86 24.38 1.52 1.29
24.38 25.91 1.52 0.886
25.91 27.43 1.52 1.255
27.43 28.96 1.52 0.531
28.96 30.48 1.52 1.14
30.48 32.00 1.52 0.678
32.00 33.53 1.52 2.88
33.53 35.05 1.52 0.322
35.05 36.58 1.52 0.374
36.58 38.10 1.52 0.342
38.10 39.62 1.52 0.369
39.62 41.15 1.52 0.369
41.15 42.67 1.52 2.56
42.67 44.20 1.52 0.333
44.20 45.72 1.52 0.382
45.72 47.24 1.52 0.133
47.24 48.77 1.52 0.714
48.77 50.29 1.52 0.294
50.29 51.82 1.52 0.149
51.82 53.34 1.52 0.257
53.34 54.86 1.52 0.217
54.86 56.39 1.52 0.288
56.39 57.91 1.52 0.39
57.91 59.44 1.52 0.133
59.44 60.96 1.52 0.08
60.96 62.48 1.52 0.252
62.48 64.01 1.52 0.343
64.01 65.53 1.52 0.358
65.53 67.06 1.52 0.09
67.06 68.58 1.52 0.265
68.58 70.10 1.52 0.245
70.10 71.63 1.52 0.167
71.63 73.15 1.52 0.079
73.15 74.68 1.52 0.468
74.68 76.20 1.52 0.174
76.20 77.72 1.52 0.05
77.72 79.25 1.52 0.062
79.25 80.77 1.52 0.11
80.77 82.30 1.52 0.048
82.30 83.82 1.52 0.457
83.82 85.34 1.52 0.009
85.34 86.87 1.52 0.03
86.87 88.39 1.52 0.0025
88.39 89.92 1.52 0.022
89.92 91.44 1.52 0.007
91.44 92.96 1.52 0.087
92.96 94.49 1.52 0.05
94.49 96.01 1.52 0.062
96.01 97.54 1.52 0.05
97.54 99.06 1.52 0.045
99.06 100.58 1.52 0.027
The company also announces that Andrew Hamilton, PGeo, senior geologist with the company, has been promoted to exploration manager. Jodie Gibson, PGeo, will step down as vice-president, exploration, and continue to support the company as a technical adviser.
Quality assurance/quality control
The analytical work for the 2019 drilling program will be performed by ALS 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 RC chip and diamond core samples will be prepared using procedure PREP-31H (crush 90 per cent less than two millimetres, riffle split off 500 grams, pulverize split to better than 85 per cent passing 75 microns) and analyzed by method Au-AA23 (30 g fire assay with AAS (atomic absorption spectroscopy) finish) and ME-ICP41 (0.5 g, aqua regia digestion and ICP-AES (inductively coupled plasma atomic emission spectroscopy) analysis). Samples containing greater than 10 g/t Au will be reanalyzed using method Au-GRAV21 (30 g 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 per cent 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 Corp. with a measured and indicatd gold resource (2) of 3.4 million ounces and Western Copper and Gold Corp.'s Casino project which has proven and probable gold reserves (2) of 8.9 million oz Au and 4.5 billion pounds Cu.
Qualified person
Jodie Gibson, PGeo, 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.
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