White Gold Corp. (TSX.V: WGO) (OTC – Nasdaq Intl: WHGOF) (FRA: 29W) is pleased to announce initial drill results from the Vertigo target on the JP Ross property, Yukon. The Rotary-Air-Blast drilling followed up on high-grade GT Probe results on the property announced on August 14, 2018. Results received to date include the first 10 of 17 RAB holes, with the balance expected in the near future. A Reverse Circulation (“RC”) drill is currently on site to further test the Vertigo target. Maps further detailing hole locations and results can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.
“We are very excited about the results from the Vertigo target confirming the discovery of multiple zones of high-grade, near-surface gold mineralization over 200m of strike length on the JP Ross property. These are very significant results for a first-round drill program and we are eagerly anticipating the additional results from the remaining holes on this new target,” stated Jodie Gibson, VP Exploration of the Company. “Our systematic approach to exploration has quickly advanced the Vertigo and we are looking forward to further exploring this exciting new discovery.”
Exploration Work on Vertigo Target
A total of 917.45m of RAB drilling over 17 holes was completed on the Vertigo target to follow up on previously announced GT Probe results from the area that yielded results ranging from trace to 29.1 g/t Au, including samples returning 6.5 g/t Au, 3.4 g/t Au and 3.3 g/t Au within 2m of surface on previously untested structures.
Several of the RAB holes failed to reach full depth due to difficult ground conditions adjacent to or within the mineralized zones. The RAB was therefore converted to an RC system to improve recoveries. To date 677.63m of RC has been completed over 8 holes and drilling is ongoing, with a focus on testing all the known zones of mineralization and follow up on areas of significant mineralization identified during the initial phase of RAB drilling.
Results for 10 of the initial 17 RAB holes from the Vertigo target have been received and are discussed below. Individual assays ranged from trace to 73.5 g/t Au and are associated with strongly elevated Ag, Pb, Bi, +/- As. All reported holes were drilled either due north (000o) or due south (180o) at dips ranging from -55o to -85o and cover a 200m strike extent along the western portion of the target area. A minimum of 3 of the known mineralized structures (V3 – V5) were tested by the reported drilling. The most significant results were obtained from holes JPRVERRAB18-001, 009, 010, & 011.
JPRVERRAB18-001 was drilled adjacent to historic trench JRVE10T0008(1) targeting a 5m section that averaged 4.28 g/t Au on the V4 zone. The hole was oriented to the south at a -60o dip, and intersected a 10.67m interval averaging 17.34 g/t Au from 3.05m depth; including a 3.05m interval averaging 56.25 g/t Au from 3.05m depth. The gold mineralization was also associated with 38.8 g/t Ag and 0.61% Pb over the upper 3.05m mineralized interval.
JPRVERRAB18-009 & 010
JPRVERRAB18-009 & 010 were drilled 115m to the E-SE and 135m to the NE of JPRVERRAB18-001 targeting the V3 and V5 structures respectively. JPRVERRAB18-009 was drilled to the north at a -60o dip and intersected 13.4 g/t Au over a 1.52m zone from 38.1m depth. JPRVERRAB18-010 was drilled to the south at a -65o dip and intersected 15.3 g/t Au over a 1.52m zone from 16.76m depth.
JPRVERRAB18-011 was drilled 75m to the west of JPRVERRAB18-001 along the western projection of the V3 zone. The hole was oriented to the south at a -65o dip and returned 15.24m of 9.65 g/t Au from 1.52m depth; including 3.05m of 45 g/t Au from 1.52m depth. The gold mineralization was also associated with 33.4 g/t Ag and 0.55% Pb over the upper 3.05m mineralized interval.
Interpretation of the results is ongoing, and there is not currently enough information to estimate true thickness of the mineralized zones.
Significant drill results from the Vertigo target are detailed in the table below.
|JPRVERRAB18-005||Assays In Progress|
|JPRVERRAB18-012||Assays In Progress|
|JPRVERRAB18-013||Assays In Progress|
|JPRVERRAB18-014||Assays In Progress|
|JPRVERRAB18-015||Assays In Progress|
|JPRVERRAB18-016||Assays In Progress|
|JPRVERRAB18-017||Assays In Progress|
Vertigo Target, JP Ross Property
The Vertigo target is located on the Company’s JP Ross property, approximately 75km south of Dawson City, Yukon and 25km north of the Golden Saddle deposit. The JP Ross property is road accessible from Dawson City and the Vertigo Target is within 2km of an existing road.
Mineralization on the Vertigo consists of brecciation, quartz veining, and strong sericite alteration with disseminated to vein-controlled pyrite, arsenopyrite, galena, bismuthinite and locally visible gold. At least 10 individual zones (V1 to V10) are currently recognised over a 350m x 1000m area, with individual zones having been traced up to 400m along strike and all are currently open along strike and at depth. The mineralized zones are associated with a series of W-NW trending, steeply dipping structures and splays associated with a regional-scale fault system that has been traced over 12km. Four additional target areas are currently recognised along this trend and follow-up geologic mapping and prospecting is ongoing.
The JP Ross property is comprised of 2,251 quartz claims covering over 46,000 hectares of exploration ground which currently has at least 14 known anomalous trends including the Vertigo, and numerous placer gold bearing creeks. The property is located 25km north of the Company’s flagship White Gold property which has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 262,220 ounces Inferred at 1.70 g/t gold. Historic exploration performed on the JP Ross property by Underworld Resources and Kinross Gold includes geochemical surveys, trenching, airborne magnetic and radiometric surveys, and 8,592m of diamond drilling over 64 holes. 14 target areas are currently known and large portions of the property are unexplored. Key areas identified as priorities in 2018 include the Vertigo, Rebecca and Sabotage Trends. Historic work on the Vertigo target work(1) performed in the area including trench results of 4.28 g/t Au over 5m within a broader sampling range of up to 1.05 g/t Au over 45m, and a historic drill hole which intersected 17.9 g/t Au over 1 m.
(1) Reported in Yukon Assessment Report #096205
About White Gold Corp.
The Company owns a portfolio of approximately 20,000 quartz claims across 30 properties covering over 390,000 hectares representing approximately 40% of the 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 262,220 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. 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 Goldcorp Inc. with a M&I gold resource(2) of 4.1M oz and Western Copper and Gold Corporation’s Casino project which has P&P gold reserves(2) of 8.9M oz Au and 4.5B lb Cu. The Company has outlined an aggressive exploration plan backed by partners Agnico Eagle Mines Limited and Kinross Gold Corp.
(2) 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.
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, British Columbia 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 (30g fire assay with AAS finish) and AQ200 (0.5g, aqua regia digestion and ICP-MS analysis). Samples containing >10g/t Au were reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encounter (FS600).
The work was completed using industry standard procedures, including a quality assurance/quality control 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.
Jodie Gibson, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 (“NI 43-101”) and has reviewed and approved the content of this news release.
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