White Gold Corp. (TSX-V: WGO) (OTC – Nasdaq Intl: WHGOF) (FRA: 29W) is pleased to announce that high-grade gold mineralization has been encountered near surface on the Vertigo Trend located on the JP Ross property within a similar geological setting to the nearby Golden Saddle deposit on the Company’s White Gold property. The mineralization was encountered using the innovative GT Probe which is used in place of traditional trenching. The sample results support the modeling developed by the Company through soil sampling, Lidar and IP-Resistivity testing which identified at least 3 zones of potential mineralization. Rotary-Air-Blast (RAB) drilling has commenced to test the newly discovered gold targets. Images to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.
“The results from the Vertigo are very exciting, confirming near surface high-grade gold mineralization in locations consistent with our model and the presence of multiple parallel mineralized zones on the JP Ross property. We immediately put a drill on the target to confirm that the mineralization continues at depth and we look forward to receiving these drill assays”, stated Jodie Gibson, VP Exploration of the Company. “These new high-grade gold targets identified at Vertigo are a result of our systematic exploration method that emphasises the efficient collection of cost-effective exploration data that begins with regional soil sampling, followed by GT Probe and IP-resistivity surveys and finally drilling.”
GT Probe Results
The GT Probe is a track mounted device designed to drive a cased hole through the soil profile to the bedrock interface. Samples were collected from the final 30cm of the hole and analyzed for gold and other pathfinder elements. The depth of each hole to bedrock was up to 2m. Holes were located on 5m intervals on lines designed to cut across defined soil anomalies. The GT Probe is used as a cost-effective intermediate step between soil sampling and drilling, providing similar data to traditional trenching but with minimal environment impact.
A total of four GT Probe lines were placed on the Vertigo Trend returning results ranging from trace to 29.1 g/t Au. All lines returned zones anomalous results (>0.1 g/t Au) with 11 samples returning values >1 g/t Au (up to 29.1 g/t Au). The anomalous samples were clustered in multi-station hits, up to 45m in width, and define three W-NW trending zones of mineralization across the Vertigo target ranging from 100 – 300m defined strike length. A fourth GT Probe line, located approximately 390m NW of the defined zones, returned an additional 45m zone of anomalous mineralization with individual, 5m spaced, samples ranging from 0.9 – 3.25 g/t Au and may represent a fourth zone of mineralization in the area.
Highlights of results from GT Probe testing on the Vertigo target are outlined below:
|Probe Line||Au (g/t)|
*Represent consecutive samples at 5m spacing.
The GT Probe has been remobilized to site to test additional soil anomalies in the Vertigo area to expand the strike length of known zones and evaluate for additional trends of mineralization.
Geology of the Vertigo Trend
The mineralization observed at Vertigo is associated with strongly elevated Ag-Pb-Bi (+/-As-Te) and consists of NW-W oriented, steeply dipping, zones of strong alteration, brecciation, quartz veining and oxidized sulfide mineralization within a felsic gneiss unit. Previous work in the area favoured a model where mineralization was interpreted as trending north-south, however, new data collected in 2018 by White Gold that includes GT Probe, Lidar and IP-Resistivity surveys, has identified at least 3 zones that appear to trend W-NW instead of the previously interpreted north-south trend. The Vertigo occurs along a W-NW structural trend traceable for over 6km in strike length and is in a similar geologic setting to the Company’s Golden Saddle Deposit, 30km to the south.
The JP Ross Property
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 30km 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 property by Underworld Resources and Kinross Gold includes geochemical surveys, trenching, airborne magnetic and radiometric surveys, and 8,592 metres 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(1) on the Vertigo target included 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 1m.
(1) Reported in Yukon Assessment Report #096205
About White Gold Corp.
The Company owns a portfolio of 19,606 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. Geologic models in this area conceptually include an estimated seven million to 10 million tonnes grading between one g/t to 1.5 g/t gold. 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. (disclosed M&I gold resource of 4.1M oz) and Western Copper and Gold Corporation’s Casino project (disclosed P&P gold reserves of 8.9M oz Au and 4.5B lb Cu). The Company has outlined an aggressive exploration plan to further explore its properties.
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 NI 43-101 and has reviewed and approved the content of this news release.
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