TORONTO, Oct. 24, 2019 (GLOBE NEWSWIRE) — White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce multiple high-grade grab samples including 605.0 g/t Au, 497.0 g/t Au, 113.0 g/t Au and 78.3 g/t Au and GT Probe samples up to 17.35 g/t Au at the site of the recent Titan discovery, located on the road accessible Hen property contiguous to the Company’s JP Ross property, less than 15km WNW from the Vertigo discovery, in Yukon, Canada. These results demonstrate an extension of the regional scale high-grade gold system encountered across the adjacent JP Ross Property, including the Vertigo and other recently discovered targets along the Vertigo trend. Exploration activities were conducted to follow up on positive soil sample results previously released, which included values up to 113 g/t (113,000 ppb) Au, the highest ever recorded in the Company’s extensive soil database(1). Follow up activities have included infill soils, ground geophysical surveys (VLF & magnetics), prospecting/geologic mapping, GT Probe and RAB drilling, with additional results to be released in due course. The Company’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:The recently discovered Titan target is located on the road accessible Hen property contiguous to the JP Ross property, less than 15km WNW from the Vertigo discovery.Latest results extend the footprint of the regional scale high grade mineralized gold system encountered across the adjacent JP Ross property onto the Hen property.Results include 15 prospecting samples, with assays including 605 g/t Au, 497 g/t Au, 113 g/t Au and 78.3 g/t Au.208 GT Probe samples completed with assays up to 17.35 g/t Au; 3 samples returning >1 g/t Au, 5 samples returning >0.5 g/t Au, confirming initially noted mineralization along soil trends.505 soil samples completed with results up to 6,124 ppb Au.This exploration activity was to follow up on prior soil sampling results which included a sample greater than 100,000 ppb Au (fire assay confirmed 113,000 ppb or 113 g/t Au), the highest ever recorded in company’s 400,000+ soil sample database.Images to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.“These positive results from our early stage exploration work on the Titan are very encouraging, and display the continued proliferation of high-grade gold mineralization across our vast portfolio of properties. Our model has always been to generate a pipeline of gold targets so that as we advance our mature stage assets, we have new discoveries to bring up the development ladder,” stated Shawn Ryan, Chief Technical Advisor. “Rock grab samples and other surface exploration identified the presence of visible gold, further highlighting the Titan as a very exciting target for further exploration activity. These significant results combined with Titan being located less than 15km west of the Vertigo, provides further evidence of the possible regional-scale gold system in the placer-rich Henderson Creek region.”(1) See White Gold Corp News Release dated September 5, 2019, available on SEDAR.See below for a summary of exploration activity completed on the Titan target and Hen property:Titan Target (Hen Property)
The Titan target is located on the Hen property, adjacent to the JP Ross on the west, and approximately 15km to the WNW of the Vertigo. The Hen property is situated within a prolific placer mining camp. Abundant, coarse placer gold has been recovered from creek gravels on North Henderson Creek immediately east of the Titan target. Additionally, the structural and geologic setting of the Hen indicate mineralization in the area is congruent with mineralized structures identified by the Company on the adjacent JP Ross property.These results are particularly significant as they are the first occurrence of mineralization ever discovered on the Hen property, which has previously only had limited reconnaissance-stage ridge and spur soil sampling conducted on it to date. The Company is performing follow-up work to obtain an initial estimate of the potential size, scale and number of mineralized gold structures. Based on the positive prospecting, GT Probe and soil results the RAB drilling on Titan was fast tracked in order to complete a preliminary program this field season, quickly receive insight on the target and plan for a comprehensive program in 2020.Soil Sampling Results
A detailed soil grid consisting of 505 samples was collected on the Hen following up on the soil sampling results initially reported, which included a sample >100,000 ppb Au that returned a final value of 113 g/t Au on gravimetric fire assay. The detailed soil sampling was conducted on 50m spaced lines and 25m spaced samples and returned results ranging from trace to 6,124 ppb Au. The soils form two distinct trends originating from the area of the 113 g/t Au soil sample – one trending to the NNW and traceable for 545m, and the second trending ENE and traceable for 650m. Gold along both trends is coincident with elevated Bi & Cu in the soils, and the trends occur along the southern and western margins of a well-defined 650m x 650m magnetic low feature.Prospecting Results
The results for 15 prospecting samples collected across the Titan have also been received, with four of the samples taken from a pit excavated over the 113 g/t Au soil sample site. Mineralized material in the pit 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. The remaining 11 samples from the area were collected from surface and returned values ranging from trace to 0.844 g/t Au.
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