Whitehorse Gold Announces Filing of Technical Report and Updated Mineral Resource Estimate for the Skukum Gold Project
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Whitehorse Gold Announces Filing of Technical Report and
Updated Mineral Resource Estimate for the Skukum Gold Project
WHG-NR-22-18 December 16, 2022
Vancouver, British Columbia – December 16, 2022 – Whitehorse Gold Corp. (“Whitehorse
Gold” or the “Company”) (TSXV: “WHG”; OTCQX: “WHGDF”) is pleased to announce the filing
of a Technical Report titled “Technical Report and Updated Mineral Resource Estimate of The
Skukum Gold Project” with an effective date of October 28, 2022 prepared by P&E Mining
Consultants Inc. (the “Technical Report”), further to its news release of November 2, 2022. The
Technical Report was prepared in accordance with the Canadian Securities Administrators'
National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
A copy of the Technical Report is available under the Company's profile on SEDAR at
www.sedar.com and on the Company's website at www.whitehorsegold.ca.
About Whitehorse Gold
Whitehorse Gold is a mineral exploration and deve lopment company focusing on tin projects in
Bolivia and a gold project near Whitehorse, Yukon, Canada. The Company has recently signed
agreements to acquire up to a 100% interest in the Porvenir Project and SF Tin Project, which
are 70 km southeast of Oruro, Bolivia. The Company’s 100% owned Skukum Gold Project is
approximately 84 km south of Whitehorse by road. An independent Mineral Resource Estimate
update was completed in October 2022. Skukum hosts 418,000 oz AuEq Indicated Mineral
Resource and 517,000 oz AuEq Inferred Mineral Resource at respective average grades of 8.2
and 5.3 g/t AuEq. From 1986 to 1988, the project produced approximately 80,000 ounces of gold.
On Behalf of Whitehorse Gold Corp.
signed “Gordon Neal”
Gordon Neal, CEO & Director
For further information please contact:
Investor Relations, Whitehorse Gold Corp.,
Phone: +1 (604)-336-5919
Email: [email protected]
www.whitehorsegold.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Whitehorse Gold Corp.
1750 - 1066 West Hastings Street
Vancouver, BC, Canada V6E 3X1
Telephone: (604) 336-5919
www.whitehorsegold.ca
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Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statem ents and forward-looking information (collective,
“forward looking statements”) within the meaning of applicable Canadian and U.S. securities legislation.
All statements, other than statements of historical fact included in this release, including, without limitation,
statements regarding future plans with respect to the Skukum Gold Project, including the proposed updated
NI 43-101 Technical Report and timing and the contents thereof, and other future plans of Company, and
objectives or expectations of the Company are forward-looking statements. Estimates of Mineral Reserves
and Mineral Resources are also forward-looking information because they incorporate estimates of future
developments including future mineral prices, costs and expenses and the amount of minerals that will be
encountered if a property is developed. Forward-looking statements are often, but not always, identified by
words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”,
“assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”,
“potential” or variations thereof or stating that cert ain actions, events or results “may”, “could”, “would”,
“might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar
expressions. Forward-looking statements are based on the opinions, assumptions, factors and estimates
of management considered reasonable at the date the statements are made. The opinions, assumptions,
factors and estimates which may prove to be incorr ect, include, but are not limited to: that market
fundamentals will result in sustained precious metals demand and prices; that there are no significant
disruptions affecting operations, including labour disruptions, supply disruptions, power disruptions, security
disruptions, damage to or loss of equipment, whether due to flooding, political changes, title issues,
intervention by local landowners, environmental concerns, pandemics (including COVID-19) or otherwise;
that the Company will be able to obtain and maintain governmental approvals, permits and licenses in
connection with its current and planned operations, development and exploration activities, including at the
Skukum Gold Project; that the Company will be able to meet its current and future obligations; that the
Company will be able to comply with environmental, health and safety laws; and the assumptions underlying
Mineral Resource Estimates and the realization of such estimates.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to differ materially from any future
results, performance or achievements expressed or implied by the forward-looking information. Such risks
and other factors include, among others: social and ec onomic impacts of COVID-19; actual exploration
results; changes in project parameters as plans continue to be refined; results of future Mineral Resource
estimates; future metal prices; availability of capital and financing on acceptable terms; general economic,
market or business conditions; uninsured risks; regulatory changes; defects in title; availability of personnel,
materials and equipment on a timely basis; accidents or equipment breakdowns; delays in receiving
government approvals; unanticipated environmental impacts on operations and costs to remedy same; and
other exploration or other risks detailed herein and from time to time in the filings made by the Company
with securities regulators. Although the Company has attempted to identify important factors that could
cause actual actions, events or results to differ from those described in forward-looking statements, there
may be other factors that cause such actions, events or results to differ materially from those anticipated.
There can be no assurance that forward-looking stat ements will prove to be accurate and accordingly
readers are cautioned not to place undue reliance on forward-looking statements.
Readers are cautioned not to place undue relianc e on forward-looking statements. The Company
undertakes no obligation to update any of the forwar d-looking statements in this news release or
incorporated by reference herein, except as otherwise required by law.
Cautionary Note to US Investors
The technical and scientific information contained herein has been prepared in accordance with NI 43-101,
which differs from the standards adopted by the U.S. Securities and Exchange Commission (the “SEC”).
Accordingly, the technical and scient ific information contained herein, including any estimates of Mineral
Reserves and Mineral Resources, may not be comp arable to similar information disclosed by U.S.
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companies subject to the disclosure requirements of the SEC. Additional information relating to the
Company, including the Company’s Annual Information Form, can be obtained under the Company’s profile
on SEDAR at www.sedar.com, and on the Company’s website at www.whitehorsegold.ca.