Whitehorse Gold Completes Exploration and Drill Program on Skukum Gold Project in Yukon
Whitehorse Gold Completes Exploration and
Drill Program on Skukum Gold Project in
Yukon
Vancouver, British Columbia--(Newsfile Corp. - November 22, 2021) -
Whitehorse Gold
Corp.
(TSXV: WHG)
("Whitehorse Gold" or the "Company") announces the successful completion of
the 2021 exploration and drill program on its wholly-owned Skukum Gold Project (the "Project") located
in southern Yukon, Canada.
Highlights of 2021 Exploration Program
:
Completed 16,554 metres of diamond drilling in 44 holes on the Skukum Creek, Mt. Skukum and
Goddell deposits
Undertook a property-wide airborne geophysics survey (magnetics, radiometrics and VLF)
Surface mapping and sampling program targeting key areas of interest on the Project
Camp upgrades completed
The Company completed 44 diamond drill holes on the Project, undertaken with three drill rigs, that were
focused on the three deposits: Skukum Creek, Mt. Skukum and Goddell. The program was comprised
primarily of step out and infill holes, as well as exploration/technical holes. Additionally, a property-wide
airborne geophysics survey (magnetics, radiometrics and VLF) was flown at 100-metre line spacing
over the 170-sq-km property, and extensive surface mapping and sampling programs were undertaken
to test areas of interest and certain of the extensive occurrences on the Project.
Results from the drill program will continue to flow in over the upcoming months and the Company looks
forward to releasing assays as they are received. Due to ongoing delays of analytical results from the
assay labs, results from 7 of the 44 drill holes completed have been released to date. The outstanding
drill results and identified geophysical anomalies are expected to contribute significantly to planning the
2022 exploration program on the Project.
"With our 2021 Skukum Gold Project exploration campaign completed, we have released drill results
from 7 of the 44 drill holes to date," stated Kevin Weston, CEO of Whitehorse Gold. "These initial results
have shown the significant resource upgrade and expansion potential on our high-grade gold deposits
and we look forward to announcing results from the remaining 37 holes over the coming months. We are
excited at the discovery and resource expansion opportunity on the Project as we evaluate a potential
development path on this past producing high-grade gold camp. I would like to thank our team,
consultants and contractors for a successful 2021 program."
Qualified Persons
The technical information contained in this news release has been reviewed and approved by Tim
Kingsley, Vice President of Exploration of Whitehorse Gold and Certified Professional Geologist (CPG-
11538) with the American Institute of Professional Geologists, a Qualified Person for the purposes of
National Instrument 43-101 -
Standards of Disclosure of Mineral Projects
.
ABOUT WHITEHORSE GOLD CORP.
Whitehorse Gold is a responsible mineral exploration and development company focused on its 170-
square-km Project located in southern Yukon, approximately 55 km south-southwest of Whitehorse. The
Project hosts the advanced-stage Skukum Creek and Goddell deposits, and the formerly producing Mt.
Skukum high-grade gold mine, all of which remain open for expansion, plus additional untested
mineralized occurrences. Project infrastructure includes an all-weather access road, a 50-person camp,
approximately 6 kms of underground development, and a previously operating 300-tpd mill and
associated support facilities. Underground operations by a previous operator at Mt. Skukum from 1986
to 1988 saw 233,400 tons of ore mined and processed to recover approximately 79,750 ounces of gold
(Total Energold Corporation, 1989).
On Behalf of Whitehorse Gold Corp.
signed
"Kevin Weston"
Kevin Weston, CEO & Director
For further information please contact:
Steve Stakiw, Vice President - Corporate Affairs
Phone: 1-778-998-7356
Email:
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.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively,
"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 news release, including, without
limitation, future plans with respect to the Project, including the 2022 exploration program and resource
upgrade and expansion plans, the success of exploration activities, development potential and plans at
the Project, the future economics of the Project, future exploration and drill results from the Project, and
other future plans, objectives or expectations of the Company are forward-looking statements. 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 certain 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 considered reasonable at the date the
statements are made. The opinions, assumptions, factors and estimates which may prove to be
incorrect, include, but are not limited to: that the Company will be able to carry on current and future
operations as planned; the timing, extent, duration and economic viability of such operations, including
any mineral resources or reserves identified thereby; actual exploration results; the accuracy and
reliability of estimates, projections, forecasts, studies and assessments; 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 and regulatory approvals, permits and
licenses in connection with its current and planned operations, development and exploration activities;
that the Company will be able to obtain / maintain social licence at the 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; that the Company will be able to secure financing on suitable
terms; the assumptions underlying mineral resource estimates and the realization of such estimates; and
other assumptions and factors generally associated with the mining industry.
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 statements.
Such risks and other factors include, among others: social and economic impacts of COVID-19; actual
exploration results; changes in project parameters and outcomes as plans continue to be refined; results
of future exploration activities and resource estimates; future metal prices; availability of capital and
financing on acceptable terms; general economic, market or business conditions; risks associated with
community relations and corporate social responsibility; 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 and regulatory approvals; unanticipated environmental
impacts on operations and costs to remedy same; and other exploration risks or other risks detailed
herein and from time to time in the filings made by the Company with securities regulators. All of the
Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are
urged to review these materials. 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 statements will prove to be accurate
and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
The Company undertakes no obligation to update any of the forward-looking statements in this news
release or incorporated by reference herein, except as otherwise required by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/104592