Whitehorse Gold Intersects 200.7 meters grading 0.4% Tin, 1.28% Zinc and 12 g/t Silver at the SF Tin Project, Bolivia
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Whitehorse Gold Intersects 200.7 meters grading 0.4% Tin, 1.28% Zinc
and 12 g/t Silver at the SF Tin Project, Bolivia
WHG-NR-22-11 October 31, 2022
Vancouver, British Columbia – October 31, 2022 – Whitehorse Gold Corp. (“Whitehorse Gold”
or the “Company”) (TSXV: “WHG”; OTCQX: “WHGDF”) is pleased to announce that assay results
of its first confirmation drill hole (DDH- SF-001) for the SF Tin Project, located in the Oruro
Department, Bolivia. This is one of the two drill holes to confirm two historical holes reportedly
drilled by Rio Tinto. The assay results for the second confirmation hole are pending.
Hole DDH-SF-001 was drilled at the same azimuth and dipping angle as (azimuth of 90° and -60°
dip) as the historical hole ESF001 but was collared 15 meters apart (Figure 1) . DDH-SF-001
intersected 200.7 meters grading 0.4% tin, 1.28% zinc, and 12 g/t silver from 139.2 m to 339.9 m
(Table 1), comparing with the 200 m grading 0.44% tin, 1.22% zinc and 13 g/t silver for the
historical hole ESF001. DDH-SF-001 intercept also includes a higher grade sub-interval of 68 m
grading 0.62% tin, 1.69% zinc and 13 g/t silver; comparing with 68 m grading 0.49% tin, 1.22 zinc,
and 9.3 g/t silver (Figure 1). In addition, DH-SF-001 has also intercepted a two-meter interval from
30.20 m to 32.20 m grading 79.8 g/t silver and 0.67% lead.
The company is satisfied that the hole DDH-SF-001 has confirmed the historical drill hole ESF001.
Gordon Neal, CEO & Director commented, “We are very encouraged by the close comparison
between our first confirmation drill hole and the historical hole. This is an important step for us to
proceed with the completion of our final acquisition of the SF Tin Project.”
Based on the option agreem ent signed ( news release dated August 25, 2022) , subject to
satisfactory confirmation drill results, the company will proceed to acquire 100-per-cent interest in
the SF Tin project by paying a total of $3.65 million (U.S.) over two years.
Table 1. Composite analytical results for hole DDH-SF-001
Hole ID From m To m Length m Sn % Zn % Pb % Ag g/t
DDH-SF-001 30.20 32.20 2.0 0.04 1.41 0.67 79.80
DDH-SF-001 139.2 339.9 200.7 0.40 1.28 0.06 12.48
Incl. 161.2 229.2 68.0 0.62 1.69 0.03 11.20
Notes:
1. Drill intercepts are core lengths, and grades are length weighted. True width of mineralization is unknown at this time.
Mineralization intersected in hole DDH-SF-001 is hosted in fine to medium-grain sandstone of a
blackish-gray color (greywacke) with clusters of multiple veins/veinlets (< 1cm thick , Figure 2)
which contain pyrite, sphalerite, galena, cassiterite (SnO 2), and trace amount of stannite
(Cu2FeSnS4).
Whitehorse Gold Corp.
1750 - 1066 West Hastings Street
Vancouver, BC, Canada V6E 3X1
Telephone: (604) 336-5919
www.whitehorsegold.ca
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Figure 1. Cross section (looking North), showing the historic hole ESF001 and the Company’s
verification hole: DDH-SF-001.
Figure 2. Polymetallic mineralization in core hole DDH-SF-001, from 200.20 m to 207.10 m.
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Quality Assurance and Quality Control
All SF core samples were collected by staff geologists and were shipped in securely sealed bags
by Company staff in the Company’s vehicles, directly from the field to AHK Bolivia Ltd., in Oruro,
Bolivia for preparation, and AHK Peru laboratory in Lima, Peru for geochemical analysis. AHK is
an independent ISO/IEC 17025 and ISO 9001 accredited laboratory and also UKAS
ACCREDITED TESTING LABORATORY 1543, 1765 and 8738. All samples are first analyzed
by a multi -element ICP package and FUS/ICP (peroxide fusion) for tin. Two types of certified
reference materials, coarse blank samples and duplicate samples are inserted to normal drill core
sample sequences prior to delivery to the laboratory for preparation and analysis. The overall ratio
of quality control samples in sample sequences is minimum eight percent.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and
approved by Alex Zhang, P. Geo., Vice President of Exploration of New Pacific Metals who is a
Qualified Person for the purposes of National Instrument 43- 101 – Standards of Disclosure for
Mineral Resources (“NI 43-101”). The qualified person has visited this property and has verified
the scientific information disclosed herein and is not aware of any significant risks and
uncertainties that could be expected to affect the reliability or confidence in the information
discussed herein.
About Whitehorse Gold
Whitehorse Gold is a mineral exploration and development company focusing on tin projects in
Bolivia and a gold project near Whitehorse, Yukon, Canada. The Company has recently signed
agreement to acquire 100% the Porvenir Tin Project and SF T in Project, w hich are 70 km
southeast of Oruro, Bolivia. The Company 100% owned Skukum Gold Project is approximately
55 km from Whitehorse by road. A mineral resource estimate update is expected for the project
based on drilling conducted in 2020 and 2021 . F rom 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.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward- looking statements 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 the expected commencement of trading of the Company’s common shares on the
TSXV, future plans with respect to the Skukum Gold Project 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
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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 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 of management
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 market fundamentals w ill
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 economic 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 statements 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 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.
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 scientific information contained herein, including any estimates of mineral
reserves and mineral resources, may not be comparable to similar information disclosed by U.S. 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.
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