Whitehorse Gold intersects 4.2 metres of 32.0 grams per tonne gold equivalent grade in a step-out drill hole at Skukum Gold Project in Yukon
Whitehorse Gold intersects 4.2 metres of 32.0 grams per tonne gold
equivalent grade in a step-out drill hole at Skukum Gold Project in
Yukon
WHG-NR-21-13 October 5, 2021
Vancouver, British Columbia: Whitehorse Gold Corp. (“Whitehorse Gold” or the “Company”)
(TSXV: WHG) reports bonanza-grade grade gold and silver results from a step- out drill hole on its wholly-
owned Skukum Gold Project (the “Project”) located in southern Yukon.
Highlight of Drill Results:
• Drill hole SC21-015 intersected a 4.2 metre interval (from 239.34 to 243.58 metres) grading 27.1
g/t Au and 346.4 g/t Ag, or 32.0 g/t AuEQ, including a 3.2-metre interval from 239.71 m to 242.9 m
of 33.4 g/t Au and 391.7 g/t Ag, or 38.9 g/t AuEQ, in the Rainbow 2 Zone
• The hole also intersected a 2.4-metre interval (from 226.4 to 228.1 metres) grading 10.34.3 g/t Au
and 93.9 g/t Ag, or 11.6 g/t AuEQ
Hole SC21- 015 is a n approximately 150-metre step- out up dip from historic drill hole s, representing a
significant extension of the Rainbow 2 Zone (Figure 1), one of four zones that constitute the Skukum Creek
Deposit (Figure 2).
“Hole SC21-015 has returned the highest-grade gold intervals to date from our drill program and shows
potential for higher grades and resource expansion at the Skukum Gold Project,” stated Kevin Weston, CEO
of Whitehorse Gold. “With results now released for 7 drill holes, we look forward to announcing results from
the remaining 37 holes over the coming months and are excited by the potential to advance the Project
towards a development path.”
Table 1: Assay results
Hole ID From
(m) To (m) Interval
(m)1,2,3
Au
(g/t)
Ag
(g/t)
AuEQ
(g/t)4,5
Pb
(%)
Zn
(%)
Cu
(%) Zone
SC21-015
226.4 228.81 2.41 10.3 93.9 11.6 0.12 1.82 0.12
Rainbow 2 239.34 243.58 4.24 27.1 346.4 32.0 1.19 3.86 0.35
Incl. 239.71 242.9 3.19 33.4 391.7 38.9 1.02 4.3 0.32
Notes:
1. Drill location, elevation, azimuth and dip of drill holes provided in Table 2 below.
2. Length and specific gravity weighted composites.
3. True drill interval lengths are estimated at 50-70% of drilled intervals.
4. Formula for AuEQ calculation = Au+(Ag x 0.0141); based on a Long- term Au consensus median
price of US$1,600/oz, a Long-term Ag consensus median price of US$22.50/oz and Au:Ag ratio of
71.11.
5. Assumptions: AuEQ calculation utilizes contained Au and Ag and assumes 100% recovery. Long-
term street consensus commodity prices compiled by BMO Capital Markets.
Whitehorse Gold intends to release additional exploration drill results over the coming months, including
additional results from hole SC21-015.
Whitehorse Gold Corp.
1750 - 1066 West Hastings Street
Vancouver, BC, Canada V6E 3X1
Telephone: (604) 336-5919
www.whitehorsegold.ca
Whitehorse Gold Corp. 2 October 5, 2021
NR-21-13 – Continued
Figure 1: Long section of a portion of the Rainbow 2 Zone on the Skukum Creek Deposit (looking NE (060))
showing traces and mineralized intercepts of drill hole SC21-015 and past (2006) drills holes.
Whitehorse Gold Corp. 3 October 5, 2021
NR-21-13 – Continued
Figure 2: Plan view of the Skukum Creek Deposit showing main zones, underground development, SC21-
015 drill hole trace and drill hole collar locations.
Table 2: Drill hole details for holes presented in Table 1 and Figure 1.
Hole Length
(m)
Easting
(m)
Northing
(m)
Elevation
(m) Azimuth Dip Level
SC06-91 74.68 477313 6671036 1316 150o 0o 1320 Level
SC06-94 68.27 477313 6671037 1317 150o 30o 1320 Level
SC06-95 102.72 477312 6671037 1318 150o 50o 1320 Level
SC21-015 343.51 477202 6671131 1692 126.8o -52.3o Surface
Whitehorse Gold Corp. 4 October 5, 2021
NR-21-13 – Continued
Quality Assurance and Quality Control
Drill core from the Company’s 2021 exploration program was logged and sampled in a secure core storage
facility located at the Project site. Core samples from the 2021 program were cut in half, using a diamond
cutting saw. Drill core and surface samples were sent to ALS Laboratories, which is independent of the
Company. Sample preparation was performed at the ALS Laboratory in Whitehorse, YT, followed by
analysis at the ALS Laboratory in North Vancouver , BC. ALS is an accredited mineral analysis laboratory.
All samples were analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0
g/t gold were analysed utilizing standard Fire Assay-Gravimetric methods. Samples were also analyzed for
a 48 multielement geochemical suite by ICP -MS with a four -acid digestion. Certified gold reference
standards, blanks, field duplicates and coarse reject duplicates were routinely inserted into the sample
stream, as part of Whitehorse Gold’s quality control/quality assurance 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: [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 (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 2021 exploration program and resource
upgrade and expansion plans, the success of exploration activities, development potential at the Project,
the future economics of 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
Whitehorse Gold Corp. 5 October 5, 2021
NR-21-13 – Continued
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; 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 governmen tal 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 abl e 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.