Whitehorse Gold intersects 7.7-metre interval grading 15.7 grams per tonne gold at Mt. Skukum deposit, Yukon
Whitehorse Gold intersects 7.7-metre interval grading 15.7 grams per
tonne gold at Mt. Skukum deposit, Yukon
WHG-NR-22-05 April 1, 2022
Vancouver, British Columbia: Whitehorse Gold Corp. (“Whitehorse Gold” or the “Company”)
(TSXV: WHG, OTCQX: WHGDF) reports assay results of the remaining 30 drill holes from the 2021 drill
program at its wholly-owned Skukum Gold Project (the “Project”), in southern Yukon.
The 30 drill holes were infill and step -out drill holes from the Skukum Creek, Mt. Skukum and Goddell
deposits, which have further confirmed and expanded gold-silver mineralization on the Project. With all drill
results now received (see Table 1), the Company is evaluating its exploration plans for the 2022 program.
Highlights of the drilling results:
• Hole MS21-003 at the Mt. Skukum deposit intersected a 7.7 metre (“m”) interval (from 82.0 to 89.7
m) grading 15.68 grams per tonne (“g/t”) gold (“Au”) in the Lake 1 Zone (see Figures 1 and 2). This
is an infill hole and mineralization occurs within a series of chalcedonic quartz -calcite veins and
veinlets.
• Hole SC21-027 at the Skukum Creek deposit intersected a 14.0 m interval (from 473.7 to 487.7 m)
grading 6.05 g/t Au and 1 06 g/t silver (“Ag”), including two separate intervals of 2.13 m grading
12.85 g/t Au and 203 g/t Ag, and 3.9 0 m grading 9.18 g/t Au and 183 g/t Ag, in the Rainbow Zone
(see Figures 3 and 4) . This is an infill/resource upgrade hole with gold -silver mineralization
associated with a quartz vein breccia with in a rhyolite dyke host emplaced in shear zone within
granodiorites.
• Hole RACA21-003 on the RACA zone (see Figures 5 and 6) , adjacent to and east of the Skukum
Creek deposit, intersected a 3.2 m interval (from 356.9 to 360.1 m) grading 0.76 g/t Au and 581 g/t
Ag. An additional deeper interval of 2.65 m (from 425.5 to 428.2 m) graded 489 g/t Ag including a
0.3 m interval of 3,740 g/t Ag. This hole tests a new zone that encountered multiple narrow silver-
rich quartz sulfide veins.
Table 1: Summary of All 2021 Drill Results at Skukum Gold Project (includes previously release d
results)
Hole ID From
(m) To (m) Interval
(m)1,2 Au (g/t) Ag (g/t) AuEq
(g/t)3,4 Zone
GG21-001 371.4 374.35 2.95 1.43 1 1.44
Goddell deposit
GG21-002
355.8 357.22 1.42 3.05 1 3.07
and 383.13 383.83 0.70 3.22 1 3.24
and 391.88 392.07 0.19 3.95 4 4.01
and 531.62 532.04 0.42 3.22 714 13.29
and 552.96 553.45 0.49 0.56 492 7.5
MS21-001 116.59 117.43 0.84 2.19 3 2.23
Mt. Skukum deposit
(Cirque Zone)
MS21-002 No significant assay results
MS21-009 No significant assay results
MS21-010 No significant assay results
Whitehorse Gold Corp.
1750 - 1066 West Hastings Street
Vancouver, BC, Canada V6E 3X1
Telephone: (604) 336-5919
www.whitehorsegold.ca
Whitehorse Gold Corp. 2 April 1, 2022
NR-22-05 – Continued
MS21-003 82 89.73 7.73 15.68 26 16.05
Mt. Skukum deposit
(Lake 1 Zone South) MS21-004 203 204 1.00 1.69 7 1.78
and 209 210.2 1.20 2.03 3 2.08
MS21-005
160.24 161 0.76 8.12 5 8.82
Mt. Skukum deposit
(Lake 1 Zone Central)
and 169.5 170.5 1.00 8.55 5 8.62
MS21-006 179.97 188.85 8.88 3.17 3 3.21
incl. 179.97 183.36 3.39 7.85 7 7.94
MS21-007 No significant assay results
MS21-008 No significant assay results
MS21-011 186.43 186.73 0.30 40.7 22 41.01
MS21-012
86.8 87.65 0.85 5.58 5 5.64
Mt. Skukum deposit
(Lake 2 Zone, Fox
Zone)
179 180.5 1.50 4.12 2 4.14
MS21-013 130.3 131.13 0.83 2.54 2 2.57
MS21-014
104 104.27 0.27 32.4 22 32.7
286.37 286.68 0.31 3.2 5 3.2
RACA21-
002
(Step-out)
136.54 138.49 1.95 0.39 395 5.91
Skukum Creek deposit
(RACA Zone)
284.52 284.90 0.38 1.40 41 2
345.98 347.78 1.80 1.06 1440 11.28
435.00 437.00 2.00 4.10 5 4.2
RACA21-
003
(Step-out)
58.04 58.21 0.17 0.01 101 1.52
161.45 161.59 0.14 0.79 278 4.71
317.75 318.84 1.09 0.52 456 6.95
356.87 360.10 3.23 0.76 581 8.95
389.46 393.03 3.57 0.38 56 1.17
425.51 428.16 2.65 0.27 489 7.17
incl. 426.85 427.16 0.31 1.90 3740 54.6
SC21-001 463.00 464.31 1.31 2.11 27 2.49
Skukum Creek deposit
(Rainbow Zone)
SC21-002 No significant assay results
SC21-003 28.96 29.57 0.61 2.70 2490 37.81
SC21-004 96.00 104.00 8.00 1.52 90 2.79
incl. 102.21 104.00 1.79 5.81 269 9.61
SC21-005 79.65 88.75 9.10 2.81 180 5.35
incl. 79.65 83.15 3.50 5.57 375 10.88
SC21-006 78.64 87.57 8.93 2.49 120 4.18
incl. 78.64 83.04 4.40 3.82 184 6.41
SC21-007 Abandoned before reach the Rainbow Zone
SC21-008 141.07 152.40 11.33 1.57 228 4.78
incl. 146.23 148.44 2.21 6.05 1142 22.16
SC21-009
124.75 139.88 15.13 1.15 143 3.17
incl. 124.75 128.04 3.29 2.87 571 10.92
and 133.56 134.63 1.07 4.69 174 7.14
SC21-012 143.95 144.26 0.31 0.90 125 2.7
Whitehorse Gold Corp. 3 April 1, 2022
NR-22-05 – Continued
202.52 208.14 5.62 3.26 178 5.78
incl. 202.52 204.37 1.85 8.64 320 13.15
206.89 208.14 1.25 1.69 318 6.17
SC21-013 523.20 527.87 4.67 5.34 46 5.99
523.20 525.69 2.49 7.74 48 8.41
SC21-019
218.00 222.27 4.27 4.15 251 7.68
229.07 235.05 5.98 2.64 176 5.12
incl. 233.24 235.05 1.81 5.88 489 12.78
SC21-020 No significant assay results
SC21-021 307.50 325.00 17.50 3.34 478 10.08
incl. 312.95 317.26 4.31 10.45 1825 36.18
SC21-022 499.14 500.06 0.92 2.59 61 3.44
SC21-023 370.00 389.00 19.00 4.37 126 6.14
incl. 377.00 381.95 4.95 13.63 363 18.74
SC21-025 484.00 486.00 2.00 5.55 42 6.14
SC21-027
(step-out)
473.74 487.72 13.98 6.05 106 7.54
incl. 475.82 477.95 2.13 12.85 203 15.72
And 481.30 485.20 3.90 9.18 183 11.76
SC21-010 343.79 345.79 2.00 2.20 2 2.2
Skukum Creek deposit
(Rainbow Zone east) 398.39 400.39 2.00 0.00 160 2.3
SC21-014 No significant assay results
SC21-011 582.03 582.25 0.22 2.40 168 4.8
Skukum Creek deposit
(Rainbow 2 Zone, Berg
Zone)
588.75 589.49 0.74 0.30 129 2.1
SC21-015
226.40 243.58 17.18 7.90 100 9.1
incl. 226.40 228.81 2.41 9.40 90 10.4
incl. 239.34 243.58 4.24 26.80 350 30.8
SC21-016
480.15 480.30 0.15 1.90 93 3.2
515.38 516.30 0.92 9.40 249 12.9
548.19 548.37 0.18 1.40 38 2
SC21-017 323.32 325.32 2.00 4.65 52 5.38
352.27 352.65 0.38 0.76 188 3.41
SC21-018
277.73 288.31 10.58 4.97 39 5.51
incl. 282.55 285.66 3.11 15.09 101 16.52
319.00 338.55 19.55 2.19 18 2.45
incl. 330.15 330.37 0.22 16.15 69 17
And 332.89 333.65 0.76 11.90 122 13.62
And 336.40 336.90 0.50 36.10 37 36.62
SC21-024 392.05 392.91 0.86 21.00 66 21.9
SC21-026 335.29 336.41 1.12 3.20 208 6.1
Notes:
1. Drill location, elevation, azimuth, and dip of drill holes are provided in Table 2 below.
2. Composites are length weighted.
3. True width is estimated at 50-70% of drill intercepts.
4. Calculation for gold equivalent (“AuEq”) (g/t) = Au (g/t) + [Ag (g/t) x 0.0141] is based on the long -term median of
the August 2021 Street Consensus Commodity Price Fo recasts by BMO, which are US$1,600/oz for Au,
US$22.50/oz for Ag. Au:Ag ratio is 1:71.
5. Assumptions: AuEq calculation utilizes in situ contained Au and Ag and assumes 100% recovery.
Whitehorse Gold Corp. 4 April 1, 2022
NR-22-05 – Continued
Figure 1: Plan view of the Mt. Skukum deposit showing main zones, drill hole traces and drill hole collar
locations.
Whitehorse Gold Corp. 5 April 1, 2022
NR-22-05 – Continued
Figure 2: Mt. Skukum deposit - Lake Zone 1 section showing 2021 drill intercepts and select historic drill
intervals.
Whitehorse Gold Corp. 6 April 1, 2022
NR-22-05 – Continued
Figure 3: Plan view of the Skukum Creek deposit showing main zones, drill hole traces and drill hole collar
locations.
Whitehorse Gold Corp. 7 April 1, 2022
NR-22-05 – Continued
Figure 4: Skukum Creek deposit – Rainbow Zone section showing 2021 drill intercepts and select historic
drill intervals.
Whitehorse Gold Corp. 8 April 1, 2022
NR-22-05 – Continued
Figure 5: Plan view of the RACA Zone drill hole traces and drill hole collar locations.