White Gold Corp. Announces 2017 Exploration Program
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SERVICES
February 15, 2017
White Gold Corp. Announces 2017 Exploration Program
White Gold Corp. (TSX.V: WGO) (the "Company") is pleased to announce details of its 2017
Exploration Program on the Company’s 297,000 hectare land package in the White Gold District
of the Yukon Territory, Canada. The focus of the fully funded program is to drill test new and
previously defined high priority gold-in-soil trends in the emerging White Gold District and to
further define and advance its other targets to drill ready status. Drill testing of previously identified
and similar scale gold-in-soil anomalies has led to the nearby gold discoveries currently owned
by Goldcorp Inc. (The Coffee Project) and Kinross Gold Corporation (The Golden Saddle Project).
Highlights:
• Extensive drill program starting May 2017 consisting of 200 drill holes (20,000m) to be
conducted on multiple targets on the Loonie, IND, Dime, Nolan and Black Hills properties
• Detailed soil sampling, geophysics and other exploration work will be performed to follow up
on newly discovered targets in 2016 and to further prepare other properties for drilling
• The Company’s exploration program is fully financed, having recently completed an $18
million financing in December 2016 including a $14.5 million investment by Agnico Eagle
Mines Limited
• Approximately $30 million in exploration expenditures have been incurred on the Company’s
properties to date
• The Company is the largest land holder in the White Gold district with 14,648 claims (297,000
hectares)
Summary
White Gold Corp. has acquired the largest land package in the prolific White Gold District of the
Yukon and assembled a board and management team with a combined 40+ years of experience
working in the Yukon. This team has also been directly involved with every recent major gold
discovery in the White Gold District. Previous exploration work on its properties has produced
several highly prospective targets. Further to the historic work performed and the encouraging
results from the 2016 work program (see Company News Release dated January 23, 2016), these
strategically located properties will undergo an extensive and fully funded exploration program
over the next 3 years.
White Gold Corp’s 2017 Exploration Program
The 2017 exploration program will be conducted on 22 of White Gold’s properties and include
RAB Drilling, Soil Sampling, Probe Sampling, Drone/X-CAM Surveys, DC IP-Resistivity, Airborne
Dighem Surveys and Geologic Mapping & Prospecting. The 2017 RAB Drilling will focus on the
Company’s high priority targets on the Nolan, IND, Loonie, Dime and Black Hills properties. The
planned supplementary work will be performed to advance other targets, particularly on the Nolan,
the Hunker, Bonanza, Brew, and Wolf properties, to drill-ready status for 2018. The work on the
remainder of the projects is designed to follow up on known areas of interest and/or meet
assessment requirements. A detailed summary of the work to be performed on each property will
be provided in future press releases.
The 2017 program is scheduled to commence in May an d conclude in October or later pending
the scope of additional work performed pursuant to exploration success. White Gold will follow up
on encouraging results with an expanded drill progr am as deemed appropriate. Supplementary
airborne magnetic-radiometric surveys, soil samplin g, geologic mapping and drone survey may
also be performed to further test the Company’s properties and as part of regional reconnaissance
efforts.
Shareholders are encouraged to visit the Company’s website ( www.whitegoldcorp.ca ) to further
understand the size and scope of the Company’s proj ects in the White Gold District and for a
summary of exploration results, maps and other relevant information.
Jodie Gibson, PGeo, of GroundTruth Exploration Inc., has acted as the qualified person under
National Instrument 43-101, and has reviewed and approved the content of this news release.
About White Gold Corp.
White Gold Corp. owns a portfolio of 14,648 quartz claims across 23 properties covering
approximately 297,000 hectares representing approxi mately 30% of the Yukon’s White Gold
District. Preliminary exploration work has produced several highly prospective targets. The claim
packages are bordered by sizable gold discoveries owned by majors including Kinross, Goldcorp
and Western Copper & Gold. The Company has outlined an aggressive exploration plan to further
explore its properties. For more information, visit www.whitegoldcorp.ca .
This news release contains forward-looking informat ion within the meaning of applicable
securities legislation. Forward-looking information is typically identified by words such as: believe,
expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by
their nature, refer to future events. Such statemen ts include, without limitation, statements
regarding the future results of operations, perform ance and achievements of the Company, the
date upon which the Company’s common shares commence trading under the symbol “WGO” on
the TSX Venture Exchange and advancement of the Properties. Although the Company believes
that such statements are reasonable, it can give no assurances that such expectations will prove
to be correct. All such forward-looking information is based on certain assumptions and analyses
made by the Company in light of their experience an d perception of historical trends, current
conditions and expected future developments, as well as other factors management believes are
appropriate in the circumstances. This information, however, is subject to a variety of risks and
uncertainties and other factors that could cause ac tual events or results to differ materially from
those projected in the forward-looking information. Important factors that could cause actual
results to differ from this forward-looking informa tion include those described under the heading
"Risks and Uncertainties" in the Company’s most rec ently filed MD&A. The Company does not
intend, and expressly disclaims any obligation to, update or revise the forward-looking information
contained in this news release, except as required by law. Readers are cautioned not to place
undue reliance on forward-looking information.
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 release.
CONTACT INFORMATION
David Schmidt, Chief Financial Officer
White Gold Corp.
T: (604) 630-6889
Email: [email protected]