White Gold Corp. Commences 2017 RAB Drilling Program
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White Gold Corp. Commences 2017 RAB Drilling Program
TORONTO, ONTARIO--(Marketwired – June 5, 2017)
White Gold Corp. (TSX.V: WGO) (the "Company") is pleased to announce that it has
commenced the initial RAB drilling programs on the Dime and Loonie properties. An estimated 50
to 60 drill holes, representing approximately 5,000 to 6,000 meters of drilling are planned
between the two properties. These drill holes comprise the first phase of a three phase drilling
program planned over 6 properties by the Company in 2017.
The drilling programs on both the Loonie and Dime properties will be managed by Dawson City,
Yukon based Ground Truth Exploration and will ut ilize their track mounted RAB drills. The drills
are designed to evaluate targets for potential, near surface mineralization at a lower cost and
reduced environmental impact compared to other drilling techniques previously utilized in the
White Gold district. Additionally, the programs will utilize on-site XRF analysis and downhole
optical televiewer surveys paired with 3D mode lling software for daily geologic, geochemical and
structural interpretation to guide the drill programs. Follow up diamond and/or RC programs will
be planned contingent upon exploration results.
The Dime and Loonie programs are planned to last approximately 4 weeks. Following these
programs, the RAB drills will mobilize to the Nolan and IND targets and details of those programs
and initial RAB drilling results from the Loonie and Dime projects will be provided in due course.
Details of the Phase 1 drilling programs are summarized below:
Loonie Property
The 2017 drilling program on the Loonie Property will consist of 25 to 30 RAB drill holes testing
over 700m of strike length and up to 100m depth along the Lira trend.
The Loonie Property is located 50km south of Dawson City, Yukon and consists of 499 claims
covering approximately 98,900 hectares. 2017 RAB drilling on the Loonie property will focus on
the Lira target, an approximately 75m x 740m, zone of anomalous gold in soils associated with
an E-NE trending shear zone(s). Mineralization along the zone is associated with strongly quartz-
sericite-clay altered and brecciated felsic orthogenesis with quartz veining, disseminated pyrite,
and locally visible gold. Grab samples performed by the Company in the area have returned
grades from trace up to 110.1 g/t gold. Historic RAB drilling on the target returned grades from
trace up to 20.7 g/t gold, which included 12.2m of 4.93 g/t Au from LOORAB14-01 (see the
Company’s News Release dated January 23, 2017 for more information).
Dime Property
The 2017 drilling program on the Dime Property will consist of 25 to 30 RAB drill holes testing
over 350m of strike length and up to 100m depth along both of the Gemini soil anomalies.
Additional work on the property will include airborne DIGHEM surveys, soil sampling, geologic
mapping/prospecting, DC IP-Resistivity surveys, and GT Probe sampling on other target areas to
advance them to drill ready status.
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The Dime property is located 65km south-southwest of Dawson City Yukon and consists of 245
claims covering approximately 5,014 hectares. 2017 RAB drilling will focus on the Gemini target
which consists of two approximately 325m x 200m, north-northeast trending, gold in soil
anomalies with values from trace up to 919 ppb Au that are associated with strongly anomalous
arsenic (>100 ppm As). Mineralization in the area is associated with strongly sericite altered
meta-sediments and fine grained meta-intrusive rocks with zones of quartz veining, brecciation,
and disseminated, oxidized, sulfides that appear to be associated with a series of N-NE trending,
moderately west dipping, faults that are interpreted as 2 nd-3rd order splays of a regional scale
east-west fault that transects the property. St ructurally and geochemically, the property shares
strong similarities to Goldcorp’s Coffee project, 75km to the southeast. (see the Company’s
News Release dated April 25, 2017 for more information).
In addition to the RAB drilling, exploration activities currently underway include:
Airborne Dighem surveys on the Bonanza, IND, Nolan, Toonie, Loonie, Dime, Black Hills,
Pedlar, and Betty properties.
IP-Resistivity surveys on the IND and Di me properties, with additional work planned on
the Nolan, Black Hills, Brew, and Wolf properties.
Drone surveys on the IND, Loonie, Dime, and Nolan properties, with additional work
planned on the Black Hills, Brew, Hayes, Wolf, and Pilot properties among others.
Initial soil and GT Probe surveys are also anticipated to commence within the next week.
The Company encourages individuals interested in the Company to visit its website
(www.whitegoldcorp.ca) to further understand the size and scope of the Company’s projects in
the White Gold District.
The analytical work for the 2017 program will be performed by Bureau Veritas Commodities
Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British
Columbia laboratory. Sample preparation will be carried out at its Whitehorse, Yukon facility. All
soil samples will prepared using procedure SS80 (dry at 60 C and sieve 100g at -80 mesh) and
analyzed by method AQ201 (aqua regia digestion and ICP-MS analysis). All rock, GT Probe,
and RAB samples will be prepared using procedure PRP70-250 (crush, split and pulverize 250 g
to 200 mesh) and analyzed by method FA430 (30g fire assay with AAS finish) and AQ200 (0.5g,
aqua regia digestion and ICP-MS analysis). Samples containing <10g/t Au will be reanalyzed
using method FA530 (30g Fire Assay with gravimetric finish). Metallic-screen analysis may also
be utilized if coarse gold mineralization is encounter (FS600).
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.
GroundTruth Exploration Inc. is owned by the spouse of a director of the Company. Potential
quantity and grade is conceptual in nature. There has been insufficient exploration to define a
mineral resource on any of the Company’s properties to date, and it is uncertain if further
exploration will result in any such target being delineated as a mineral resource.
Ground Truth Exploration Inc., Dawson City, YT, designed and managed all work for the
Company. The reported work was completed using industry standard procedures, including a
quality assurance/quality control (QA/QC) program consisting of the insertion of certified
standards, blanks, and field duplicates into the sample stream. The qualified person detected no
significant QA/QC issues during review of the data
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About White Gold Corp.
White Gold Corp. owns a portfolio of 15,258 quartz claims across 25 properties covering
approximately 305,440 hectares representing approximately 30% of the Yukon’s White Gold
District. Preliminary exploration work has produced several prospective targets. The claim
packages are bordered by sizable gold discoveri es owned by majors. 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 information 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 statements include, without limitation, statements
regarding the current or historical soil sampling results, future results of operations, performance
and achievements of the Company, future exploration activities and programs, including results
thereof and advancement of the Company’s 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 and 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 actual 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 information include that fact that soil sampling results
are preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit,
mineral exploration involves a high degree of risk and is highly speculative in nature, few
properties that are explored are ultimately developed into producing mines, geological factors,
the actual results and timing of current and proposed future exploration programs, changes in
project parameters as plans continue to be evaluated, as well as those factors described under
the heading "Risks and Uncertainties" in the Company’s most recently 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
White Gold Corp.
David D'Onofrio
Chief Executive Officer
(416) 643-3880