White Gold Corp. Extends High‐Grade Mineralization at Golden Saddle 205m from Previous Mineralization and also within the Conceptual Pit Boundary including 3.59 g/t Gold over 68.0m and Identifies Multiple Continuous High‐
August 8, 2019
White Gold Corp. Extends High‐Grade Mineralization at Golden Saddle 205m
from Previous Mineralization and also within the Conceptual Pit Boundary
including 3.59 g/t Gold over 68.0m and Identifies Multiple Continuous High‐
Grade Structures at Vertigo including 11.64 g/t Gold over 5.34m
White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29 W) (the "Company") is pleased to provide an
update on its fully funded $13 million 2019 exploration program , announcing initial diamond drilling results on its
recent high‐grade Vertigo discovery and on its flagship Golden Saddle deposit, located in the prolific White Gold
District in Yukon, Canada. This first phase of diamond drilling was designed to test the geometry of the Vertigo target
and previously underexplored portions of the Golden Saddle deposit and surrounding area. The ongoing 2019
exploration program backed by partners Agnico Eagle Mines Limit ed (TSX: AEM, NYSE: AEM) and Kinross Gold Corp
(TSX: K, NYSE: KGC) includes diamond drilling on the Vertigo target (JP Ross property), Golden Saddle & Arc deposits
(White Gold property) as well as soil sampling, prospecting, GT Probe sampling , trenching and RAB/RC drilling on
various other properties across the Company’s expansive land package.
Highlights Include:
Initial assays from the 2019 drill program present strong first diamond drill results on the Vertigo target
and are among the best results to date at the Golden Saddle deposit.
All Vertigo diamond drill holes to date intersected gold mineralization and have identified a minimum of
6 high‐grade mineralized structures. Each structure displays strong continuity from surface to over 250m
down‐dip and remains open in all directions.
Diamond drilling on the Golden Saddle locally extended the GS M ain zone 205m down dip from historic
drilling, approximately doubling th e down dip extension in the area which previously only extended to
165m; added additional mineralization above the previously modeled ore body; and infilled several
strategic gaps in the resource model. Diamond drilling on the G S West successfully proved continuity of
the deposit both along strike and down dip, expanding the modelled mineralization beyond the envelope
included in the Company’s 2019 mineral resource estimate.
Golden Saddle: Hole WHTGS19D0198 returned 3.59 g/t Au over 68.0 m from 73m depth, including 8.11
g/t Au over 13.6m from 77m depth, and 2.31 g/t Au over 10.56m a t 179m depth. Hole WHTGS19D0212
returned 4.85 g/t Au over 27.5m from 38m depth, including 6.58 g/t Au over 9.0m from 51m depth.
Vertigo: Hole JPRVER19D0015 returned 0.42m of 141 g/t Au within a broader envelope of mineralization
that averaged 11.64 g/t Au over 5.34m from 3m depth and 18.46 g /t Au over 2.48m from 92m depth.
Hole JPRVER19D0005 returned 9.61 g/t Au over 4.15m from 20m depth, including 94.2 g/t Au over 0.32m
from 21m depth. Hole JPRVER19D006 returned 6.89 g/t Au over 1.2 2m from 4.66 depth, and 20.15 g/t
Au over 1.75m from 104.5m depth.
Additional exploration activity continues across the White Gold, JP Ross and multiple other regional
properties, with related soil sampling, prospecting, GT Probe s ampling, trenching and RAB/RC drilling
results to be released in due course.
Images to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration‐highlights/.
“We are very pleased with the initial results from our ongoing diamond drill program. At the Vertigo we have
confirmed the existence of multiple structures with high‐grade gold mineralization that display strong continuity
along strike and at depth. These results are very encouraging f or an initial diamond drill program and validate our
current interpretation for the Vertigo. We look forward to receiving additional results from the Vertigo drill program
and from ongoing exploration work on additional targets across the JP Ross property,” stated Jodie Gibson, VP
Exploration. “The initial results at Golden Saddle are among th e best holes drilled to date and significantly expand
the high‐grade mineralization within and beyond the current Golden Saddle resource boundary. This is all alongside
our regional exploration program, which continues to generate a strong pipeline of exciting new targets further
demonstrating the district scale opportunity across our unique portfolio of assets.”
Golden Saddle
The Golden Saddle, including the GS Main, GS Footwall and GS West zones, consists of a series of subparallel zones
trending NE‐SW and dipping to the NW at approximately 55 degree s with mineralization occurring along faults,
fractures and breccia zones in an overall normal to strike‐slip structural regime. Together, the zones define
mineralization over 1,500m strike length and up to 725m down di p. This includes a continuous high‐grade core of
mineralization >3 g/t Au on the GS Main that is up to 50m true‐ thickness and traceable over 500m of strike length
and from surface up to 530m down‐dip.
Results have been received for 4 infill holes in the central po rtion of the deposit targeting significant gaps in the
resource model on the GS Main zone. The results of the holes received to date show strong potential to refine and
add additional tonnage to the existing resource model through strategic infill drilling on the Golden Saddle.
Additionally, one step‐out hole was drilled on the northwestern margin of the deposit. The reported assay results
ranged from trace to 14 g/t Au. Significant results received to date are detailed below.
Drilling Highlights:
WHTGS19D0198
Hole x198 is located between historic holes WD‐021, WD‐030, and WGGS10D0115 and targeted a gap in the high‐
grade core (>3 g/t Au) on the GS Main zone. The gap in the model was controlled by adjacent historic hole WD‐030,
approximately 25m to the southwest of x198. WD‐030 returned 2.1 g/t Au over 7m before the mineralization was
truncated by a narrow lens of sheared serpentinite at the proje ction of the GS Main (1). Hole x198 targeted the GS
Main adjacent to the sheared serpentinite and intersected 3.59 g/t Au over 68m from 73m depth, including 8.11
g/t Au over 13.60m from 77m depth.
In addition to the GS Main, the hole intersected two additional zones. The upper zone is in the hanging wall above
the GS Main and returned 4.48 g/t Au over 3m from 22m depth. The lower zone was within a GS Footwall lens and
returned 2.31 g/t Au over 10.56m from 179m depth.
(1) See Underworld Resources New s Release dated June 23, 2009. Available on SEDAR.
WHTGS19D0199
Hole x199 is located 52m to the west of x198 and also targeted a gap in the high‐grade core on the GS Main
associated with historic hole WD‐030. Hole x199 intersected 4.0 7 g/t Au over 9.30m from 88m depth, including
7.81 g/t Au over 2.3m from 95m depth, associated with the GS Main. Two additional GS Footwall zones were
intercepted, including 1.51 g/t Au over 7.83m from 158.8m depth and 1.41 g/t Au over 8.8m from 292m depth.
WHTGS19D0210
Hole x210 is located 270m northwest of hole x199 and targeted a down‐dip extension of the GS Main in a previous
undrilled portion of the Golden Saddle. The hole returned 1.71 g/t Au over 12.69m from 242.12m depth, including
3.07 g/t Au over 5.81m from 249m d epth, and expanded the down‐d ip projection of the GS Main 205m from the
limits of historic drilling and beyond the limits of the resour ce, approximately doubling the down‐dip projection in
that area.
WHTGS19D0211
Hole x211 is located at the same pad as x199 and drilled at an azimuth of 120o, targeting an especially broad zone
of mineralization in the geologic model to better understand the geometry of mineralization in this important
portion of the deposit. The hole returned 2.46 g/t Au over 65m from 115.15m depth; including 4.23 g/t Au over
17m from 128m depth and 5.53 g/t Au over 3m from 170m depth refining and increasing the thickness of
mineralization in that area.
WHTGS19D0212
Hole x212 is located 90m to the east of hole x198 and infilled an area near the surface projection of the GS Main
between historic holes WD‐024, WD‐038, WD‐091, & WD‐095. The hole returned 4.85 g/t Au over 27.45m of from
37.55m depth, including 6.58 g/t Au over 9m from 51m depth. The upper portions of the hole were mineralized
with anomalous gold grades (>0.1 g/t Au) from surface and incorporating this material the overall composite is 2.27
g/t Au over 64m from 1m depth. The previous geologic model of the GS Main cut by hole x212 underestimated the
width of mineralization in the area and excluded up to 25m of > 3 g/t Au material from previous resource
calculations. To date we have received assays for the upper portion of hole x212 and assays the lower 170m of the
hole are in progress.
The results of the holes received to date show strong potential to refine and add additional tonnage to the existing
resource model through strategic infill and step out drilling on the Golden Saddle. Continued evaluation of the
resource model is in progress and additional infill holes may be recommended on areas with the potential to
upgrade the existing resources.
GS West
The GS West was discovered in 2018 and is located approximately 750m west and on trend with the GS Main and
contributed an estimated 62,500oz (1,1339,000 tonnes @ 1.45 g/t A u ) t o t h e C o m p a n y ’ s r e c e n t l y a n n o u n c e d
resource update(2). The initial 2019 drilling on the GS West was designed to step ‐out in all directions and evaluate
the geometry of the GS West zone beyond the limits of the current resource estimate.
Mineralization on the GS West is hosted within a strongly shear ed felsic orthogneiss unit with abundant coarse‐
grained potassium feldspar augens. The mineralization is simila r to Golden Saddle and consists of disseminated to
fracture controlled pyrite associated with moderate to strong s ericite‐clay alteration. Based on the drilling
conducted to date the mineralization appears to be strongest ne ar contacts of the orthogneiss of with overlying
mafic gneiss/schist units (amphibolite) and/or a lower meta‐sed imentary package of banded biotite quartz gneiss.
The felsic orthogneiss unit adjacent to these contacts is commonly pervasively sericite altered with localised zones
of brecciation and minor quartz veining and up to 5% pyrite mineralization.
(2) See White Gold Corp. News Release dated June 10, 2019. Ava ilable on SEDAR.
Drilling Highlights:
WHTGS19D0200
H o l e x 2 0 0 i s l o c a t e d o n t h e w e s t e r n e n d o f t h e G S W e s t a n d i s a 55m step‐out along strike to historic hole
WGAR11D0025. The hole returned 1.00 g/t Au over 25.85m from 14. 15m depth, including 1.40 g/t Au over 12m
from 12m depth with anomalous mineralization (>0.1 g/t Au) continuing for an additional 26.88m below the
reported intercept. Including this anomalous zone, the hole returned an overall intercept of 0.64 g/t Au over 52.73m
from 14.15m depth.
WHTGS19D0201
Hole x201 is located from the same pad at x200 above and return ed two closely spaced intercepts of 1.21 g/t Au
over 7m from 11m depth and 1.06 g/t Au over 17.55m from 25m dep th. The lower 17.55m interval also included
intercepts of 1.78 g/t Au over 2m from 26m depth and 1.43 g/t Au over 5.55m from 1.43m depth.
WHTGS19D0206
Hole x206 is located 104m to the northeast of x205 and was targeting the projection of the GS West approximately
140m down‐dip of hole WHTGS18D0184. The hole returned 0.82 g/t Au over 12.1m from 229.9m depth, including
1.79 g/t Au over 3.1m from 229.9m depth. This zone occurs withi n a 43m envelope (210 – 253m) of anomalous
mineralization with values ranging from 0.02 – 2.46 g/t Au.
HOLE ID Target FROM (m) TO (m) Length(m) Au g/t
WHTGS19D0198
Golden Saddle
22 25 3 4.48
and 73 141 68 3.59
incl. 77 90.6 13.6 8.11
and 179 189.56 10.56 2.31
WHTGS19D0199
Golden Saddle
88 97.3 9.3 4.07
incl. 95 97.3 2.3 7.81
and 158.8 171.22 7.83 1.51
and 292 300.8 8.8 1.41
WHTGS19D0200 GS West 14.15 40 25.85 1.00
incl. 28 40 12 1.4
WHTGS19D0201
GS West
11 18 7 1.21
and 25 42.55 17.55 1.06
incl. 26 28 2 1.78
and 37 42.55 5.55 1.43
WHTGS19D0206 GS West 229.9 242 12.1 0.82
incl. 229.9 233 3.1 1.79
WHTGS19D0207 GS West 330.8 332 1.2 4.15
WHTGS19D0208 GS West 222 224 2 2.26
WHTGS19D0210
Golden Saddle
242.12 254.81 12.69 1.71
incl. 249 254.81 5.81 3.07
incl. 251.85 253 1.15 9.81
WHTGS19D0211
Golden Saddle
115.15 180.15 65 2.46
incl. 128 145 17 4.23
and 170 173 3 5.53
WHTGS19D0212** Golden Saddle 37.55 65 27.45 4.85
incl. 51 60 9 6.58
*True thickness estimated at 80 – 95% of the reported intervals. Holes not listed above contained no significant values.
**Awaiting assays for bottom of hole.
Vertigo
The initial diamond drilling program on the Vertigo consists of 3 widely spaced fences (Sections VER‐000, 100W, &
200W) that transect across the core of the Vertigo target area to establish geometry as well as vertical and lateral
continuity on mineralized structures, previously intersected by 2018 RAB/RC drilling. The fences consist of 4 – 6
diamond drill set‐ups per fence , spaced approximately 110m apar t, with two holes drilled per set‐up at angles of
45o and ‐60o. To date, over 5,700m have been drilled on the Vertigo over 23 holes. Results have been received for
the first 11 holes (JPRVR19D0005 – 0015) and the drilling results will be discussed per fence/section.
Based on assays received to date, at least 6 subparallel structural zones have been defined and can be traced from
surface to over 250m down‐dip along individual structural zones . The envelope of alteration and mineralization
along the structures varies down dip and ranges from 0.5m – 30m in thickness. The grade profile varies down‐dip
along individual structures and is anticipated to vary along strike as is common in high‐grade, structural controlled,
gold deposits. The results are currently being interpreted to p roject individual zones laterally, across section, and
to follow up on interpreted plunge directions on the thickest and highest‐grade zones of mineralization.
Gold mineralization on the Vertigo is hosted within a series of high angle, south dipping, structures associated with
multiple phases of quartz‐sericite‐carbonate alteration with quartz veining and brecciation. Disseminated to semi‐
massive arsenopyrite‐galena‐pyrite and locally, visible gold oc c u r s w i t h t h e m i n e r a l i z e d z o n e s a n d t h e
mineralization shows a strong correlation with Ag‐Pb‐Bi. Assay values for the results received to date range from
trace to 141 g/t Au. Select sampl es from the mineralized interv als have been selected and are currently being re‐
analyzed using a Metallic‐Screen analysis due to the presence of coarse visible gold.
The mineralized structures transe ct 3 lithologic packages consi sting of an upper package of fine‐grained biotite‐
quartz‐feldspar gneiss (felsic gneiss) and amphibolite gneiss; a middle package of mafic schist, amphibolite,
muscovite schist, and banded quartz biotite gneiss; and a lower unit of medium to coarse grain biotite‐quartz‐
feldspar gneiss. Mineralization currently appears preferential to the upper felsic gneiss package with the highest‐
grade portions at or near litholo gic contacts, however, additio nal assays are required to fully evaluate this
relationship. Significant results are detailed below.
Section VER‐000
JPRVR19D0005 & 6
Holes x005 & 6 were drilled from the same pad and are located in the center of the section VER‐000. Hole x005 was
drilled at a ‐45 o dip and intercepted 4 gold bearing zones with the most signifi cant consisting of 9.61 g/t Au over
4.15m from 20m depth; including 94.2 g/t Au over 0.32m from 21m depth.
Hole x006 was drilled at a ‐60o dip and intercepted 4 gold bearing zones with the most significant consisting of 6.89
g/t Au over 1.22m from 4.66m depth; 9.58 g/t Au over 1.1m from 24.92m depth; and 20.15 g/t Au over 1.75m from
104.5m depth; including of 36.2 g/t Au over 0.5m from 105.75m depth.
Section VER‐100W
JPRVR19D0007 & 8
Holes x007 & 8 were drilled from the same pad and are located 1 10m to the south of holes x005 & 6 on section
VER‐000. Hole x007 was drilled at a ‐45o dip and intercepted 4 gold bearing zones with the most significant
consisting of 51.4 g/t Au over 0.75m from 14.85m depth.
Hole x008 was drilled at a ‐60o dip and intercepted 4 gold bearing zones with the most significant consisting of 1.17
g/t Au over 1.4m from 81.6m depth and 1.64 g/t Au over 1m from 91.75m depth.
JPRVR19D0010 & 13
Holes x010 & 13 were drilled from the same pad and are located 115m to the west of holes x005 & 006 on section
VER‐100. Hole x010 was drilled at a ‐45 o dip and collared into a 27m zone of strong alteration with 3 go ld bearing
zones with the most significant consisting of 36.2 g/t Au over 0.7m from 6.4m depth.
Hole x011 was drilled at a ‐60o dip and collared into a 31m zone of strong alteration with 3 gold bearing zones with
the most significant consisting of 3.48 g/t Au over 0.57m from 7.28m depth and 1.69 g/t Au over 2.5m from 16.5m
depth.
JPRVR19D0015 & 16
Holes x015 & 16 were drilled from the same pad and are located 105m to the south of holes x010 & 013 on section
VER‐100. Hole x015 was drilled at a ‐45 o dip and intercepted two zones of high‐grade mineralization. Th e upper
zone returned 141 g/t Au over 0.42m from 6.2m depth within a ha lo of mineralization that averaged 11.64 g/t Au
over 5.34m from 3m depth. The lo wer intercept returned 18.46 g/ t Au over 2.48m from 92m depth and projects
on trend with mineralization intercept at the tops of holes x010 & x013.
Hole ID From (m) To (m) Interval (m) Au (g/t)
JPRVER19D0005 5 6.9 1.9 3.41
and 20 24.15 4.15 9.61
incl. 21 21.32 0.32 94.2
and 52 54 2 1.56
JPRVER19D0006 4.66 5.88 1.22 6.89
and 24.92 26.02 1.1 9.58
and 104.5 106.25 1.75 20.15
incl. 105.75 106.25 0.5 36.2
JPRVER190007 14.85 15.6 0.75 51.4
and 180 181.1 1.1 1.26
JPRVER190008 81.6 83 1.4 1.17
and 91.75 92.75 1 1.64
JPRVER190009 25.43 26 0.57 4.88
and 87.16 88 0.84 2.81
and 90.8 91.6 0.8 14.55
JPRVER190010 6.4 7.1 0.7 36.2
and 12.5 13.1 0.6 1.2
JPRVER190013 7.28 9 1.72 1.22
and 16.5 19 2.5 1.69
JPRVER190014 18 18.85 0.85 2.18
JPRVER190015 3 8.34 5.34 11.64
incl. 6.2 6.62 0.42 141
and 92 94.48 2.48 18.46
*Interpretation of the results is ongoing and there is not curr ently enough information to estimate true thickness of the mine ralized zones.
Holes not listed above contained no significant values.
QA/QC
The analytical work for the 2019 drilling program will be performed by ALS Canada Ltd. an internationally recognized
analytical services provider, at its Vancouver, British Columbi a laboratory. Sample preparation was carried out at
its Whitehorse, Yukon facility. All RC chip and diamond core sa mples will be prepared using procedure PREP‐31H
(crush 90% less than 2mm, riffle split off 500g, pulverize split to better than 85% passing 75 microns) and analyzed
by method Au‐AA23 (30g fire assay with AAS finish) and ME‐ICP41 (0.5g, aqua regia digestion and ICP‐AES analysis).
Samples containing >10g/t Au will be reanalyzed using method Au‐GRAV21 (30g Fire Assay with gravimetric finish).
The reported work will be completed using industry standard procedures, including a quality assurance/quality
control (“QA/QC”) program consisting of the insertion of certif ied standard, blanks and duplicates into the sample
stream.
About White Gold Corp.
The Company owns a portfolio of 22,040 quartz claims across 35 properties covering over 439,000 hectares
representing over 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a
mineral resource of 1,039,600 ounces Indicated at 2.26 g/t Au and 508,700 ounces Inferred at 1.48 g/t Au.
Mineralization on the Golden Saddle and Arc is also known to ex tend beyond the limits of the current resource
estimate. Regional exploration work has also produced several o ther prospective targets on the Company’s claim
packages which border sizable gold discoveries including the Co ffee project owned by Newmont Goldcorp
Corporation with a M&I gold resource (3) of 3.4M oz and Western Copper and Gold Corporation’s Casino pr oject
which has P&P gold reserves(3) of 8.9M oz Au and 4.5B lb Cu. For more information visit www.whitegoldcorp.ca.
(3) Noted mineralization is as disclosed by the owner of each p roperty respectively and is not necessarily indicative of the m ineralization hosted on the
Company’s property.
Qualified Person
Jodie Gibson, P.Geo., Vice President of Exploration for the Company is a “qualified person” as defined under
National Instrument 43‐101 Standards of Disclosure for Mineral Projects, a n d h a s r e v i e w e d a n d a p p r o v e d t h e
content of this news release.
Cautionary Note Regarding Forward Looking Information
This news release contains "forward‐looking information" and "forward‐looking statements" (collectively, "forward‐
looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than
statements of historical fact, are forward‐looking statements a nd are based on expectations, estimates and
projections as at the date of this news release. Any statement that involves discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not
always using phrases such as "expects", or "does not expect", " is expected", "anticipates" or "does not anticipate",
"plans", “proposed”, "budget", "scheduled", "forecasts", "estim ates", "believes" or "intends" or variations of such
words and phrases or stating that certain actions, events or re sults "may" or "could", "would", "might" or "will" be
taken to occur or be achieved) are not statements of historical fact and may be forward‐looking statements. In this
news release, forward‐looking statements relate, among other th ings, the Company’s objectives, goals and
exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential
of the Company, including whether any proposed exploration prog rams at any of the Company’s properties will be
successful; exploration results; and future exploration plans and costs and financing availability.
These forward‐looking statements are based on reasonable assumptions and estimates of management of the
Company at the time such statements were made. Actual future re sults may differ materially as forward‐looking
statements involve known and unknown risks, uncertainties and o ther factors which may cause the actual results,
performance or achievements of the Company to materially differ from any future results, performance or
achievements expressed or implied by such forward‐looking statements. Such factors, among other things, include:;
expected benefits to the Company relating to exploration conduc ted and proposed to be conducted at the
Company’s properties; failure to identify any additional minera l resources or significant mineralization; the
preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing
needed in the future, including to fund any exploration programs on the Company’s properties; business integration
risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and
forward prices of gold, silver, base metals or certain other co mmodities; fluctuations in c urrency markets (such as
the Canadian dollar to United States dollar exchange rate); cha nge in national and local government, legislation,
taxation, controls, regulations and political or economic developments; risks and hazards associated with the
business of mineral exploration, development and mining (includ ing environmental hazards, industrial accidents,
unusual or unexpected formations pressures, cave‐ins and flooding); inability to obtain adequate insurance to cover
risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral
exploration; employee relations; relationships with and claims by local communities and indigenous populations;
availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral
exploration and development (including the risks of obtaining ne c e s s a r y l i c e n s e s , p e r m i t s a n d a p p r o v a l s f r o m
government authorities); the unlikelihood that properties that are explored are ultimately developed into producing
mines; geological factors; actual results of current and future exploration; changes in project parameters as plans
continue to be evaluated; soil sa mpling results being prelimina ry in nature and are not conclusive evidence of the
likelihood of a mineral deposit; t itle to properties; and those factors described in th e most recently filed
management’s discussion and analysis of the Company. Although the forward‐looking statements contained in this
news release are based upon what management of the Company believes, or believed at the time, to be reasonable
assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward‐
looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on forward‐looking statements and information. There can be
no assurance that forward‐looking information, or the material factors or assumptions used to develop such
forward‐looking information, will prove to be accurate. The Com pany does not undertake to release publicly any
revisions for updating any voluntary forward‐looking statements, except as required by applicable securities law.
Neither the TSX Venture Exchange (the “Exchange”) nor its Regul ation Services Provider (as that term is defined
in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.