White Gold Corp. Reports 2016 Exploration Results: Assay Results up to 110 g/t Au from Grab Samples Along Lira Trend
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January 23, 2017
White Gold Corp. Reports 2016 Exploration Results: Assay Results up to 110 g/t Au from
Grab Samples Along Lira Trend
White Gold Corp. (TSX.V: WGO) (the "Company") is pleased to provide results from its 2016
exploration program in the White Gold District of the Yukon Territory. The Company has
successfully defined drill ready structurally controlled gold targets similar to Goldcorp Inc.’s Coffee
deposit and Kinross Gold Corporation’s Golden Saddle deposit also located in the White Gold
District of the Yukon. Furthermore, the Company’s 2016 exploration efforts have identified new
prospects to add to its strong pipeline of projects for future exploration. The following news release
is intended to orient readers on the scale and scope of the 2016 exploration program. More detailed
information about each drill ready project and an outline of the planned 2017 exploration program
will follow.
Summary of Highlights
• 2016 results confirm drill ready targets at Nolan, Loonie, IND, Dime, and Bonanza Properties
• 110 g/t Gold from rock grab sample along Lira Trend, Loonie Property
• 11,620 soil samples taken on nine properties
• 2,456 quartz claims staked covering newly identified prospective areas
• The Company is the largest land holder in the district with 14,648 claims (297,000 hectares)
• Fully financed, recently completed a $18 million raise in December 2016, including $14.5
million from Agnico Eagle Mines Limited
• Approximately $30 million in historic exploration expenditures have been incurred on the
properties
Summary
White Gold Corp. has recently acquired the largest land package in the prolific White Gold District
of the Yukon and has also assembled a corporate team which has been directly involved with every
major gold discovery in the White Gold district during this era. Preliminary exploration work on these
properties has produced several highly prospective targets. Further to the historic work performed
and the encouraging results of the 2016 work program as described below, the strategically located
properties will undergo an extensive and fully funded exploration program over the following 3
years.
The 2016 exploration program, completed in the late fall, was comprised of 11,620 soil samples
taken on 9 of the Company’s 23 properties. These samples consisted of ridge and spur
reconnaissance soils as well as follow up grids on known anomalies. Soil sampling is an ideal tool
for exploration in the White Gold District as the area has not been glaciated and there is a well-
developed in place soil profile. In addition to the soil sampling, Drone and/or X-CAM aerial
photographic Surveys, Resistivity Geophysical Surveys, detailed geologic mapping and
prospecting, GT Probe bedrock sampling, and a compilation of historic work in the White Gold
District was also completed.
Further to the work performed on the existing proje cts, the 2016 exploration program also led to
new encouraging gold-in-soil results and associated pathfinder elements. Consequently, the
Company conducted a staking program to consolidate its land position around several of these key
soil anomalies, as well as to add entirely new proj ects to the portfolio staking an additional 2,456
claims. The Company now owns a total of 14,648 claims (297,000 hectares), making it the largest
land holder in the White Gold District. These claims cover 6 project areas: The Sixty Mile, Klondike,
Money, White-Stewart, Coffee Trend and Beaver Creek , comprising 23 properties in total. With
the December 2016 financing of $18 million completed, the Company sits in a unique position with
its three year exploration plan fully funded.
Shawn Ryan, Director and Chief Technical Advisor st ated “Our soil sampling and prospecting
program in 2016 significantly increased our understanding of the numerous gold targets across our
property portfolio in the White Gold District. Wi th this new information and the data from the
approximately $30 million in past expenditures, the company looks forward to our 2017 program
where we will begin to systematically drill test several of these gold trends. We also made significant
progress in defining new areas not previously known in the District”
The Company encourages individuals interested in th e 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.
2016 Work Program Summary
Money Claim Area
Loonie Property
The Loonie property is located 70 kilometers South West of Dawson City, Yukon Territory adjacent
to the Yukon River. Historic exploration work conducted on the Lira was by a private 3 rd party from
2011 - 2014 and was not previously publicly disclos ed. The historic work included 6,913 soil
samples; ground magnetic and IP-Resistivity surveys; drone aerial photography; trenching (1,925m
over 17 trenches); and minor RAB drilling (612.65m over 8 holes).
A bulk of the historic work was focused on the Lira target which consists of an E-NE trending 75m
wide x 740m long gold in soil anomaly with values r anging from trace to 3,700 ppb Au. The soil
anomaly is associated with a 5 – 15m wide E-NE tren ding shear zone with strongly quartz-sericite-
clay altered and brecciated felsic orthogenesis with quartz veining, disseminated pyrite, and, locally,
visible gold that was traced for 400m of strike len gth by subsequent trenching and RAB drilling.
Highlights of the historic work include 10m of 13.3 g/t Au from trench LOOTR12-15 and 12.2m of
4.93 g/t Au, including 1.52m of 20.7 g/t Au, from drill hole LOORAB14-01.
Table 1: Historic Loonie Property Trench Results*
Trench ID Target From(m) To(m)
Au
(g/t) Length
LOOTR12-07 Lira No significant results
LOOTR12-08 Lira 20 30 1.13 10
LOOTR12-09 Lira 20 35 1.61 15
LOOTR12-10 Lira 30 35 3.34 5
LOOTR12-11 Lira No significant results
LOOTR12-12 Lira No significant results
LOOTR12-13 Lira 40 45 0.36 5
LOOTR12-14 Lira No significant results
LOOTR12-15 Lira 5 15 13.3 10
Including 5 10 25.2 5
LOOTR12-16 Lira No significant results
LOOTR12-17 Lira No significant results
Table 2: Historic Loonie Property RAB Drill Results*
Hole ID From(m) To(m) Au (g/t) Length
LOORAB14-01 0 12.19 4.93 12.2
Including 7.62 9.14 20.7 1.52
LOORAB14-02 No significant results
LOORAB14-03 1.52 10.67 0.323 9.10
LOORAB14-04 24.38 36.58 0.353 12.2
LOORAB14-05 No significant results
LOORAB14-06 No significant results
LOORAB14-07 12.19 16.76 0.515 4.57
LOORAB14-08 7.62 24.38 0.899 16.76
Including 19.81 24.38 2.11 4.57
*The Company advises that the reported trenching an d RAB drilling results are historic in nature
and have not been verified.
The Companies 2016 exploration activities were focused on, and on trend to the south of, the Lira
Zone with an emphasis on lithologic and structural mapping to help guide future drilling activities. A
total of 10 rock grab & chip samples were collected with assays ranging from trace to 110 g/t Au.
Two grab samples of strongly silicified and breccia ted felsic gneiss with fine grained visible gold
collected near trench LOOTR12-15 returned 99.2 g/t Au and 110.1 g/t Au and are associated with
strongly elevated Ag (up to 36 ppm) and Te (up to 5 5 ppm). Based on the revised geologic
interpretation for the Lira it appears that historic RAB drilling in the area was oriented subparallel to
the mineralized zone, indicating that a significant number of the historic holes did not intercept, or
just clipped, the mineralized structure. Additionally, there are indications in the geophysical data for
additional, untested, parallel structures in the Lira area.
Dime Property
Activities in 2016 focused on the East Zone target area with an emphasis on lithologic and structural
mapping to help guide RAB drilling activities planned for 2017.
Historic exploration results for the Dime Property are summarized in the “43-101 Technical Report on t he
Dime Project” dated February 9, 2012. Yukon Assessment report YEIP 2013-027.
Reba Property (New Property)
231 claims staked covering a new target area immedi ately to the Northwest of Kinross Gold
Corporation’s JP Ross property.
For area maps and more information please visit: www.whitegoldcorp.ca/projects/money/snapshot/
Sixty Mile Claim Area
Nolan Property
The Nolan property is located approximately 50 km w est of Dawson City, Yukon, along the Sixty
Mile River, a road accessible area with considerable historic and on-going placer gold activity. The
property covers multiple exploration targets that t he Company consolidated into one large
contiguous block of claims after a review of all known data in the area. Historic work on the property
was completed by various 3 rd party companies and individuals and consisted of soil sampling (9,302
samples), rock grab and chip sampling (289 samples), and minor trenching (206m over 2 trenches).
A total of 1842 soil samples were collected in 2016 focusing on the Cali, Nine and Boucher target
areas, plus additional ridge & spur reconnaissance samples. Assay values for the 2016 samples
ranged from trace to 515.6 ppb Au.
The most significant anomaly on the Nolan property defined to date is the Cali target which consists
of a 2.5 km long by 250 m wide zone of anomalous gold in soils open in both directions along strike.
Soil assay values from the Cali range from trace to 515.6 ppb gold and are associated with strongly
anomalous As, Bi, Pb, Sb, Ag, Cu, and Zn.
Historic exploration results for the Nolan area are summarized in the “Geological, Geochemical, and
Trenching Assessment Report of the Fifty Mile Project, Sixty Mile area, Yukon Territory” dated March 3, 2015.
For area maps and more information please visit: ww w.whitegoldcorp.ca/projects/sixty-
mile/snapshot/
Klondike Claim Area
IND property
The IND property is located thirty kilometers south of Dawson City, Yukon territory and is road
accessible. Historic work on the IND included 2,542 soil samples; airborne magnetic and
radiometric surveys; 3,127m of trenching over 20 trenches, and 1316.73m of diamond drilling over
7 holes (see Aldrin Resource Corp. NR’s dated July 6, 2009, Nov. 4, 2010, and Oct. 27, 2011 for
summaries of historic exploration results).
Work on the property in 2016 included the collectio n of 194 GT Probe bedrock interface samples
over 11 lines; covering a 130 m by 260 m area. Assa y values range from trace to 2.61 g/t Au and
are associated with strongly elevated As. The sampl es were taken within the center of a 170m x
1km Au-As soil anomaly (from trace to 1273 ppb Au) and mineralization is associated with sheeted
– stockwork quartz veining and up to 1% disseminate d pyrite-arsenopyrite in strongly sericite
altered granite. The GT Probe results confirm the presence of in situ mineralization beneath the soil
anomaly and the observed geological, geophysical an d geochemical results indicate the
mineralization is occurring along an E-NE trending structural corridor that was untested by historic
exploration on the property.
For area maps and more information please visit:
www.whitegoldcorp.ca/projects/klondike/snapshot/
White-Stewart Claim Area
The Company has nine properties in this area coveri ng an 80 km trend adjacent to Kinross Gold
Corporation’s Golden Saddle Deposit and JP Ross property.
Hen Property
A total of 660 soil samples were collected and consisted of reconnaissance lines with assay results
ranging from trace up to 199.4 ppb gold. The strong est gold assay (199.4 ppb) occurs 50m north
of a 195 ppb Au sample and both are associated with strongly anomalous Cu (up to 1191 ppm).
There is no geologic information for this area and it will require follow up work in 2017 including grid
soil sampling and prospecting.
Historic exploration results on the Wolf Property are summarized in “Prospecting, soil geochemistry,
airborne and radiometric surveying, and air photo-orthophoto surveying on the Hen project, White
Gold district, Yukon Territory, Canada” dated Janua ry 29, 2013. Yukon Assessment Report
#096305.
Black Hills Property
A total of 2,267 soil samples were collected and co nsisted dominantly of infill grid sample on the
Glen Breton, Bushmills, Bowmore, Ben Nevis and CC t arget areas. The purpose of the sampling
was to infill and confirm historic gold in soil ano malies in the target areas previously reported by
Smash Minerals in 2011*. Assay results from the 2016 sampling ranged from trace up to 1594 ppb
Au.
The most significant results were returned from the Bowmore zone which consists of a 200m x
2.3km zone, NW trending zone of anomalous gold in soils (up to 1594 ppb Au). Based on previous
geologic mapping in the area, the soil anomaly is c oincident with a zone(s) of quartz veining and
quartz-feldspar porphyry dikes within a meta-gabbro.
Historic exploration results on the Black Hills Property are summarized in “43-101 Technical Report
on the Whiskey Property, Yukon Territory, Canada for Smash Minerals Corp” dated Dec. 12, 2011.
CLW Property
A total of 306 soil samples were collected. Assay values range from trace up to 261.8 ppb Au. This
property is contiguous to the North boundary of Kinross Gold Corporation’s White Gold property.
Barker Property
A total of 2,509 soil samples were collected consisting of reconnaissance sampling and minor follow
up sampling to existing gold + multi-element anomal ies. Assay results ranged from trace to 26.4
ppb Au. Localized samples also contained elevated As (Cu (up to 618.5 ppm), Pb (up to 1720 ppm),
& Zn (up to 1269 ppm).
Historic exploration results on the Barker Property are summarized in “43-101 Technical Report on
the Whiskey Property, Yukon Territory, Canada for Smash Minerals Corp” dated Dec. 12, 2011
Pedlar Property
A total of 2,563 soil samples were collected consisting of reconnaissance samples and minor follow
up sampling to existing gold + multi-element anomalies. Assay values ranged from trace to 288 ppb
Au. Multiple anomalous gold in soil samples (>50 ppb) were identified in the area and require follow
up work in 2017 including grid soil sampling and prospecting.
Historic exploration results on the Pedlar Property are summarized in “Prospecting, soil
geochemistry, airborne and radiometric surveying on the Bridget project, White Gold district, Yukon
Territory, Canada” dated January 29, 2013. Yukon Assessment report #096304.
For area maps and more information please visit: ww w.whitegoldcorp.ca/projects/white-
stewart/snapshot/
Coffee Trend-West Claim Area
Wolf Property
The Wolf property is located 40 km west of Goldcorp ’s Coffee project. A total of 333 soil samples
were collected in 2016 and consisted of infill soil sampling on a historic grid. Assays ranged from
trace to 253.6 ppb Au and define a 200m x 1.3 km, N E trending zone of anomalous gold in soils
associated with elevated As, Bi, Cu, Mo, & Pb. This includes a 70m x 250m zone of samples in the
center of the anomaly >50ppb Au. The soil anomaly appears to be associated with a strongly altered
felsic volcanic unit with, locally, strongly disseminated pyrite (up to 5%).
Historic exploration results on the Wolf Property are summarized in “Prospecting, soil geochemistry, airborne
and radiometric surveying, and air photo-orthophoto surveying on the Wolf project, White Gold district, Yukon
Territory, Canada” dated December 24, 2012. Yukon A ssessment Report #096157.
Rice Property (New Property)
52 claims staked covering new target approx. 35 km north west of the companies Wolf property.
For area maps and more information please visit: ww w.whitegoldcorp.ca/projects/coffee-trend-
west/snapshot/
Beaver Creek Claim Area
Pilot Property
A total of 694 soil samples were collected and consist of reconnaissance samples and minor follow
up sampling to existing gold + multi-element anomalies. Assay values ranged from trace up to 637.7
ppb gold and are associated with strong elevated As (+/-Sb). Combined with historic soils from the
area they define a 500m x 1km anomaly that is open in all directions.
Historic exploration results on the Pilot Property are summarized in “Geochemical Report – Pilot 1
– 12 Claims” dated August 9, 2010. Yukon Assessment report #095238
Wels Property
A total of 503 soil samples were collected and consists of reconnaissance samples and minor follow
up sampling to existing gold + multi-element anomal ies. Assay values ranged from trace to 59.2
ppb Au.
Historic exploration results on the Wels Property are summarized in “Geochemical Report – WELLS
1 – 301 Claims” dated January 19, 2014. Yukon Asses sment report YEIP 2013-027.
For area maps and more information please visit: ht tp://whitegoldcorp.ca/projects/beaver-
creek/snapshot/
The company had also contracted CGG Canada Services Ltd to conduct helicopter-borne Digem
survey on several properties. A total of 510 line k ms over the Bonanza, Nolan, and Black Hills
properties were flown. A total of 4,700 line kms co vering 15 different geochemical targets was
originally planned, but the surveys could not be completed due to poor weather conditions Despite
the limited production, the surveys produced high quality data that will significantly aid in geological
interpretation and exploration planning. The Compan y plans to fly the remaining surveys in the
Spring of 2017.
Methodology and QA/QC
The analytical work reported on herein was performe d by Bureau Veritas Commodities Canada
Ltd., an internationally recognized analytical serv ices provider, at its Vancouver, British Columbia
laboratory. Sample preparation was carried out at its Whitehorse, Yukon facility. All rock and GT
Probe samples were 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 conta ining <10g/t Au were reanalyzed using
method FA530 (30g Fire Assay with gravimetric finis h). All soil samples were prepared using
procedure SS80 (dry at 60 C and sieve 100g at -80 m esh) and analyzed by method AQ201 (15g
aqua regia digestion and ICP-MS analysis). Ground T ruth 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. Standard,
blank, and duplicate samples were inserted in the sample sequence for all soil, rock, and GT Probe
samples sent in for analysis. The Qualified Person detected no significant QA/QC issues during
review of the data.
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 o wned 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 information within the meaning of applicable securities
legislation. Forward-looking information is typical ly 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 future
results of operations, performance 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. Althou gh the Company believes that such
statements are reasonable, it can give no assurance s 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 per ception 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 facto rs that could cause actual results to differ from
this forward-looking information include those desc ribed 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. Reade rs 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]