White Gold Corp. Reports Expanded Soil Anomaly on Dime Project and Samples up to 919 ppb Gold
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April 24, 2017
White Gold Corp. Reports Expanded Soil Anomaly on Dime Project and Samples up to
919 ppb Gold
White Gold Corp. (TSX.V: WGO) (the "Company") is pleased to provide results from soil
sampling on the East Zone target of the Dime project, located within the Money claim area. The
Dime project is one of four claim blocks in the Money claim area, located 70km to the south-west
of Dawson City, YT . The claims border numerous historic mineral occurrences and placer gold
bearing creeks. The Company has also staked new claims over 6 of the Company’s target areas.
Highlights
• A total of 69 4 soil samples collected on the East Zone were sent to the laboratory for
analysis.
• Results for the samples ranged from trace up to 919 ppb Au.
• Expanded the footprint of the gold and arsenic in soil anomaly approximately 500m to the
north and 300m to the south, increasing the anomaly to a 2.2km x 1km area.
• Defined the Gemini and Polaris target areas that will be high priority targets for follow -up
work, including RAB drilling in 2017.
• Staked 606 new claims over 6 of the Company’s target areas.
David D’Onofrio, Chief Executive Officer of the Company, states: “ We are excited by the grade
and expansion of the Dime gold in soil anomalies based on these most recent soil samples.
Furthermore, the recent staking has added additional prospective area to our large portfolio of
properties. White Gold Corp. is looking forward to commencing our 2017 exploration program in
the coming weeks.”
A total of 694 soil samples from the East Zone target on the Dime property were submitted for
analysis. Results of the samples ranged from trace to 919 ppb Au and are typically associated
with strongly elevated arsenic (9.3 to 1,016 ppm As). The unglaciated terrain in the region results
in soil that is undisturbed, therefore samples are indicative of the rock directly below. The samples
were collected by Ground Truth Exploration Inc. in 2015, but previously had only been analyzed
via handheld XRF for pathfinder elements; primarily arsenic. The samples were collected as infill
samples (50m spaced lines x 25m spaced samples) on the northern and southern portions of the
East Zone and the initial XRF results indicated the potential to expand and refine the resolution
of the existing anomaly. The recent analytical results confirm the XRF analysis and expanded the
footprint of the zone an additional 500m north and 300m south.
The East Zone now consists of an approximately 2.2km x 1km zone of gold in soils >12 ppb Au
with numerous sub-targets of >60 ppb Au; the most significant consisting of the Gemini and
Polaris targets. The Gemini target consists of two approximately 325m x 200m, north -northeast
trending, gold in soil anomalies with values 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 and
brecciation that appear to be associated with a series of N-NE trending, moderately west dipping,
faults. The Gemini anomalies are separated by an approximately 60m wide, north trending, quartz
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porphyry dike and the current interpretation is that the anomalies likely originated as a coherent
zone of mineralization that were later separated by late intrusive and/or structural activity .
*Diamond drilling conducted on the East Zone in 2010 -11 (2,137m over 12 holes) by previous
operators was conducted to the southwest of the soil anomaly and did not test the Gemini target
area.
The Polaris target occurs approximately 600m northwest of the Gemini and consists of a newly
discovered 175m x 75m north trending zone of anomalous gold in soils (up to 894.5 ppb Au) that
is open to the north. The target is coincident with strongly elevated lead (up to 709.8 ppm Pb) and
only minor arsenic indicating it is associated with a different structural and/or lithologic control to
mineralization than the Gemini target.
Exploration on the East Zone in 2017 will consist of expansion of infill grid soil sampling, DC IP -
Resistivity surveys, geologic mapping/prospecting and an estimated 3,000m of RAB drilling over
the Gemini and Polaris targets. Additionally, numerous other targets are known on the property
that require follow-up investigation and may also be drill tested if warranted.
*Historic exploration results for the Dime Property are summarized in the “43 -101 Technical Report on the
Dime Project” dated February 9, 2012.
Claim Staking
An additional 606 new claims have been staked over 6 of the Company’s target areas. The staking
includes expansion of existing claim blocks in three areas (IND, Rice, & Pilot) and staking of three
new targets (Bell, Carlisle, & B GC) based on interpretation of regional geochemical and
geophysical datasets.
Further details regarding the results of Company’s upcoming 2017 exploration program will be
forthcoming as work is conducted.
The Company encourages individuals interested in the C ompany to visit its website
(www.whitegoldcorp.ca) to further understan d the size and scope of the Company’s projects in
the White Gold District.
The analytical work reported on herein was performed by Bureau Veritas Commodities Canada
Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia
laboratory. Sample preparation was carried out at its Whitehorse, Yukon facility. All soil samples
were 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).
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.
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 th e 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 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 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 expre ssions, or are those, which, by
their nature, refer to future events. Such statements include, without limitation, statements
regarding the 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 ap propriate 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. Importan t 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 of current
and future exploration, 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
David Schmidt, Chief Financial Officer
White Gold Corp.
T: (604) 630-6889
Email: [email protected]