White Gold Corp. Trenches 83.13 g/t Gold over 2.2m, 30.86 g/t Gold over 7m and 24.86 g/t Gold over 7m on Vertigo and Encounters High-Grade Trench Results on Multiple New Targets Further Demonstrating Regional Scale High
October 17, 2019
White Gold Corp. Trenches 83.13 g/t Gold over 2.2m, 30.86 g/t Gold over 7m
and 24.86 g/t Gold over 7m on Vertigo and Encounters High-Grade Trench
Results on Multiple New Targets Further Demonstrating Regional Scale High
Grade Mineralization Across the JP Ross Property
White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce
positive trench and surface sample results on the Vertigo target and other surrounding targets on its JP Ross (“JPR”)
property, including the Sabotage, North Frenzy and Topaz targets. These results further validate at least four high -
grade gold trends over a 15km by 15km area, including 10 gold targets on the JPR property located 25km north-east
of the Company’s flagship Golden Saddle & Arc deposit . The 2019 trenching and surface sampling program was
designed to follow up on an d obtain a better understanding of the targets ’ specific host rocks, styles of
mineralization, structur al controls and to ultimately define drill targets on these newly discovered gold in soil
anomalies, with follow up RAB drilling to be conducted in the current an d future seasons. The Company’s fully-
funded $13 million 2019 exploration program backed by partners Agnico Eagle Mines Limited (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, trenching and RAB/RC
drilling on various other properties across the Company’s expansive land package located in the prolific White Gold
District, Yukon, Canada.
Highlights Include:
• Vertigo and surrounding targets produced some of the highest-grade trench results to date with assays
ranging from trace to 140 g/t Au, on the road accessible JPR property.
• Results further validate a robust regional-scale, structurally controlled, mineralized system across at least
four identified high-grade gold trends over 15km x 15km area, including at 10 gold targets identified to
date on the JPR property.
• Vertigo trenches included JPRVER19T010 encountering 24.86 g/t Au over 7m, including 53.43 g/t Au over
3.2m and 125.5 g/t Au over 1m; JPRVER19T011 encountering 30.86 g/t Au over 7m, including 102.15 g/t
Au over 2m and JPRVER19T013 encountering 83.13 g/t Au over 2.2m, including 120 g/t Au over 1m.
• JPR property trench JPRSAB19T016 on the Sabotage target returned 2.69 g/t Au over 10m, including 4.49
g/t Au over 2.5m, and grab samples up to 14.4 g/t Au; Trench JPRNRF19T008A on the North Frenzy target
returned 2.48 g/t Au over 5m, including 4.02 g/t Au over 2m; Trench JPRTOP19T005 on the Topaz target
returned 0.368 g/t Au over 18m, including 1.03 g/t Au over 7m.
• Regional exploration activity is ongoing across the White Gold, JP R and Hen (Titan target) properties,
with related soil sampling, prospecting, GT P robe sampling, trenching and RAB/RC drill results to be
released in due course.
• Additional drill results for the Vertigo discovery and the QV deposit are forthcoming and will be released
in due course.
Images to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.
“We are extremely pleased with the continued ultra -high-grade results on the Vertigo and newly discovered
Sabotage, Topaz and North Frenzy targets on our JP Ross property, further validating that the abundant high-grade
gold mineralization is part of a robust regional scale structurally controlled system. To date at least 10 gold targets
have been identified on this property , supporting our theory that Vertigo is one of many potential deposits in the
area,” stated David D’Onofrio, C hief Executive Officer. “We have now identified at least four distinct gold trends
across a 15km by 15km area on the property, including the 1,500m Vertigo trend, which appears to be a source of
the rich placer production in the area. This program provided valuable insight into the orientation and geometry of
the mineralized systems - information that will be used as part of our scientific and data driven approach to identify
drill targets to be followed up on in in the current and future seasons.”
JP Ross Property
A total of 62 trenches /pits over 1,625m were placed on 9 target areas across the JP Ross property. The trenches
ranged from 2m – 59m in length and ranged in depth from 0.5m to >2m in depth, depending on location and ground
conditions. The trenching was conducted using a Can -Dig heliportable excavator with five Vertigo trenches
(JPRVER19T010 – JPRVER19T014) excavated into bedrock using a tracked excavator. Continuous composite chip
samples were collected from each trench in lengths ranging from 0.5 – 4m (avg. 2.27m) and individual assays for
the chip sampling ranged from trace to 140 g/t Au. Grab samples were also collected from selected trenches with
results received to date ranging from trace to 38.9 g/t Au. The most significant results were returned from the
Vertigo, Sabotage, North Frenzy and Topaz targets and discussed in more detail below.
Vertigo
A total of 16 trenches were excavated in the Vertigo area . The initial 11 trenches were designed to evaluate and
expand the mineralized trends identified on the target . The final five trenches utilized a tracked excavator that
could expose additional in-situ alteration and mineralization deeper into the bedrock. The most significant results
are discussed in more detail below.
JPRVER19T006 was placed on the western extent of the Vertigo to follow up on high grade prospecting samples in
the area. The trench returned 4.17 g/t Au over 2m and 1.54 g/t Au over 2m from opposite ends of the trench,
confirming bedrock mineralization over 300m along strike to the west of 2019 diamond drilling. The mineralization
in the trench is associated with strongly oxidized quartz veining and brecciation and shows an association with
elevated Ag-Bi-Pb and grab samples up to 5.65 g/t Au.
JPRVER19T010 was a re-excavation of previously released trench JPRVER18T002 which had returned 109.93 g/t Au
over 3m . This follow up trenching was completed to provide additional visibility into the bedrock’s high-grade
mineralization. The trench exposed a 3m, E -SE trending, moderately south dipping, zone of quartz veining and
brecciation with semi-massive sulfide mineralization (arsenopyrite-galena-chalcopyrite-pyrite) and localised visible
gold. Alteration and anomalous mineralization extend at least 3m beyond, in the hanging wall, of the zone to the
end of the trench. Composite chip sampling in the trench returned 24.86 g/t Au over 7m; including 53.43 g/t Au
over 3.2m and 125.5 g/t Au over 1m.
JPRVER19T011 was a re-excavation of previously released trench JPRVER1 8T003 which had returned 20.79 g/t Au
over 8m. This follow up trenching was completed to provide deeper and greater visibility into the zone’ high-grade
mineralization. The new trenching exposed a 2m, E -SE trending, moderately south dipping, zone of quartz veining
and brecciation with semi -massive sulfide mineralization (arsenopyrite -galena-chalcopyrite-pyrite) and localised
visible gold within a broader zone of alteration and anomalous mineralization. Composite chip sampling in the
trench returned 30.86 g/t Au over 7m; including 102.15 g/t Au over 2m.
JPRVER19T012 is located approximately 25m east of trench 011 above. Can-Dig trench JPRVER19T004 was initially
placed in the area but failed to reach bedrock. The new trenching exposed 2 zones of mineralization in the area.
The upper zone returned 9.66 g/t Au over 1.3m and the lower returned 37.9 g/t Au over 2m. Both were associated
with quartz veining, brecciation and semi-massive sulfide mineralization (arsenopyrite-galena-chalcopyrite-pyrite),
similar too trenches 10 & 11 above.
JPR trenches JPRVER19T010 to 012 confirm a continuous shoot of high-grade mineralization over a minimum 75m
strike length at true widths ranging between 2 – 7m and average grades >20 g/t Au. Initially reported diamond
drilling results in hole JPRVER19D005 & 006 were beneath trench 10 and confirm this high -grade mineralization
continues to a minimum of depth of 3 5m downdip. It is anticipated that the high -grade mineralization will occur
along individual structures in plunging shoots, as is common in high -grade, structurally controlled, gold deposits.
Diamond drilling was also conducted under the projection of this zone to the east to refine the geometry and plunge
controls for future work.
JPRVER19T013 is located approximately 145m west of trench 010 and 15m east of 2018 RAB hole
JRPRVERRAB18001 (56.25 g/t Au over 3.05m from 3.05m depth) . The new trenching exposed a 2.2m zone of
strongly oxidized quartz veining and brecciation, with locally abundant visible gold, trending E -SE and dipping
moderately to the south. Composite chip sampling within the trench returned 8 3.13 g/t Au over 2.2m, consisting
of 52.4 g/t Au over 1.2m and 120 g/t Au over 1m. Alteration and anomalous mineralization extend up to 9m within
the hanging wall of the zone. The mineralization exposed in trench 13 was considered a high priority for follow up
diamond drilling and 3 holes were placed beneath the trench and assays are currently pending. The zone is on strike
with mineralization intercepted in JRPRVERRAB18001 and represents a se parate high-grade zone from that
intercepted in trenches JPRVER19T010 – 012.
JPRVER19T014 is located approximately 50m to the SW of trench 13 and was designed to evaluate the area for
potential subparallel zones of mineralization based on RAB drilling results in the area. A broad, 9m zone of
alteration, localised veining with sulfide mineralization, and brecciation were noted in the trench. C hip samples
returned 0.66 g/t Au over 9m. Select grab samples of mineralized material within the trend r eturned results of
13.75 g/t Au and 5.01 g/t Au.
Vertigo Trench Highlights:
Individual assays for the reported results ranged from trace to 140 g/t Au. The most significant trench results for
Vertigo included in this release are included in the table below:
Significant Results
Notes
Trench ID
Length
(m) From (m) To (m) Interval (m) Au (g/t)
JPRVER19T004-C 5 0.0 5.0 5.0 7.37 Max assay 11.95 g/t Au
JPRVER19T006 13 10.0 12.0 2.0 4.17
and 13 10.0 12.0 2.0 1.54
JPRVER19T010 14 7.0 14.0 7.0 24.86 Max assay 125.5 g/t Au
Incl. 7.0 10.2 3.2 53.43
Incl. 7.7 8.7 1.0 125.50
JPRVER19T011 43 33.0 40.0 7.0 30.86 Max assay 140 g/t Au
Incl. 33.0 35.0 2.0 102.15
JPRVER19T012 18 4.5 5.3 0.8 9.66 Max assay 37.9 g/t Au
And 14.0 16.0 2.0 37.90
JPRVER19T013 34 7.6 9.0 2.2 83.13 Max assay 120 g/t Au
Incl. 8.0 9.0 1.0 120.00
JPRVER19T014 33 6.0 15.0 9.0 0.66 Max assay 1.14 g/t Au
Sabotage
The Sabotage target is located approximately 7.5km to the NE of Vertigo and 16 C an-Dig trenches were placed on
the target to follow up on previously announced infill soil, GT Probe, and prospecting results up to 15.35 g/t Au (1) .
The trenches were designed to evaluate multiple (NE, NW, & EW) structural trends highlighted in the soil,
geophysical and LiDAR data. The most significant results were returned from the center of the Sabotage anomaly
and are outlined in the table below.
All structural trends in the Sabotage area appear to have anomalous mineralization and there appear to be
overprinting alteration assemblages including strong quartz -potassium feldspar followed by late quartz -sericite-
carbonate-clay with disseminated to fracture controlled pyrite. Overall, the mineralization observed to date is
similar to the Golden Saddle deposit on the Compan y’s White Gold property and is “gold only” with minor
associated elements including Mo and Pb. Historic diamond drilling conducted in the area was focused on
evaluating NE oriented trends; similar to the Golden Saddle . However, based on work completed on the target in
2019, NW & EW trends appear to carry the most significant gold mineralization (>1 g/t Au) indicating historic drilling
on the target was likely subparallel to the mineralized zones. Follow up RAB drilling will be conducted to evaluate
the NW & EW structural orientations to better evaluate the target.
(1) See WGO news released dated July 11, 2019. Available on SEDAR.
Topaz
Topaz is located 1km south of the Vertigo , and 7 Can-Dig trenches were placed on the target area to follow up on
previously announced GT Probe and prospecting results up to 5.24 g/t Au (1). All but one of the trenches returned
anomalous gold values (>0.1 g/t Au) with the most significant being JPRTOP19T00 with 1.03 g/t Au over 7m.
The mineralization is associated with strong sericite-carbonate alteration and minor quartz veining with anomalous
Bi-Pb and appears to similar to the adjacent Vertigo zone. Overall the trenches, GT Probe, and soil sampling in the
area define an ENE trending zone of alteration (over 450m of strike length) and mineralization that is considered a
strong target for follow up RAB drilling.
North Frenzy
North Frenzy is located 9km north of Vertigo , and 8 Can-Dig trenches were placed in the target area to follow up
on detailed infill soil sampling completed in the area. 6 of the 8 trenches returned anomalous gold values (>0.1 g/t
Au) over intervals ranging from 1 – 20m and included grab samples ranging from trace to 38.9 g/t Au. The most
significant results are outlined in the table below.
The trenching defines a NS trending, west dipping zone of alteration, brecciation, and quartz veining over 570m of
strike length. The mineralization is hosted within quartz biotite gneiss and quartzites and shows a strong association
with elevated As, and has strong similarities to targets on the White Gold property including the Arc, Minneapolis
and Ullis targets. Minor, wide spaced, historic diamond drilling conducted in the area was oriented subparallel to
the mineralized zone(s) and the target is a priority for follow-up RAB drilling.
Sabotage/Topaz/North Frenzy, Trench Highlights:
Individual assays for the reported results ranged from trace to 14.4 g/t Au . The most significant trench results for
Vertigo included in this release are included in the table below:
Significant Results
Notes
Target Trench ID Length (m)
From
(m) To (m)
Interval
(m) Au (g/t)
Sabotage JPRSAB19T011 27.0 7.5 10.0 2.5 3.11 Max assay up to 11.95 g/t Au.
Sabotage JPRSAB19T013 40.0 0.0 10.0 10.0 0.82
Sabotage Incl. 2.5 5.0 2.5 2.25
Sabotage JPRSAB19T015 58.5 26.5 35.0 8.5 0.86
Sabotage Incl. 32.5 35.0 2.5 1.66
Sabotage JPRSAB19T016 31.0 7.5 17.5 10.0 2.69
Sabotage And 32.5 10.0 2.5 4.49 Max assay up to 14.4 g/t Au.
Topaz JPRTOP19T005 44.0 9.0 27.0 18.0 0.37
Topaz And 37.0 44.0 7.0 1.03
North Frenzy JPRNRF19T008A 18.0 0.0 5.0 5.0 2.48
North Frenzy Incl. 2.5 5.0 2.0 4.02
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 Columbia laboratory. Sample preparation was carried out at
its Whitehorse, Yukon facility. All RC chip and diamond core samples will be prep ared 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 >10 g/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 certified standard, blanks and duplicates into the sample
stream.
About White Gold Corp.
The Company owns a portfolio of 2 2,040 quartz claims across 3 5 properties covering over 4 39,000 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 extend beyond the limits of the current resource
estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim
packages which border sizable gold discoveries including the Coffee project owned by Newmont Goldcorp
Corporation with a M&I gold resource (2) of 3.4M oz and Western Copper and Gold Corporation’s Casino project
which has P&P gold reserves(2) of 8.9M oz Au and 4.5B lb Cu. For more information visit www.whitegoldcorp.ca.
(2) Noted mineralization is as disclosed by the owner of each property respectively and is not necessarily indicative of the mine ralization 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, and has reviewed and approved the
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 and 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", " estimates", "believes" or "intends" or variations of such
words and phrases or stating that certain actions, events or results "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 things, 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 programs 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 results may differ materially as forward-looking
statements involve known and unknown risks, uncertainties and other 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 conducted and proposed to be conducted at the
Company’s properties; failure to identify any additional mineral 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 commodities; fluctuations in currency markets (such as
the Canadian dollar to United States dollar exchange rate); change 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 (including 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 w ith 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 necessary licenses, p ermits and approvals from
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 sampling results being preliminary in nature and are not conclusive evidence of the
likelihood of a mineral deposit; title to properties; and those factors described in the 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 Company 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 Regulation Services Provider (as that term is defined
in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contact Information:
David D’Onofrio
Chief Executive Officer
White Gold Corp.
(647) 930-1880