White Gold Corp. (TSXV:WGO, OTC – Nasdaq Intl:WHGOF, FRA:29W) (the “Company”) is pleased to announce multiple high grade surface samples along strike from the recent Vertigo discovery and further expanding the footprint of the high grade mineralized system. Surface grab samples were taken on the Vertigo target along trend from the recently announced discovery hole which encountered 56.25 g/t Au over 3.05m within a broader intercept of 17.34 g/t Au over 10.67m from 3.05m depth (announced September 17, 2018) as well as on the undrilled Suspicion target area 4.1km along trend from Vertigo on the Company’s JP Ross Property, Yukon Canada. The samples are interpreted as being in-place and representative of the bedrock below due to the unglaciated nature of the area. Images to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.
Highlights Include:
- Surface grab samples of 139.9g/t, 134.6 g/t and 132.9 g/t Au on the Vertigo target encountered over a 685m strike length with seven samples grading over 10 g/t Au, eleven samples over 1 g/t Au and five samples encountering silver exceeding 100 g/t, including 1 sample greater than 1,000 g/t silver.
- Strong mineralization was returned over a 1.1km NW trend on the Vertigo Target, with the most significant results on undrilled sections of the target, with trend remaining open in multiple directions.
- 8 samples from approximately 100m east of the previously released RAB drill results returned values ranging from 0.152 g/t to 134.6 g/t Au, averaging 28.7 g/t Au, and are associated with eastern projections of the V3 to V6 zones.
- Surface grab samples on the undrilled Suspicion target area, 4.1km SE of the Vertigo target returned results up to 41.8 g/t Au with 4 samples greater than 7 g/t Au with strike remaining open in multiple directions.
- Structural trend identified to exceed over 12km, with testing underway on new targets along trend.
- RC drilling is currently underway to follow up on results, with additional assays from RAB drilling expected to be to be received in the near future.
Grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property.
Exploration of the JP Ross property is being conducted as part of the Company’s fully funded regional exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC).
“These results further validate our belief that the Vertigo is a large-scale, high-grade, structurally controlled gold system. The results of up to 139.9 g/t gold at Vertigo are among the highest grades seen in the White Gold district and significantly expand the footprint of the mineralized system.” stated Jodie Gibson, VP Exploration of the Company. “The findings at the Suspicion show the potential for additional high-grade discoveries over the +12km Vertigo Trend, and we look forward to the results of our follow up work in the area.”
Vertigo Target Results
Rock grab sampling on the Vertigo target defined strong mineralization over a 1.1km NW trend with results ranging from trace to 139.9 g/t Au, including 3 samples >132 g/t Au with 7 samples >10 g/t Au and 11 samples >1 g/t Au. These results also extended several of the 10 mineralized zones (V1 to V10) currently recognised over the 1,100m x 1000m target area, with individual zones having been traced up to 400m along strike with all currently open along strike and at depth.
A sample collected from the V2 zone returned 139.9 g/t Au and was associated with meter scale boulders of quartz veining and brecciation with strong iron-oxide staining and visible gold. Follow up sampling and initial RC drilling is being conducted in the area and the results will be released in due course.
Approximately 600m to the NW of the central Vertigo target, a sample collected from a new area returned 132.9 g/t Au from strong brecciated and sericite altered gneiss with vuggy quartz veining and strong iron oxides. The sample also returned >100 g/t silver and over limit assays of silver and other pathfinder elements are currently in progress. Follow up work is currently in progress to determine if this an extension of a known target or a new zone of mineralization.
Eight samples from approximately 100m east of the previously released RAB drilling results returned values ranging from 0.152 – 134.6 g/t Au, averaging 28.7 g/t Au, and one sample greater than 1,000 g/t silver and are associated with eastern projections of the V3 to V6 zones. The mineralized samples consist of stock work to lode style quartz veining, brecciation, and strongly sericite-clay altered felsic gneiss with abundant iron-oxide filled fractures and scorodite staining. Disseminated to massive (>50%) pyrite, arsenopyrite, galena, and locally visible gold mineralization is associated with the samples. Four of the samples also returned >1% Pb and/or >100 g/t Ag and over limit assays of pathfinder elements are in progress for these samples.
Significant results from the Vertigo target are detailed in the table below:
Suspicion Target Results
Significant results from the Suspicion target were encountered at the southern end of the target area, beyond the limits of historic soil sampling. Five rock grab samples collected over a 150m trend returned values from 0.761 – 41.8 g/t Au; averaging 15.7 g/t Au. The mineralization is association with elevated Ag, Bi, and Pb and is very similar to the Vertigo target.
Significant results from the Suspicion target are detailed in the table below:
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/11d6f667-21bb-4353-8366-82fb00c104d3
http://www.globenewswire.com/NewsRoom/AttachmentNg/c281b2ff-3c0e-4e7a-ad8b-744e9b606751
http://www.globenewswire.com/NewsRoom/AttachmentNg/2228c565-27ec-4d4d-9e10-403ea743654d
Vertigo Target
The Vertigo target is located on the Company’s JP Ross property, approximately 75km south of Dawson City, Yukon and 25km north of its Golden Saddle deposit. The JP Ross property is road accessible from Dawson City and the Vertigo Target is within 2km of an existing road.
Mineralization on the …read more
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