Golden Predator rallies on Yukon gold estimate

Golden Predator Mining Corp. [GPY-TSXV; NTGSF-OTCQX] on Wednesday January 15 released an updated technical report for its Brewery Creek gold mine in the Yukon. The report is highlighted by a sharp increase in the estimated oxide gold resources in both the indicated and inferred categories.

The announcement comes after Golden Predator recently said the Yukon government is allowing the company to proceed with the restart of the Brewery Creek gold mine without having to re-enter the permitting process. However, the company has not said when production will actually resume.

According to the updated estimated, the indicated oxide resource now stands at 21.14 million tonnes at 1.125 g/t gold or 765,000 ounces. That marks a 55% increase from an earlier estimate announced in a 2014 Preliminary Economic Assessment.

On top of that is an Inferred Oxide Resource, which now stands at 14.12 million tonnes at 0.967 g/t gold or 440,000 ounces.  That’s up by 78% from the 2014 estimate.

Also noted in the report is an additional 8.57 million tonnes of Inferred Sulphide Resources grading 0.985 g/t gold or 270,000 ounces.  The estimate utilized cut-off grades calculated separately for each deposit, ranging from 0.42 to 0.53 g/t at a gold price of US $1,325/oz reported within a pit shell calculated at US $1,600/oz.

Golden Predator shares rallied on the news, rising 11.8% or $0.04 to 38 cents on active volume of over 1.5 million. The shares are trading in a 52-week range of 18 cents and 50 cents.

“We are delighted by the substantial increase in oxide resources, which offer a significant impact on the longevity and economics of the Brewery Creek mine,” said Golden Predator CEO Janet Lee-Sheriff.

Brewery Creek is a former open pit, heap leach mine located 45 km from Dawson City. From 1996 to 2002, approximately 280,000 ounces of gold was produced from seven near-surface oxide deposits along the property’s reserve trend. The mine was put into temporary closure in 2002 following a collapse in the price of gold below US $300/oz.

However, Golden Predator said the Yukon Government has confirmed the validity of the existing quartz mining and water licenses for the Brewery Creek Mine

The company said it is authorized to restart mining activities that follow the previously assessed mine plans without further assessment and review. In addition, the company said it has received Indigenous community backing from the Tr’ondek Hwech’in, which has passed a formal Council Resolution in support of resumed mining and processing at the Brewery Creek mine under existing licenses.

Kappes Cassiday is currently conducting a feasibility-level study to determine the parameters for the Phase One plan to reprocess material on the heap leach pad. The study is focused solely on remediating and reprocessing the heap leach pad as a means of fast-tracking revenue and redevelopment of the site.

Any production decision would be based on the outcome of this feasibility-level study demonstrating technical and economic viability.

Brewery Creek is one of two key assets in the Golden Predator portfolio. The other is the 3 Aces gold project, which is also located in the Yukon. The 3 Aces property hosts an orogenic gold project and is located northeast of Watson Lake.

The company made an early decision to bulk sample at its 3 Aces Project when it realized that much of the gold contained in its veins is high-grade and nuggety. The ‘nugget effect’ occurs when the gold is not distributed evenly throughout the deposit but rather is accumulated in clumps within the veins with visible gold often sitting loosely in open spaces and along fractures.

To eliminate the cost of shipping bulk sample materials outside of Yukon, and to effectively manage the processing costs, Golden Predator built its own closed system processing plant.

Triumph active on Yukon drilling results

Triumph Gold Corp. [TIG-TSXV; TIGCF-OTCQB; 8N61-FSE] has announced more impressive drilling results from the final three holes of the 2019 drilling campaign at its 100%-owned Freegold Mountain property in the Canadian Yukon, where the company is testing for a buried porphyry system.

The latest results include drill hole RVD19-06 which returned 174 g/t gold and 43 g/t silver in the WAu Breccia area. Other notable highlights include the intersection of three porphyry related mineralized zones in RVD19-06 at the WAu Breccia, demonstrating continuity of two, greater than 200-metre deep, mineralized bodies that were intersected earlier this year.

Triumph is focused on its Freegold Mountain Project, which is located in the Dawson Range gold-copper belt. The area also hosts Western Copper and Gold’s [WRN-TSX] Casino Project as well as Newmont Goldcorp Inc.’s [NEM-NYSE; NGT-TSX] Coffee deposit. Goldcorp recently gained exposure to the road-accessible Freegold project by taking a 19.9% stake in Triumph for $6.3 million.

Since Triumph Gold acquired the property in 2006, more than 20 mineralized zones have been identified, and NI 43-101-compliant mineralized resources have been delineated in the Revenue, Nucleus, and the Tinta Hill deposits

Within the last three years, Triumph Gold’s exploration has been focused on the six-kilometre-long intense multi-element soil and geological anomaly that encompasses the Revenue and Nucleus deposit areas.

In a September 12, 2019 news release Triumph the results from the first two of seven holes which the company was planning to drill on the property. Highlights included drill hole RVD19-02, which returned a 400.48-metre intersection of epithermal-style mineralization 77.52 to 478 metres) at the WAu Breccia. It assayed 1.21 grams per tonne of gold equivalent, containing 0.73 g/t gold and 0.23% copper, more than doubling the previously known depth of the mineralization.

The company concluded that it had discovered a porphyry copper-gold system at the WAu Breccia, the first of three areas that the company was planning to drill in 2019 for buried porphyry mineralization.

The WAu Breccia is a south-dipping tabular body of polymetallic mineralization that, prior to 2019, had been tested to a maximum depth of 200 metres below surface. The 2019 exploration program identified a down-dip extension of the WAu Breccia to a depth of approximately 400 metres, as well as underlying magnetite-chalcopyrite breccia in strongly potassic altered granite.

The latter is interpreted as a style of high-temperature mineralization that formed proximal to a causative porphyry intrusion.

White Gold Corp. Stakes Strategic Claims in White Gold District, Yukon

White Gold Corp. [TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W] is pleased to announce it has staked three strategic claim blocks (Kodiak, Kirkman & Tea) totaling 689 mining claims (the “Claims”) contiguous to the Company’s White Gold property, Newmont Goldcorp Inc.’s (TSX: NGT, NYSE: NEM, “Newmont”) Coffee project and Western Copper & Gold’s (TSXV: WRN, NYSE: WRN) Casino project, all located in the prolific White Gold District, Yukon, Canada. The claims further extend the Company’s land package to the south, with Kodiak & Kirkman claim blocks located approximately 10km south of the Company’s White Gold deposit and 10km to the north of Newmont’s Coffee deposit, and the Tea claim block located contiguous to the Coffee project to the south. These properties each display similar geological characteristics to the nearby properties which host significant gold deposits. The Claims bring the Company’s expansive land package to 21,207 quartz claims across 33 properties, totalling over 422,730 hectares, representing over 40% of the White Gold District. White Gold Corp’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:

  • New claims staked:
    • KODIAK: 111 claims contiguous to the White Gold property and 10km north of Newmont’s Coffee deposit
    • KIRKMAN: 272 claims extending south of Kodiak, also north of Newmont’s Coffee and south of the White Gold property.
    • TEA: 306 claims contiguous to Newmont’s Coffee project on the south.
  • These properties are historically underexplored and display similar geological characteristics to the Coffee project and White Gold properties.
  • Shawn Ryan, Chief Technical Advisor will be presenting today Thursday December 5, 2019 at 4PM EST, a live webinar corporate update focusing on the Company’s recent high-grade gold discovery the Titan; Registration details are provided below, and a recording will also be available subsequent to the webinar.
  • Additional regional exploration activity & drill results from the White Gold and JP Ross properties to be released in due course.

Maps showing the location of the Claims can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

“Our recent high-grade, near surface Titan discovery and last year’s Vertigo, Ryan’s Surprise and other discoveries continue to demonstrate the success of our proprietary, methodical data-based exploration strategy and the prospectively of our extensive land package in the prolific White Gold District. The Kodiak, Kirkman and Tea properties have similar geological characteristics to our White Gold property and/or the Coffee project and are strategic additions to our land package,” stated David D’Onofrio, Chief Executive Officer.

Kodiak & Kirkman Properties:

Kodiak is comprised of 111 claims located south and adjacent to the Company’s White Gold property and approximately 15km north Newmont’s Coffee deposit. Kirkman is comprised of 272 claims extending south of the Kodiak Property, in close vicinity to the Company’s White Gold property and approximately 10km north of Newmont’s Coffee project and 2 km north of Arcus Development Group Inc.’s Dan Man property.

The Kirkman claims were previously held by Kaminak Gold, who originally discovered the Coffee deposit and was subsequently acquired by Goldcorp for $530M. Historically the properties have only had limited exploration work completed, comprised primarily of soil sampling, geophysical surveys, and minor trenching activity.

The strong soil anomalies and favourable geology, combined with the proximity to the neighboring gold deposits warrant follow up exploration. The anomalies are also alongside the Kirkman Creek which is currently actively mined for placer gold.  

Tea Property:

The Tea is comprised of 306 claims on a new target area and is located immediately south of Newmont’s Coffee project, and adjacent to Western Copper & Gold’s Casino project to the east. The Tea property claims were staked based on geologic and geophysical interpretation of the area with the claims covering a previously unexplored regional scale, E-W oriented, structural corridor and receptive host rocks. Placer gold is known to occur within streams draining the area and the geologic and structural framework is similar to that which hosts mineralization on the adjacent Coffee property, and the Company’s Betty property approximately 25km to the east.

Live Corporate Update Webinar: Titan Discovery – Thurs Dec 5, 2019 4PM EST

Shawn Ryan, Chief Technical Advisor, will present a live webcast corporate update with a focus on the Company’s Titan discovery.

The recent and first ever drilling on the Titan intercepted 72.81 g/t Au over 6.09m from 10.67m depth, including 136.36 g/t Au over 3.05m, within a 32m zone of mineralization and remains open in all directions(1). The Titan is located on the road-accessible Hen property and consists of a 650m x 650m gold in soil anomaly with multiple other prospective targets that show similar geophysical characteristics to the mineralization encountered in these drill holes.  Titan surface exploration results include grab samples of 605 g/t Au, 497 g/t Au, and 113 g/t Au with fine grained visible gold observed, and soil samples of up to 113 g/t Au, the highest ever in the Company’s 400,000+ soil sample database(2).

Register for Live Webinar at Link Below: A recording of the webinar will become available after the Webinar using the same link:

https://bit.ly/2R3LvNI

  • See White Gold Corp News Release dated November 26, 2019, available on SEDAR.
  • See White Gold Corp News Release dated September 5, 2019, available on SEDAR.

The Company also announces that Robert Carpenter has stepped down from the Board of Directors to pursue other interests. The Company would like to thank Rob for his valuable contributions to the Company and wish him the best of luck in his future endeavours.

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 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 >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 21,207 quartz claims across 33 properties covering over 422,730 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(3) of 3.4M oz and Western Copper and Gold Corporation’s Casino project 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 property respectively and is not necessarily indicative of the mineralization hosted on the Company’s property.

Qualified Person

Jodie Gibson, P.Geo., a Technical Advisor 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 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 necessary licenses, permits 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.

Banyan Gold rallies on Yukon drilling news

Banyan Gold Co. [BYN-TSXV] shares rallied Monday November 18 after the junior released drilling results from its Aurex-McQuesten gold project near Mayo, Yukon.

The latest results are from the first four diamond drill holes of a Phase 2 program consisting of 3,385 metres of diamond drilling in 26 holes and 497-metres of reverse circulation drilling in five holes. The program is designed to expand the Airstrip and Powerline targets to one kilometre and 250 metres of strike, respectively.

Highlights include 91.4 metres of 0.44 g/t, the company said.

The contiguous Aurex and McQuesten properties are located in the Yukon’s Mayo Mining District, adjacent to Victoria Gold Corp.’s [VIT-TSXV] Eagle heap leach mine and Alexco Resources Corp.’s [AXR-TSX; AXU-NYSE] Keno Hill silver district.

The Airstrip and Powerline zones are located just off the main Yukon government highway between Mayo and Keno. There is an existing airstrip on the property and the Mayo airport is a 20-minute drive on the highway from the property.

“These first results continue to define broad intervals of near-surface gold mineralization expanding the Airstrip Zone,” said Banyan President and CEO Tara Christie. “Drilling was designed to test the continuation of mineralization by 500 metres along strike, meaningfully adding tonnes and defining higher-grade shoots,” she said.

Banyan shares rallied on the news, rising 12.5% or $0.005 to $0.045 on volume of 289,000. The shares are trading in a 52-week range of $0.035 and $0.06.

The company said Block 1 was defined at the Airstrip Zone in 2018 and outlines an approximately 90 metres thick package of near surface and on surface mineralization with 500 metres of strike. These first four drill holes confirm 150 metres of strike extension to the west of Block 1 of the Airstrip Zone and confirm the mineralization continues to be open to the west.

All holes intersected consistent and broad intervals of gold mineralization from 0.4 to 0.6 g/t gold, including: 74.2 metres of 0.48 g/t gold, 89.4 metres of 0.43 g/t gold, 36.2 metres of 0.61 g/t gold and 38 metres of 0.43 g/t gold.

Banyan recently re-negotiated the terms on the Aurex-McQuesten properties options, that will allow the company to earn a 100% interest in the Yukon properties.

Banyan said the addendum to both agreements gives it the option to extend the time frame to complete the first earn-in (51% total interest) by up to three years.

The amended agreements require Banyan to spend minimums of $1.66 million on the Aurex property and $1.6 million on McQuesten to complete the 51% earn-in on both properties.

Aurex-McQuesten has a rich history of exploration and mining dating back to the early 1900s. Historically, the area nearby at Keno and Galena Hill has been subject to intense silver exploration, development and mining. The earliest prospecting for gold began as early as 1898, shortly after the Klondike gold rush.

White Gold Corp. Encounters High-Grade Surface Results on Recently Discovered Titan Target Including Grab Samples of 605 g/t Gold, 497 g/t Gold and 113 g/t Gold, GT Probe Samples up to 17.35 g/t Gold; Further Extending Regional Scale High-Grade Mineralization to the Hen Property

White Gold Corp. [TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W] (the “Company”) is pleased to announce multiple high-grade grab samples including 605.0 g/t Au, 497.0 g/t Au, 113.0 g/t Au and 78.3 g/t Au and GT Probe samples up to 17.35 g/t Au at the site of the recent Titan discovery, located on the road accessible Hen property contiguous to the Company’s JP Ross property, less than 15km WNW from the Vertigo discovery, in Yukon, Canada. These results demonstrate an extension of the regional scale high-grade gold system encountered across the adjacent JP Ross Property, including the Vertigo and other recently discovered targets along the Vertigo trend. Exploration activities were conducted to follow up on positive soil sample results previously released, which included values up to 113 g/t (113,000 ppb) Au, the highest ever recorded in the Company’s extensive soil database(1). Follow up activities have included infill soils, ground geophysical surveys (VLF & magnetics), prospecting/geologic mapping, GT Probe and RAB drilling, with additional results to be released in due course. 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:

• The recently discovered Titan target is located on the road accessible Hen property contiguous to the JP Ross property, less than 15km WNW from the Vertigo discovery.
• Latest results extend the footprint of the regional scale high grade mineralized gold system encountered across the adjacent JP Ross property onto the Hen property.
• Results include 15 prospecting samples, with assays including 605 g/t Au, 497 g/t Au, 113 g/t Au and 78.3 g/t Au.
• 208 GT Probe samples completed with assays up to 17.35 g/t Au; 3 samples returning >1 g/t Au, 5 samples returning >0.5 g/t Au, confirming initially noted mineralization along soil trends.
• 505 soil samples completed with results up to 6,124 ppb Au.
• This exploration activity was to follow up on prior soil sampling results which included a sample greater than 100,000 ppb Au (fire assay confirmed 113,000 ppb or 113 g/t Au), the highest ever recorded in company’s 400,000+ soil sample database.

Images to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

“These positive results from our early stage exploration work on the Titan are very encouraging, and display the continued proliferation of high-grade gold mineralization across our vast portfolio of properties. Our model has always been to generate a pipeline of gold targets so that as we advance our mature stage assets, we have new discoveries to bring up the development ladder,” stated Shawn Ryan, Chief Technical Advisor. “Rock grab samples and other surface exploration identified the presence of visible gold, further highlighting the Titan as a very exciting target for further exploration activity. These significant results combined with Titan being located less than 15km west of the Vertigo, provides further evidence of the possible regional-scale gold system in the placer-rich Henderson Creek region.”

(1)               See White Gold Corp News Release dated September 5, 2019, available on SEDAR.

See below for a summary of exploration activity completed on the Titan target and Hen property:

Titan Target (Hen Property)

The Titan target is located on the Hen property, adjacent to the JP Ross on the west, and approximately 15km to the WNW of the Vertigo. The Hen property is situated within a prolific placer mining camp. Abundant, coarse placer gold has been recovered from creek gravels on North Henderson Creek immediately east of the Titan target. Additionally, the structural and geologic setting of the Hen indicate mineralization in the area is congruent with mineralized structures identified by the Company on the adjacent JP Ross property.

These results are particularly significant as they are the first occurrence of mineralization ever discovered on the Hen property, which has previously only had limited reconnaissance-stage ridge and spur soil sampling conducted on it to date. The Company is performing follow-up work to obtain an initial estimate of the potential size, scale and number of mineralized gold structures. Based on the positive prospecting, GT Probe and soil results the RAB drilling on Titan was fast tracked in order to complete a preliminary program this field season, quickly receive insight on the target and plan for a comprehensive program in 2020.

Soil Sampling Results

A detailed soil grid consisting of 505 samples was collected on the Hen following up on the soil sampling results initially reported, which included a sample >100,000 ppb Au that returned a final value of 113 g/t Au on gravimetric fire assay. The detailed soil sampling was conducted on 50m spaced lines and 25m spaced samples and returned results ranging from trace to 6,124 ppb Au. The soils form two distinct trends originating from the area of the 113 g/t Au soil sample – one trending to the NNW and traceable for 545m, and the second trending ENE and traceable for 650m. Gold along both trends is coincident with elevated Bi & Cu in the soils, and the trends occur along the southern and western margins of a well-defined 650m x 650m magnetic low feature.

Prospecting Results

The results for 15 prospecting samples collected across the Titan have also been received, with four of the samples taken from a pit excavated over the 113 g/t Au soil sample site. Mineralized material in the pit consisted of strongly sheared and oxidized mafic rocks with disseminated to massive magnetite, fine grained visible gold and strong calc-silicate alteration in the surrounding alteration halo. Assays for the samples returned 78.3 g/t Au, 113 g/t Au, 497 g/t Au, and 605 g/t Au. All are associated with elevated Bi, Cu (up to 0.17%), Fe (up to 36.1%), P (up to >1%) and U. The remaining 11 samples from the area were collected from surface and returned values ranging from trace to 0.844 g/t Au.

GT Probe Results

A total of 208 GT Probe samples over 7 lines have been received across the Titan soil anomalies. The sampling returned results ranging from trace to 17.35 g/t Au, with 3 samples returning >1 g/t Au, 5 samples returning >0.5 g/t Au and 15 samples returning >0.1 g/t Au, confirming mineralization along the soil trends. All samples >1 g/t Au were within 50m of the 113 g/t Au soil site and are associated with strongly sheared and oxidized mafic rocks with disseminated to massive magnetite mineralization. The samples show a strong association of Au with elevated Bi, Cu (up to 0.22%), Fe (up to >50%), P (up to >1%), +/- U.

Preliminary Interpretation

The most significant mineralization observed to date is focused at the apparent intersection of the two gold in soil trends, potentially indicating intersecting structures. Based on the shape of the anomalies, that they don’t appear to continue beyond the apparent intersection, and the interaction with topography, it is possible that the two anomalous trends represent the exposed edges of a single planar zone of mineralization dipping to the NNE. Limited structural measurements and shearing associated with the mineralization would also support this interpretation and RAB drilling on the target should assist in confirming this.

It is interpreted that the circular magnetic feature associated with gold mineralization represents a buried intrusion and is likely the source of hydrothermal fluids associated with observed mineralization, and these fluids likely took advantage of pre-existing structures within the host rock.

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 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 >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 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 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 mineralization 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 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 necessary licenses, permits 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.

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 and obtain a better understanding of the targets’ specific host rocks, styles of mineralization, structural 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 and 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, JPR and Hen (Titan target) properties, with related soil sampling, prospecting, GT Probe 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, Chief 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 JPRVER18T003 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 35m 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 83.13 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 separate 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. Chip samples returned 0.66 g/t Au over 9m. Select grab samples of mineralized material within the trend returned 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:

Sabotage

The Sabotage target is located approximately 7.5km to the NE of Vertigo and 16 Can-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 Company’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:

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 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 >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 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 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 mineralization 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 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 necessary licenses, permits 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
ir@whitegoldcorp.ca

Triumph drills 400.48-metres of 1.21 g/t AuEq at Freegold Mountain

By Peter Kennedy

Triumph Gold Corp. [TIG-TSXV] has announced impressive drilling results from its 100%-owned Freegold Mountain property in the Yukon Territory, where the company has encountered buried porphyry gold-copper mineralization.

Assays release on September 12, 2019, are from the first two of seven holes that the company is planning to drill on the road accessible property, which covers 200 km2, and is located 70 kilometres northwest of Carmacks.

The two drill holes (1,664.21 metres) were completed at the WAu Breccia, a south-dipping tabular body of polymetallic mineralization which has been intersected by eight historic drill holes that tested to a maximum depth of 200 metres below surface.

Drill hole RVD19-01 was oriented northwards to test for a depth extension of the WAu Breccia, 250 metres beneath the previous intersection. RVD19-02, was drilled southward along the same section and was designed to drill down the dip-plane of the WAu mineralized zone. RVD19-02 was also designed to efficiently test continuity of the WAu mineralization to depth, while also using the breccia body as a vector towards an underlying porphyry system.

“At the WAu Breccia, the first of three areas being drill tested in 2019 for buried porphyry mineralization, we have discovered a porphyry copper-gold system,” said Dr. Tony Barries, Vice-president, exploration with Triumph Gold. “The discovery intersection is long, high grade, gold-rich and closer to surface than we had expected,” he said.

“We also more than doubled the known depth of the near surface, gold-rich, epithermal style WAu Breccia,” Barries said. Based on positive results from those two drill holes, an additional hole has been added to the program to further test for high grade porphyry mineralization beneath the WAu Breccia.

Highlights from the latest round of drilling include drill hole RVD19-02. It returned a 400.48-metre intersection of epithermal-style mineralization (77.52 to 478 metres) at the WAu Breccia. It assayed 1.21 g/t of gold equivalent (AuEq), containing 0.73 g/t gold and 0.23% copper, more than doubling the previously known depth of the mineralization.

RVD19-02 also returned a 102.50-metre intersection of gold-rich porphyry related mineralization that assayed 1.26 g/t AuEq equivalent, containing 0.73 g/t gold and 0.18% copper (from 560.50 to 663.00 metres).

Combined the two mineralized zones form an impressively long and rich intersection, 601.80 metres averaging 1.1 g/t AuEq equivalent, with 0.67 g/t of actual gold.

As well, RVD19-01 intersected a 52-metre thick down dip extension of the WAu Breccia. The best interval returned 0.40 g/t gold, 7.1 g/t silver, 0.20% copper and 0.025% molybdenum over 15.64 metres.

Triumph shares rallied on the news, rising 7.36% or $0.035 to 51 cents Thursday September 13 on volume of 367,050. The 52-week range is 30.5 cents and 70 cents.

Triumph is a mineral explorer which is focused on its Freegold Mountain Project in the Dawson Range gold-copper belt. The area also hosts Western Copper and Gold’s [WRN-TSX] Casino Project as well as Newmont Goldcorp Corp.’s, [NGT-TSX, NEM-NYSE] Coffee deposit. Newmont Goldcorp recently gained exposure to the road-accessible Freegold Project by taking a 19.9% stake in Triumph for $6.3 million.

Since Triumph Gold acquired the property in 2006, more than 20 mineralized zones have been identified, and NI 43-101-compliant mineralized resources have been delineated in the Revenue, Nucleus, and the Tinta Hill deposits

Within the last three years, exploration has been focused on the six-kilometre-long intense multi-element soil and geological anomaly that encompasses the Revenue and Nucleus deposit areas.

The Nucleus and Revenue deposits are known to be components of a larger porphyry-related mineralizing system.

The 2019 exploration program at Freegold Mountain was designed to test for a buried copper-gold porphyry system beneath the six-kilometre-long Revenue-Nucleus soil and geophysical anomaly.

With the addition of the third drill hole to the WAu Breccia area, the 2019 exploration program now includes seven drill holes totalling 6,000 metres, the company said Thursday. The current results indicate success at the WAu Breccia, the first area tested. Triumph said it now looks forward to receiving drill results from the other two target areas.

Meanwhile, Triumph has said the terms copper and gold equivalent are used for illustrative purposes to express the combined value of copper, gold, silver and molybdenum as a percentage of either copper or gold. No allowances have been made for recovery losses that would occur in a mining scenario.

Rockhaven launches Yukon drilling, stock up

Rockhaven Resources Ltd. [RK-TSXV] shares rallied Monday September 9, after the company said it has launched the 2019 drilling program at its 100%-owned Klaza property, located in the Dawson Range Gold Belt of southern Yukon.

Rockhaven said the program will include 6,000 metres of diamond drilling in 35 holes. The total cost of the program is expected to be $1.5 million.

The company said two drill rigs will be utilized to define and evaluate targets which lie adjacent to zones containing an indicated resource of 686,000 ounces of gold and 14 million ounces of silver (or 907,000 ounces of gold equivalent), plus an inferred resource of 507,000 ounces gold and 13.9 million ounces of silver (725,000 ounces of gold equivalent).

“We are thrilled to begin our fully-funded 2019 diamond drill program, which we expect will expand the current mineral resources that are hosted in only two of eleven main zones identified to date on the Klaza property,” said Rockhaven CEO Matt Turner.

“The drilling will also test some of the other sub-parallel zones, including the Central Pearl Zone, where 2017 drilling discovered five high-grade gold veins and the Victoria Zone, where prospecting samples returned up to 35.30 g/t gold and 2,360 g/t silver,’’ Turner said.

Rockhaven shares advanced on the news, rising 15.6% or $0.025 to 18.5 cents. The shares trade in a 52-week range of $0.085 and 18.5 cents.

The company said the first rig will primarily be discovery focused and will evaluate high-grade gold and silver targets in sub-parallel zones adjacent to known resources. These targets include the Central Pearl Zone, the Victoria Zone, and the Western Chevron and Dickson Zones. The Central Pear Zone was discovered by a single exploration hole in 2017 that cut numerous mineralized structures, including a 10.12-metre wide zone that averaged 1.16 g/t gold and 18.7 g/t silver.

The second drill rig will focus on definition drilling at the Eastern Zones, a target that hosts bulk tonnage, fracture controlled mineralization in broad zones, situated adjacent to the Klaza mineral resources. This drilling will focus on the near surface and potentially pit-constrained portions of these zones with results used to facilitate deposit modelling and resource estimation.

Adding to the importance of this target, metallurgical test work has indicated positive gold recoveries through direct cyanide leaching, with 81% of the gold recovered to doré bars.

News that drilling has begun comes just days after the company said it had closed a private placement financing deal that raised $4 million. Klaza hosts a large hydrothermal system that is concentrated within a 4km long by 3km wide structural corridor. The company said current mineral resource areas have only been systematically explored to a depth of about 275 metres, but well mineralized intersections occur as deep as 450 metres.

White Gold Corp. Makes New High-Grade Gold Discovery 15km West of Vertigo; Ongoing Regional Exploration Program Identifies Multiple Additional High-Priority Targets

Management to Present at Upcoming Beaver Creek Precious Metals Summit and Denver Gold Forum

White Gold Corp. [TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W] (the “Company”) is pleased to announce results from its 2019 regional soil sampling program which identified multiple new high-priority gold targets, including a new high-grade gold discovery, the Titan target. The Titan is located on the road accessible Hen property, contiguous to the Company’s JP Ross property, less than 15km WNW from the Vertigo discovery, Yukon, Canada. Exploration results on the Titan include soil samples of up to >100,000 ppb Au, the highest soil value ever recorded within the Company’s White Gold District soil database comprised of 400,000+ soil samples. These soil samples are interpreted as being in-place and representative of the bedrock below due to the unglaciated nature of the area, indicating high priority targets for upcoming follow up activity including probe, trenching and RAB/RC drilling. The Company’s regional exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC) is ongoing on several high-priority gold targets, with activity including GT Probe sampling, geophysical surveys, trenching, geologic mapping, prospecting and RAB drilling, with related results to be released in due course.

Highlights Include:

  • New high-grade gold discovery on Titan target, Hen property. Results exceed 100,000 ppb Au, highest ever in company’s 400,000+ soil sample database; located less than 15km WNW from Vertigo discovery.
  • Preliminary follow up exploration encountered fine-grained visible gold in the subcrop of strongly quartz-sericite altered mafic gneiss with up to 5% disseminated magnetite.
  • Multiple new high priority targets identified. Soil sample results include; Nolan property up to 525.3 ppb Au, Wolf Property up to 247.2 ppb Au, among others.
  • Over 13,300 soil samples have been collected on 12 of the Company’s regional properties this season.
  • Follow up work on the Titan and other regional targets is in progress; activity includes trenching, GT Probe sampling and RAB drilling, with results to be released in due course.
  • Diamond drill results on Golden Saddle, Arc, Ryan’s Surprise and Vertigo targets as well as RC drill results on the VG Zone, to be released in coming weeks.
  • Management to present at upcoming Beaver Creek Precious Metals Summit and Denver Gold Forum.

Images to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

“Our soil sampling program has continued to successfully identify new gold zones and lead to significant discoveries across our vast portfolio of properties,” stated Jodie Gibson, VP of Exploration. “The Titan gold in soil grade at Hen is the highest we have ever recorded in the White Gold District. Ongoing follow-up activities which have also identified the presence of visual gold make the Titan a very exciting and highly prospective drill target. Located 15km from the Vertigo, this discovery is further evidence of a potential major gold system in the placer-rich Henderson Creek region that we are starting to tap into.”

Titan Discovery:

The Titan target is located on the Hen property, adjacent to the JP Ross on the west, and approximately 15km to the WNW of the Vertigo. A N-S oriented soil grid was placed over the area (100m spaced lines x 50m spaced samples) to follow up on historic soils in the area with anomalous gold (>100 ppb Au) & copper values.

Sampling returned values ranging from trace to >100,000 ppb Au (>100 g/t Au); the highest soil value within the Company’s soil database for the White Gold District comprised of over 400,000 samples. A follow up fire assay on the >100,000 ppb Au sample and rock samples collected from the area are in progress and the results are pending. The anomalous gold in soils form an approximate 500m N-S trending target and occurs within a circular magnetic low feature covering a 750m x 750m area and may indicate a buried intrusion with potential for porphyry and/or skarn style mineralization. A broad zone of anomalous Cu in soils (>100 ppm Cu; up to 1,395 ppm Cu) is also coincident with the magnetic feature, which appears to occur near the intersection of N-S and NE trending faults.

Prior to the Titan, the highest soil sample in the Company’s database was 9,019 ppb Au from the Donahue target on the White Gold property. The maximum soil values from other well-defined targets in the Company’s portfolio for comparison are present below:

The Hen property is situated within a prolific placer mining camp. Abundant, coarse placer gold has been recovered from creek gravels on North Henderson Creek immediately east of the Titan target. Additionally, the structural and geologic setting of the Hen indicate mineralization in the area is congruent with mineralized structures identified by the Company on the adjacent JP Ross property.

Preliminary follow up investigation of the highly anomalous gold in soil sample included the excavation of a pit overtop of the >100,000 ppb Au soil sample to an approximate depth of 90cm; the same depth as the soil sample. At that depth, subcrop of strongly quartz-sericite altered mafic gneiss with up to 5% disseminated magnetite and fine-grained specks of visible gold was encountered.

Additional ongoing follow up work on the target is ongoing and includes geologic mapping and prospecting, geophysical surveys and GT Probe sampling with a goal of defining drill locations on the target for later this season.

Table 1: Hen Property Soil Stats

Regional Exploration Update:

A total of 13,302 soil samples have been collected on 12 of the Company’s regional properties. The sampling was conducted to follow up and/or expand upon previous known anomalous areas, evaluate new target areas, and/or for assessment purposes.

Multiple new trends and targets were defined from this soil sampling with follow up work ongoing, including GT Probe sampling, geophysical surveys, trenching, geologic mapping, prospecting, and RAB drilling, with related results to be released in due course.

A summary of the soils collected per property and range of assays returned to date are detailed in Table 1 below. Outside of the Hen, highlights include results from the Nolan, QV, and Wolf properties, with these discussed in more detail below.

Table 1 – Summary of Regional Soil Assays Received to Date

Regional Target Highlights:

Nolan:

A total of 3,152 samples were collected on the Nolan over four grids. The best results were returned from two grids in the Mount Hart area on the southeastern end of the property. The northern grid extended a historic grid 1,500m to the east and returned clusters of anomalous results expanding known soil anomalies in the area. The southern grid expanded the historic grid 1,500m to the south and uncovered a new 550m NW trending zone of anomalous gold in soils ranging from trace to 525.3 ppb Au. All together, at least five distinct anomalous zones are currently recognised on the Hart and dominantly occur within felsic-mafic volcanic units adjacent to Cretaceous granitic intrusive:

Hart N1:

  • Covers approx. 1,000m x 1,900m area
  • Au ranges from trace to 534.2 ppb Au with coincident Bi-Pb-Te

Hart N2

  • Covers approx. 700m x 300m NW trending area.
  • Au from trace to 620.6 ppb Au, gold only anomaly

Hart S1

  • 1300m x 1000m, circular, anomaly
  • Au from trace to 517.6 ppb Au with coincident Ag-As-Bi-Pb

Hart S2

  • Linear 1,000m x 200m NE trending anomaly
  • Au from trace to 645 ppb Au with coincident Cu

Hart S3

  • New, approx. 550m x 100m NW trending anomaly
  • Au from trace to 525.3 ppb Au, gold only anomaly

Wolf:

A total of 666 samples collected over 1 grid designed to expand grid coverage and known anomalies to the NE of the Wolf onto the Flow claims acquired from Independence Gold in 2018. The grid returned gold values ranging from trace to 247.2 ppb Au and expanded the zone of anomalous gold in soils in the area by approximately 1km. The anomaly occurs on the northern flank of Wolf Mt. and covers an approximate 1,400m x 300m E-W corridor associated with anomalous Ag, As, Bi, Pb +/- Cu and covers the contact of a Cretaceous granitic intrusive, adjacent gneiss/schist, and overlying felsic-intermediate volcanic units.

QV:

A total of 1,466 soil samples were collected over two grids on the QV and adjacent Yellow properties. The most significant results were from a previously unsampled area in the central portion of the QV property and included samples ranging from trace to 106.2 ppb Au. This includes expansion of the Tetra zone approximately 600m to the west, and the Tetra target now covers a 1,300m x 1,000m area and is associated with an E-W trending magnetic low interpreted as a potentially mineralized structure. The Tetra target is located approximately 8.5km north of the VG Zone, which hosts an Inferred Resource of 230,000 oz Au(1). A total of 8 RC holes for 855m were drilled on the VG deposit by the Company in 2019. Results for the RC drilling is expected to be released in the coming weeks.

  • See White Gold Corp. news release dated March 1, 2019, available on SEDAR.

Upcoming Conferences
Management of the Company will be presenting at several upcoming conferences to provide a corporate update, answer questions and provide details on the recent discoveries and have also been selected for special group presentations as follows:

Precious Metals Summit Beaver Creek
Beaver Creek, Colorado – September 10-13, 2019
Presentation: Thursday, September 12, 2019 at1:45-2:00PM in Gerald R. Ford Conference Center, Lower (Main) Level, Room 2
More Information: https://www.precioussummit.com/event/2019-summit-colorado/
Denver Gold Forum
Denver, Colorado – September 15-18, 2019
Presentation: Tuesday, September 17, 2019 at 1:50-2:05PM in Hyatt Hotel, Room Centennial C (Explorer & Developer Forum)
More Information: https://www.goldforumamericas.com/

Please reach out to management if you would like to book a meeting at either of these conferences.

QA/QC

The analytical work for the 2019 program is being performed by ALS Canada Ltd. (ALS) and Bureau Veritas Commodities Canada Ltd. (BV), both internationally recognized analytical services provider, at their respective Vancouver, British Columbia laboratories.  Sample preparation was carried out at their Whitehorse, Yukon facilities. All rock, GT Probe,  RC chip, and diamond core samples were submitted to ALS and were 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 are reanalyzed using method Au-GRAV21 (30g Fire Assay with gravimetric finish). All soil samples were submitted to BV and 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).

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 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 extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective discoveries and 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 mineralization 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.

Contact Information:

David D’Onofrio
Chief Executive Officer
White Gold Corp.
(647) 930-1880
ir@whitegoldcorp.ca

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 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 necessary licenses, permits 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.

 

White Gold turns heads as exploration steps up a gear

Slowly but surely TSXV-listed White Gold Corp [TSXV: WGO] is coming into its own. About half way into its 2019 drilling programme it looks as if the debt-free Canadian company backed by Kinross Gold (19% equity stake) and Agnico Eagle (19%) could make this a transformative year.

New discoveries have rolled thick and fast both this year and last, paving the way, hopefully, for another significant uptick in White Gold’s resource tally.

In a recent company presentation, the company pointed to the strong take-out valuations on a per-ounce basis in the district with Kaminak going for roughly $175/oz when snapped up by Goldcorp in 2016.

The company’s substantive land package is in Yukon’s prolific White Gold District, the scene of the original Klondike Gold Rush. Today the company owns more than 40% of the claims in the region where both Newmont Goldcorp’s Coffee deposit and Western Copper & Gold’s Casino deposit are located.

More data on the results of this year’s fully funded C$13m drilling programme is expected within weeks, but already White Gold’s story is taking shape, with strong drilling results received since April, following four new gold discoveries in 2018 (Vertigo, GS West, Ryan’s Surprise and Betty Ford).

Currently, the company, is undertaking 17,000m of diamond drilling and 7,500m of reverse circulation (RC) drilling across a wide area.

Initial results were promising. At its flagship Golden Saddle deposit (White Gold property), the results “were among the best to date”, and at Vertigo (JP Ross property) at least six high grade mineralized structures have been discovered.

Highlighted intervals at Golden Saddle include 3.59g/t gold over 68m from 73m depth, including 8.11g/t over 13.6m from 77m depth, and 2.31g/t over 10.56m at 179m depth. At Vertigo intervals included 0.42m of 141g/t within a broader envelope of mineralization that averaged 11.64g/t over 5.34m from 3m depth, and 18.46g/t over 2.48m from 92m depth.

In a nutshell, the latest discoveries at Golden Saddle, 95km south of Dawson City, could significantly expand the high-grade mineralization within and beyond the current Golden Saddle resource boundary. Additionally, diamond drilling locally has extended Golden Saddle’s nearby GS Main zone 205m down dip from historic drilling, about doubling the down dip extension in the area.

All of Vertigo’s diamond drill holes intersected gold mineralization and the team has identified at least six high- grade mineralized gold structures. The company plans to drill 10,000m at Vertigo this season, one of its most notable discoveries during 2018. Drill intercepts in 2018 of up to 103.9g/t, and grab samples up to 304.3g/t were among the highest grades ever encountered in the White Gold district.

In summer 2019, White Gold identified multiple new high-grade gold mineralization trends across JP Ross further adding to the pipeline. The new trends were identified on the Stage Fright, Sabotage, Topaz, and Vertigo targets, all located within 10km of last year’s Vertigo discovery.

CEO David D’Onofrio said in an industry where even a single gold discovery would be notable, White Gold’s record displayed “the power of our proprietary exploration strategy and methodology”.

He said: “Unlike a typical junior mining company, there is no incentive for us to prolong work on a property where we don’t see the potential. We are systematically performing low-cost exploration work across our entire portfolio to guide where further exploration dollars are spent.”

Progress should be seen in the context of a large regional exploration program that continued to generate “a strong pipeline of new targets demonstrating the district-scale opportunity across WGO’s assets”.

At JP Ross, the team was following prospective gold targets near the Henderson Creek system, where placer gold mining has been taking place since the turn of the century.

Work at GS West and another gold target, Ryan’s Surprise, had demonstrated the existence of myriad satellite deposits surrounding Golden Saddle on trend. By testing similar targets, D’Onofrio hoped to show how the company’s properties would be turned into “a true gold camp”.

Another priority is to add more ounces to the 230,000oz at the VG Zone on the QV property acquired from Comstock Metals in early 2019. Here the resource is inferred at a cut-off of 0.5g/t (4.4 million tonnes grading 1.65g/t).

The VG resource is based on just 17 drill holes — and sits 44km northwest of Goldcorp’s Coffee project, which is being developed as an open pit and heap-leach gold mine, slated for production in 2021.

Significant similarities have been detected in structural setting and mineralization style between VG and Golden Saddle deposits.

D’Onofrio said: “This property has seen very limited exploration to date and we are confident that our team, including Jodie Gibson who originally oversaw the discovery drilling, is well positioned to maximize the value of the VG deposit and the other highly prospective targets on the property. The similarities of the deposit and targets on this property to Golden Saddle and Vertigo provide a unique opportunity to leverage our team’s experience in the White Gold District.”

Elsewhere, the Betty property was contiguous and hosted in the same regional structure as the Coffee project.

Brokers reckon this year’s drilling programme could yield significantly more than the 25% uptick in White Gold’s resource estimate that flowed from the 2018 drilling season.

The current tally amounts to 22,040 quartz claims across 35 properties, over 439,000 hectares/1,084,000 acres. Golden Saddle’s resource has 1,039,000 indicated and 508,000 inferred ounces of high-grade gold.

White Gold is undertaking 17,000m of diamond drilling and 7,500m of reverse circulation (RC) drilling across a wide area

Analysts certainly have White Gold on their radar. GMP Securities have the stock on its buy list with a price target of $2.20, while Canaccord Genuity, Clarus Securities and PI Financial have it on their watchlists.

There are other reasons why White Gold catches the eye.

For a start, legendary Yukon prospector Shawn Ryan is chief technical adviser. Years ago he staked and acquired a huge package of prospective Yukon properties, optioning them to different junior mining companies.
However, after millions of dollars of exploration work, in a soft gold market, the claims lapsed and all reverted back to Ryan, who then spent years reviewing the data, picked the best projects, partnered with PowerOne Capital in Toronto, and created White Gold Corp; this time with a systematic exploration strategy and a regional approach to exploration in the district.

Elsewhere, Rob Carpenter, formerly CEO of Kaminak Gold before it was sold to Goldcorp for US$520 million three years ago, is on the board. He has 25 years of experience as a mining company executive and professional geologist, with a PhD from Western University. He founded Kaminak, the company that discovered the Coffee deposit sold to Goldcorp, leading as president and CEO for seven years, seeing the company listed on the TSXV.

A look at the background of that deal helps to explain White Gold’s appeal.

Kaminak had been operating in the White Gold district since 2009 and produced a delicious feasibility study on Coffee that indicated the mine could be paid for in about two years with 3.4Moz. No wonder Goldcorp pounced, lifting the lid on what the district had to offer, and illustrating to investors the rich land package that White Gold is sitting on as it extends its exploration as well as increasing proven or probable reserves.

White Gold says it has more than 25 other early stage projects sitting in its pipeline.