{"id":1019989,"date":"2018-09-18T14:32:33","date_gmt":"2018-09-18T14:32:33","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=1019989"},"modified":"2018-09-18T14:32:33","modified_gmt":"2018-09-18T14:32:33","slug":"white-gold-corp-acquires-stakes-properties-around-new-discovery-on-jp-ross-property-yukon-management-to-present-at-upcoming-conferences-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1019989","title":{"rendered":"White Gold Corp Acquires & Stakes Properties Around New Discovery on JP Ross Property, Yukon; Management to Present at Upcoming Conferences"},"content":{"rendered":"

By Ashley Cowell<\/a><\/span> <\/p>\n

White Gold Corp. (TSXV: WGO<\/a>, OTC \u2013 Nasdaq Intl: WHGOF<\/a>, FRA: 29W) (the \u201cCompany\u201d) is pleased to announce that it has reached agreement to acquire a 100% interest in a portfolio of mining claims comprising the Henderson, Flow\/Work Creek and Birdman properties (collectively, the \u201cProperties\u201d) from Independence Gold Corp. (TSX.V: IGO) (\u201cIGO\u201d) in exchange for an aggregate cash payment of $35,000, 160,000 common shares in the capital of the Company (the \u201cShares\u201d), and two 1% net smelter return (\u201cNSR\u201d) royalties on the Properties. The Properties are comprised of an aggregate of 920 claims representing approximately 18,000 hectares of land in the White Gold District. The Company has also staked 299 claims adjacent to the JP Ross and Hen properties (the \u201cStaked Claims\u201d). The acquisitions extend the Company’s land package immediately to the west and south of the Company’s JP Ross property in the area surrounding the recently announced discovery and increases the Company’s landholdings in the Yukon to 409,000 hectares. Maps further detailing the property locations can be found at http:\/\/whitegoldcorp.ca\/investors\/exploration-highlights\/<\/a>.<\/p>\n

Photos accompanying this announcement are available at:<\/p>\n

http:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/405e23c9-2c93-400f-94b4-430d34bf6a37<\/a><\/p>\n

http:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/417c2c63-8198-447c-a355-d3b99f1409f9<\/a><\/p>\n

Under the terms of the agreements to acquire the Properties, IGO will maintain: (i) a 1.0% NSR royalty over the claims comprising the Henderson property, which can be purchased by the Company at any time for $2,000,000; and (ii) a 1.0% NSR royalty over the claims comprising the Flow\/Work Creek property, which can be purchased by the Company at any time for $1,000,000. The Shares to be issued as partial consideration to IGO will be subject to a four month and one day regulatory hold period from the date of closing. The acquisition of the Properties is expected to close this week and remains subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the \u201cExchange\u201d).<\/p>\n

David D’Onofrio, Chief Executive Officer of the Company, stated, \u201cThe acquisition of these properties and claims add substantially to our holdings surrounding the recent exciting discovery on JP Ross and further expands our dominant position in the White Gold District. We are looking forward to the additional results from the exploration conducted on JP Ross and our other targets to be released in due course.\u201d<\/p>\n

Newly Acquired and Staked Property Information
\nThe acquisition of the Properties and the Staked Claims consolidates and expands the Company’s already substantial land position in the White Gold District and adds strategic land surrounding the site of the recent discovery at the Vertigo target.<\/p>\n

The Henderson property is situated within a prolific placer mining camp. Abundant, coarse placer gold has been recovered from creek gravels that overlie inferred fault intersections at two places on North Henderson Creek. There are indications that known mineralized structures on the Companies JP Ross property continue onto the Henderson property.<\/p>\n

The Staked Claims are immediately south of the Company’s JP Ross property in the area surrounding the Vertigo discovery. The Company staked 275 claims adjacent to the JP Ross property and 24 claims adjacent to the Company’s Hen property.<\/p>\n

Included in the Properties are Flow\/Work Creek and Birdman which are also contiguous to properties owned by the Company.<\/p>\n

Upcoming Conferences
\nManagement 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:<\/p>\n

Precious Metals Summit
\nBeaver Creek, Colorado \u2013 September 20-22, 2018
\nPresentation: Thursday, September 20, 2018 at 3:30-3:45 PM in Room 1 \u2013 Heritage Hall, Ford Center
\nMore Information: http:\/\/www.precioussummit.com\/event\/2018-summit-colorado\/<\/a><\/p>\n

Denver Gold Forum
\nColorado Spring, Colorado \u2013 September 23-26, 2018
\nPresentation: Monday, September 24, 2018 at 4:45-5:00 PM in Broadmoor Hall F
\nMore Information: https:\/\/www.denvergoldforum.org\/<\/a><\/p>\n

Please reach out to management if you would like to book a meeting at either of these conferences.<\/p>\n

About White Gold Corp.
\nThe Company owns a portfolio of 20,501 quartz claims across 30 properties covering over 409,000 hectares representing approximately 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g\/t gold and 262,220 ounces Inferred at 1.70 g\/t gold as set forth in the technical report entitled \u201cIndependent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada\u201d, dated March 5, 2018, filed under the Company’s profile on SEDAR. 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 Goldcorp Inc. (disclosed M&I gold resource of 4.1M oz) and Western Copper and Gold Corporation’s Casino project (disclosed P&P gold reserves of 8.9M oz Au and 4.5B lb Cu). The Company has outlined an aggressive exploration plan to further explore its properties. For
\nmore information visit www.whitegoldcorp.ca<\/a>.<\/p>\n

Qualified Person
\nJodie Gibson, P.Geo. and Vice President of Exploration for the Company is a \u201cqualified person\u201d as defined under National Instrument 43-101 \u2013 Standards of Disclosure for Mineral Projects(\u201cNI 43-101\u201d) and has reviewed and approved the content of this news release.<\/p>\n

Cautionary Note Regarding Forward Looking Information
\nThis news release contains \u201cforward-looking information\u201d and \u201cforward-looking statements\u201d (collectively, \u201cforward-looking statements\u201d) 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 \u201cexpects\u201d, or \u201cdoes not expect\u201d, \u201cis expected\u201d, \u201canticipates\u201d or \u201cdoes not anticipate\u201d, \u201cplans\u201d, \u201cbudget\u201d, \u201cscheduled\u201d, \u201cforecasts\u201d, \u201cestimates\u201d, \u201cbelieves\u201d or \u201cintends\u201d or variations of such words and phrases or stating that certain actions, events or results \u201cmay\u201d or \u201ccould\u201d, \u201cwould\u201d, \u201cmight\u201d or \u201cwill\u201d …read more<\/a> <\/p>\n

From:: Investing News Network<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Ashley Cowell White Gold Corp. (TSXV: WGO, OTC \u2013 Nasdaq Intl: WHGOF, FRA: 29W) (the \u201cCompany\u201d) is pleased to announce that it has reached agreement to acquire a 100% interest in a portfolio of mining claims comprising the Henderson, Flow\/Work Creek and Birdman properties (collectively, the \u201cProperties\u201d) from Independence Gold Corp. (TSX.V: IGO) (\u201cIGO\u201d) […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[359],"tags":[],"class_list":["post-1019989","post","type-post","status-publish","format-standard","hentry","category-inn"],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1019989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1019989"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1019989\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1019989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1019989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1019989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}