WHITE GOLD CORP. (WGO.V): REPORTS SIGNIFICANT GT PROBE RESULTS UP TO 8.52 G/T GOLD AT THE ULLI’S RIDGE TARGET ALONG TREND FROM THE RYAN’S SURPRISE DISCOVERY AND 2.5KM FROM THE COMPANY’S FLAGSHIP GOLDEN SADDLE DEPOSIT
White Gold Corp. (TSX.V: WGO, OTC: WHGOF, FRA: 29W) (the “Company”) is pleased to announce significant results from 2020 GT Probe sampling on new targets located just west of its flagship Golden Saddle and Arc deposits containing a mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au on its White Gold property. This work forms part of the Company’s exploration program backed by strategic partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC) on its extensive 420,000 hectare land package in the prolific White Gold District, Yukon, Canada.
- 10 GT Probe lines totalling 403 samples were completed on 3 separate targets – Ulli’s Ridge, Minneapolis Creek and Ryan’s Surprise located within a 6.5km long by 1.0km wide, north-south trend of anomalous soil geochemistry approx. 2.5km west of the Flagship Golden Saddle & Arc Deposits
- At Ulli’s Ridge, all 6 probe lines returned anomalous gold with the northern portion of line WHTGTP20-003 encountering a 25m wide zone (6 samples) averaging 2.119 g/t Au including 8.516 g/t Au approximately 200m west of Ryan’s Surprise, in an area that has not been previously tested by trenching or drilling.
- At Ulli’s Ridge the southern portion of line WHTGTP20-008 encountered a 10m wide zone (3 samples) that averaged 3.126 g/t Au including 4.6 g/t Au.
- At Minneapolis Creek, anomalous gold was returned from several zones including a 40m wide zone (9 samples) averaging 0.427 g/t Au on line WHTGTP20-005 and 20m wide zone (5 samples) averaging 0.392 g/t Au on line WHTGTP20-006.
- The 2020 GT Probe results continue to identify new targets for drill testing.
- Additional results from the 2020 exploration program will be announced in the coming weeks.
- View the 2021 VRIC Corporate Update interview with David D’Onofrio, CEO and Shawn Ryan, Chief Technical Advisor and other newly posted video updates and media at: https://whitegoldcorp.ca/media/videos/.
Figures accompanying this news release can be found at: http://whitegoldcorp.ca/investors/exploration-highlights/.
“We are very pleased with these GT Probe results which have identified exciting new drill targets near our existing flagship gold deposit. This work was a follow up to the 2019 success in identifying these and other new targets, which have already led to new drill discovery, such as the recent high grade diamond drill results on the Ryan’s Surprise. These results also further validate the effectiveness of our exploration methodologies, the large scale of the mineralized system that hosts our existing gold deposits, and the potential for additional new discoveries on this underexplored trend. We look forward to drilling these new targets” stated David D’Onofrio, CEO of the Company.
The GT Probe sampling was carried out in 3 target areas on the White Property including Ulli’s Ridge, Minneapolis Creek and Ryan’s Surprise for a total of 403 samples on 10 survey lines (Figure 1). Samples were collected at 5m spacings at depths ranging from 0.5m to 4.5m, with an average depth of 1.8m. Results are summarized below for each target area, and assay highlights are provided in Table 1. Information on the GT Probe and sampling technique is summarized below in “About GT Probe Sampling”.
Property-Scale Soil Geochemistry Trend on White Gold Property
The 3 targets tested by the 2020 GT Probe sampling program lie within a 6.5km long by 1.0km wide, north-south trend of anomalous soil geochemistry (Figure 2), extending from Ulli’s Ridge in the south to the Teacher’s showing in the north, which displays a strong Au-As association, with significant individual anomalies defined by values of greater than 45 ppb Au and 150 ppm As (Figures 3 & 4). This Au-As signature is similar to that displayed at the Arc deposit and the Ryan’s Surprise high grade gold discovery (See Company press release October 14, 2020). The Au-As trend forms part a larger anomalous geochemical footprint that measures approximately 11km north-south by up to 4.5 km wide that includes the Golden Saddle deposit and several additional zones including the Wedge, Donahue North and South, and McKinnon’s East and West, all of which are largely gold only anomalies.
GT Probe Results
At Ulli’s Ridge the combined 2019 and 2020 GT Probe sampling outlined multiple NW trending mineralized structures that are coincident with the anomalous Au-As soil geochemistry. To date trenching and drilling within this large anomaly is limited and has only partially tested two potential structures. Similar NW trending mineralized zones are indicated from 2019 and 2020 GT Probe sampling at Minneapolis Creek, where RAB drilling in 2019 suggested that the potential zone was not tested effectively due to soil creep. Testing at Ryan’s Surprise was designed to test the surface expression of gold mineralization encountered in diamond drilling. The results for both lines supports the current interpretation that mineralisation does not extend to surface on this target as the gold mineralization is capped by the hanging wall amphibolites and pyroxenites (i.e. the target hosts blind mineralization). This is significant as it highlights the additional potential for buried mineralization in untested areas elsewhere on the property where cap rocks may structurally overly mineralization, and surficial geochemistry anomalies are consequently absent.
The Ulli’s Ridge target is located approximately 2.5km southwest of the Golden Saddle deposit and 1km south of the Ryan’s Surprise target. The area is underlain by metasedimentary rocks comprising interbedded metaquartzite and biotite-quartz-feldspar gneiss. Several interpreted structures cut through the area including a northwest-southeast trending thrust fault that marks the contact between the metasediments and overlying amphibolite.
Ulli’s Ridge is characterized by a large northwest-southeast trending coincident gold and arsenic soil anomaly measuring some 1,500m long by 600m wide with gold values up to 1585 ppb Au and arsenic values up to 2484 ppm As. Previous trenching and drilling at Ulli’s Ridge have encountered significant gold mineralization including 1.38 g/t Au over 20m in trench WGUR12TR01, 2.58 g/t Au over 3.05m and 6.27 g/t Au over 1.52m in hole WHTULR17RC-001, 9.70 g/t Au over 1.52m in hole WHTULR17RC-002, and 1.40 g/t Au over 7.62m in hole WHTULR19RAB-001.
Six GT Probe lines totalling 246 samples were completed at Ulli’s Ridge, with two lines being extensions of 2019 GT Probe sampling (Figure 5). Gold values range from 0.0025 to 8.516 g/t Au and arsenic values range from 8.5 – 5842.6 ppm As. The northern portion of line WHTGTP20-003 had 6 samples (25m wide) that averaged 2.119 g/t Au including a maximum value of 8.516 g/t Au. This zone occurs at the northwestern end of the large gold-in-soil anomaly approximately 200m west of Ryan’s Surprise, in an area that has not been previously tested by trenching or drilling. The central portion of probe line WHTGTP20-007 had 9 samples (40m wide) that averaged 0.212 g/t Au, and two additional samples near the western end of the line averaged 2.883 g/t Au. The southern portion of line WHTGTP20-008 had 3 samples (10m wide) that averaged 3.126 g/t Au with a maximum value of 4.603 g/t Au. RAB hole WHTUR19RAB-001 drilled approximately 60m east of this latter probe anomaly intersected 1.40 g/t Au over 7.62m from 24.4m depth.
The Minneapolis Creek target is located 3.5km west-northwest of the Golden Saddle deposit on a relatively steep east-facing slope. The geology is generally similar to Ulli’s Ridge with underlying metasedimentary rocks comprising interbedded metaquartzite and biotite-quartz-feldspar gneiss.
The target is associated with a large northwest-southeast trending coincident gold and arsenic soil anomaly measuring 900m long by 400m wide with gold values up to 1590 ppb Au and arsenic values up to 1658 ppm As. The soil anomaly appears to be terminated to the northwest by a northeast striking sinistral fault. Three of 4 RAB holes drilled in 2019 at Minneapolis Creek encountered anomalous gold (0.69 – 2.66 g/t Au) in the top 1.5m to 3.0m of the holes, confirming the surficial gold anomaly but suggesting that soil creep has occurred, and the holes may have been collared too far downslope to test the zone. Additionally, two of the RAB holes failed at shallow depths (< 26m) due to hole collapse in fault zones. Future drilling would be designed differently to properly accommodate for this to better test the target.
Two GT Probe lines totalling 102 samples were completed at Minneapolis Creek, with line WHTGTP20-005 being an extension of 2019 sampling (Figure 6). Gold values range from 0.009 – 1.714 g/t Au and arsenic values range from 40 – 1949 ppm As. The strongest probe results at Minneapolis Creek were at the northeastern end of line WHTGTP20-005 where 9 samples (40m wide) averaged 0.427 g/t Au including a maximum value of 1.714 g/t Au. On the southwest part of line WHTGTP20-006, 5 samples (20m wide) averaged 0.392 g/t Au with a maximum value of 1.320 g/t Au. Anomalous gold in the probe samples occur slightly upslope relative to the anomalous gold-in-soil values, implying that soil creep has occurred. Some anomalous probe gold values also occur at lower elevation along the survey lines, suggesting a second sub-parallel mineralized structure.
The Ryan’s Surprise target is located approximately 2km west of the Golden Saddle deposit and 2km east of the Yukon River. The area is underlain by a footwall sequence of metaquartzites that are overlain by and in thrust contact with amphibolite and pyroxenite. Diamond drilling at Ryan’s Surprise in 2020 returned several significant high-grade gold intercepts including 17.4 g/t Au over 3.47m in hole WHTRS20D013, 10.96 g/t Au over 3.76m in hole WHTRS20D017, and 8.69 g/t Au over 12.3m in hole WHTRS20D018 (see Company News Release dated October 14, 2020). Gold mineralization is structurally controlled by brittle breccia and fracture zones with minor late quartz veining in metaquartzites along a 100m to 125m wide structural corridor. The gold mineralization has a strong association with anomalous arsenic, hydrothermal graphite and sooty pyrite.
At Ryan’s Surprise 2 GT Probe lines totalling 55 samples were completed (Figure 7). The lines were designed to test the surface expression of gold mineralization encountered in diamond drilling. Results for both lines are generally low as it appears that the gold mineralization is capped by the hanging wall amphibolites and pyroxenites and does not come to surface in this particular area (i.e. blind mineralization). This is significant as it highlights the potential for buried mineralization in untested areas elsewhere on the property where barren cap rocks may structurally overly mineralization, and surficial geochemistry anomalies are consequently absent.
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