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White Gold Corp.
Summary
| Project: | Betty | |
|---|---|---|
| Deposit: | Betty | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/8/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-1-2019: White Gold Corp. announces an Exploration/Drilling Update report for its Betty deposit at the Betty project. Drilling results incl. 50.29m @ 1.08g/t Au from 4.57m. TORONTO, Jan. 08, 2019 -- White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jodie Gibson (Internal) | |
| ABSTRACT: | TORONTO, Jan. 08, 2019 -- White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company) is pleased to announce Rotary-Air-Blast (“RAB”) drill results from its Betty property located in Yukon, Canada, with numerous drill holes across several target areas encountering near surface gold mineralization. The gold mineralization was encountered along the eastern extension of the Coffee Creek fault which hosts the adjacent Coffee deposit owned by Goldcorp Inc. (TSX: G, NYSE: GG) currently being developed as an open pit and heap leach gold mine with commercial production anticipated to begin in 2021. These results represent a new discovery on a previously undrilled target, discovered through the Company’s systematic and data driven regional exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC). “The discovery on the Betty Ford target is a very significant finding, intersecting over 50 meters of near surface gold mineralization at grades comparable to the adjacent Coffee project, along trend and with structural similarities. We are also very encouraged with the discovery of gold mineralization encountered on other targets across the Betty property which indicates the presence of a broader gold system,” stated Jodie Gibson, VP Exploration. “The Betty property remains underexplored and we believe that this preliminary shallow drill program has just scratched the surface of the mineral potential along the very prospective Coffee Creek fault. Furthermore, this marks the fourth new discovery by our team this season, further increasing confidence in our exploration methodology and providing greater understanding of the regional geology and the prospects for additional discoveries. We look forward to applying our effective and efficient exploration techniques across our land package which now totals over a million acres in the White Gold District.” | |
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