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White Gold Corp.
Summary
| Project: | White Gold | |
|---|---|---|
| Deposit: | Golden Saddle | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/6/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-9-2018: White Gold Corp. announces an Exploration/Drilling Update report for its Golden Saddle deposit at the White Gold project. Drilling results incl. 6.0m @ 20.64g/t Au from 83.82m. White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jodie Gibson (Internal) | |
| ABSTRACT: | White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce that high-grade gold mineralization has been discovered at shallow depths on multiple drill holes on the Ryan’s Showing Target, located along trend with the Company’s flagship Golden Saddle deposit 2 KM to the west. The drill holes were completed using Reverse Circulation (“RC”) drilling which is used by the Company to drill shallow, sub200m holes more cost efficiently than traditional exploration. The drilling was part of the Company’s 14,500m drill program focused on expansion of the existing gold resource on the White Gold property. This program includes expansion of the Golden Saddle deposit and exploration of nearby targets such as the Ryan’s Showing. A diamond drill will be moved to the discovery site to perform additional exploration. Images to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/. “We are very excited about the discovery of a significant new high-grade gold zone 2 KM from the Golden Saddle. We have recognized the potential of satellite deposits near the Golden Saddle which would have the potential to greatly increase the size of the Company’s resource,” stated Jodie Gibson, VP Exploration of the Company. “This is one of many promising targets on the White Gold property tested this year and we are looking forward to the additional results in due course.” Ryan’s Showing Target, White Gold Property The Ryan’s Showing is located approximately 2km west of the Golden Saddle deposit on the White Gold property and consists of gold in soil anomalies (trace to 1576 ppb Au) associated with a distinct east-west oriented, north dipping, structure visible in Lidar imagery, DIGHEM, and IP-Resistivity. One historic drill hole(1) in the area (WGRS11D0003) was drilled subparallel to the structural trend approximately 200m north west of WHTRYN18RC0001 which returned 6.34 g/t Au over 6.56m from 159.44m depth; indicating the potential for high grade mineralization in the area which has been confirmed by holes WHTRYN18RC0001 and WHTRYN18RC0002. The area along trend from the Golden Saddle deposit to the Ryan Showing has been historically unexplored. In 2018, the Company has performed some additional exploration along trend and results will be released in due course. | |
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