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White Gold Corp.
Summary
| Project: | White Gold | |
|---|---|---|
| Deposit: | VG | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/20/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-2-2020: White Gold Corp. announces an Exploration/Drilling Update report for its VG deposit at the White Gold project. Drilling results incl. 50.30m @ 2.04g/t Au fro 70.10m. TORONTO, Feb. 20, 2020 -- White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHG | |
| Resources: | (Resource): 1,039,600oz Au (Ind.) and 508,700oz Au (Inf.) at White Gold | |
| CP/QP: | [Overall Report]: Jodie Gibson, Andrew Hamilton (Internal) | |
| ABSTRACT: | TORONTO, Feb. 20, 2020 -- White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce positive RC drill results on its recently acquired VG Deposit located on the QV Property. The drilling extended known mineralization which remains open in all directions and shows similarities to the nearby Golden Saddle deposit. The QV Property was acquired in early 2019 and contains the VG Deposit, which hosts an historic inferred gold resource of 230,000 oz at 1.65 g/t Au(1) and several highly prospective undrilled targets in close proximity. The QV Property is historically underexplored and demonstrates strong similarities and prospective geology as that found on both the White Gold and JP Ross properties. Drilling in 2019 was designed to step-out on the VG deposit along strike to the NE and SW, and to infill gaps in the deposit’s historic resource model. 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 sampling, 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. | |
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