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White Gold Corp.
Summary
| Project: | White Gold | |
|---|---|---|
| Deposit: | White Gold | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-8-2018: White Gold Corp. announces an Exploration/Drilling Update report for its White Gold deposit at the White Gold project. Drilling results incl. 32.0m @ 6.9g/t Au from 171m. TORONTO, Aug. 09, 2018 -- White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jodie Gibson (Internal) | |
| ABSTRACT: | TORONTO, Aug. 09, 2018 -- White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to provide an update on its fully funded $9 million exploration program and announce initial diamond drilling results. The 2018 program is designed to expand on and discover new resources on its flagship White Gold property as well as test several regional targets on its extensive land package representing approximately 40% of the White Gold District in Yukon, Canada. The initial phase of the diamond drilling program was designed to explore previously underexplored portions of the Golden Saddle deposit. Images to accompany this news release can be found at http://whitegoldcorp.ca/investors/explorationhighlights/. Highlights Incl David D’Onofrio, Chief Executive Officer stated, “Our 2018 drill program is off to an excellent start with overall production ahead of schedule and all drill crews operating extremely efficiently. The initial assay results are very encouraging, showing strong continuity of the high-grade deposit. We are looking forward to receiving assays from the rest of the drilling at the Golden Saddle and on our regional exploration targets in due course.” White Property Exploration Update To date, a total of 31 diamond drill holes (10,300m) and 14 RC drill holes (2,300m) have been completed on the White Gold property. Priority targets have included infill and deep drilling on the Golden Saddle and Arc deposits designed to expand the mineralization and gather metallurgical information as well as to explore various near surface gold targets along trend of the Golden Saddle. Results will be released in due course. The initial diamond drill holes tested underexplored portions of the Golden Saddle & Arc deposits where there are gaps in the current resource block-model. Each drill hole intersected zones of gold mineralization with grades that exceed the grade seen in nearest historic drill holes. Assay values for the drill holes ranged from trace to 27.5 g/t Au and true widths estimated to range from 70 – 95% of the reported intercepts. Significant results are detailed below. | |
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