TORONTO, ONTARIO--(Marketwired - Sept. 13, 2017) - White Gold Corp. (TSX VENTURE:WGO) (the "Company") is pleased to announce assay results, an exploration update and the commencement of diamond and RC drilling on the White Gold Property recently acquired from Kinross Gold Corp. ("Kinross").
Highlights include:
- JP Ross Property: Hole 17JPR002: 3.05m of 21.87 g/t gold, including 1.52 m of 35.8 g/t gold and Hole 17JPR09-B: 6.10m of 3.10 g/t gold, including 3.05 m of 5.46 g/t gold;
- Loonie Property: Hole 17LOO009: 7.6m of 4.6 g/t gold, including 1.52 m of 17.1 g/t gold and Hole 17LOO025: 7.6m of 4.1 g/t gold, including 1.52 m of 11.5 g/t gold;
- Dime Property: Discovery of large structurally controlled mineralized system;
- Commencement of diamond drilling and RC drilling on the White Gold Property (recently acquired from Kinross) to expand and confirm historical resources
2017 Exploration Update
A significant amount of exploration work has been completed and is ongoing on the Company's portfolio of projects. A summary of the work completed to date includes:
- 24,855 soil samples collected over the Nolan, Bell, Hunker, Bonanza, IND, Toonie, Reba, CLW, Polar, Pedlar, Betty, Hayes, Carlisle and Rice properties.
- 42 line-km of IP-Resistivity surveys on the Nolan, IND, Dime, Black Hills, Brew and Wolf properties.
- 22,717 GT Probe samples collected on the Bonanza, IND, Black Hills, Brew, and Wolf properties.
- 10,812 line-km of airborne DIGHEM surveys on the Nolan, Hunker, Bonanza, IND, Toonie, Loonie, Dime, Black Hill's, JP Ross, Brew, Pedlar, Betty and Wolf properties.
- Geologic mapping and prospecting on the Nolan, Bell, Hunker, Dime, Black Hills, JP Ross, Brew and Dime properties.
- 7,240m of RAB drilling over 99 holes on the Nolan, IND, Dime, Loonie, JP Ross, and Brew properties.
In addition, the Company staked 80 claims on the Thor project. The Thor project is located approximately 5 km west of the White Gold Property and was staked to cover anomalous gold in soil values (from trace to 120 ppb Au) from historic work performed in the area. The Thor project is underlain by felsic orthogniess, metasediments, and ultramafic rocks within a similar structural setting as the adjacent White Gold Property. (See Yukon Assessment Report #095502) (1).
Results for RAB drilling on the JP Ross, Loonie and Dime properties are summarized below. Additional 2017 exploration results will be provided in due course.
David D'Onofrio, Chief Executive Officer, commented: "We have been pleased with the execution of the exploration program thus far and are very encouraged by the preliminary findings. We are also excited to get underway with our program on the Golden Saddle and Arc deposits on the recently acquired White Gold Property to increase the size and our confidence in the historical resources and potential prospectively of the properties. The camp is in excellent shape and should provide for efficient program execution."
JP Ross Property
A total of 905.26m over 14 holes was drilled on the Rebecca Target on the JP Ross property. The drilling was conducted to test mineralization beneath and along strike of historic trench JPRB10T0001 (35m of 6.31 g/t Au; reported in Yukon Assessment Report #096205)(1)
Mineralization on the Rebecca occurs within an E-SE trending, steeply south dipping, fault zone associated with brecciated quartz veins and quartz-sericite alteration. The zone is strongly oxidized and is associated elevated Ag, As, Bi, Cu, Pb, W, and Te. Coarse visible gold and electrum locally occurs within the brecciated quartz veins and historic grab samples of the vein material assayed up to 541 g/t Au and 101 g/t Ag (reported in Yukon Assessment Report #096205).
The 2017 RAB drilling program tested beneath the historic trench and traced the structure up to 350m along strike to the NW and SE, and to over 60m depth. It is open along strike and at depth, and there are indications of subparallel structures in the area that are being followed up with additional work including geologic mapping, infill soil sampling and IP-Resistivity surveys. Assay results for the 2017 program ranged from trace to 35.80 g/t Au with the best intercept returning 21.87 g/t Au over 3.048m from hole 17JPR002. Significant results for the RAB drilling program are detailed below:
| Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) |
| 17JPR002 | 6.096 | 9.144 | 3.048 | 21.87 |
| Including | 6.096 | 7.62 | 1.524 | 35.80 |
| And | 18.288 | 19.812 | 1.524 | 1.04 |
| 17JPR003 | 60.96 | 62.484 | 1.524 | 7.64 |
| *Hole ended in mineralization | ||||
| 17JPR006 | 6.096 | 15.24 | 9.144 | 1.77 |
| Including | 12.192 | 13.716 | 1.524 | 6.98 |
| 17JPR009-A | 33.528 | 39.624 | 6.096 | 2.11 |
| *Hole ended in mineralization | ||||
| 17JPR009-B | 21.336 | 27.432 | 6.096 | 3.10 |
| Including | 21.336 | 27.432 | 3.048 | 5.46 |
Insufficient information is available to estimate the true thickness of these intercepts and, as such, the true thickness may be less than the down-hole length intercept reported above.
Loonie Property
The 2017 RAB drilling program on the Loonie property focused on the Lira target, an approximately 75m x 740m zone of anomalous gold in soils associated with an E-NE trending shear zone(s). Historic RAB drilling on the target returned grades from trace up to 20.7 g/t gold, which included 12.2m of 4.93 g/t Au from LOORAB14-01 (see the Company's News Release dated January 23, 2017 for more information available on SEDAR at www.sedar.com)(1). The 2017 RAB program at Lira consisted of 1,970m of drilling in 30 holes that were designed to test the entire strike length of the vein system.
Mineralization along the zone is associated with strongly quartz-sericite-clay altered and brecciated felsic orthogenesis with a sequence of several overlapping and semi to non-contiguous vein segments, disseminated pyrite, and, locally, visible gold. Assay results ranged from trace up to 17.1 g/t Au and are associated with elevated Bi and Te. Significant results for the RAB drilling program are detailed below:
| Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | |
| 17LOO009 | 0.0 | 7.6 | 7.6 | 4.6 | |
| including | 6.1 | 7.6 | 1.5 | 17.1 | |
| 17LOO012 | 6.1 | 7.6 | 1.5 | 3.5 | |
| 17LOO016 | 13.7 | 21.3 | 7.6 | 0.6 | |
| Including | 13.7 | 16.8 | 3.0 | 1.2 | |
| 17LOO017 | 0.0 | 7.6 | 7.6 | 1.9 | |
| Including | 0.0 | 4.6 | 4.6 | 3.0 | |
| Including | 1.5 | 3.0 | 1.5 | 6.4 | |
| 17LOO018 | 9.1 | 21.3 | 12.2 | 0.8 | |
| Including | 15.2 | 21.3 | 4.6 | 1.9 | |
| Including | 15.2 | 16.8 | 1.5 | 4.2 | |
| 17LOO025 | 64.0 | 71.6 | 7.6 | 4.1 | |
| including | 64.0 | 65.5 | 1.5 | 11.5 | |
| 17LOO026 | 64.0 | 65.5 | 1.5 | 4.3 | |
| 17LOO034 | 0.0 | 1.5 | 1.5 | 6.7 | |
| 17LOO035 | 3.0 | 7.6 | 4.6 | 5.2 | |
| Including | 3.0 | 4.6 | 1.5 | 9.3 | |
Insufficient information is available to estimate the true thickness of these intercepts and, as such, the true thickness may be less than the down-hole length intercept reported above.
Dime Property
A total of 1,898m over 24 holes of RAB Drilling were completed on the Dime property. The drilling was focused on the Gemini zone and targeted two approximately 325m x 200m north-northeast trending, gold - arsenic soil anomalies associated with strongly sericite altered meta-sediments and fine grained meta-intrusive rocks with zones of quartz veining and brecciation (see the Company's News Release dated April 25th, 2017 for more information available on SEDAR at www.sedar.com) (1). The 2017 drilling program tested over 350m of strike length and up to 100m depth along both of the Gemini soil anomalies.
The drilling consistently intercepted broad, up to 44.196m, intercepts of low grade gold mineralization with the best intercept returning 21.336m of 0.586 g/t Au from hole 17DIM010. Individual assays ranged from trace to 2.63 g/t Au and are coincident with strongly elevated As ± Pb. Geologic mapping in the area indicates that alteration and mineralization in the target area extends at least 100m vertically lower than tested by the RAB drill and appears to strengthen at depth; indicating the potential for increased grade at depth below the target area. Significant results for the RAB drilling program are detailed below:
| Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) |
| 17DIM003 | 16.764 | 21.336 | 4.572 | 0.643 |
| 17DIM004 | 30.48 | 53.34 | 22.86 | 0.402 |
| including | 30.48 | 42.672 | 12.192 | 0.605 |
| and | 36.576 | 38.1 | 1.524 | 2.63 |
| 17DIM005 | 56.388 | 74.676 | 18.288 | 0.241 |
| and | 73.152 | 74.676 | 1.524 | 2.203 |
| 17DIM006 | 0 | 41.148 | 41.148 | 0.199 |
| and | 54.864 | 73.152 | 18.288 | 0.372 |
| including | 67.056 | 70.104 | 3.048 | 1.31 |
| 17DIM008 | 0 | 19.812 | 19.812 | 0.146 |
| and | 48.768 | 64.008 | 15.24 | 0.261 |
| and | 79.248 | 80.772 | 1.524 | 1.59 |
| 17DIM009 | 0 | 35.05 | 35.052 | 0.171 |
| and | 57.912 | 80.772 | 22.86 | 0.332 |
| including | 71.628 | 74.676 | 3.048 | 1.12 |
| 17DIM010 | 0 | 21.336 | 21.336 | 0.586 |
| including | 4.572 | 18.288 | 13.716 | 0.791 |
| including | 4.572 | 9.144 | 4.572 | 1.34 |
| 17DIM011 | 0 | 44.196 | 44.196 | 0.380 |
| including | 4.572 | 33.528 | 28.956 | 0.500 |
| including | 9.144 | 10.668 | 1.524 | 1.329 |
| 17DIM013 | 0 | 19.812 | 19.812 | 0.243 |
| 17DIM014 | 3.048 | 30.48 | 27.432 | 0.159 |
| 17DIM015 | 13.716 | 33.258 | 19.812 | 0.179 |
| 17DIM016 | 36.576 | 76.20 | 39.624 | 0.147 |
| 17DIM017 | 0 | 22.86 | 22.86 | 0.285 |
| including | 10.668 | 21.336 | 10.668 | 0.385 |
| 17DIM018 | 15.24 | 18.288 | 3.048 | 0.470 |
| 17DIM019 | 0 | 9.144 | 9.144 | 0.246 |
| and | 59.436 | 68.58 | 9.144 | 0.218 |
| 17DIM020 | 41.148 | 64.008 | 22.86 | 0.234 |
| 17DIM022 | 9.144 | 51.816 | 45.672 | 0.158 |
| including | 28.956 | 45.72 | 16.764 | 0.204 |
| 17DIM023 | 21.336 | 44.196 | 22.86 | 0.325 |
| including | 33.328 | 38.10 | 4.572 | 0.801 |
| 17DIM024 | 1.524 | 54.864 | 53.34 | 0.211 |
| including | 48.768 | 50.291 | 1.524 | 1.03 |
Insufficient information is available to estimate the true thickness of these intercepts and, as such, the true thickness may be less than the down-hole length intercept reported above.
White Gold Property
The Company has commenced an aggressive drill program on the Golden Saddle and Arc deposits on the White Gold property. The purpose of the drilling will be to infill and expand the footprint of the mineralization defined in diamond drilling by Underworld Resources and Kinross from 2008 to 2012, with the goal of increasing the size and confidence in the mineralization and potential prospectively of the properties. The Company plans to incorporate the results into an updated mineral resource estimate in respect of the properties, anticipated in Q1 2018.
Golden Saddle Zone
The 2017 drill program on the Golden Saddle ("GS") will focus on infill drilling on the historic resource area and step out drilling along strike to the NE and SW. Specific targets include areas with >50m spacing between historic intercepts on the GS Main zone, with holes extending up to 400m depth. The purpose of the drilling is to improve continuity between known areas of high grade mineralization (>5 g/t Au) and along subparallel footwall zones of mineralization intercepted by the historic drilling. Diamond drilling will focus on holes projected to be >200m depth and a track mounted RC drill will be utilized for all holes <200m depth.
Historic measured and indicated mineral resources on the Golden Saddle range from 840,000 - 1,044,570 ounces grading from 2.7 to 3.19 g/t gold and inferred mineral resources ranging 125,000 - 407,410 ounces grading from 1.8 to 2.52 g/t gold and are based off approximately 50% of the historic drilling (see the Company's News Release dated May 18, 2017 for more information, available on SEDAR at www.sedar.com) and "Information Regarding Historical Resources" below(1).
Arc Zone
The Arc Zone is located adjacent to the Golden Saddle to the south. The zone extends from surface, has a strike length of 850m, extends 400m down dip, and is still open along strike and down dip. Historic estimates of inferred mineral resources on the Arc include 170,470 ounces contained within 4.37 Mt at a grade of 1.21 g/t Au (see the Company's News Release dated May 18, 2017 for more information available at www.sedar.com).
The historic drilling performed on the Arc was wide-spaced, typically >100 between drill intercepts and requires infill drilling to improve the continuity of the mineralized zone. Additionally, there are indications of a subparallel zone of mineralization below the main Arc Zone that require drill testing. Historic drill intercepts into the lower Arc target, including WD-084: 4.5m of 10.78 g/t Au from 169m depth, demonstrate the potential for high grade mineralization within a lower grade envelope within the target (reported in the technical report titled "White Gold Property Dawson Range Yukon, Canada" dated March 3, 2010, prepared by Lars Weiershäuser, P.Geo, Marek Nowak, P.Eng and Wayne Barnett, Pr.Sci.Nat. of SRK Consulting (Canada) Inc. (the "Technical Report"))(1).
Additional work on the White Gold Property including IP-Resistivity surveys, airborne DIGHEM surveys, GT Probe sampling and geologic mapping is ongoing and will be utilized to revise the geologic model for the Golden Saddle and Arc areas and define targets for follow up drilling in 2018.
The Golden Saddle and Arc resource estimates are considered historical estimates and the Company is not treating them as current mineral resources (see the Company's News Release dated May 18, 2017 for more information available on SEDAR at www.sedar.com)(1).
The Company encourages individuals interested in the Company to visit its website (www.whitegoldcorp.ca) to further understand the size and scope of the Company's projects in the White Gold District, Yukon.
The analytical work for the 2017 program has been performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory. Sample preparation was carried out at its Whitehorse, Yukon facility. All soil samples were using procedure SS80 (dry at 60 C and sieve 100g at -80 mesh) and analyzed by method AQ201 (aqua regia digestion and ICP-MS analysis). All rock, GT Probe, RAB, RC, and diamond core samples are prepared using procedure PRP70-250 (crush, split and pulverize 250 g to 200 mesh) and analyzed by method FA430 (30g fire assay with AAS finish) and AQ200 (0.5g, aqua regia digestion and ICP-MS analysis). Samples containing <10g/t Au were reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encounter (FS600).
Qualified Person
Jodie Gibson, PGeo, of GroundTruth Exploration Inc. is a "qualified person" as defined under National Instrument 43-101, and has reviewed and approved the content of this news release. GroundTruth Exploration Inc. is owned by the spouse of a director of the Company. Potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource on any of the Company's properties to date, and it is uncertain if further exploration will result in any such target being delineated as a mineral resource.
Ground Truth Exploration Inc., Dawson City, YT, designed and managed all work for the Company. The reported work was completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the insertion of certified standards, blanks, and field duplicates into the sample stream. The qualified person detected no significant QA/QC issues during review of the data.
About White Gold Corp.
The Company owns a portfolio of 19,438 quartz claims across 30 properties covering over 390,000 hectares representing approximately 40% of the Yukon's White Gold District. Preliminary exploration work has produced several prospective targets. The claim packages are bordered by sizable gold discoveries owned by Goldcorp Inc. and Western Copper and Gold Corporation. The Company has outlined an aggressive exploration plan to further explore its properties. For more information visit www.whitegoldcorp.ca.
