White Gold Corp. (TSX.V: WGO, OTC: WHGOF, FRA:
29W) (the “
Company”) is pleased to announce
results for surface sampling, mechanical trenching and rotary air
blast (“RAB”) drilling programs completed on its road accessible JP
Ross (“JPR”) property which identified additional and widespread
structurally controlled gold mineralization at multiple targets,
and RAB, reverse circulation (“RC”) and diamond drilling results on
its Titan project on the Hen property, Yukon Canada. This work
formed part of the Company’s 2020 exploration program backed by
strategic partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM)
and Kinross Gold Corp (TSX: K, NYSE: KGC) on its extensive 420,000
hectare land package in the prolific White Gold District, Yukon,
Canada.
Highlights Include:
- At the JPR
property, additional gold mineralization encountered on multiple
targets hosted within a regional scale structurally controlled
mineralized system.
- Trenching at
the Vertigo target identified a new mineralized zone grading 2.16
g/t Au over 21.0m including higher grade subzones of 5.69 g/t Au
over 3.0m and 4.15 g/t Au over 5.0m, associated with a southeast
trending gold-in-soil geochemistry anomaly which remains open along
strike.
- JPR RAB
drilling encountered gold mineralization in every hole with
mineralized zones ranging from 0.20-3.29 g/t Au over widths of
1.5-9.1m.
- Rock samples
from a hand dug pit collected on the recently discovered Notorious
target confirmed the presence of high-grade gold mineralization.
The two deepest samples at 1.4m and 1.5m returned the highest
values including 18.2 g/t Au & 33.6 g/t Ag and 4.376 g/t Au
& 9.8 g/t Ag, respectively.
- Structural
analysis of the Notorious target area based on LiDAR and magnetics
confirms a favourable structural geological setting.
- At Titan, RC
and diamond drill holes were completed 8m and 4m respectively from
RAB hole HENTTN19RAB-002 (72.81 g/t Au over 6.09m) to better
quantify the grade and width of mineralization. Hole HENTTN20RC-001
intersected 105.0 g/t Au over 1.53m from 12.19m depth &
HENTTN20D-003 intersected 37.40 g/t Au over 1.5m from 14.0m
depth.
- Titan diamond
drilling intersected multiple felsic dykes up to 10m wide, locally
with well-developed quartz veinlets with potassium feldspar haloes
and trace pyrite and galena, confirming intrusive activity and
potential for buried porphyry style alteration and
mineralization.
- Source of
magnetic highs on Titan target is magnetite-rich zone(s) with
anomalous copper near the base of a mafic unit.
- Significant
additional results from the 2020 exploration program to be
announced in the coming weeks.
- View the 2021
VRIC interview with David D’Onofrio, CEO and Shawn Ryan, Chief
Technical Advisor and other newly posted video updates and media
at: https://whitegoldcorp.ca/media/videos/.
Figures accompanying this news release can be
found at:
http://whitegoldcorp.ca/investors/exploration-highlights/.
All gold intersections reported herein are
measured drill or trench lengths as insufficient work has been
carried out to determine true widths.
“We are pleased to have encountered further
additional gold mineralization across multiple recently identified
zones as well as confirmed the high-grade mineralization on the
newly discovered Notorious target, providing further indication
that the abundant gold mineralization is part of a robust regional
scale structurally controlled system on the JP Ross Property. This
program has also provided valuable insight into the orientation and
geometry of the mineralized systems, information that has been
incorporated into our scientific and data driven methodology to
define drill targets for the upcoming season. We look forward to
releasing additional results from our 2020 exploration program and
continuing to advance our projects in 2021,” stated David
D’Onofrio, CEO.
AME Roundup 2021The Company is
pleased to invite interested parties to its virtual booth at the
AME Remote Roundup 2021 Virtual Conference. Learn more about the
Company’s unique district-scale gold investment opportunity with
significant defined resources and new discovery potential in the
emerging White Gold District, Yukon, Canada. The virtual booth
includes highlights of 2020 achievements, in-depth interviews by
management, along with an interactive chat and a discussion of what
investors can look forward to in 2021.
Date: January 18th to 22nd
2020, 9:00AM PST to 4:00PM PSTRegistration:
https://roundup.amebc.ca/Event Agenda:
https://roundup.amebc.ca/schedule-at-a-glance/
JPR Property
The JPR is a large road accessible property
covering 76,385 hectares centered on the famed Henderson Creek
placer gold area located north of the Stewart River and east of the
Yukon River. The property is located approximately 80km south of
Dawson City and 30km northeast of the Company’s flagship Golden
Saddle and Arc deposits which have a mineral resource of 1,139,900
ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39
g/t Au(1). Most of the JPR property is underlain by a metamorphosed
interlayered Paleozoic sequence comprising Devonian‐Mississippian
clastic sedimentary rocks, mafic and felsic volcanic rocks, and
intrusive rocks. Volcanic rocks of the Late Cretaceous Carmacks
Group occur in the northern and east central portions of the
property. Gold-related alteration and mineralization on the JPR
property is predominantly structurally controlled and the area
shows a complex structural history. Three primary fault systems are
recognized, which from oldest to youngest are: 1) NNW to N-trending
thrust faults; 2) WNW to E-W-trending sinistral faults; and 3) NE
to NNE-trending sinistral and normal faults. The WNW to
E-W-trending sinistral fault systems represent the best potential
for orogenic gold, and the younger NE to NNE-trending sinistral and
normal faults may potentially host porphyry-style copper-gold
mineralization. Multiple gold-in-soil anomalies and target areas
have been identified across the property, and recent drilling has
confirmed gold mineralization with significant grades and widths,
including 5.45 g/t Au over 4.57m in hole JPRNF19RAB-002 at North
Frenzy, 5.44 g/t Au over 4.57m in hole JPRSF19RAB-005 at Stage
Fright, 3.42 g/t Au over 7.62m in hole JPRSAB19RAB-011 at Sabotage,
and 9.61 g/t Au over 4.15m in hole JPRVER19D0005 at Vertigo.
Geochemical associations with gold appear to be target specific
with mineralization occurring as Au-only, or associated with any
combination of Pb, Bi, As, Ag, Cu, Te and Sb. Common accompanying
sulphide minerals include pyrite, arsenopyrite and galena. A
summary of 2020 exploration highlights and related historical
results on the JPR property is shown in Figure 1.
Trenching Program
Eleven trenches totalling 384m were excavated
utilizing a CanDIG mini excavator on 4 separate targets including
Frenzy, Sabotage, Vertigo and West Vertigo to test gold-in-soil
and/or GT Probe anomalies. In general, the CanDIG was used in areas
with steep slopes where the larger Kubota excavator was unable to
operate safely (see Company news release dated October 22, 2020).
The locations of the 2020 CanDIG trenches are shown in Figure 2 and
significant results are summarized below.
Two trenches were excavated at the Vertigo
target proximal to previously encountered mineralization, with
trench JPRVER20T020 returning the most significant results of the
trenching program with 2.16 g/t Au over 21.0m which included two
higher grade subzones of 5.69 g/t over 3.0m and 4.15 g/t Au over
5.0m. The trench ended in mineralization to the south, so the zone
remains open in that direction. The mineralization is hosted in
vuggy oxidized biotite-quartz-feldspar gneiss (BQFG) containing
minor pyrite. The location of trench JPRVER20T020 relative to
previous drilling is shown in Figure 3, which shows that the
mineralization is associated with a southeast-striking gold-in-soil
anomaly that remains open along strike. Future exploration at the
Vertigo target will be performed to test the strike potential of
this zone.
Six trenches were excavated at the Frenzy target
with 3 trenches encountering gold in the range of 0.14 – 0.57 g/t
Au over widths of 1.0-10.0m. Trench JPRFRE20T009 contained one zone
grading 2.35 g/t Au over 1.5m within a broader zone of 0.53 g/t Au
over 10.0m. Mineralization in trench JPRFRE20T009 is associated
with disseminated pyrite in weakly sericitized BQFG and/or
disseminated and fracture-controlled pyrite in oxidized and
silicified BQFG. Trench JPRFRE20T012 cut a zone grading 0.57 g/t Au
over 3.0m which is associated with oxidized pyrite in brecciated
and quartz-veined graphitic quartzite. Both trenches JPRFRE20T009
and JPRFRE20T012 ended in mineralization, with the zones remaining
open.
A single trench, JPRSAB20T030 was excavated at
the Sabotage target which returned 2 separate zones of anomalous
gold mineralization, returning 0.99 g/t Au over 1.0m and 0.22 g/t
Au over 2.0m. The mineralization is hosted in a chloritized BQFG
with quartz-carbonate veins and disseminated pyrite.
Rotary Air Blast (RAB)
Drilling
Thirteen RAB holes totalling 614.8m were drilled
on 5 separate targets including Stage Fright, North Frenzy,
Sabotage, North Sabotage and Vertigo. Hole locations are shown in
Figure 4 and significant results are summarized below.
Four holes were drilled at Stage Fright with all
holes encountering gold zones ranging from 0.20 – 1.27 g/t Au over
widths of 1.52-9.14m. Hole JPRSF20RAB-006 intersected 0.48 g/t Au
over 9.14m from 7.62m depth and JPRSF20RAB-007 returned 0.75 g/t Au
over 6.10m from surface, including 1.27 g/t Au over 3.05m.
Mineralization in holes JPRSF20RAB-006 and -007 is hosted in
variably oxidized BQFG. Hole JPRSF20RAB-008 intersected 0.85 g/t Au
over 1.52m from 6.10m depth and JPRSF20RAB-009 returned 0.55 g/t Au
over 6.10m from 16.76m depth. Mineralization in both holes is
hosted in heavily oxidized and chloritized quartz-feldspar-biotite
gneiss (QFBG).
Four holes were drilled at North Frenzy with all
holes intersecting gold zones grading from 0.28-1.71 g/t Au and
ranging in thickness from 1.52-9.14m. Hole JPRNFR20RAB-004
intersected 0.57 g/t Au over 4.57m from 7.62m depth and 0.49 g/t Au
over 9.14m from 21.34m depth. Mineralization in hole
JPRNFR20RAB-004 is hosted in moderately oxidized BQFG with quartz
veins and pyrite. Hole JPRNFR20RAB-005 intersected 1.03 g/t Au over
1.53m from 1.52m depth, JPRNFR20RAB-006 returned 0.59 g/t Au over
6.10m from 7.62m depth, and JPRNFR20RAB-007 intersected 0.73 g/t Au
over 6.10m from 15.24m depth including 1.31 g/t Au over 3.05m.
Mineralization in hole JPRNFR20RAB-005 is hosted in weakly oxidized
plagioclase-biotite gneiss with quartz veins, and in holes
JPRNFR20RAB-006 and -007 is associated with arsenopyrite in heavily
oxidized quartz-mica schist and heavily oxidized BQFG
respectively.
Three holes drilled at Sabotage encountered gold
mineralization in potassically altered felsic gneiss ± quartz veins
and disseminated pyrite, with gold grades ranging from 0.55-3.10
g/t Au over widths of 1.52-3.05m. The best mineralization was
intersected in hole JPRSAB20RAB-016 which returned 3.10 g/t Au over
1.52 from 10.67m depth.
Hole JPRNSAB20RAB-001 drilled at North Sabotage
intersected a gold zone returning 0.20 g/t Au over 3.05m from
44.20m depth, and hole JPRVER20RAB-026 at the Vertigo target
intersected a zone grading 1.82 g/t Au over 3.05m from 1.52m depth
which is hosted in a quartz veined BQFG containing disseminated
pyrite.
Notorious Target
As previously announced in the Company’s news
release dated October 22, 2020, Notorious is a newly discovered
target located approximately 1.5km west of the North Frenzy, and
500m east of the intersection of two interpreted, property-scale
sinistral faults, the west-northwest (285°) striking Frenzy Fault
and the northeast (065°) striking Fright Fault (Figure 5). Results
of initial GT Probe sampling in this area are very encouraging with
multiple samples returning gold values in the range of 0.17 g/t Au
to 24.4 g/t Au and trace up to 45.7 g/t Ag. The highest grade probe
sample site at 24.4 g/t Au and 45.7 g/t Ag was investigated by
digging a 1.5m deep hand pit and a series of rock samples
encountered at all depths were collected. The two deepest samples
at 1.4m and 1.5m depths returned the highest gold and silver values
of 18.2 g/t Au and 33.6 g/t Ag and 4.376 g/t Au and 9.8 g/t Ag
respectively, and the samples are also anomalous in copper and
other elements including As, Bi, Te, W, Mo, and Pb. This site is
located at the end of a GT Probe line and remains open in that
direction. Additional work planned for the upcoming field season
includes extending the GT Probe sampling, trenching and RAB
drilling.
Titan Project
The Titan project is located on the Hen property
approximately 70km south of Dawson City, contiguous to the JPR
property and 25km northeast of the Company’s flagship Golden Saddle
and Arc deposits. The property is situated within a prolific placer
mining camp where abundant coarse placer gold has been recovered
from creek gravels on North Henderson Creek immediately east of the
Titan.
The Titan project area is situated on a circular
magnetic low feature with a diameter of approximately 600m, which
encompasses 6 discrete magnetic high anomalies measuring from 100m
to 325m long. Although there is no outcrop in the immediate area,
the soil geochemistry signature is indicative of an underlying
porphyry system with anomalous Cu-Mo-V-Bi-Au and Fe/Ti ratio in the
core and a Zn-Mn-Ca halo.
In 2019, soil sampling in the southwestern part
of the target area over a magnetic high returned a high of 113 g/t
Au, which is the highest value ever recorded in the Company’s
400,000+ soil sample database. Rock grab samples from shallow pits
in the same area comprising sheared mafic to ultramafic rocks and
massive magnetite contained fine-grained visible gold and returned
assays of 113 g/t Au, 497 g/t Au, and 605 g/t Au. Ground
geophysical surveys show that the mineralization is associated with
a resistivity low, chargeability high, and magnetic high. In late
2019, the Company drilled 3 RAB holes totalling 221m to test the
surface mineralization. Hole HENTTN19RAB-002 intersected a
high-grade mineralized zone which returned 136.36 g/t Au over
3.05m. Additional information on the initial 2019 Titan discovery
can be found in the Company’s news release dated November 26,
2019.
2020 Drilling Program
The 2020 drilling program comprised 9 RAB holes
totalling 832.1m, 1 RC hole for 115.8m, and 9 diamond drill holes
totalling 1,924.5m (Figure 6). Significant results are summarized
separately below for each type of drilling.
Reverse Circulation (RC)
Drilling
A single RC hole, HENTTN20RC-001 was drilled 8m
from hole HENTTN19RAB-002 to better quantify the grade and
thickness of the high-grade gold zone. The hole intersected a
high-grade zone from 12.19-13.72m which returned 105.0 g/t Au over
1.53m. This high-grade zone occurs near the base of a magnetite
zone in chlorite schist from 1.52-13.72m which contains minor
pyrite and anomalous copper (281–2270 ppm Cu) and gold (0.075-0.363
g/t Au).
Rotary Air Blast (RAB)
Drilling
Four RAB holes were drilled to test magnetic
highs similar to the one associated with the high-grade gold
encountered in hole HENTTN19RAB-002. This included holes
HENTTN20RAB-004, -007, -008 and -009. Holes HENTTN20RAB-008 and
-009 each intersected 3m thick magnetite zones at shallow depths
(< 25m) at the base of a mafic plagioclase biotite gneiss unit.
Anomalous copper (533-1143 ppm Cu) occurs over widths of 3-10m
either associated with or directly below the magnetite zones.
Four holes were drilled to test a
northeast-striking gold and copper geochemical trend (soil ± GT
Probe samples) along the southern margin and east of the circular
magnetic low. This included holes HENTTN20RAB-005, -006, -010 and
-011. Hole HENTTN20RAB-005 intersected a zone of anomalous copper
(493-1307 ppm Cu) from surface to 19.8m, and hole HENTTN20RAB-006
encountered multiple anomalous copper values (542-1437 ppm Cu) in
zones ranging from 1.5m to 3m thick from surface to 61m. Holes
HENTTN20RAB-010 and -011 intersected several faults and oxidized
zones, with both holes being terminated short of their target
depths due to challenging ground conditions.
A scissor hole, HENTTN20RAB-012 was drilled to
the east to undercut the high-grade gold zone in hole
HENTTN19RAB-002, however this hole appears to have been drilled
downdip and did not encounter the targeted mineralization.
Significant gold values were not encountered in these RAB
holes.
Diamond Drilling
The diamond drilling program focused on testing
the northern strike and down-dip extent of the high-grade gold zone
encountered in hole HENTTN19RAB-002, as well as the potential for
buried porphyry alteration and mineralization along the western
margin of the circular magnetic low feature.
Holes HENTTN20D-001, -002 and -003 were drilled
in the immediate area of the high-grade intersection in hole
HENTTN19RAB-002. Holes HENTTN20D-001 and -002 were collared
approximately 25m east and 25m north of HENTTN19RAB-002
respectively, and HENTTN20D-003 was drilled with 5 to 8m of holes
HENTTN19RAB-002 and HENTTN20RC-001. Hole HENTTN20D-001 intersected
a magnetite zone with anomalous copper (484-2290 ppm Cu) from
22.50-27.07m. HENTTN20D-002 intersected a mineralized zone grading
2.52 g/t Au over 1.64m, but no discrete magnetite zone, and
HENTTN20D-003 intersected a zone of high-grade gold from
14.00-15.50m which returned 37.40 g/t Au over 1.5m. This high-grade
zone occurs at the base of a magnetite zone from 2.50-15.50m which
contains minor pyrite and anomalous copper (455–2100 ppm Cu). The
broader mineralized zone from 2.50-17.26m graded 4.14 g/t Au over
14.76m, which includes a higher grade subinterval of 9.48 g/t Au
over 6.26m from 11.00-17.26m. The composite grades of these broader
mineralized zones are heavily weighted on the single high-grade
(37.40 g/t Au) sample, with gold values elsewhere in the zone
ranging from 0.161-1.03 g/t Au. A comparison of results for diamond
drill hole HENTTN20D-003, RC hole HENTTN20RC-001 and RAB hole
HENTTN19RAB-002 is discussed separately below.
Hole HENTTN20D-004 was drilled 190m north of the
high-grade gold zone to test for a strike extension along a similar
magnetic high. The hole intersected a sheared magnetite-rich zone
from 17.31-29.56m containing 5-15% pyrite and locally minor
chalcopyrite and specks of azurite. Copper values within this zone
range from 1620-7480 ppm Cu, averaging 3592 ppm Cu over 12.25m.
Gold values are anomalous averaging 0.16 g/t Au over 6.05m from
20.50-26.55m.
Holes HENTTN20D-005, -006 and -008 were drilled
to test the structure and potential for buried porphyry alteration
and mineralization at the western margin of the circular magnetic
low feature. The holes intersected multiple felsic dykes up to 10m
wide locally with well-developed quartz veinlets with potassium
feldspar haloes and trace pyrite and galena. No significantly large
porphyry intrusion was encountered but may exist at depth elsewhere
within the target area.
Hole HENTTN20D-007 was collared approximately
175m WNW of the high-grade gold zone and drilled at an azimuth of
110° to test several modeled structures / fault zones and hole
HENTTN20D-009 was drilled adjacent to RAB holes HENTTN20RAB-010 and
-011 to fully test the oxidized faults zones and anomalous gold and
copper soil and GT probe geochemistry. Neither hole returned any
significant gold values.
Comparison of Results for Holes
HENTTN19RAB-002, HENTTN20RC-001 and HENTTN20D-003
Holes HENTTN20RC-001 and HENTTN20D-003 were drilled adjacent to
hole of HENTTN19RAB-002 to better quantify the grade and thickness
of the high-grade gold zone and to compare results for all three
drilling methods. All 3 holes show a very good correlation in terms
of the extents of the magnetite zone and associated anomalous
elements which include gold, copper, zinc, tellurium and others.
However, the RC and diamond drilling confirmed that the high-grade
gold mineralization is restricted to a narrow (1.5m) interval at
the base of the magnetite zone, and gold values in the remainder of
the overlying zone are low-grade (0.15-0.58 g/t Au).RAB hole
HENTTN19RAB-002 showed a broad zone of low-grade to anomalous gold
extending well below the high-grade zone, but it is now apparent
that this downhole “tail” is a result of open hole contamination
related to the RAB drilling. The friable nature of the surficial
magnetite at Titan is believed to be a strong contributing factor,
and contamination has not been observed in RAB drilling elsewhere
on other targets.
QA/QCAnalytical work for the
2020 trenching and RAB drilling programs was performed by Bureau
Veritas Canada Ltd., an internationally recognized analytical
services provider, at its Vancouver, British Columbia laboratory.
Sample preparation was completed in two stages: crushing to a
reject was carried out at its Whitehorse, Yukon facility, after
which a 250 gram split was sent to the Vancouver, BC facility for
pulverization. All trench and RAB samples were prepared using
procedure PRP70-250 (crush 70% less than 2mm, riffle split off
250g, pulverize split to better than 85% passing 75 microns) and
analyzed by method FA430 (30g fire assay with AAS finish) and
AQ-201 (15g, aqua regia digestion and ICP-ES/MS analysis). Samples
containing >10 g/t Au were reanalyzed using method FA530 (30g
Fire Assay with gravimetric finish).
Analytical work for 2020 diamond drilling and RC
drilling was performed by ALS Canada Ltd., an internationally
recognized analytical services provider, at its North Vancouver,
British Columbia laboratory. Sample preparation was carried out at
its Whitehorse, Yukon facility. All diamond drill core and RC
samples were prepared using procedure PREP-31H (crush 70% less than
2mm, riffle split off 500g, pulverize split to better than 85%
passing 75 microns) and analyzed by method Au-AA23 (30g fire assay
with AAS finish) and ME-ICP41 (0.5g, aqua regia digestion and
ICP-AES analysis). Samples containing >10 g/t Au were reanalyzed
using method Au-GRAV21 (30g Fire Assay with gravimetric
finish).
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 duplicates into the sample stream.
About RAB Drilling
The Company successfully utilizes rotary air
blast (RAB) drilling as an efficient and cost effective first-pass
exploration drilling technique on its White Gold District projects,
Yukon. The RAB drill rig is an ultra-portable, wireless
remote-controlled rubber tracked drill that uses compressed air to
actuate a downhole hammer and can drill holes at a wide range of
angles (50-90°) and to a length of approximately 100 meters. Rock
cuttings are returned to surface under pressure between the drill
pipe and wall of the open hole, so samples may under certain
circumstances incur cross contamination. Once completed each RAB
hole is surveyed with a borehole optical televiewer which provides
high-resolution digital imagery of the hole walls and key
structural orientation data on lithological contacts, fractures,
foliations, veins, etc. The Company views RAB drill results as an
indication of the presence and general grade of gold at a given
target, and encouraging results are followed up with either reverse
circulation (RC) or diamond drilling in order to quantify grades
and thicknesses of mineralized zones.
About White Gold Corp.The
Company owns a portfolio of 21,207 quartz claims across 32
properties covering over 420,000 hectares representing over 40% of
the Yukon’s prolific White Gold District. The Company’s flagship
White Gold property hosts the Company’s Golden Saddle and Arc
deposits which have a mineral resource of 1,139,900 ounces
Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t
Au(1). Mineralization on the Golden Saddle and Arc is also known to
extend beyond the limits of the current resource estimate. The
Company’s recently acquired VG Deposit also hosts a historic
Inferred gold resource of 230,000 ounces at 1.65 g/t Au(2).
Regional exploration work has also produced several other new
discoveries and prospective targets on the Company’s claim packages
which border sizable gold discoveries including the Coffee project
owned by Newmont Corporation with Measured and Indicated Resources
of 2.17 Moz at 1.46 g/t Au, and Inferred Resources of 0.50 Moz at
1.32 g/t Au(3), and Western Copper and Gold Corporation’s Casino
project which has Measured and Indicated Resources of 14.5 Moz Au
and 7.6 Blb Cu and Inferred Resources of 6.6 Moz Au and 3.3 Blb
Cu(3). For more information visit www.whitegoldcorp.ca.
(1) See White Gold Corp. technical report titled
“Technical Report for the White Gold Project, Dawson Range, Yukon
Canada”, dated July 10, 2020, available on SEDAR. (2) See Comstock
Metals Ltd. technical report titled “NI 43-101 TECHNICAL REPORT on
the QV PROJECT”, dated August 19, 2014, available on SEDAR. (3)
Noted mineralization is as disclosed by the owner of each property
respectively and is not necessarily indicative of the
mineralization hosted on the Company’s property.
Qualified Person Terry Brace,
P.Geo. and Vice President of Exploration for the Company is a
“qualified person” as defined under National Instrument 43-101 –
Standards of Disclosure of Mineral Projects and has reviewed and
approved the content of this news release.
Cautionary Note Regarding Forward
Looking InformationThis news release contains
"forward-looking information" and "forward-looking statements"
(collectively, "forward-looking statements") within the meaning of
the applicable Canadian securities legislation. All statements,
other than statements of historical fact, are forward-looking
statements and are based on expectations, estimates and projections
as at the date of this news release. Any statement that involves
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions, future events or
performance (often but not always using phrases such as "expects",
or "does not expect", "is expected", "anticipates" or "does not
anticipate", "plans", “proposed”, "budget", "scheduled",
"forecasts", "estimates", "believes" or "intends" or variations of
such words and phrases or stating that certain actions, events or
results "may" or "could", "would", "might" or "will" be taken to
occur or be achieved) are not statements of historical fact and may
be forward-looking statements. In this news release,
forward-looking statements relate, among other things, the
Company’s objectives, goals and exploration activities conducted
and proposed to be conducted at the Company’s properties; future
growth potential of the Company, including whether any proposed
exploration programs at any of the Company’s properties will be
successful; exploration results; and future exploration plans and
costs and financing availability.
These forward-looking statements are based on
reasonable assumptions and estimates of management of the Company
at the time such statements were made. Actual future results may
differ materially as forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to
materially differ from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors, among other things, include:the expected
benefits to the Company relating to the exploration conducted and
proposed to be conducted at the White Gold properties; the receipt
of all applicable regulatory approvals for the Offering; failure to
identify any additional mineral resources or significant
mineralization; the preliminary nature of metallurgical test
results; uncertainties relating to the availability and costs of
financing needed in the future, including to fund any exploration
programs on the Company’s properties; business integration risks;
fluctuations in general macroeconomic conditions; fluctuations in
securities markets; fluctuations in spot and forward prices of
gold, silver, base metals or certain other commodities;
fluctuations in currency markets (such as the Canadian dollar to
United States dollar exchange rate); change in national and local
government, legislation, taxation, controls, regulations and
political or economic developments; risks and hazards associated
with the business of mineral exploration, development and mining
(including environmental hazards, industrial accidents, unusual or
unexpected formations pressures, cave-ins and flooding); inability
to obtain adequate insurance to cover risks and hazards; the
presence of laws and regulations that may impose restrictions on
mining and mineral exploration; employee relations; relationships
with and claims by local communities and indigenous populations;
availability of increasing costs associated with mining inputs and
labour; the speculative nature of mineral exploration and
development (including the risks of obtaining necessary licenses,
permits and approvals from government authorities); the
unlikelihood that properties that are explored are ultimately
developed into producing mines; geological factors; actual results
of current and future exploration; changes in project parameters as
plans continue to be evaluated; soil sampling results being
preliminary in nature and are not conclusive evidence of the
likelihood of a mineral deposit; title to properties; ongoing
uncertainties relating to the COVID-19 pandemic; and those factors
described under the heading "Risks Factors" in the Company's annual
information form dated July 29, 2020 available on SEDAR. Although
the forward-looking statements contained in this news release are
based upon what management of the Company believes, or believed at
the time, to be reasonable assumptions, the Company cannot assure
shareholders that actual results will be consistent with such
forward-looking statements, as there may be other factors that
cause results not to be as anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on
forward-looking statements and information. There can be no
assurance that forward-looking information, or the material factors
or assumptions used to develop such forward-looking information,
will prove to be accurate. The Company does not undertake to
release publicly any revisions for updating any voluntary
forward-looking statements, except as required by applicable
securities law.
Neither the TSXV nor its Regulation
Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this
news release.
Contact Information:David
D’OnofrioChief Executive OfficerWhite Gold Corp.(647) 930-1880
ir@whitegoldcorp.ca
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