White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF,
FRA: 29W) (the "Company") is pleased to announce diamond
drill results on the Vertigo target, located 25km north west of the
Company’s flagship Golden Saddle & Arc deposit, on the road
accessible JP Ross property, in the prolific White Gold District,
Yukon, Canada. The Vertigo is one of the Company’s recent
high-grade, near surface, gold discoveries generated through its
methodological data driven exploration strategy. Drilling to date
has encountered significant high-grade gold structures within a
broad mineralized zone which remains open in all directions. The
Vertigo is comprised of a 1.5km mineralized trend forming part of a
250km2 mineralized system with numerous newly identified targets.
White Gold Corp’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, 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.
Highlights Include:
- Successfully confirmed continuity of high-grade, near
surface, gold mineralization at the Vertigo target consisting of
multiple high-grade mineralized structures open along strike and at
depth hosted within a broad shallow dipping mineralized
zone.
- All Vertigo diamond drill holes completed intersected
gold mineralization, and a minimum of 6 high-grade mineralized
structures have been identified.
- Drill hole JPRVER19D0049 intersected 3.92 g/t Au over
1.68 metres of from 19.9m depth and 4.31 g/t Au over 11.60m from
31.00m depth.
- Drill hole JPRVER19D0050 returned 2.6 g/t Au over 3.1m
from 13.1m depth, 15.85 g/t Au over 0.5m from 25.5m depth and 0.86
g/t Au over 53.6m from 48.00m depth.
- Previously released Phase 1 diamond drill highlights
included hole JPRVER19D0005 returning 9.61 g/t Au over 4.15m from
20m depth, including 94.2 g/t Au over 0.32m from 21m depth, and
hole JPRVER19D0015 returning 0.42m of 141 g/t Au within a broader
envelope of mineralization that averaged 11.64 g/t Au over 5.34m
from 3m depth, and 18.46 g/t Au over 2.48m
from 92m depth(1).
- 10 additional gold targets identified to date across
the JP Ross property, including Sabotage, Topaz, Stage Fright,
Frenzy and multiple others.
- Results continue to validate a 250km2 area with
multiple known zones of mineralization hosted by regional scale
structures in a prolific placer mining camp, including the 15km
Vertigo trend.
- Additional regional drill results from the JP Ross and
White Gold property targets to be released in due
course.
Images
to accompany this news release can be found
at http://whitegoldcorp.ca/investors/exploration-highlights/.
"We are very pleased with the abundance of gold
mineralization encountered at the Vertigo to date, highlighted by
the presence of multiple high-grade structures which continue to
remain open in all directions. These results validate the Vertigo
target to be a structurally controlled mineralized zone forming
part of a regional-scale system, including the recently discovered
Sabotage, Topaz, North Frenzy and multiple other gold targets
across our JP Ross property. To date at least 10 gold targets have
been identified over a 250km2 area on the JP Ross property, with
Vertigo being the first to have received follow up diamond
drilling,” stated David D’Onofrio, Chief Executive Officer. “These
results have provided valuable insight into the nature and geometry
of the mineralization and a better understanding of the local
geology. Furthermore, these results in combination with previously
completed regional exploration have also provided increased
confidence in our methodologies as well as the potential for
additional discoveries as our exploration team continues to explore
the other targets on the JP Ross and on our other properties in the
district. We look forward to the results from the exploration
performed to date on these other targets and following up on the
success of this diamond drilling program.”
Vertigo Target – Current
InterpretationMineralization at the Vertigo is hosted
within a network of WNW trending, moderate to steeply south
dipping, shallow structures that are subparallel to topography.
Individual structures are typically up to 3m and host high-grade
mineralization associated with quartz veining, brecciation, and
strong sericite-quartz alteration with local fine-grained visible
gold, disseminated to locally massive arsenopyrite, galena,
chalcopyrite and pyrite. The high-grade intervals pinch and swell
both laterally and vertically with the strongest mineralization
occurring where the structures cross lithologic contacts;
particularly fine-grained amphibolite and felsic gneiss. The
high-grade mineralization occurs within broader envelopes of lower
grade mineralization (<0.1 g/t Au) that define a SE plunge to
the overall system. The system also appears to have been cut by at
least 3, late, NE oriented structures which have locally truncated
and offset the mineralization. To date the drilling has defined the
system approximately 300m along strike, 200m in width, and 275m
down-dip. The system is open along strike and down plunge to the SE
with strong potential for expansion.
Vertigo – 2019 Diamond
DrillingA total of 9,568m of diamond drilling over 46
holes was completed on the Vertigo in 2019. The drilling was
conducted over 2 Phases, as discussed below, with a focus on
defining the geologic and structural controls on mineralization in
the area and follow up drilling on significant mineralized zones as
warranted.
Phase 1 of diamond drilling at
Vertigo was completed on 3 drill fences (Sections VER-000, 100W,
& 200W) that transect across the core of the Vertigo target
area at an azimuth 020°, establishing the geometry and vertical and
lateral continuity of geology and mineralized structures originally
intersected in 2018 RAB/RC drilling. The fences consisted of 4 – 6
drill set-ups per fence, spaced approximately 110m apart, with two
holes drilled per set-up at angles of -45° and -60°. Partial
results from Phase 1 drilling were previously released, and
included hole JPRVER19D0005 returning 9.61 g/t Au over 4.15m from
20m depth, including 94.2 g/t Au over 0.32m from 21m depth; and
hole JPRVER19D0015 returning 0.42m of 141 g/t Au within a broader
envelope of mineralization that averaged 11.64 g/t Au over 5.34m
from 3m depth and 18.46 g/t Au over 2.48m from 92m depth.1
Phase 2 of diamond drilling at
Vertigo was to follow up on drill holes completed on the fences
mentioned above, in an effort to refine geology and continuity;
along the west-northwest structural trend. The holes are
discussed below in numeric order, with their positions referenced
to Holes xD0005 and xD0006 which were drilled beneath the original
Vertigo discovery trench (Trench2) from pad VER19-A/B. All holes
were drilled at an azimuth of 020° degrees with the exception of
hole xD0050, which was drilled at an azimuth of 200°. Assay values
for individual samples for the reported intercepts ranged from
trace to 32.5 g/t Au. There is not enough information to estimate
true thickness of the intercepts at this time.
Vertigo - Phase 1 Diamond Drilling
HighlightsThe below table consists of new diamond drilling
results from the Phase 1 fence drilling completed in 2019.
HOLE ID |
FROM |
TO |
Length |
Au g/t |
JPRVER19D0016 |
4.00 |
5.00 |
1.00 |
1.75 |
JPRVER19D0016 |
8.60 |
9.60 |
1.00 |
32.50 |
JPRVER19D0016 |
29.80 |
31.00 |
1.20 |
1.40 |
JPRVER19D0019 |
15.20 |
15.80 |
0.60 |
32.20 |
JPRVER19D0019 |
20.16 |
21.35 |
1.19 |
1.11 |
JPRVER19D0019 |
49.40 |
50.30 |
0.90 |
1.05 |
JPRVER19D0019 |
70.85 |
71.35 |
0.50 |
4.15 |
JPRVER19D0019 |
150.40 |
152.00 |
1.40 |
1.33 |
JPRVER19D0019 |
237.20 |
237.97 |
0.77 |
1.06 |
JPRVER19D0020 |
127.45 |
128.3 |
0.85 |
1.10 |
JPRVER19D0021 |
20.25 |
21.5 |
1.20 |
13.00 |
JPRVER19D0021 |
55.3 |
57.1 |
1.80 |
3.60 |
JPRVER19D0021 |
153.35 |
154.85 |
1.50 |
2.82 |
JPRVER19D0022 |
30.50 |
33.25 |
2.75 |
1.21 |
inc. |
30.50 |
31.20 |
0.70 |
3.88 |
JPRVER19D0023 |
22.40 |
23.50 |
1.10 |
2.46 |
JPRVER19D0023 |
32.70 |
36.75 |
4.05 |
2.17 |
JPRVER19D0024 |
49.90 |
50.80 |
0.90 |
1.65 |
JPRVER19D0025 |
27.30 |
30.85 |
3.55 |
3.97 |
inc. |
29.30 |
29.85 |
0.55 |
18.30 |
JPRVER19D0025 |
41.65 |
42.20 |
0.55 |
3.49 |
JPRVER19D0025 |
49.00 |
53.30 |
4.30 |
1.50 |
JPRVER19D0026 |
57.62 |
58.37 |
0.75 |
3.58 |
JPRVER19D0027 |
136.00 |
137.22 |
1.22 |
1.29 |
JPRVER19D0028 |
85.45 |
86.20 |
0.75 |
6.04 |
JPRVER19D0028 |
119.45 |
120.30 |
0.85 |
2.80 |
JPRVER19D0030 |
106.32 |
107.00 |
0.68 |
1.99 |
JPRVER19D0030 |
112.93 |
114.00 |
1.07 |
2.27 |
JPRVER19D0032 |
172.94 |
174.00 |
1.06 |
1.36 |
JPRVER19D0032 |
194.04 |
195.00 |
0.96 |
5.51 |
JPRVER19D0033 |
10.25 |
13.00 |
2.75 |
0.71 |
JPRVER19D0036 |
24.64 |
25.30 |
0.66 |
4.18 |
Vertigo - Phase 2 Diamond Drilling
HighlightsThe below table consists of diamond drilling
results from the Phase 2 targeted drilling completed in 2019.
HOLE ID |
FROM |
TO |
Length |
Au g/t |
JPRVER19D0039 |
30.50 |
33.00 |
2.50 |
0.77 |
JPRVER19D0040 |
45.33 |
48.97 |
3.64 |
4.74 |
inc. |
47.40 |
48.97 |
1.57 |
7.26 |
JPRVER19D0040 |
55.75 |
56.60 |
0.85 |
1.92 |
JPRVER19D0041 |
34.25 |
40.35 |
6.10 |
2.10 |
JPRVER19D0042 |
9.00 |
12.80 |
3.80 |
3.41 |
JPRVER19D0043 |
22.75 |
38.55 |
15.80 |
1.51 |
inc. |
30.20 |
37.60 |
7.40 |
2.09 |
JPRVER19D0044 |
54.00 |
55.00 |
1.00 |
5.77 |
JPRVER19D0044 |
62.20 |
63.35 |
1.15 |
2.85 |
JPRVER19D0045 |
31.60 |
33.30 |
1.70 |
1.16 |
JPRVER19D0045 |
48.00 |
51.00 |
3.00 |
0.96 |
JPRVER19D0046 |
39.15 |
40.50 |
1.35 |
0.91 |
JPRVER19D0047 |
8.35 |
8.90 |
0.55 |
2.79 |
JPRVER19D0047 |
18.00 |
19.00 |
1.00 |
1.26 |
JPRVER19D0047 |
67.50 |
68.20 |
0.70 |
12.50 |
JPRVER19D0047 |
83.08 |
84.00 |
0.92 |
3.09 |
JPRVER19D0048 |
13.00 |
14.20 |
1.20 |
5.35 |
JPRVER19D0048 |
20.50 |
23.80 |
3.30 |
4.12 |
JPRVER19D0048 |
143.70 |
151.60 |
7.90 |
1.03 |
inc. |
149.00 |
151.60 |
2.60 |
2.49 |
JPRVER19D0049 |
19.90 |
21.58 |
1.68 |
3.92 |
JPRVER19D0049 |
31.00 |
42.60 |
11.60 |
4.31 |
inc. |
37.50 |
40.00 |
2.50 |
9.98 |
JPRVER19D0050 |
13.10 |
16.20 |
3.10 |
2.60 |
JPRVER19D0050 |
25.50 |
26.00 |
0.50 |
15.85 |
JPRVER19D0050 |
48.00 |
101.60 |
53.60 |
0.86 |
inc. |
51.30 |
52.80 |
1.50 |
1.98 |
and |
55.90 |
57.90 |
2.00 |
1.05 |
and |
63.00 |
65.38 |
2.38 |
6.92 |
inc. |
64.50 |
65.38 |
0.88 |
16.50 |
and |
80.70 |
84.50 |
3.80 |
0.79 |
and |
94.75 |
101.60 |
6.85 |
1.59 |
Diamond Drilling Highlights
Fence section VER-000W
- Consists of holes JPRVR19D0005, 6, 7, 8, 9 11, 12, 14, 32, 34
& 35
- Results for JPRVER19D0005, 6, 7, 8, 9, 11, 12, 14 were
previously released(1).
JPRVR19D0032, 34 & 35Holes
x032, 34, and 35 were drilled from the same pad and are located at
the north end of the section, 95m to the north of holes x009 and
x011. Hole x032 was drilled at a -45° dip and
intercepted two intervals of mineralization including 1.06m of 1.36
g/t Au from 172.94m and 0.96m of 5.51 g/t Au from 194.04m.
Hole x034 was drilled at a -60° dip but failed
at 30m, so a second hole, x035 was drilled at -60°, which
intersected several narrow anomalous zones with Au values of up to
0.218 g/t Au.
Fence section VER-100W
- Consists of holes JPRVR19D00010, 13, 15, 16, 22, 24, 36 &
38
- Results for JPRVR19D00010, 13, 15 were previously
released(1).
JPRVR19D0016Hole x016 was drilled at a -60° dip
from the same pad as, and undercutting, x015. It intersected 1.0m
of 1.75 g/t Au from 4.0m and the same shallow, high grade zone as
intersected in x015 (0.42m of 141.0 g/t Au), returning 1.0m
of 32.50 g/t Au from 8.60m. Lower in the hole it also intersected 3
gold bearing zones with anomalous gold values..
JPRVR19D0022 & 24Holes x022 and x024 were
drilled from the same pad 105 metres to the south of x015/x016.
Hole x022 was drilled at -45° and intersected 2.75m of 1.21 g/t Au
from 30.50m. Hole x024 was drilled at -60° and intersected
0.90m of 1.65 g/t Au from 49.90m. These two intersections may
represent a steeply northerly dipping mineralized
zone.
JPRVR19D0036 & 38
Holes x036 and x038 were drilled from the same
pad 205 metres to the north of x015/x016 and are the two
northernmost holes on this section. Hole x036 intersected
0.66m of 4.18 g/t Au from 24.64m and encountered 2 other narrow
gold bearing zones with values of up to 0.267 g/t Au, all at depth
of 70m or less. Hole x038 was a -60° undercut hole which
intersected 3 gold bearing zones with anomalous gold values up to
0.368 g/t Au.
Fence Section VER-200W
- Consists of holes JPRVR19D0017, 18, 19, 20, 21, 23, 25, 26, 27,
28, 29, 30, 31 & 33.
- Section is 105 m to the west of section VER-100
JPRVR19D0017, 18 & 20All three of these
holes were drilled from the same pad, 110m northwest of holes
JPRVER19D022 and 024, which are on section VER-100W. Hole
x017 failed at 19m and was re-drilled as x018 at a -60° dip and
hole x020 was drilled at a dip of -45°. Hole x020 intersected 0.85m
of 1.10 g/t Au from 127.45m. Both holes also intersected 3 narrow
gold bearing zones each, with values of up to 0.577 g/t Au.
JPRVR19D0027 & 29
Holes x027 and x029 were drilled from the same
pad 106 m to the south of JPRVER19D017, 018 and 020. X027 was
drilled at a -45° dip and x029 at a -60° dip. Hole x027 intersected
1.22m of 1.29 g/t Au from 136.005m. 3 narrow gold bearing zones
with values of up to 0.693 g/t Au were also intersected between the
two holes.
JPRVR19D0019 & 21Holes x019and x021 were
drilled from the same pad 94m to the north of JPRVER19D017, 018 and
020. Hole x019 was drilled at a -45° dip and intersected high-grade
mineralization consisting of 0.60m of 32.20 g/t Au from 15.20m. The
hole also intersected several other gold bearing zones the most
significant of which were 0.90m of 1.05 g/t Au from 49.4m, 0.50m of
4.15 g/t Au from 70.85m and 1.60m of 1.33 g/t Au from 150.4m. These
gold bearing zones are broader (4.0m – 6.0m) when low grade
material (0.10 – 0.50 g/t) is considered.
Hole x021 was drilled at a -60° dip and also
intersected several zones including, 1.20m of 13.0 g/t Au from
20.25m, 1.80m of 3.60 g/t Au from 55.3m and 1.50m of 2.82 g/t Au
from 153.35m. The upper high-grade zone correlates well with
the high-grade intersection at the top of x019.
JPRVR19D0023 & 25Holes x023and x025 were
drilled from the same pad 196m to the north of JPRVER19D017, 018
and 020. Hole x023 was drilled at a -45° dip and intersected 3 gold
bearing zones the most significant consisting of 1.10m of 2.46 g/t
Au from 22.40m and 4.05m of 2.17 g/t Au from 32.70m.
Hole x025 was drilled at a -60° dip and intersected 4 gold
bearing zones the most significant being 3.55m of 3.97 g/t Au from
27.93 including 0.55m of 18.30 g/t Au from 29.30m, 0.55m of 3.49
g/t Au from 41.65m and 4.30m of 1.50 g/t Au from
49.00m.
JPRVR19D0031 & 33Holes x031and x033 were
drilled from the same pad 296m to the north of JPRVER19D017, 018
and 020. Hole x031 was drilled at a -45° dip and intersected 4 gold
bearing zones however none of the values were significant.
Hole x033 was drilled at -60° and intersected 3
gold bearing zones the most significant of which was 2.75m of 0.71
g/t Au from 10.25m.
JPRVR19D0026, 28 & 30
These holes were all drilled from the same pad,
the northernmost on section VER-200, 396m to the north of
JPRVER19D017, 018 and 020. Hole x026 was drilled at a -45° dip and
intersected several gold bearing zones the most including 0.75m of
3.58 g/t Au from 57.62m.
Hole x026 was drilled at -60° and intersected 4
gold bearing zones the most significant of which were 0.75m of 6.04
g/t Au from 85.45m and 0.85m of 2.80 g/t Au from 119.45m.
Hole x030 was drilled at -70° and intersected 4
gold bearing zones the most significant of which were 0.68m of 1.99
g/t Au from 106.32m and 1.07m of 2.27 g/t Au from
112.93.
JPRVER19D0039 & 40Holes
xD0039 and xD0040 were drilled from the same pad 47 metres
southeast of pad VER19-A/B. Hole xD0039 was drilled at -50° and
intersected 1 gold bearing zone of 2.50m of 0.77 g/t Au from
30.50m. Hole x0040 was drilled at -85° and intersected two gold
bearing zones the most significant consisting of 3.64m of 4.74 g/t
Au from 45.33m, including 1.57 metres of 7.26 g/t Au from
47.40m.
JPRVER19D0041 & 42Holes
xD0041 and XD0042 were drilled from the same pad 46 metres
northwest of pad VER19-A/B. Hole xD0041 was drilled at -50° and
intersected one gold bearing zone consisting of 6.10m of 2.10 g/t
Au from 34.25m. Hole xD0042 was drilled more steeply at -80° and
also intersected one gold bearing zone consisting of 3.80m of 3.41
g/t Au from 9.00m.
JPRVER19D0043 & 44Holes
xD0043 and XD0044 were drilled from the same pad 78 metres
southeast of pad VER19-A/B. Hole xD0043 was drilled at -50° and
intersected one broad gold bearing zone consisting of 15.80m of
1.51 g/t Au from 22.75m. Hole xD0044 was drilled at -85° and
intersected two gold bearing zones the most significant consisting
of 1.00 metre of 5.77 g/t Au from 54.00m.
JPRVER19D0045 & 46Holes
xD0045 and XD0045 were drilled from the same pad 43 metres
southwest of pad VER19-A/B. Hole xD0045 was drilled at -50° and
intersected two gold bearing zones the most significant consisting
of 1.70m of 1.15 g/t Au from 31.60m. Hole xD0046 was drilled at
-85° and intersected one gold bearing zone consisting of 1.35m of
0.91 g/t Au from 39.15m.
JPRVER19D0047, 48 & 49Holes
xD0047, xD0048 and xD0049 were all drilled from the same pad 150
metres west of pad VER19-A/B. Hole xD0047 was drilled at -50° and
intersected four gold bearing zones the most significant consisting
of 0.7m of 12.50 g/t Au from 67.50m. Hole xD0048 was drilled at
-70° and intersected three gold bearing zones including 3.30m of
4.12 g/t Au from 20.50m and 7.90m of 1.03 g/t Au from 143.70m. Hole
xD0049 intersected two gold bearing zones, including 1.68 metres of
3.92 g/t Au from 19.9m and 11.60 metres of 4.31 g/t Au from 31.00m,
including 2.50m of 9.98 g/t Au from 37.50m
JPRVER19D0050Hole xD0050 was
drilled 70m east-northeast of drill pad VER19-A/B. It was drilled
at an azimuth of 200° and a dip of -45°. The hole intersected three
gold bearing zones including 3.10m of 2.60 g/t Au from 13.10m,
0.50m of 15.85 g/t au from 25.50m and a broad interval consisting
of 53.60m of 0.86 g/t Au from 48.00m that includes 0.88m of 16.50
g/t Au from 64.50m and 6.85m of 1.59 g/t Au from 94.75m.
QA/QCThe analytical work for
the 2019 drilling program 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
RC chip and diamond core samples were prepared using procedure
PREP-31H (crush 90% 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
standard, blanks and duplicates into the sample stream.
About White Gold Corp. The
Company owns a portfolio of 21,207 quartz claims across 33
properties covering over 422,730 hectares representing over 40% of
the Yukon’s White Gold District. The Company’s flagship White Gold
property has a mineral resource of 1,039,600 ounces Indicated at
2.26 g/t Au and 508,800 ounces Inferred at 1.48 g/t Au.
Mineralization on the Golden Saddle and Arc is also known to extend
beyond the limits of the current resource estimate. Regional
exploration work has also produced several other prospective
targets on the Company’s claim packages which border sizable gold
discoveries including the Coffee project owned by Newmont Goldcorp
Corporation with a M&I gold resource(2) of 3.4M oz and Western
Copper and Gold Corporation’s Casino project which has P&P gold
reserves(2) of 8.9M oz Au and 4.5B lb Cu. For more information
visit www.whitegoldcorp.ca.
Qualified PersonJodie Gibson, P.Geo., Technical
Advisor, and Andrew Hamilton, P.Geo., Exploration Manager, for the
Company are each a “qualified person” as defined under National
Instrument 43-101 Standards of Disclosure for Mineral Projects, and
each has reviewed and approved the content of this news
release.
Potential quantity and grade is conceptual in
nature. There has been insufficient exploration to define a
mineralresource at the Vertigo target, and it is uncertain if
further exploration will result in the target being delineated asa
mineral resource.
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; expected
benefits to the Company relating to exploration conducted and
proposed to be conducted at the Company’s properties; 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; and those
factors described in the most recently filed management’s
discussion and analysis of the Company. 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 TSX Venture Exchange (the
“Exchange”) nor its Regulation Services Provider (as that term is
defined in the policies of the Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
Contact Information:David D’OnofrioChief
Executive OfficerWhite Gold Corp.(647)
930-1880ir@whitegoldcorp.ca
(1) See White Gold Corp. News Release dated August 8, 2019,
available on SEDAR.(2) 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.
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