Market Overview

White Gold Drills 23.44 g/t Gold and 145 g/t Silver Over 24.38m from Surface Ending in Mineralization at Vertigo Discovery, including 59.3 g/t Gold and 388 g/t Silver over 3.05m and Also Encounters Additional High-Grade Grab Samples up to 257.3 g/t Gold and 293 g/t Silver at Vertigo over a 1.1km Strike Length


TORONTO, Oct. 02, 2018 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce Rotary-Air-Blast ("RAB") drill results from the Vertigo target on the JP Ross property, Yukon Canada. Assays for three additional RAB holes have been received, returning additional near surface, high grade mineralization, including some of the highest grades ever in the White Gold District, and also expanding the drilled strike length of mineralization to 235m. With multiples holes encountering high-grade gold intercepts and many ending in mineralization at relatively shallow depths, Reverse Circulation ("RC") drilling has been initiated at JP Ross.

Vertigo Target
Grab/Probe Results

Vertigo Target
Cross Section

These results mark a significant discovery by the Company produced through its fully funded regional exploration program backed by partners Agnico Eagle Mines Limited (TSX:AEM, NYSE:AEM) and Kinross Gold Corp (TSX:K, NYSE:KGC). Systematic exploration has also been conducted on 16 other properties with results to be released in due course. Maps further detailing drill hole and grab sample locations as well as results can be found at

The Company will host a conference call at 11:30am EDT today, Tuesday, October 2, 2018 for management to provide additional context regarding these and other significant results encountered this year and answer questions. See below for call details.

Highlights Include:

  • JPRVERRAB18-014 was drilled 160m east of JPRVERRAB18-001 and intersected 23.44 g/t Au over 24.38m from surface, including 59.3 g/t Au over 3.05m from surface, 39.4 g/t Au over 3.05m from 12.19m depth and 26.1 g/t Au over 4.572m from 19.81m depth, ending in mineralization. The hole has since been extended with an RC drill to 79.25 m, with results to be reported in due course.
  • Additional surface grab samples encountered up to 257.3 g/t gold including 293 g/t silver encountered within a 1.1 km strongly mineralized trend. Samples are interpreted as being in-place and representative of the bedrock below due to the unglaciated nature of the area.
  • At least 10 mineralized zones (V1 to V10) have been recognised over a 350m x 1,000m area, with individual zones having been traced up to 400m along strike with all zones open along strike and at depth.
  • The JP Ross property is road accessible from Dawson City and the Vertigo Target is within 2km of the existing road.
  • 17 RAB holes were completed on the Vertigo target with assay results for the final 3 RAB holes to be released in due course. All but two holes reported to date have encountered significant gold mineralization over a 235m strike length.
  • RC drilling is progress at the Vertigo and Suspicion targets with assays pending. Additional exploration work including soil sampling, geologic mapping, prospecting, structural interpretation, IP-resistivity, magnetic surveys and LiDAR are also being performed this season.
  • A Class 3 permit application is in progress to permit follow up diamond drilling in 2019.

Shawn Ryan, Chief Technical Advisor of the Company, stated, "This appears to potentially be one of the most significant and interesting discoveries in the White Gold District to date; it is the kind of mineralization that could have produced the local placer gold deposits found in the area. The high-grade nature found at such shallow depths and the fact that there appears to be multiple mineralized zones creates the perfect recipe to build economic ounces. The ability of our team to hit significant gold mineralization on almost every drill hole over 235m of strike on a new target is a true testament to the tenacity and effectiveness of our team and exploration methodology. With each new discovery we are gaining a better understanding of the regional and local geology. We now have increased confidence in the potential for further discoveries in this area as our exploration team continues to explore other targets on the JP Ross property on trend with Vertigo."

Exploration Work on Vertigo Target
A total of 917.45m of RAB drilling over 17 holes was completed on the Vertigo target. Several of the RAB holes failed to reach full depth due to difficult ground conditions adjacent to or within the mineralized zones. The RAB was converted to an RC system to maximize recoveries and to date 1,224 m of RC has been drilled over 17 holes. This includes step-out drilling to test additional identified zones of mineralization (V1, V2, & V7 – V10), drilling along strike extensions of the V3 – V5 zones and initial drill testing on newly identified targets on trend through geologic mapping/prospecting including the recently announced Suspicion target, 4km to the southwest of Vertigo.

Additional work underway includes:

  • Infill and new grid soil sampling along the 12km Vertigo Trend
  • Detailed geologic mapping, prospecting and structural interpretation
  • IP-Resistivity surveys with 2.08 line-km completed to date
  • Ground magnetic surveys to complement existing airborne magnetic and DIGHEM surveys
  • High resolution LiDAR surveys over the Vertigo and Suspicion areas to complement existing data

Drill Results
Results for 3 additional holes from the Vertigo have been received with individual assays ranging from trace to 60.4 g/t Au and are associated with strongly elevated Ag, Pb, Bi, +/- As. All reported holes were drilled either due north (000o) or due south (180o) at dips ranging from -55o to -60o. The most significant results were obtained from holes JPRVERRAB18-005 & JPRVERRAB18-014.

JPRVERRAB18-005 is located 50m to the southwest of JPRVERRAB18-001 at a due north azimuth and dip of 55o. The hole targeted the V3 zone and returned 1.49 g/t Au over 16.76m from 12.19m depth, including 9.37 g/t Au over 1.52m from 27.43m depth, where it ended in mineralization. The hole has subsequently been extended with an RC drill hole to test the mineralized zone to further depth. Results for the follow up RC hole are pending and will be reported in due course.

JPRVERRAB18-014 is located 160m east of previously reported hole JPRVERRAB18-001 and was drilled at a 180o azimuth and 60o dip. The hole was targeting strongly anomalous As-Pb-Bi (+/- Au-Ag) in XRF results from recent GT Probe sampling across the interpreted V6 zone and returned 23.44 g/t Au over 24.38m from surface (0.00m). This includes 3 subintervals consisting of 59.3 g/t Au over 3.05m from surface, 39.4 g/t Au over 3.05m from 12.19m depth and 26.1 g/t Au over 4.572m from 19.81m depth. The gold mineralization is associated with strongly elevated Ag – Pb (As-Bi) and averaged 145 g/t Ag and 0.54% Pb over the 24.38m interval. The hole ended in mineralization at 28.38m depth due to air loss in strongly fractured ground. The hole has been subsequently re-entered using RC equipment and extended to depth. The results of the additional drilling are in progress and will be presented in due course. Gold, silver, and lead assays for the individual 1.52m samples within the reported interval are presented below.

From(m) To(m) Au(g/t) Ag(g/t) Pb(%)
0 1.52 58.20 388 0.62
1.52 3.05 60.40 220 0.42
3.05 4.57 14.00 113 0.17
4.57 6.1 5.30 68 0.61
6.1 7.62 37.40 82 0.59
7.62 9.14 16.40 54 0.31
9.14 10.67 5.36 57 0.15
10.67 12.19 2.49 81 0.25
12.19 13.72 20.70 121 0.64
13.72 15.24 58.10 271 2.13
15.24 16.76 9.16 83 0.61
16.76 18.29 2.00 18 0.14
18.29 19.81 7.42 32 0.14
19.81 21.34 29.50 333 1.11
21.34 22.86 21.70 257 0.51
22.86 24.38 27.00 138 0.31

Interpretation of the results is ongoing and there is not currently enough information to estimate true thickness of the mineralized zones.

Significant drill results from the Vertigo target included in this release are detailed in the table below.

Hole ID From(m) To(m) Interval(m) Au(g/t)
JPRVERRAB18-005* 12.19 28.96 16.76 1.49
Including 27.43 28.96 1.52 9.37
JPRVERRAB18-012 38.1 39.62 1.52 1.18
 And 73.15 74.68 1.52 1.46
JPRVERRAB18-013 Results pending
JPRVERRAB18-014* 0 24.38 24.38 23.44
 Including 0 3.05 3.05 59.3
 And 12.19 13.72 3.05 39.4
 And 19.81 24.38 4.57 26.1
JPRVERRAB18-015 Results pending
JPRVERRAB18-016 Results pending
JPRVERRAB18-017 Results pending
*Hole ended in mineralization

Previously announced RAB significant results from Vertigo are summarized below.

Hole ID From(m) To(m) Interval(m) Au(g/t)
JPRVERRAB18-001 3.05 13.72 10.67 17.34
Including 3.05 6.1 3.05 56.25
JPRVERRAB18-003 32 35.03 3.05 3.11
JPRVERRAB18-004 19.81 21.34 1.52 3.73
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