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White Gold Corp. Drills 103.9 g/t Gold & 400.0 g/t Silver over 1.52m from Surface within a Broader Intercept of 31.4 g/t Gold over 6.1m and Identifies New High-Grade Gold Zones at Vertigo Target on JP Ross Property

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TORONTO, Nov. 15, 2018 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company) is pleased to announce additional Rotary-Air-Blast ("RAB") and Reverse Circulation ("RC") drill results from the Vertigo target on the JP Ross property, Yukon, Canada. Assays for 3 additional RAB holes and 11 additional RC holes have been received, returning additional high-grade mineralization in multiple zones. The RC drilling further validated the previously announced RAB drill results and identified new zones of high-grade gold mineralization along strike and at depth, which remain open in all directions. Drilling and other geological testing has also been conducted along the 14km structural trend that hosts the Vertigo and other similar targets.

JP Ross - Vertigo Target
RAB/RC Drill Assay Results



JP Ross Property
Vertigo Target



Maps to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

Highlights Include:

  • JPRVERRC18-006 returned 3.21 g/t Au over 82.3m, including 31.4 g/t Au over 6.1m, including 103.9 g/t Au and 400.0 g/t Ag over 1.52m from surface and three deeper mineralized zones including 4.92 g/t Au over 6.1m from 36.58m.
  • JPRVERRC18-009 returned 14.23 g/t Au over 6.1m, including 38.56 g/t Au over 3.05m from surface and 6.1 g/t Au over 4.57m from 41.5m. This is the most eastern drill intercept of the gold zones on the Vertigo target and mineralization remains open along strike and at depth.
  • JPRVERRC18-003 returned 30.7 g/t Au over 1.52m from surface and 3.98 g/t Au over 7.62m, including 7.14 g/t Au over 3.05m from 65.53m.
  • A total of 17 RAB holes and 21 RC holes have been drilled on the Vertigo target, increasing strike length of high-grade mineralization to over 305m x 250m. Additional assay results are pending for RC holes within and beyond this strike length, within the newly expanded target area.
  • The target area of mineralization and alteration has been expanded to a footprint of 1,500m x 650m, hosting at least 12 individual zones and remains open in all directions.
  • Additional prospecting and geological evaluation have been conducted along the 14km trend which hosts the Vertigo discovery with the goal of identifying similar gold zones nearby. Assays are pending and will be released in due course.

"We are continuing to encounter high-grade gold mineralization at or near surface on the Vertigo target and have now encountered multiple additional high-grade zones at depth and along strike," stated Jodie Gibson, VP Exploration. "These new results have provided further understanding of the geological model and show the potential for a large high-grade mineralized system."

Drill Results
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 1,491 m of RC has been drilled over 21 holes. Some of the RC holes are within close proximity to previously reported RAB holes to test for mineralization at depth beyond the limits of the RAB drilling, up to 100m depth, and to evaluate the geometry of the mineralized structures. The remainder step out along strike and on additional structures along the Vertigo target.

Results for 3 additional RAB holes and 11 RC holes from the Vertigo target have been received and are discussed below. Individual assays for the reported holes range from trace to 103.9 g/t Au and trace to 400.0 g/t Ag; with significant zones of alteration and anomalous mineralization noted in all holes except one. The most significant results were obtained from holes JPRVERRC18-001, JPRVERRC18-003, JPRVERRC18-06, JPRVERRC18-07 & JPRVERRC18-09.

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)
JPRVERRAB18-016 0.00 3.05 3.05 0.88
And 10.67 12.19 1.52 1.08
And 32.00 47.24 15.24 0.93
Including 33.53 36.58 3.05 2.12
Including 42.67 47.24 4.57 1.10
JPRVERRAB18-017 4.57 6.10 1.53 0.87
And 27.43 36.58 9.15 1.03
Including 27.43 30.48 3.05 2.16
JPRVERRC18-001 39.62 54.86 15.24 1.01
Including 41.15 42.67 1.52 2.56
Including 47.24 48.77 1.53 1.74
Including 53.34 54.86 1.52 2.03
JPRVERRC18-002 62.48 65.53 3.05 0.72
JPRVERRC18-003 19.81 21.34 1.52 30.70
And 65.53 73.15 7.62 3.98
Including 65.53 68.58 3.05 7.14
JPRVERRC18-006 0.00 82.30 82.3 3.21
Including 0.00 6.10 6.10 31.40
Including 0.00 1.52 1.52 103.90
And 13.72 22.86 9.14 2.02
And 36.58 42.67 6.10 4.92
And 70.10 73.15 3.05 2.92
JPRVERRC18-007 10.67 12.19 1.52 6.88
And 30.48 32.00 1.52 9.40
JPRVERRC18-008* 24.38 27.43 3.05 4.00
And 45.72 47.24 1.52 1.25
And 60.96 62.48 1.52 2.20
JPRVERRC18-009 0.00 6.10 6.10 14.23
Including 0.00 3.05 3.05 38.56
And 15.24 18.29 3.05 2.11
And 41.15 45.72 4.57 6.10
Including 41.15 42.67 1.52 14.80
*Hole ended in mineralization.

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

JPRVERRC18-001 – Az: 000, Dip: -60°, Depth: 76.2m
JPRVERRC18-001 is located 109m to the SE of RAB hole JPRVERRAB-014. The hole returned a 15.24m intercept of 1.01 g/t Au from 39.62m depth. Anomalous (>100 ppb Au) zones of mineralization occur above and below the reported intercept. Additionally, this is the western most hole received to date and expands the drilled footprint of mineralization to 305m strike length.

JPRVERRC18-003 – Az: 000, Dip: -60°, Depth: 96.01m
JPRVERRC18-003 was drilled to the north from the same location as RAB hole's JPRVERRAB18-001 & 002. The hole returned two significant intercepts including 1.52m of 30.7 g/t Au from 19.81m depth, and 7.62m of 3.98 g/t Au from 65.53m depth; including 3.05m of 7.14 g/t Au from 65.53m depth.

JPRVERRC18-006 – Az: 180, Dip: -60°, Depth: 86.87m
JPRVERRC18-006 was collared 5m to the south of JPRVERRAB18-014/RC-013 and intersected 4 zones of mineralization with additional mineralization distributed between the zones. This includes a 6.10m zone from surface averaging 31.4 g/t Au, including 1.52m of 103.9 g/t Au from surface; a 9.14m zone averaging 2.02 g/t Au from 13.72m depth; a 6.10m zone averaging 4.92 g/t Au from 36.58m depth, including 1.52m of 14.4 g/t Au from 39.62m depth; and a 3.05m zone averaging 2.92 g/t Au from 70.10m depth. Combined, the zones average 3.21 g/t Au over 82.30m from surface. Excluding the upper 1.52m of 103.9 g/t Au; the combined intercept averages 80.77m of 1.3 g/t Au from 1.52m depth. 

JPRVERRC18-007 – Az: 180, Dip: -60°, Depth: 88.39m
JPRVERRC18-07 is located 23m to the north and drilled subparallel to JPRVERRAB18-014. The hole returned two significant intercepts including 1.52m of 6.88 g/t Au from 10.67m depth, and 1.52m of 9.40 g/t Au from 30.48m depth.

JPRVERRC18-009 – Az: 180, Dip: -60°, Depth: 91.44
JPRVERRC18-009 was drilled 8m to the NE of previously reported hole JPRVERRAB18-011 and was drilled to evaluate the area at depth. The hole returned 3 zones of mineralization with additional mineralization distributed between the zones. Results include a 6.10m zone of 14.23 g/t Au from surface, including 3.05m of 38.56 g/t Au from surface; a 3.05m zone of 2.11 g/t Au from 15.24m depth; and a 4.57m zone of 6.10 g/t Au from 41.15m depth, including 1.52m of 14.80 g/t Au from 41.15m depth. Combined, the zones average 2.70 g/t Au over 45.72m from surface.

Vertigo Target - JP Ross Property
The Vertigo Target is on the JP Ross property which is comprised of 2,850 quartz claims covering over 57,000 hectares with at least 14 known target areas and numerous placer gold bearing creeks. Previously announced drill results on the Vertigo target range from trace to 56.25 g/t Au over 3.05m within a broader intercept of 17.34 g/t Au over 10.67m from 3.05m depth (JPRVERRAB18-001); 45.00 g/t Au over 3.05m from 1.52m depth, within a broader intercept of 9.65 g/t Au over 15.24m (JPRVERRAB18-011); and 23.44 g/t Au over 24.37m (JPRVERRAB18-014). Additional exploration in the area also encountered multiple high-grade grab samples including 139.9 g/t, 135.6 g/t and 132.9g/t Au defining a strike length of approximately 1.5km on the Vertigo target along a 12km mineralized trend. The Vertigo Target is located approximately 25km north of the Company's flagship White Gold property and is within 2km of an existing road accessible from Dawson City. Recently staked and acquired claims adjacent to the property are situated within a prolific placer mining camp where coarse placer gold is common.

To date, at least 12 mineralized struc

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