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High-grade Vertigo, new Suspicion at JP Ross

 

Last updated 10/12/2018 at 4:39am

Shawn Ryan White Gold Dawson City Yukon Territory GroundTruth Exploration

White Gold Corp.

The most recent hole reported from the Vertigo discovery at JP Ross cut 3.05 meters of 56.25 grams per metric ton gold, extending the drill proven part of the zone to 235 meters.

White Gold Corp. reported additional high-grade drill and surface sampling results from the Vertigo and newly discovered Suspicion targets on the company's JP Ross property in Yukon's White Gold District.

In mid-September, White Gold Corp. announced that the discovery hole at Vertigo cut 3.05 meters of 56.25 g/t gold from a depth of 3.05 meters. This high-grade section was part of a longer 10.67-meter intercept averaging 17.34 g/t gold.

JPRVERRAB18-011, drilled 75 meters west of the discovery, cut 3.05 meters of 45 g/t gold from a depth of 1.52 meters, within a broader 15.24-meter intercept averaging 9.65 g/t gold.

Another hole reported by the company on Oct. 2 further confirmed and expanded this high-grade gold mineralization.

JPRVERRAB18-014, drilled 160 meters east of the discovery hole, cut 24.38 meters averaging 23.44 g/t gold, including 3.05 meters of 59.3 g/t gold from surface.

"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," said White Gold Corp. Chief Technical Advisor Shawn Ryan.

"The ability of our team to hit significant gold mineralization on almost every drill hole over 235 meters of strike on a new target is a true testament to the tenacity and effectiveness of our team and exploration methodology."

The results so far are from rotary air blast (RAB) holes the company employs for testing early staged targets. Continuing White Gold Corp.'s exploration methodology, the company has transitioned to reverse circulation rigs capable of reaching greater depths at Vertigo.

At least 10 individual mineralized zones – V1 to V10 – have been identified over a 350- by 1,000-meter area at Vertigo, with individual zones having been traced up to 400 meters along strike.

Rock grab sampling on the Vertigo target has defined strong mineralization over a 1,100-meter northwest-southeast.

The best of these samples returned 257.3 g/t, 139.9 g/t, 134.6 g/t and 132.9 g/t gold. Seven samples from this area returned greater than 10 g/t gold, eleven samples had more than 1 g/t gold; and five samples encountering silver exceeding 100 g/t, including one sample greater than 1,000 g/t silver.

"With each new discovery we are gaining a better understanding of the regional and local geology," said Ryan. "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."

White Gold's Suspicion

Suspicion, which is situated about 4,100 meters southeast of Vertigo, is one of the new targets the company's exploration team is investigating.

Surface grab samples collected at the Suspicion target returned up to 41.8 g/t gold. Four samples collected from this underexplored and undrilled target returned grades greater than 7 g/t gold.

White Gold Corp. said the mineralization found at Suspicion is very similar to the Vertigo target.

The company said the larger structural trend that hosts both Vertigo and Suspicion spans more than 12 kilometers (7.5 miles). Other targets along this trend are currently being tested.

"The results ... at Vertigo are among the highest grades seen in the White Gold district and significantly expand the footprint of the mineralized system," said White Gold Vice President of Exploration Jodie Gibson. "The findings at the Suspicion show the potential for additional high-grade discoveries over the plus-12-kilometer Vertigo trend, and we look forward to the results of our follow up work in the area."

This follow up work includes testing White Gold Corp.'s Suspicion with RC drilling.

Additional exploration work being carried out at Vertigo and Suspicion include soil sampling; geologic mapping; prospecting; structural interpretation; induced polarization and magnetic geophysical surveys; and LiDAR surveying.

More White Gold lands

Given the high-grade gold results at Vertigo and Suspicion, White Gold Corp. further expanded its land holdings in the immediate area by staking an additional 717 mining claims totaling 14,260 hectares (35,237 acres) adjacent to its JP Ross, Hen, and Stewarts properties.

These new claims include two large blocks immediately west and south of JP Ross; west of the Henderson claims White Gold Corp. recently acquired from Independence Gold Corp. and a separate block about six kilometers (3.7 miles) to the south and adjacent to the company's Stewart claims.

White Gold Corp. White Stewart map Vertigo JP Ross Suspicion

"With the recent high-grade discovery at the Vertigo target and our interpretation of the trend which appears to extend over 12 kilometers (7.5 miles), we were very keen to acquire additional claims in this area," said White Gold Corp. CEO David D'Onofrio. "We believe this is potentially a large, high-grade, structurally controlled gold system and with this staking and the recent acquisitions, we have secured the land position surrounding the discovery."

Situated about 15.5 miles (25 kilometers) north of the White Gold property, JP Ross has the advantage of being road accessible from Dawson City and the Vertigo target is within 2,000 meters of an existing road. This will provide for lower cost exploration and resource exploration drilling at this enticing discovery in the White Gold District.

The company now holds more than 423,000 hectares (1.05 million) acres in the White Gold District.

–SHANE LASLEY

 

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