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White Gold makes another GS discovery

 

October 19, 2018

Golden Saddle deposit Yukon Territory

White Gold Corp.

The latest batch of drill results from the White Gold property includes one hole that cut 68 meters of 3.95 grams per metric ton gold in the Golden Saddle deposit.

White Gold Corp. Oct. 16 announced the discovery of Golden Saddle West, or GS West, a shallow zone of gold mineralization about 750 meters west of the Golden Saddle deposit on the company's White Gold property in the Yukon. The GS West target is found along a structural trend hosting several other targets, including the high-grade Ryan's Showing discovery announced in September.

All three holes drilled this year at GS West cut Golden Saddle style mineralization, including 24 meters of 1.92 grams per metric ton gold starting from a depth of 117 meters in hole WHTGS18D0184.

Occurring along the projection of the structure that hosts GS Main, White Gold says GS West highlights the significant potential for additional zones of near surface mineralization in close proximity to the Golden Saddle deposit.

Earlier this year, the company cut 6.1 meters of 20.64 g/t gold during discovery drilling at Ryan's Showing, a target lying along the same structural trend about 1,250 meters further west.

In addition to the drilling at GS West, White Gold Corp. reported significant results from additional step out and infill drilling at the main Golden Saddle deposit.

Highlights from this drilling include:

• 66.2 meters of 3.76 g/t from a depth of 385.2 meters in hole WHTGS18D0194, which extend the GS Main Zone and high-grade core of the Golden Saddle deposit by 60 meters down-dip in this area;

• 68 meters of 3.95 g/t gold from a depth of 210 meters in hole WHTGS18D0193, which infills a 70-meter gap in the GS Main Zone and extending mineralization towards surface; and

• 22.3 meters of 1.95 g/t gold from a depth of 347.6 meters in hole WHTGS18D0191, which extends the GS Main Zone about 200 meter down-dip in this area.

A total of 8,745 meters of diamond drilling in 18 holes was completed at the Golden Saddle deposit this year. This drilling included infill drilling for advanced metallurgical testing; aggressive step-out drilling down-dip to assess continuity of the mineralized structures to depth; and a series of holes for geologic modelling and to assess the continuity of mineralized zones within the hanging wall of the deposit.

"We are very pleased with these results from our 2018 program on the White Gold property. Making up approximately half of our 2018 budget, the goal of this program was to grow the Golden Saddle deposit through expansion along strike and down dip as well as through the discovery of new mineralization within close proximity to the deposit," said White Gold Vice President of Exploration Jodie Gibson. "Our program has done just that – making meaningful step outs to the deposit and also making two significant discoveries this year along trend with Golden Saddle. With only limited exploration performed in the area, we are very optimistic about the potential for additional mineralization in close proximity to the Golden Saddle deposit."

White Gold Corp. continues to have drills turning on the exciting, high-grade Vertigo gold discovery on JP Ross, a road accessible property about 15.5 miles (25 kilometers) north of the White Gold property

In mid-September, the company 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.

Golden Saddle gold deposits map White Gold District Yukon

White Gold Corp.

Drill results announced so far have cut similar high-grade mineralization along 235 meters of strike at Vertigo and at least 10 individual mineralized zones – V1 to V10 – have been identified over a 350- by 1,000-meter area at this discovery.

Additional results from drilling at JP Ross are expected shortly, along with further results from testing performed along trend with the Golden Saddle deposit, including the Ryan's Showing discovery.

White Gold Corp.'s regional exploration program is backed by gold mining majors Agnico Eagle Mines Ltd. and Kinross Gold Corp., each of which own 19.6 percent interest in the junior.

–SHANE LASLEY

 

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