New High-Grade Gold Discovery 15km West of Vertigo
TORONTO, ON - White Gold Corp. announced results from its 2019 regional soil sampling program which identified multiple new high-priority gold targets, including a new high-grade gold discovery, the Titan target. The Titan is located on the road accessible Hen property, contiguous to the Company’s JP Ross property, less than 15km WNW from the Vertigo discovery, Yukon, Canada. Exploration results on the Titan include soil samples of up to >100,000 ppb Au, the highest soil value ever recorded within the Company’s White Gold District soil database comprised of 400,000+ soil samples. These soil samples are interpreted as being in-place and representative of the bedrock below due to the unglaciated nature of the area, indicating high priority targets for upcoming follow up activity including probe, trenching and RAB/RC drilling. The Company’s regional exploration program backed by partners Agnico Eagle Mines Limited and Kinross Gold Corp is ongoing on several high-priority gold targets, with activity including GT Probe sampling, geophysical surveys, trenching, geologic mapping, prospecting and RAB drilling, with related results to be released in due course.
Highlights Include: New high-grade gold discovery on Titan target, Hen property. Results exceed 100,000 ppb Au, highest ever in company’s 400,000+ soil sample database; located less than 15km WNW from Vertigo discovery; Preliminary follow up exploration encountered fine-grained visible gold in the subcrop of strongly quartz-sericite altered mafic gneiss with up to 5% disseminated magnetite; Multiple new high priority targets identified. Soil sample results include; Nolan property up to 525.3 ppb Au, Wolf Property up to 247.2 ppb Au, among others; Over 13,300 soil samples have been collected on 12 of the Company’s regional properties this season; Follow up work on the Titan and other regional targets is in progress; activity includes trenching, GT Probe sampling and RAB drilling, with results to be released in due course; and Diamond drill results on Golden Saddle, Arc, Ryan’s Surprise and Vertigo targets as well as RC drill results on the VG Zone, to be released in coming weeks.
"Our soil sampling program has continued to successfully identify new gold zones and lead to significant discoveries across our vast portfolio of properties,” said Jodie Gibson, VP of Exploration. “The Titan gold in soil grade at Hen is the highest we have ever recorded in the White Gold District. Ongoing follow-up activities which have also identified the presence of visual gold make the Titan a very exciting and highly prospective drill target. Located 15km from the Vertigo, this discovery is further evidence of a potential major gold system in the placer-rich Henderson Creek region that we are starting to tap into.”
The Titan target is located on the Hen property, adjacent to the JP Ross on the west, and approximately 15km to the WNW of the Vertigo. A N-S oriented soil grid was placed over the area (100m spaced lines x 50m spaced samples) to follow up on historic soils in the area with anomalous gold (>100 ppb Au) & copper values.
Sampling returned values ranging from trace to >100,000 ppb Au (>100 g/t Au); the highest soil value within the Company’s soil database for the White Gold District comprised of over 400,000 samples. A follow up fire assay on the >100,000 ppb Au sample and rock samples collected from the area are in progress and the results are pending. The anomalous gold in soils form an approximate 500m N-S trending target and occurs within a circular magnetic low feature covering a 750m x 750m area and may indicate a buried intrusion with potential for porphyry and/or skarn style mineralization. A broad zone of anomalous Cu in soils (>100 ppm Cu; up to 1,395 ppm Cu) is also coincident with the magnetic feature, which appears to occur near the intersection of N-S and NE trending faults.
Prior to the Titan, the highest soil sample in the Company’s database was 9,019 ppb Au from the Donahue target on the White Gold property.
The Hen property is situated within a prolific placer mining camp. Abundant, coarse placer gold has been recovered from creek gravels on North Henderson Creek immediately east of the Titan target. Additionally, the structural and geologic setting of the Hen indicate mineralization in the area is congruent with mineralized structures identified by the Company on the adjacent JP Ross property.
Preliminary follow up investigation of the highly anomalous gold in soil sample included the excavation of a pit overtop of the >100,000 ppb Au soil sample to an approximate depth of 90cm; the same depth as the soil sample. At that depth, subcrop of strongly quartz-sericite altered mafic gneiss with up to 5% disseminated magnetite and fine-grained specks of visible gold was encountered.
Additional ongoing follow up work on the target is ongoing and includes geologic mapping and prospecting, geophysical surveys and GT Probe sampling with a goal of defining drill locations on the target for later this season.
A total of 13,302 soil samples have been collected on 12 of the Company’s regional properties. The sampling was conducted to follow up and/or expand upon previous known anomalous areas, evaluate new target areas, and/or for assessment purposes. Multiple new trends and targets were defined from this soil sampling with follow up work ongoing, including GT Probe sampling, geophysical surveys, trenching, geologic mapping, prospecting, and RAB drilling, with related results to be released in due course.