New Gold Mineralization Trends Across JP Ross Property

 

TORONTO - White Gold Corp. has identified multiple new high-grade gold mineralization trends across its JP Ross property further adding to the Company’s pipeline of regional gold discoveries. The new trends were identified on the Stage Fright, Sabotage, Topaz, and Vertigo targets, all located within 10 km of the Vertigo Discovery. Several additional targets have also been identified on the JP Ross and will be tested in due course. Highlights to date include multiple bedrock samples from trace to 4.65 g/t Au and multiple surface samples from trace to 94.4 g/t Au. These newly discovered mineralized zones were identified using the innovative GT Probe, a proprietary device enabling fast and cost-efficient direct bedrock sampling. These are the first results from the Company’s $13 million fully funded 2019 exploration program, backed by partners Agnico Eagle Mines Limited and Kinross Gold Corp. The 2019 program includes 17,000 meters of diamond drilling which is underway on the Vertigo target (JP Ross property), Golden Saddle & Arc deposits (White Gold property) and QV property, Yukon Canada.

“We are very excited by these newly discovered trends confirming additional near-surface high-grade gold mineralization on our JP Ross property in close proximity and with many similarities to our Vertigo discovery. The results also further validate the district-scale opportunity across our unique portfolio of assets and demonstrate the effectiveness of our systematic and data driven exploration methodologies,” said David D’Onofrio, Chief Executive Officer. “The White Gold region of the Yukon escaped glaciation, unlike many regions globally, allowing us to utilize more efficient exploration techniques, including soil sampling and our proprietary GT Probe to sample the bedrock. With the success so far in our 2019 program, we continue to be increasingly optimistic that our propriety exploration methodologies will continue to produce more discoveries on our 1 million+ acre land package which represents over 40% of the prolific and under explored White Gold District.”

The GT Probe is a track mounted device designed to drive a cased hole through the soil profile to the bedrock interface with samples collected from the final 30cm of the hole and analyzed for gold and other pathfinder elements. The depth of each hole to bedrock was up to 2m with holes located on 2-5m intervals on lines designed to cut across defined soil anomalies. The GT Probe is used as a cost-effective intermediate step between soil sampling and drilling, providing similar data to traditional trenching but with minimal environment impact and more representative sampling. The latest high-grade GT Probe results on the JP Ross property further support the district scale mineralization modeling produced by the Company through prior soil sampling, Lidar and IP-Resistivity testing.

The results to date on the JP Ross further expand on the high-grade discovery made at the Vertigo target in 2018 which returned drill results including 31.35 g/t Au over 6.10m from surface and 17.34 g/t Au over 10.67m and multiple surface samples exceeding 100 g/t Au. GT Probe results this season have confirmed the presence of additional mineralized structures on the Vertigo target as well as the continuity of these structures to other targets, demonstrating a district-scale system of high-grade gold mineralization.