White Gold Corp. erwirbt QV-Goldprojekt von Comstock Metals Ltd mit 230.000 Unzen abgeleitete Goldressource auf der VG-Lagerstätte neben Whitegold

Am 14. Januar veröffentlichte White Gold Corp. (V.WGO) eine Pressemitteilung, in der man über die Übernahme des QV-Projekts von Comstock Metals Ltd. informierte.

White Gold Corp. CEO David D’Onofrio stand kürzlich Rede und Antwort zu dieser Akquisition:

1. Was macht diese Akquisition zu einer guten Ergänzung für Weißgold?

Mehrere Eigenschaften des QV-Goldprojekts machen es zu einer hervorragenden Ergänzung unseres Portfolios im White Gold District. Erstens ist die 230.000 Unzen Goldlagerstätte eine gute Ergänzung zu unserer bestehenden Ressource bei Golden Saddle & Arc und es ist der gleiche Mineralisierungsstil wie auf Golden Saddle bei nur 10 km Entfernung. Zweitens wurden auf dem Grundstück bisher nur sehr begrenzte Explorationsarbeiten durchgeführt und die bestehenden Ziele weisen viele Ähnlichkeiten mit unseren Vorkommenen auf, darunter Golden Saddle und Vertigo. Darüber hinaus verfügt unser Team bereits über umfangreiche Erfahrungen mit diesem Vorkommen, darunter Shawn Ryan, unser Chief Technical Officer, der das Grundstück ursprünglich abgesteckt hatte und bereits 2010 an Comstock verkaufte sowie Jodie Gibson, unsere VP of Exploration, die die Entdeckungsbohrungen der VG-Zonenlagerstätte beaufsichtigte! Als sich die Gelegenheit bot, dies alles zu erwerben, nutzen wir diese Chance.  Jetzt sind wir sehr gespannt, die bestehende Lagerstätte zu erweitern, die anderen bekannten Ziele weiter voranzutreiben und unser erfahrenes Team auf diesem kaum erforschten Boden einzusetzen.

2. Welche Arbeiten wurden bisher auf QV durchgeführt?

Der größte Teil der bisherigen Explorationen fand auf der Lagerstätte VG Zone statt, die sich am südlichen Ende des Grundstücks befindet. Auf der VG-Lagerstätte wurden bisher nur ca. 4.300 Meter Diamantbohrungen in 23 Bohrungen durchgeführt. 17 Löcher produzierten 2014 die ursprüngliche Ressourcenschätzung von 230.000 Unzen Gold, und die restlichen 6 Löcher wurden 2017 gebohrt und nicht in die Ressourcen einbezogen. Die Bohrungen 2017 beinhalteten 1,42 g/t Gold über 45,5 m, wodurch die Mineralisierung 125 m unter dem Gefälle der vorherigen Bohrung erweitert wurde, und 1,48 g/t Gold über 51,2 m, wodurch die Mineralisierung 45 m westlich der vorherigen Bohrung erweitert wurde. Basierend auf diesen Ergebnissen sind wir zuversichtlich, dass es ein erhebliches unrealisiertes Potenzial gibt, diese Lagerstätte deutlich zu vergrößern. Weitere Erkundungsarbeiten auf dem Grundstück umfassten Bodenproben, Grabenarbeiten, geologische Kartierungen/Prospektionen, kleinere RAB-Bohrungen und eine Mischung aus anderen, nur an der Basis durchgeführten Aktivitäten. Das Grundstück ist noch weitgehend unerforscht, und wir freuen uns darauf, dass unser Explorations-team mit der Arbeit an der Maximierung des Potenzials dieses Grundstücks beginnen kann.

3. Welche Bohrergebnisse wurden bisher auf dem Projekt erzielt?

Trotz der bisher minimalen Bohrungen auf dem Grundstück gab es einige sehr signifikante Ergebnisse, mit konstanten Abständen von 40 bis 50 Metern mit über 1,0 g/t; und einem Loch mit bis zu 78 Metern! Zu den Highlights gehören die Bohrungen QV12-001: 1,03 g/t Au über 78 m, einschließlich 6,15 g/t Au über 5,6 m; QV12-004: 2,23 g/t Au über 42 m; QV12-006: 1,45 g/t Au über 60 m; und QV13-012: 1,76 g/t Au über 42,3 m.

Wie bereits erwähnt, hatte das Bohrprogramm 2017 auch starke Ergebnisse, die nicht in der Ressource enthalten waren, wobei QV17-018 1,42 g/t Gold über 45,5 m produzierte und die Mineralisierung 125 Meter unter dem Gefälle der vorherigen Bohrung wuchs. Außerdem QV17-019 mit 1,48 g/t Gold auf 51,2 m, das die Mineralisierung 45 m westlich der vorherigen Bohrung ausdehnt.

Was unsere Aufmerksamkeit wirklich erregt hat, sind die Gemeinsamkeiten zwischen den Zielen auf dem Grundstück, wie der Lagerstätte VG Zone und dem Shadowziel, und unseren bestehenden Grundstücken. Die Lagerstätte VG Zone teilt den gleichen strukturellen Rahmen und Mineralisierungsstil wie unsere nahe gelegene Lagerstätte Golden Saddle. Darüber hinaus haben die Explorationsziele im Norden des Grundstücks, das wir erwerben, den gleichen Mineralisierungsstil, den wir bei unserer jüngsten Entdeckung auf Vertigo gesehen haben. Die Chancen stehen sehr gut für uns, diese Gemeinsamkeiten zu nutzen, um den Wert dieses neuen Vorkommens zu maximieren.

Über White Gold Corp.

Das Unternehmen besitzt ein Portfolio von 21.218 Claims auf 34 Grundstücken mit einer Fläche von über 423.000 Hektar, was über 40% des Whitegoldbezirks des Yukon entspricht. Das Flaggschiff der Liegenschaft Whitegold des Unternehmens verfügt über eine Mineralressource von 960.970 Unzen, die mit 2,43 g/t Gold und 282.490 Unzen, die mit 1,70 g/t Gold abgezogen wurden, wie im technischen Bericht "Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada" vom 5. März 2018 dargelegt, der unter dem Profil des Unternehmens auf SEDAR hinterlegt wurde. Die Mineralisierung auf Golden Saddle und Arc geht bekanntlich auch über die Grenzen der aktuellen Ressourcenschätzung hinaus. Regionale Explorationsarbeiten haben auch mehrere andere potenzielle Ziele auf den Claim-Paketen des Unternehmens hervorgebracht, die an beträchtliche Goldfunde grenzen, darunter das Coffeeprojekt von Goldcorp Inc. mit einer M&I-Goldressource(3) von 3,4 Mio. Unzen und das Casino-Projekt von Western Copper and Gold Corporation mit P&P-Goldreserven(3) von 8,9 Mio. Unzen Au und 4,5B lb Cu. Für weitere Informationen besuchen Sie www.whitegoldcorp.ca.

  • Die notierte Mineralisierung ist die vom Eigentümer jeder Liegenschaft offenbarte und ist nicht unbedingt ein Hinweis auf die Mineralisierung, die auf dem Grundstück des Unternehmens gehostet wird.

Vorsichtshinweis zu zukunftsgerichteten Informationen

Diese Pressemitteilung enthält "zukunftsgerichtete Informationen" und "zukunftsgerichtete Aussagen" (zusammen "zukunftsgerichtete Aussagen") im Sinne der geltenden kanadischen Wertpapiergesetzgebung. Alle Aussagen, mit Ausnahme von Aussagen über historische Fakten, sind zukunftsgerichtete Aussagen und basieren auf Erwartungen, Schätzungen und Prognosen zum Zeitpunkt dieser Pressemitteilung. Jede Aussage, die Diskussionen in Bezug auf Vorhersagen, Erwartungen, Überzeugungen, Pläne, Prognosen, Ziele, Annahmen, zukünftige Ereignisse oder Leistungen beinhaltet (oft, aber nicht immer unter Verwendung von Formulierungen wie "erwartet" oder "erwartet nicht", "wird erwartet", "erwartet" oder "antizipiert" oder "nicht erwartet", "plant" oder "vorgeschlagen", "Budget", "geplant", "Prognosen", "Schätzungen", "glaubt" oder "beabsichtigt" oder Variationen solcher Wörter und Formulierungen oder die Feststellung, dass bestimmte Handlungen, Ereignisse oder Ergebnisse "kann" oder "könnte", "würde", "könnte" oder "wird" durchgeführt werden oder erreicht werden) sind keine Aussagen über historische Fakten und können zukunftsgerichtete Aussagen sein. In dieser Pressemitteilung beziehen sich zukunftsgerichtete Aussagen unter anderem auf den Abschluss der Akquisition, den erwarteten Nutzen für das Unternehmen, den Verkäufer und seine Aktionäre in Bezug auf die Akquisition, die Ziele, Ziele und Explorationsaktivitäten des Unternehmens, die auf den Grundstücken des Unternehmens durchgeführt und vorgeschlagen werden, das zukünftige Wachstumspotenzial des Unternehmens, einschließlich der Frage, ob vorgeschlagene Explorationsprogramme auf einem der Grundstücke des Unternehmens erfolgreich sein werden, die Explorationsergebnisse sowie zukünftige Explorationspläne und -kosten und -verfügbarkeit.

Diese zukunftsgerichteten Aussagen basieren auf vernünftigen Annahmen und Schätzungen des Managements des Unternehmens zum Zeitpunkt der Erstellung dieser Aussagen. Die tatsächlichen zukünftigen Ergebnisse können erheblich voneinander abweichen, da zukunftsgerichtete Aussagen bekannte und unbekannte Risiken, Unsicherheiten und andere Faktoren beinhalten, die dazu führen können, dass die tatsächlichen Ergebnisse, Leistungen oder Errungenschaften des Unternehmens und/oder des Verkäufers wesentlich von den zukünftigen Ergebnissen, Leistungen oder Errungenschaften abweichen, die in solchen zukunftsgerichteten Aussagen ausdrücklich oder implizit zum Ausdruck kommen. Zu diesen Faktoren gehören unter anderem: der erwartete Nutzen für das Unternehmen und den Verkäufer im Zusammenhang mit der Akquisition; der erwartete Nutzen für das Unternehmen im Zusammenhang mit der Exploration, die auf den Grundstücken des Unternehmens durchgeführt wurde und durchgeführt werden soll; der Erhalt aller erforderlichen behördlichen und Drittzulassungen für den Erwerb; das Versäumnis, zusätzliche Mineralressourcen oder bedeutende Mineralisierungen zu identifizieren; die vorläufige Art der metallurgischen Testergebnisse; Unsicherheiten in Bezug auf die Verfügbarkeit und die Kosten der in Zukunft erforderlichen Finanzierung, einschließlich der Finanzierung von Explorationsprogrammen auf den Grundstücken des Unternehmens; Risiken der Geschäftsintegration; Schwankungen der allgemeinen makroökonomischen Bedingungen; Schwankungen der Wertpapiermärkte; Schwankungen der Spot- und Terminpreise für Gold, Silber, Basismetalle oder bestimmte andere Rohstoffe; Schwankungen der Devisenmärkte (wie der Wechselkurs des Kanadischen Dollars zum US-Dollar); Änderungen der nationalen und lokalen Regierung, der Gesetzgebung, der Steuern, Kontrollen, Vorschriften und politischen oder wirtschaftlichen Entwicklungen; Risiken und Gefahren im Zusammenhang mit der Mineralexploration, -entwicklung und -bergbau (einschließlich Umweltgefahren, Arbeitsunfällen, ungewöhnlichem oder unerwartetem Formationsdruck, Einstürzen und Überschwemmungen); Unfähigkeit, eine angemessene Versicherung zur Deckung von Risiken und Gefahren abzuschließen; das Vorhandensein von Gesetzen und Vorschriften, die den Bergbau und die Mineralexploration einschränken können; Arbeitnehmerbeziehungen; Beziehungen zu und Ansprüche von lokalen Gemeinschaften und indigenen Bevölkerungsgruppen; Verfügbarkeit steigender Kosten im Zusammenhang mit Bergbauinvestitionen und Arbeit; die spekulative Natur der Mineralexploration und -entwicklung (einschließlich der Risiken der Erlangung notwendiger Lizenzen, Genehmigungen und Genehmigungen von Regierungsbehörden); die Unwahrscheinlichkeit, dass die erforschten Grundstücke letztendlich zu Bergwerken entwickelt werden; geologische Faktoren; tatsächliche Ergebnisse der aktuellen und zukünftigen Exploration; Änderungen der Projektparameter als Pläne, die weiterhin bewertet werden; Bodenprobenergebnisse, die vorläufiger Natur sind und keinen schlüssigen Nachweis für die Wahrscheinlichkeit einer Mineralvorkommen; Eigentumsrechte an Grundstücken; und die Faktoren, die in der jüngsten Diskussion und Analyse des Managements über jedes der Unternehmen und Verkäufer beschrieben wurden. Obwohl die in dieser Pressemitteilung enthaltenen zukunftsgerichteten Aussagen auf dem beruhen, was das Management des Unternehmens und des Verkäufers für vernünftige Annahmen hält oder zu diesem Zeitpunkt für vernünftig hielt, können das Unternehmen und der Verkäufer den Aktionären nicht garantieren, dass die tatsächlichen Ergebnisse mit solchen zukunftsgerichteten Aussagen übereinstimmen, da es andere Faktoren geben kann, die dazu führen, dass die Ergebnisse nicht wie erwartet, geschätzt oder beabsichtigt sind. Dementsprechend sollten sich die Leser nicht übermäßig auf zukunftsgerichtete Aussagen und Informationen verlassen. Es kann nicht garantiert werden, dass sich zukunftsgerichtete Informationen oder die wesentlichen Faktoren oder Annahmen, die bei der Entwicklung solcher zukunftsgerichteter Informationen verwendet werden, als richtig erweisen. Weder das Unternehmen noch der Verkäufer verpflichten sich, Änderungen zur Aktualisierung freiwilliger zukunftsgerichteter Aussagen öffentlich bekannt zu geben, es sei denn, dies ist durch geltendes Wertpapierrecht vorgeschrieben.

Weder die TSX Venture Exchange (die "Exchange") noch ihr Regulierungsdienstleister (wie dieser Begriff in den Richtlinien der Exchange definiert ist) übernehmen die Verantwortung für die Angemessenheit oder Genauigkeit dieser Pressemitteilung.

Kontaktinformationen:

David D’Onofrio

Chief Executive Officer

White Gold Corp.
+1 (416) 643-3880
ddonofrio@whitegoldcorp.ca

In Europa:

Swiss Resource Capital AG

Jochen Staiger

info@resource-capital.ch.ch

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Uranium Energy Corp Announces New and Consolidated NI 43-101 Mineral Resources* at the Reno Creek ISR Project, Wyoming

  • New and expanded M&I mineral resources rank the Project as the largest permitted, pre-construction in-situ recovery (“ISR”) uranium project in the U.S.
  • First time that the major mineralized trends of the Reno Creek ISR Project have been consolidated within the Eastern Pumpkin Buttes District of the Powder River Basin.
  • Considerable ISR exploration and expansion potential within open mineralized trends based on available historical drilling.
  • Added resources benefit from existing production permits in place.

Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC” –  http://www.commodity-tv.net/c/search_adv/?v=298723 ) is pleased to announce the Company has completed an updated National Instrument 43-101 Standards of Disclosure for Mineral Properties (“NI 43-101”) resource estimate for its Reno Creek ISR Project (“Reno Creek” or the “Project”).  

The Project is in the Powder River Basin, Wyoming, and now includes the consolidation and inclusion of the former North Reno Creek project (“North Reno Creek”) into the Company’s Reno Creek Project. *  The report is entitled “Technical Report and Audit of Resources of the Reno Creek ISR Project, Campbell County, Wyoming, USA” dated December 31, 2018 as prepared for the Company by Behre Dolbear, an internationally recognized mining consulting firm (the “Report”). 

The Report estimates a Measured and Indicated (“M&I”) mineral resource of 26 million pounds of uranium (“U3O8”) at a weighted average grade of 0.041% U3O8 contained within 32 million tons, and an Inferred mineral resource of 1.49 million pounds U3O8 at a weighted average grade of 0.039% U3O8 contained within 1.92 million tons. *

Amir Adnani, President and CEO, stated, “For decades, the Reno Creek uranium district has been unable to reach its full potential due to fractured ownership.  Through a string of accretive acquisitions over the past 24 months, UEC has successfully consolidated the key project areas, clearing the path for this substantial new resource, with the benefit of being covered under our existing production permit.  We’re executing on contrarian acquisitions during difficult years in the uranium market and have amassed a production profile of low-cost and fully permitted ISR projects.  Combining Reno Creek with the Company’s South Texas ISR projects, positions UEC to lead a renaissance in U.S. uranium production via the ISR mining method, which is globally recognized for being low cost and environmentally friendly.”

The Company completed the acquisition of the North Reno Creek project in May 2018 (press release dated May 3, 2018), and since that time has been focused on updating resources, consolidating permits, merging databases and locating all Project related information into a newly opened office in Glenrock, Wyoming, near the Project. 

The Company contracted Behre Dolbear, an internationally recognized mining consulting firm, to complete the Report on the Project.  The Report will be filed on SEDAR within 45 days of the date of this press release.  Henceforth, Reno Creek and North Reno Creek will be considered as one project in terms of resource reporting, permitting and pre-production planning.  The M&I resource estimate for the Project is presented in Table 1: *

Figure 1 shows the location of the entire 19,769-acre Reno Creek property area. 

Figure 2 shows the 6,053-acre permit area covered by Permit 824, Reno Creek ISR Project Permit to Mine, issued by the Wyoming Department of Environmental Quality (“WDEQ”) on July 17, 2015 (the “Permit”), and associated mineralized trends.  A Source and By Product Materials License for Reno Creek was issued in February 2017 from the U.S Nuclear Regulatory Commission (“NRC”), supported by a Final Environmental Impact Statement and Record of Decision, to permit production of up to 2 million pounds U3O8 per year.

On September 30, 2018, the State of Wyoming became an NRC Agreement State, which gives the State the authority to regulate in-situ recovery facilities in Wyoming.  From this date forward, UEC will only be required to work with the State WDEQ for Permit revisions, which will streamline the process to include the North Reno Creek resources under the existing Permit.

About Reno Creek

The Reno Creek Project is in the Powder River Basin of northeast Wyoming, one of the most prolific uranium producing regions in the U.S. and the home of five ISR uranium mining operations: Cameco’s Smith Ranch/Highland and North Butte, Uranium One’s Willow Creek, Energy Fuels’ Nichols Ranch and Strata’s Lance project.  The Project is less than 10 miles from the nearest town of Wright, Wyoming with a population of 1,800.  Substantial historical exploration, development and permitting work has been completed on the Reno Creek property, beginning in the late 1960s and continuing to present.  Approximately 10,000 uranium exploration drill holes have been completed within and near the Project area by various operators over this time.

Currently, Company geologists are reviewing the historical data to assess the development of additional resources along 12 miles of partially defined mineralized trends within the currently held acreage.  Development of a conceptual mining plan to support a revised Preliminary Feasibility Study is underway and the Company is planning on completing this document in 2019.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and was reviewed by Robert D. Maxwell, CPG, a consultant for the Company and a Qualified Person under NI 43-101.

About Uranium Energy Corp

Uranium Energy Corp is a U.S.-based uranium mining and exploration company with additional titanium and vanadium assets.  The Company’s fully-licensed Hobson Processing Facility is central to all its uranium projects in South Texas, including the Palangana ISR mine, the permitted Goliad ISR project and the development-stage Burke Hollow ISR project.  In Wyoming, UEC controls the permitted Reno Creek ISR uranium project. Additionally, the Company controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. The Company also controls a large high-grade titanium project in Paraguay and significant vanadium resources in combination with its Slick Rock uranium project in Colorado. The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

*Notice to U.S. Investors

The mineral resources referred to herein have been estimated in accordance with the definition standards on mineral resources of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in NI 43-101 and are not compliant with U.S. Securities and Exchange Commission (the “SEC”) Industry Guide 7 guidelines.  In addition, measured mineral resources, indicated mineral resources and inferred mineral resources, while recognized and required by Canadian regulations, are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC.  Accordingly, we have not reported them in the United States.  Investors are cautioned not to assume that any part or all of the mineral resources in these categories will ever be converted into mineral reserves.  These terms have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility.  It should be noted that mineral resources which are not mineral reserves do not have demonstrated economic viability.  It cannot be assumed that all or any part of measured mineral resources, indicated mineral resources or inferred mineral resources will ever be upgraded to a higher category.  In accordance with Canadian rules, estimates of inferred mineral resources cannot form the basis of feasibility or other economic studies.  Investors are cautioned not to assume that any part of the reported measured mineral resources, indicated mineral resources or inferred mineral resources referred to herein are economically or legally mineable.

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute “forward-looking statements” as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward-looking statements.  These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.  Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements.  Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage.  Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.  Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved.  Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected.  Many of these factors are beyond the Company’s ability to control or predict.  Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission.  The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.  Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.  This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

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Uranium Energy Corp kündigt neue und konsolidierte NI 43-101 Mineralressourcen* für Reno Creek ISR-Projekt in Wyoming an

  • Neue und erweiterte M&I-Mineralressourcen machen das Projekt zum größten genehmigten befindlichen In-situ-Recovery ("ISR")-Uranprojekt in den USA
  • Zum ersten Mal wurden die wichtigsten mineralisierten Trends des ISR-Projekts Reno Creek im Eastern Pumpkin Buttes District des Powder River Basin konsolidiert
  • Erhebliches ISR-Explorations- und Expansionspotenzial innerhalb offener mineralisierter Trends basierend auf verfügbaren historischen Bohrungen
  • Zusätzliche Ressourcen profitieren von den bestehenden Produktionsgenehmigungen

Uranium Energy Corp (NYSE American: UEC, das "Unternehmen" oder "UEC" – http://www.commodity-tv.net/c/search_adv/?v=298723) freut sich bekannt zu geben, dass das Unternehmen eine aktualisierte National Instrument 43-101 Standards of Disclosure for Mineral Properties ("NI 43-101") Ressourcenschätzung für sein Reno Creek ISR-Projekt ("Reno Creek" oder das "Projekt") abgeschlossen hat. 

Das Projekt befindet sich im Powder River Basin, Wyoming, und beinhaltet nun die Konsolidierung und Einbeziehung des ehemaligen North Reno Creek Projekts ("North Reno Creek") in das Reno Creek Projekt des Unternehmens. * Der Bericht trägt den Titel "Technical Report and Audit of Resources of the Reno Creek ISR Project, Campbell County, Wyoming, USA" vom 31. Dezember 2018, wie er von Behre Dolbear, einem international anerkannten Bergbauberatungsunternehmen, für das Unternehmen erstellt wurde (der "Report").

Der Bericht schätzt eine gemessene und angezeigte ("M&I") Mineralressource von 26 Millionen Pfund Uran ("U3O8") mit einem gewichteten Durchschnittsgehalt von 0,041% U3O8 mit 32 Millionen Tonnen und eine abgeleitete Mineralressource von 1,49 Millionen Pfund U3O8 mit einem gewichteten Durchschnittsgehalt von 0,039% U3O8 mit 1,92 Millionen Tonnen. *

Amir Adnani, Präsident und CEO, erklärte: "Seit Jahrzehnten kann der Uranbezirk Reno Creek aufgrund von zersplitterten Eigentumsverhältnissen sein volles Potenzial nicht ausschöpfen. Durch eine Reihe von Akquisitionen in den letzten 24 Monaten hat UEC die wichtigsten Projektbereiche erfolgreich konsolidiert und den Weg für diese bedeutende neue Ressource geebnet, mit dem Vorteil, dass sie unter unserer bestehenden Produktionsgenehmigung abgedeckt ist. Wir führen konträre Akquisitionen in schwierigen Zeiten auf dem Uranmarkt durch und haben uns ein Produktionsprofil von kostengünstigen und voll genehmigten ISR-Projekten erarbeitet. Durch die Kombination von Reno Creek mit den ISR-Projekten des Unternehmens in Süd-Texas positioniert sich UEC in der Lage, eine Renaissance der Uranproduktion in den USA durch die ISR-Mining-Methode zu führen, die weltweit als kostengünstig und umweltfreundlich anerkannt ist."

Das Unternehmen hat die Akquisition des North Reno Creek Projekts im Mai 2018 abgeschlossen (Pressemitteilung vom 3. Mai 2018) und konzentriert sich seitdem auf die Aktualisierung der Ressourcen, die Konsolidierung von Genehmigungen, die Zusammenführung von Datenbanken und die Lokalisierung aller projektbezogenen Informationen in einem neu eröffneten Büro in Glenrock, Wyoming, nahe dem Projekt.Das Unternehmen beauftragte Behre Dolbear, ein international anerkanntes Bergbau-Beratungsunternehmen, mit der Erstellung des Berichts über das Projekt. Der Bericht wird innerhalb von 45 Tagen nach dem Datum dieser Pressemitteilung auf SEDAR veröffentlicht. Von nun an werden Reno Creek und North Reno Creek als ein Projekt in Bezug auf Ressourcenberichterstattung, Genehmigungs- und Vorproduktionsplanung betrachtet. Die M&I-Ressourcenschätzung für das Projekt ist in Tabelle 1 dargestellt: *

Abbildung 1 zeigt die Lage der gesamten 19.769 Hektar großen Grundstücksfläche von Reno Creek.

Abbildung 2 zeigt das 6.053 Hektar große Genehmigungsgebiet, das von Permit 824, Reno Creek ISR Project Permit to Mine, ausgestellt vom Wyoming Department of Environmental Quality ("WDEQ") am 17. Juli 2015 (das "Permit"), und den damit verbundenen mineralisierten Trends abgedeckt wird. Eine Source and By Product Materials License für Reno Creek wurde im Februar 2017 von der U.S. Nuclear Regulatory Commission ("NRC") erteilt, unterstützt durch eine endgültige Umweltverträglichkeitserklärung und ein Entscheidungsprotokoll, um die Produktion von bis zu 2 Millionen Pfund U3O8 pro Jahr zu ermöglichen.

Am 30. September 2018 wurde der Staat Wyoming in einen NRC-Vertragsstaat umgewandelt, der dem Staat die Befugnis erteilt, In-situ-Rückgewinnungsanlagen in Wyoming zu regeln. Von diesem Zeitpunkt an wird die UEC nur noch mit dem Staat WDEQ für Genehmigungsrevisionen zusammenarbeiten müssen, was den Prozess deutlich vereinfachen wird, um die Ressourcen des North Reno Creek in die bestehende Genehmigung einzubeziehen.

Über Reno Creek

Das Reno Creek Projekt befindet sich im Powder River Basin im Nordosten von Wyoming, einer der produktivsten uranproduzierenden Regionen der USA und Heimat von fünf ISR-Uranbergbauaktivitäten: Cameco’s Smith Ranch/Hochland und North Butte, Uran One’s Willow Creek, Energy Fuels‘ Nichols Ranch und Strata’s Lance Projekt. Das Projekt ist weniger als 10 Meilen von der nächsten Stadt Wright, Wyoming mit 1.800 Einwohnern entfernt. Auf dem Grundstück Reno Creek wurden seit Ende der 1960er Jahre und bis heute umfangreiche historische Erkundungs-, Erschließungs- und Genehmigungsarbeiten durchgeführt. In dieser Zeit wurden von verschiedenen Betreibern rund 10.000 Uranerkundungsbohrungen innerhalb und in der Nähe des Projektgebietes abgeschlossen.

Derzeit überprüfen Geologen des Unternehmens die historischen Daten, um die Entwicklung zusätzlicher Ressourcen entlang von 12 Meilen teilweise definierter mineralisierter Trends innerhalb der derzeit gehaltenen Anbauflächen zu bewerten. Die Entwicklung eines konzeptionellen Abbauplans zur Unterstützung einer überarbeiteten Vorläufigen Machbarkeitsstudie ist im Gange und das Unternehmen plant, dieses Dokument 2019 fertigzustellen.

Die technischen Informationen in dieser Pressemitteilung wurden in Übereinstimmung mit den kanadischen regulatorischen Anforderungen gemäß NI 43-101 erstellt und von Robert D. Maxwell, CPG, einem Berater für das Unternehmen und einer qualifizierten Person gemäß NI 43-101, geprüft.

Über Uranium Energy Corp.

Uranium Energy Corp. ist ein in den USA ansässiges Uranabbau- und Explorationsunternehmen mit zusätzlichen Titan- und Vanadiumanlagen. Die voll lizenzierte Hobson Processing Facility des Unternehmens ist von zentraler Bedeutung für alle seine Uranprojekte in Südtexas, einschließlich der Palangana ISR-Mine, des genehmigten Goliad ISR-Projekts und des Burke Hollow ISR-Projekts in der Entwicklungsphase.  In Wyoming kontrolliert UEC das genehmigte Reno Creek ISR Uranprojekt. Darüber hinaus kontrolliert das Unternehmen eine Pipeline von fortgeschrittenen Uranprojekten in Arizona, Colorado, New Mexico und Paraguay. Das Unternehmen kontrolliert auch ein großes, hochwertiges Titanprojekt in Paraguay und bedeutende Vanadiumressourcen in Kombination mit dem Uranprojekt Slick Rock in Colorado. Die Aktivitäten des Unternehmens werden von Experten mit einem anerkannten Profil für hervorragende Leistungen in ihrer Branche geleitet, das auf jahrzehntelanger praktischer Erfahrung in den Schlüsselbereichen Uranexploration, -entwicklung und -bergbau basiert.

*Hinweis für US-Investoren

Die hierin genannten Mineralressourcen wurden in Übereinstimmung mit den in NI 43-101 genannten Definitionsnormen des Canadian Institute of Mining, Metallurgy and Petroleum geschätzt und entsprechen nicht den Richtlinien des U.S. Securities and Exchange Commission (die "SEC") Industry Guide 7. Darüber hinaus sind gemessene Mineralressourcen, angezeigte Mineralressourcen und abgeleitete Mineralressourcen, obwohl sie von kanadischen Vorschriften anerkannt und gefordert werden, keine definierten Begriffe im SEC Industry Guide 7 und dürfen normalerweise nicht in Berichten und Registrierungserklärungen verwendet werden, die bei der SEC eingereicht wurden. Dementsprechend haben wir sie in den Vereinigten Staaten nicht gemeldet. Die Anleger werden darauf hingewiesen, nicht davon auszugehen, dass ein Teil oder alle Mineralressourcen dieser Kategorien jemals in Mineralreserven umgewandelt werden. Diese Begriffe haben eine große Unsicherheit über ihre Existenz und eine große Unsicherheit über ihre wirtschaftliche und rechtliche Machbarkeit. Es sei darauf hingewiesen, dass mineralische Ressourcen, die keine Mineralreserven sind, keine wirtschaftliche Tragfähigkeit nachgewiesen haben. Es kann nicht davon ausgegangen werden, dass alle oder ein Teil der gemessenen Mineralressourcen, der angezeigten Mineralressourcen oder der abgeleiteten Mineralressourcen jemals in eine höhere Kategorie eingestuft werden. In Übereinstimmung mit den kanadischen Regeln können Schätzungen der abgeleiteten Mineralressourcen nicht die Grundlage für Machbarkeits- oder andere wirtschaftliche Studien bilden. Die Anleger werden darauf hingewiesen, dass sie nicht davon ausgehen dürfen, dass ein Teil der gemeldeten gemessenen Mineralressourcen, der angegebenen Mineralressourcen oder der abgeleiteten Mineralressourcen, auf die hierin Bezug genommen wird, wirtschaftlich oder rechtlich abbaubar ist.

Safe Harbor Erklärung

Mit Ausnahme der hierin enthaltenen Aussagen zu historischen Fakten sind oder können die in dieser Pressemitteilung enthaltenen Informationen und mündlichen Aussagen, die von Zeit zu Zeit von Vertretern des Unternehmens abgegeben werden, "zukunftsgerichtete Aussagen" darstellen, da ein solcher Begriff in den anwendbaren Gesetzen der Vereinigten Staaten und Kanadas verwendet wird und, ohne Einschränkung, im Sinne des Private Securities Litigation Reform Act von 1995, für den das Unternehmen den Schutz des sicheren Hafens für zukunftsgerichtete Aussagen geltend macht. Diese Aussagen beziehen sich auf Analysen und andere Informationen, die auf Prognosen über zukünftige Ergebnisse, Schätzungen noch nicht bestimmbarer Beträge und Annahmen des Managements beruhen. Alle anderen Aussagen, die Vorhersagen, Erwartungen, Überzeugungen, Pläne, Prognosen, Ziele, Annahmen oder zukünftige Ereignisse oder Leistungen zum Ausdruck bringen oder diskutieren (oft, aber nicht immer, mit Worten oder Phrasen wie "erwartet" oder "erwartet nicht", "wird erwartet", "antizipiert" oder "nicht antizipiert", "plant", "schätzt" oder "beabsichtigt", oder erklärt, dass bestimmte Handlungen, Ereignisse oder Ergebnisse "kann", "könnte", "würde", "könnte" oder "wird" ergriffen werden, auftreten oder erreicht werden) sind keine Aussagen über historische Fakten und sollten als zukunftsgerichtete Aussagen betrachtet werden. Solche zukunftsgerichteten Aussagen beinhalten bekannte und unbekannte Risiken, Unsicherheiten und andere Faktoren, die dazu führen können, dass die tatsächlichen Ergebnisse, Leistungen oder Errungenschaften des Unternehmens wesentlich von den zukünftigen Ergebnissen, Leistungen oder Errungenschaften abweichen, die in solchen zukunftsgerichteten Aussagen ausdrücklich oder implizit enthalten sind. Zu diesen Risiken und anderen Faktoren gehören unter anderem die tatsächlichen Ergebnisse der Explorationstätigkeiten, Schwankungen der zugrunde liegenden Annahmen im Zusammenhang mit der Schätzung oder Realisierung von Bodenschätzen, die Verfügbarkeit von Kapital für die Finanzierung von Programmen und die daraus resultierende Verwässerung durch die Kapitalbeschaffung durch den Verkauf von Aktien, Unfälle, Arbeitskämpfe und andere Risiken des Bergbaus, einschließlich, aber nicht beschränkt auf die mit der Umwelt verbundenen Risiken, Verzögerungen bei der Einholung behördlicher Genehmigungen, Genehmigungen oder Finanzierungen oder bei der Fertigstellung von Entwicklungs- oder Bautätigkeiten, Rechtsstreitigkeiten oder Einschränkungen des Versicherungsschutzes. Obwohl das Unternehmen versucht hat, wichtige Faktoren zu identifizieren, die dazu führen könnten, dass tatsächliche Handlungen, Ereignisse oder Ergebnisse wesentlich von den in zukunftsgerichteten Aussagen beschriebenen abweichen, kann es andere Faktoren geben, die dazu führen, dass Handlungen, Ereignisse oder Ergebnisse nicht wie erwartet, geschätzt oder beabsichtigt sind. Es kann nicht garantiert werden, dass sich solche Aussagen als richtig erweisen, da die tatsächlichen Ergebnisse und zukünftigen Ereignisse wesentlich von den in solchen Aussagen erwarteten abweichen können. Obwohl das Unternehmen davon ausgeht, dass die in solchen zukunftsgerichteten Aussagen geäußerten Erwartungen auf vernünftigen Annahmen beruhen, kann es keine Garantie dafür geben, dass seine Erwartungen erfüllt werden. Zukunftsgerichtete Informationen unterliegen bestimmten Risiken, Trends und Unsicherheiten, die dazu führen können, dass die tatsächlichen Ergebnisse wesentlich von den prognostizierten abweichen. Viele dieser Faktoren liegen außerhalb der Kontroll- und Prognosefähigkeit des Unternehmens. Wichtige Faktoren, die dazu führen können, dass die tatsächlichen Ergebnisse wesentlich voneinander abweichen und sich auf das Unternehmen und die in dieser Pressemitteilung enthaltenen Aussagen auswirken könnten, sind in den Unterlagen des Unternehmens bei der Securities and Exchange Commission enthalten. Das Unternehmen übernimmt keine Verpflichtung, zukunftsgerichtete Aussagen zu aktualisieren oder zu ergänzen, sei es aufgrund neuer Informationen, zukünftiger Ereignisse oder aus anderen Gründen. Dementsprechend sollten sich die Leser nicht übermäßig auf zukunftsgerichtete Aussagen in dieser Pressemitteilung und in allen Dokumenten, auf die in dieser Pressemitteilung Bezug genommen wird, verlassen. Diese Pressemitteilung stellt weder ein Angebot zum Verkauf noch die Aufforderung zur Abgabe eines Angebots zum Kauf von Wertpapieren dar.

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Tax Loss Buying Candidate Kutcho Copper Completes 2018 Drill Program; FS Scheduled For Q2 2019

  1. Introduction

Although Kutcho Copper remains under the radar of most it seems, it doesn’t seem to lose a lot of time, and continues doing the heavy lifting in order to advance their flagship project, the Kutcho high grade copper-zinc project in British Columbia, Canada. Backed by a financial package arranged with Wheaton Precious Metals, Kutcho completed their 2018 drilling and exploration campaign at the end of October as planned (winterbreak), and is processing all data now. A Feasibility Study (FS) is planned for the end of Q2, 2019. Their blockchain initiative MineHub isn’t shelved either, and management intends to publish a news release with current developments and partner names within a few weeks from now.  

All presented tables are my own material, unless stated otherwise.

All pictures are company material, unless stated otherwise.

All currencies are in US Dollars, unless stated otherwise.

Please note: the views, opinions, estimates or forecasts regarding Kutcho’s performance are those of the author alone and do not represent opinions, forecasts or predictions of Kutcho or Kutcho’s management. Kutcho has not in 

any way endorsed the information, conclusions or recommendations provided by the author.

  1. Update

The Kutcho Copper project appears to be managed very timely and professionally, but the markets fail to recognize what exactly is being done here. With a profitable (post-tax IRR of 28% @$2.75/lb copper, @$1.10/lb zinc) project that has a post-tax 2017 PFS NPV8 of C$265M, which is 18 times bigger than its current market cap, Kutcho deserves better instead of this chart in my view: 

Figure 2. Share price over 1 year period

As mentioned in former analysis, the share price indeed went down last week at the peak of tax loss selling as expected, and one seller even brought down the stock to C$0.20 by then, which was a golden buying opportunity in my view. CEO Sorace didn’t like the cheap pricing of the last few months at all, and had a shareholder rights plan adopted by the Board of Directors (BoD), shareholders and the TSX Venture. According to the accompanying news release, this is what it was about:

"The SRP has been adopted to ensure, to the extent possible, that all shareholders of the Company are treated fairly and equally in connection with any unsolicited take-over bid or other acquisition of control of the Company, and that the Board is provided with adequate time to consider and evaluate such a take-over bid or other acquisition and, if appropriate, identify, develop and negotiate any value-enhancing alternatives. Furthermore, the SRP will allow the Board to pursue, if appropriate, other alternatives to maximize shareholder value and to allow additional time for competing bids to emerge."

In short, it gives management and BoD time and options to fight a hostile take over attempt. Such an attempt isn’t unrealistic, as there are very few economic copper deposits around, and the outlook for the metal is still very robust.

The copper price remains sideranging at US$2.68/lb Cu, as trade war concerns seem to dominate commodity demand, and zinc trades at US$1.16/lb Zn. The fundamentals for copper are still very strong for the next 3 years, with a 5-10Mt deficit expected by 2021. Zinc is developing/behaving differently, as it is less fragmented as a market, warehouse inventories have impact, smelters have even more impact on pricing and basically control the zinc market anyway.

Whereas competing base metal prices are falling left and right as far as profitability of their projects is concerned, the Kutcho project isn’t losing any profitability at the moment as the base case metal prices were almost set at today’s prices. It is very rare to see this happening for a base metal project these days, and shows the strength of its economics. Updating of tonnage is on its way, and will likely be a significant improvement regarding the current 10.4Mt. Improving recoveries of copper and zinc, higher metal prices and further optimization of for example mine plan and opex could help economics even more. As the Canadian Dollar loses strength toward the US Dollar as the Canadian economy is dependent on the dropping oil price, FX effects might help as well in the future. 

In the meantime, Kutcho has been busy on all fronts.

  1. Exploration results

Their 2018 drill program involving nearly 11,000m ( 7,000m of geotechnical drilling and 3,850m of infill/expansion, both at the Main Zone and Esso) has been completed at the end of October of this year, and the FS data collection has been completed mid October, all according to plan. Metallurgical results are expected in February 2019.

I would like to highlight a number of assays and sections from a series of news releases involving the 2018 drill program. For a better understanding, here is a 3D model of the 3 deposits Main, Sumac and Esso: 

Figure 3. 3D model

Looking at the orebodies in a bit more detail, the plan and 3D section including drill holes are represented like this (taken from the 2017 PFS): 

Figure 4. Solids

And as a reminder, here is a table that indicates the increased tonnage at Main by lowering the cut-off grade from 1.5% Cu to 1.0% Cu:

Figure 5. Main Zone resource

The 2017  Main Zone Reserves figure shows 8.1Mt @ 2.59% CuEq, but in my view this is likely to increase towards a pretty conservatively estimated 11Mt figure after using the lowered cut-off. The Esso resource figures stand at 2.3Mt @4.05% CuEq Probable Reserve, the Esso M&I resource stands at 2.4Mt @ 4%, so there was hardly any dilution when converting from resources to reserves at Esso so far. Therefore, total Probable Reserves are likely going to 13.4Mt just based on this data.

The Sumac Inferred Resource stands at 4.8Mt @1.7%CuEq.

Let’s have a look at the results.

First of all there was a very strong infill intercept on Esso:

Figure 6. Esso drill results

This intercept can be seen here:

Figure 7. KC18-038-W1

Infill intercepts don’t look spectacular but they are also adding tonnes as they can fill in areas that are outside the existing circles of influence of the current resource estimate. Such a hole is capable of adding 40-50kt for example.

Further drilling at Esso delivered an extension at depth, indicating a new high grade stringer zone, although of relatively limited size and grade. My estimate about this is that it could add 300-500kt if it extends over a length of 200-300m alongside the edge of the current deposit. A table with highlights of Esso and Main drilling looks like this: 

Figure 8. Esso and Main Zone results

Drill hole KC18-225-W1 can be seen here in this section:

Figure 9. KC18-225-W1

Together with these Esso results, numerous Main assays showed great continuity of mineralization, as can be observed for example in this section, and will undoubtedly add tonnage:

Figure 10. KC18-239

The next set of reported results indicated further confirmation of continuity and high grade, as can be seen in the following table and section: 

Figure 11. Main Zone results

Figure 12. KC18-235

The confirmation of the high grade parts of Main is a nice to have, but not very important, as most assays are spread out evenly for copper, with a coefficient of variation (CV) of 0.9 which is very good. Usually, a CV of 2.0 is a base level, and values above 5 are seen as risky. The solid distribution can be observed in this chart taken from the 2017 PFS:

Figure 13. Copper assay distribution

It is good to see the Main Zone seems to hold up well for higher grade mineralization though. For illustration purposes, the distribution of high grade pods looks like this:

Figure 14. Grade models

The next set of results on Main indicated an extension of mineralization of 50m down dip, along strike over a 250m distance, represented by hole KC18-282:

Figure 15. Main Zone results

As can be seen in the next section, it is a thin extension and probably the end of the mineralized orebody, but still capable of adding 250-500kt:

Figure 16. KC18-282

Further step out drilling at Main at depth confirmed the earlier mentioned 250m wide extension of 40-50m along strike, for example by KC18-285, and other holes like KC18-277 which didn’t intercept economic mineralization at 25-30m further along strike from the last mineralized hole indicated the boundary at depth for Main in my view, limiting further potential at depth. Here is the table:

Figure 17. Main Zone results

Here are the sections, indicating KC18-277 and KC18-285:

Figure 18. KC18-277

Figure 19. KC18-285

Of course it is never easy to guesstimate as a non-geologist what the additional tonnage could be without all results and the necessary software at my fingertips, but in my view an estimated 13.4Mt after lowering the cut-off could be increased by a conservatively estimated 0.5-1Mt expansion, and another 0.5-1Mt because of infill drilling. The upcoming resource update could therefore show larger Reserves, to the tune of an estimated 15Mt, which will result in an increased NPV8 of course.

Figure 20. Sensitivity analysis

I am curious if Kutcho can come close to my estimated 15Mt or even higher. This is below my initial estimate of 20Mt, but it is already a deeply undervalued play, as an after tax NPV8 of C$265M based on just 10.4Mt is 18 times current market cap as mentioned. C$314M is 21 times market cap, and C$361M is 24 times market cap. You just don’t see such numbers involving solid projects around very often, if ever.

  1. Conclusion

Kutcho Copper is priced as if there are serious issues, but there seems to be none, as permitting is going smoothly with very good working relationships with the First Nations, and drill results at the very least seem to confirm PFS mineralization so far.

It puzzles me, it puzzles management, which felt it could do no else than protecting the company with a shareholder rights plan, as Kutcho wasn’t set up to let it go early on the cheap. When mining sentiment turns, this company should be one to benefit, as in my opinion its fundamentals are among the strongest of all mining projects out there. As the stock seems to have bottomed out during tax loss selling season in mid December, I see Kutcho Copper as a solid buying opportunity. 

I hope you will find this article interesting and useful, and will have further interest in my upcoming articles on mining. To never miss a thing, please subscribe to my free newsletter on my website www.criticalinvestor.eu, in order to get an email notice of my new articles soon after they are published.

Disclaimer:

The author is not a registered investment advisor, currently has a long position in this stock, and Kutcho Copper is a sponsoring company. All facts are to be checked by the reader. For more information go to www.kutcho.ca and read the company’s profile and  official documents on www.sedar.com, also for important risk disclosures. This article is provided for information purposes only, and is not intended to be investment advice of any kind, and all readers are encouraged to do their own due diligence, and talk to their own licensed investment advisors prior to making any investment decisions.  

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White Gold erweitert Discovery Hole auf 22,5 g/t Gold und 154,0 g/t Silber über 30,5 m, neue Schürfe mit 66,39 g/t Gold und 302 g/t Silber über 5 m, einschließlich 109,9 g/t Gold und 486,4 g/t Silber über 3 m bestätigen die Kontinuität der Zone auf Vertig

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (das "Unternehmen" – http://www.commodity-tv.net/c/search_adv/?v=298689 ) freut sich, zusätzliche Reverse Circulation ("RC") Bohrergebnisse und Grabungsergebnisse vom Vertigo-Ziel auf dem Grundstück JP Ross, Yukon, Kanada, bekannt zu geben. Diese Ergebnisse beinhalteten eine signifikante Erweiterung des Bohrlochs Reverse-Air-Blast ("RAB"), das die Mineralisierung in der Tiefe erweiterte und auf eine tiefere Zone mit hochwertigem Gold traf. Die durchgeführte Grabung definierte die Mineralisierung bei Vertigo weiter und ermöglicht die Extrapolation der zuvor identifizierten Goldzonen auf weitere Bohrziele.

Karten zu dieser Pressemitteilung finden Sie unter:  http://whitegoldcorp.ca/investors/exploration-highlights/

Zu den Highlights gehören:

  • JPRVERRC18-013 ergab 18,59 g/t Au und 188,8 g/t Ag über 6,10 m aus 24,38 m Tiefe, einschließlich 59,5 g/t Au und 439 g/t Ag über 1,52 m aus 27,43 m Tiefe. Das Bohrloch stieß auch auf eine zusätzliche Mineralisierungszone in 44,2 m Tiefe, die 6,82 g/t Au über 4,57 m ergab, darunter 18,5 g/t Au über 1,52 m aus 44,2 m Tiefe. Der gesamte Abschnitt, der als Fortsetzung des zuvor angekündigten RAB-Bohrlochs JPRVERRAB18-0014 gebohrt wurde, beträgt 22,47 g/t Au über 30,46 m von der Oberfläche entfernt, wobei die einzelnen Proben von 2,00 bis 60,4 g/t Au und Spuren bis 388 g/t Ag reichten.
  • 3 Schürfgräben abgeschlossen, von denen jeder eine signifikante Mineralisierung aufweist, einschließlich des Schürfgrabens JPRVERTR18-002, der Ergebnisse von 66,39 g/t Au und 302 g/t Ag über 5 m lieferte, einschließlich 109,93 g/t Au und 486,4 g/t Ag über 3 m.
  • Grabenarbeiten haben einen kontinuierlichen Körper mit hochgradiger Mineralisierung identifiziert, der über eine Streichlänge von 55 m verfolgt wurde, die sich bis zu einer Mindesttiefe von 30 m erstreckt, basierend auf durchgeführten Bohrversuchen. Diese Struktur ist eine von mindestens 12 mineralisierten Strukturen, die bisher auf dem Vertigo-Ziel innerhalb eines Zielgebiets von 1.500 m x 650 m identifiziert wurden.
  • Zusätzliche Bohrungen, Prospektionen und Bodenproben wurden auch entlang des 14 km langen Strukturtrends durchgeführt, der die Entdeckung von Vertigo beherbergt, mit dem Ziel, eine ähnlich hochgradige Goldmineralisierung zu identifizieren. Die Ergebnisse dieser Erkundungsarbeiten werden zu gegebener Zeit veröffentlicht.

"Spektakulär hochwertige Goldwerte werden konsequent aus dem Vertigo-Trend gewonnen, und diese Grabenergebnisse bestätigen unser Modell einer starken Strukturkontrolle. Nur wenige Monate nach der ersten Entdeckung haben wir den Trend und das Eintauchen der goldhaltigen Zonen erfolgreich definiert. Diese Ergebnisse liefern ein besseres Verständnis von Vertigo und zeigen, dass die Mineralisierung umfangreicher ist als bisher angenommen," so Rob Carpenter, Direktor des Unternehmens. "Der Schürfgraben hat uns wichtige Erkenntnisse über die Richtung und Ausrichtung der hochgradigen Mineralisierung gegeben, die wir genutzt haben, um die Prospektionstätigkeit außerhalb des Hauptzielgebiets abzuschließen und wir freuen uns darauf, diese Ergebnisse zu gegebener Zeit vorzulegen. Unser Programm 2019 zielt darauf ab, die Geometrie dieser flachen Goldzonen zu erweitern, wobei unser oberstes Ziel darin besteht, die Kontinuität von Grad und Trend zu veranschaulichen. Der Umfang und die Grundfläche der Vertigo-Zonen und der Änderungshalos deuten darauf hin, dass das System das robusteste Goldsystem darstellen könnte, das bisher im White Gold Bezirk entdeckt wurde.”

Erweiterung des Discovery-Bohrlochs

Das Entdeckungsloch JPRVERRAB18-014 durchschnitt 23,44 g/t Au und 144,75 g/t Ag über 24,38 m von der Oberfläche entfernt, endete in einer Mineralisierung und wurde mit einem RC-Bohrer auf 79,25 m verlängert. JPRVERRC18-013 (Az: 180, Dip: -60, Depth: 24.38 – 71.63) wurde als Fortsetzung des bereits angekündigten RAB-Lochs JPRVERRAB18-014 gebohrt. Das Bohrloch ergab 6,10 m mit 18,59 g/t Au und 188,80 g/t Ag aus 24,38 m Tiefe; einschließlich 59,5 g/t Au und 439,00 Ag über 1,52 m aus 27,43 m Tiefe. In Kombination mit JPRVERRAB-014 beträgt der Gesamtabscheidegrad 22,47 g/t Au und 154,00 g/t Ag über 30,46 m von der Oberfläche, wobei die einzelnen 1,52 m Proben von 2,00 – 60,4 g/t Au reichen.

Zusätzlich gibt es eine zweite Mineralisierungszone innerhalb von JPRVERRC18-013, die 6,82 g/t Au und 6,80 g/t Ag über 4,57 m aus 44,20 m Tiefe zurückgibt; einschließlich 18,5 g/t Au und 12,90 g/t Ag über 1,52 m aus 44,20 m Tiefe. Eine zusammenfassende Tabelle der Bohrungen RAB14/RC13 ist nachstehend aufgeführt:

Die Interpretation der Ergebnisse ist im Gange und es gibt derzeit nicht genügend Informationen, um die tatsächliche Dicke der mineralisierten Zonen abzuschätzen.

Grabungsergebnisse

Auf Vertigo wurde ein Programm mit 3 Schürfgräben über 63 m Länge durchgeführt, um die oberflächennahe, hochgradige Goldmineralisierung zu verfolgen, die in zuvor berichteten Bohrlöchern RAB (JPRVERRAB18-014) und RC (JPRVERRC18-006) durchschnitten wurde. Alle Schürfgräben wurden mit einem schlagarmen, heliportablen Bagger in den Fels gehoben. Die Gesteinstiefen liegen bei ca. 1 – 1,5 m Tiefe, und es wurden kontinuierliche 1 m Kanalproben aus dem Untergrund am Boden der Gräben entnommen. Die einzelnen Assays für Grabenproben reichten von Spuren bis 157,7 g/t Au und von Spuren bis 718 g/t Ag. Die Highlights sind im Folgenden zusammengefasst:

Die Mineralisierung innerhalb der Gräben besteht aus einer Reihe von bis zu 1 m dicken Quarzadern, die mit Arsenopyrit-Galenat-Pyrit und lokal sichtbarem Gold durchsetzt sind. Diese treten innerhalb einer breiteren Brekzienzone und einer starken Serizitumwandlung über eine Dicke von 5-7 m auf und bilden einen kontinuierlichen Körper mit hochwertiger Mineralisierung, der über eine Streichlänge von 55 m und eine Tiefe von mindestens 30 m bei den in diesem Gebiet durchgeführten RAB/RC-Bohrungen verfolgt wurde. Zusätzliche, subparallele Zonen frakturkontrollierter Mineralisierung, Quarzvenenneigung und/oder Brekzien erstrecken sich bis zu 30 m über den "hochgradigen Kern" hinaus. Insgesamt wird die Mineralisierung so interpretiert, dass sie entlang einer nordwestlich markanten, steil nach Süden abfallenden Strukturzone auftritt, die sowohl entlang des Streichs als auch entlang des Dip offen ist. Diese Struktur ist eine von mindestens 12 mineralisierten Strukturen, die bisher auf Vertigo innerhalb eines 1.500 m x 650 m WNW-Trendgebiets identifiziert wurden. Im Jahr 2019 werden zusätzliche Graben- und Folgebohrungen über alle bekannten Zielstrukturen hinweg durchgeführt.

JPRVERTR18-001:

JPRVERTR18-001 befindet sich 5 m westlich von JPRVERRAB18-014 und seiner Fortsetzung RC18-013 und ist nach Süden ausgerichtet. Der Graben war 12 m lang und lieferte 16,94 g/t Au und 67,9 g/t Ag über 7 m aus 1 m Tiefe; einschließlich 23,29 g/t Au und 113,7 g/t Ag aus 2 m Tiefe.

JPRVERTR18-002:

JPRVERTR18-002 befindet sich 6m östlich von Graben 1 und ist nach Süden ausgerichtet. Der Graben war 22 m lang und lieferte 66,39 g/t Au und 302 g/t Ag über 5 m aus 4 m Tiefe; einschließlich eines 3 m langen Kerns mit 109,93 g/t Au und 486,4 g/t Ag aus 5 m Tiefe. Eine zusätzliche Mineralisierungszone wurde ebenfalls 11 m südlich des oberen Abschnitts durchschnitten und lieferte 50,5 g/t Au und 80,6 g/t Ag über 1 m aus 20 m Tiefe des Grabens.

JPRVERTR18-003:

JPRVERTR18-003 befindet sich ca. 40m südöstlich von JPRVERTR18-003 und ist nach Süden ausgerichtet. Der Graben war 29 m lang und lieferte 20,79 g/t Au und 107,1 g/t Ag über 8 m aus 15 m Tiefe; einschließlich 32,28 g/t Au und 157 g/t Ag über 5 m aus 18 m Tiefe. Eine zusätzliche Mineralisierungszone wurde ebenfalls 9 m südlich des oberen Abschnitts durchschnitten, die 7,05 g/t Au und 48,9 g/t Ag über 2 m von 27 m unterhalb des Grabens zurückgab.

Vertigo Target – JP Ross Vorkommen

Das Vertigo Target befindet sich auf dem Grundstück JP Ross, das sich aus 2.850 Quarz-Claims zusammensetzt, die über 57.000 Hektar mit mindestens 14 bekannten Zielgebieten und zahlreichen goldhaltigen Bachläufen umfassen.  Zuvor angekündigte Bohrergebnisse im Vertigo-Zielbereich von Spuren bis 56,25 g/t Au über 3,05 m innerhalb eines breiteren Abschnitts von 17,34 g/t Au über 10,67 m aus 3,05 m Tiefe (JPRVERRAB18-001); 45,00 g/t Au über 3,05 m aus 1,52 m Tiefe innerhalb eines breiteren Abschnitts von 9,65 g/t Au über 15,24 m (JPRVERRAB18-011); und 23,44 g/t Au über 24,37 m (JPRVERRAB18-014). Bei weiteren Explorationen in dem Gebiet traten auch mehrere hochgradige Greifproben auf, darunter 139,9 g/t, 135,6 g/t und 132,9 g/t Au, die eine Streichenlänge von etwa 1,5 km auf dem Vertigo-Ziel entlang eines 12 km langen mineralisierten Trends definieren. Das Vertigo Target liegt etwa 25 km nördlich des Flaggschiffs Weißgoldgrundstücks des Unternehmens und ist nur 2 km von einer bestehenden Straße entfernt, die von Dawson City aus zugänglich ist. Kürzlich abgesteckte und erworbene Claims angrenzend an das Grundstück befinden sich in einem produktiven Placer Mining Camp, in dem grobes Placer Gold üblich ist.

Bis heute sind auf dem Vertigo-Ziel über ein Gebiet von 1.500 m x 650 m mindestens 12 mineralisierte Strukturen erkannt worden, die aus W-NW-tendierenden, steil abfallenden Zonen von Quarzadern, Brekzien und frakturkontrollierter Mineralisierung mit einer Verbreitung auf aderkontrollierte Pyrit-Arsenopyrit-Galena und lokal sichtbarer Goldmineralisierung bestehen. Bisherige Bohrversuche haben die Mineralisierung über 500 m Streichenlänge bestätigt, die entlang des Streichs und in der Tiefe offen ist.

Über White Gold Corp.

Das Unternehmen besitzt ein Portfolio von 21.218 Quarzforderungen auf 34 Grundstücken mit einer Fläche von über 423.000 Hektar, was über 40% des Weißgoldbezirks des Yukon entspricht. Das Flaggschiff der Liegenschaft White Gold des Unternehmens verfügt über eine Mineralressource von 960.970 Unzen, die mit 2,43 g/t Gold und 282.490 Unzen, die mit 1,70 g/t Gold abgezogen wurden, wie im technischen Bericht "Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada" vom 5. März 2018 dargelegt, der unter dem Profil des Unternehmens auf SEDAR hinterlegt wurde. Die Mineralisierung auf Golden Saddle und Arc geht bekanntlich auch über die Grenzen der aktuellen Ressourcenschätzung hinaus. Regionale Explorationsarbeiten haben auch mehrere andere potenzielle Ziele für die Claims des Unternehmens hervorgebracht, die an beträchtliche Goldfunde grenzen, darunter das Kaffeeprojekt von Goldcorp Inc. (TSX: G, NYSE:GG) mit einer M&I-Goldressource(1) von 4,1 Mio. Unzen und dem Casino-Projekt der Western Copper and Gold Corporation, das P&P-Goldreserven(1) von 8,9 Mio. Unzen Au und 4,5 Mrd Pfund Cu aufweist. Für weitere Informationen besuchen Sie www.whitegoldcorp.ca.

(1) Die notierte Mineralisierung ist die vom Eigentümer jeder Liegenschaft offenbarte und ist nicht notwendigerweise ein Hinweis auf die Mineralisierung, die auf dem Grundstück des Unternehmens vorgefunden wird.

QA/QC

Die analytischen Arbeiten für das Programm 2018 wurden von Bureau Veritas Commodities Canada Ltd. in seinem Labor in Vancouver, British Columbia, durchgeführt, einem international anerkannten Analysedienstleister. Die Probenvorbereitung erfolgte in Whitehorse, Yukon. Alle GT Probe-, RAB-, RC- und Diamantkernproben wurden mit dem Verfahren PRP70-250 (Crush, Split und Pulverisierung von 250 g bis 200 mesh) hergestellt und mit dem Verfahren FA430 (30 g Brandassay mit AAS-Finish) und AQ200 (0,5 g, Aqua regia Aufschluß und ICP-MS-Analyse) analysiert. Proben mit einem Gehalt von >10g/t Au wurden mit der Methode FA530 (30g Fire Assay mit gravimetrischer Oberfläche) neu analysiert. Die Metall-Siebanalyse kann auch verwendet werden, wenn eine grobe Goldmineralisierung vorliegt (FS600).

Die Arbeiten wurden mit Hilfe von Industriestandards durchgeführt, darunter ein Qualitätssicherungs-/Qualitätskontrollprogramm (QA/QC), das aus der regelmäßigen Einführung von zertifizierten Standards und Blanks in den Probenstrom besteht. Die qualifizierte Person hat bei der Überprüfung der Daten keine signifikanten QS/QC-Probleme festgestellt.

Qualifizierte Person

Jodie Gibson, P.Geo. und Vice President of Exploration für das Unternehmen, ist eine "qualifizierte Person" im Sinne von National Instrument 43-101 ("NI 43-101") und hat den Inhalt dieser Pressemitteilung überprüft und genehmigt.

Vorsichtshinweis zu zukunftsgerichteten Informationen

Diese Pressemitteilung enthält "zukunftsgerichtete Informationen" und "zukunftsgerichtete Aussagen" (zusammen "zukunftsgerichtete Aussagen") im Sinne der geltenden kanadischen Wertpapiergesetzgebung. Alle Aussagen, mit Ausnahme von Aussagen über historische Fakten, sind zukunftsgerichtete Aussagen und basieren auf Erwartungen, Schätzungen und Prognosen zum Zeitpunkt dieser Pressemitteilung. Jede Aussage, die Diskussionen in Bezug auf Vorhersagen, Erwartungen, Überzeugungen, Pläne, Prognosen, Ziele, Annahmen, zukünftige Ereignisse oder Leistungen beinhaltet (oft, aber nicht immer unter Verwendung von Formulierungen wie "erwartet" oder "erwartet nicht", "wird erwartet", "erwartet" oder "antizipiert" oder "nicht erwartet", "plant" oder "vorgeschlagen", "Budget", "geplant", "Prognosen", "Schätzungen", "glaubt" oder "beabsichtigt" oder Variationen solcher Wörter und Formulierungen oder die Feststellung, dass bestimmte Handlungen, Ereignisse oder Ergebnisse "kann" oder "könnte", "würde", "könnte" oder "wird" durchgeführt werden oder erreicht werden) sind keine Aussagen über historische Fakten und können zukunftsgerichtete Aussagen sein. In dieser Pressemitteilung beziehen sich zukunftsgerichtete Aussagen unter anderem auf: den erwarteten Nutzen für das Unternehmen und seine Aktionäre unter Berücksichtigung der Ziele, Ziele und Explorationsaktivitäten des Unternehmens, die auf dem Weißen Gold und anderen Grundstücken durchgeführt und vorgeschlagen werden; das zukünftige Wachstumspotenzial des Unternehmens, einschließlich der Frage, ob weitere Mineralressourcen gemäß NI 43-101 auf einem der Grundstücke des Unternehmens erschlossen werden; die Explorationsergebnisse und zukünftige Explorationspläne.

Diese zukunftsgerichteten Aussagen basieren auf vernünftigen Annahmen und Schätzungen des Managements des Unternehmens zum Zeitpunkt der Erstellung dieser Aussagen. Die tatsächlichen zukünftigen Ergebnisse können erheblich voneinander abweichen, da zukunftsgerichtete Aussagen bekannte und unbekannte Risiken, Unsicherheiten und andere Faktoren beinhalten, die dazu führen können, dass die tatsächlichen Ergebnisse, Leistungen oder Errungenschaften des Unternehmens wesentlich von den zukünftigen Ergebnissen, Leistungen oder Errungenschaften abweichen, die in solchen zukunftsgerichteten Aussagen ausdrücklich oder implizit zum Ausdruck kommen. Zu diesen Faktoren gehören unter anderem: der erwartete Nutzen für das Unternehmen im Zusammenhang mit der Exploration, die auf dem Gelände des Weißen Goldes und anderen Grundstücken durchgeführt und vorgeschlagen wurde; das Versäumnis, zusätzliche Mineralressourcen zu erweitern oder zu identifizieren; die vorläufige Natur der metallurgischen Testergebnisse; Unsicherheiten in Bezug auf die Verfügbarkeit und die Kosten der in Zukunft benötigten Finanzierung, einschließlich der Finanzierung von Explorationsprogrammen auf dem Gelände des Weißen Goldes und den anderen Grundstücken des Unternehmens; Geschäftsintegrationsrisiken; Schwankungen der allgemeinen makroökonomischen Bedingungen; Schwankungen an den Wertpapiermärkten; Schwankungen der Spot- und Terminpreise für Gold, Silber, Basismetalle oder bestimmte andere Rohstoffe; Schwankungen der Devisenmärkte (wie der Wechselkurs des Kanadischen Dollars zum US-Dollar); Veränderungen in der nationalen und lokalen Regierung, der Gesetzgebung, der Besteuerung, der Kontrollen, der Vorschriften und der politischen oder wirtschaftlichen Entwicklungen; Risiken und Gefahren im Zusammenhang mit der Mineralexploration, der Erschließung und dem Bergbau (einschließlich Umweltgefahren, Industrieunfällen, ungewöhnlichem oder unerwartetem Formationsdruck, Höhleneing und Überschwemmungen); Unfähigkeit, eine angemessene Versicherung zur Abdeckung von Risiken und Gefahren zu erhalten; das Vorhandensein von Gesetzen und Vorschriften, die Beschränkungen für die Mineralexploration und den Bergbau auferlegen können; Arbeitnehmerbeziehungen; Beziehungen zu und Ansprüche von lokalen Gemeinschaften und indigenen Bevölkerungsgruppen; Verfügbarkeit steigender Kosten im Zusammenhang mit Bergbauinvestitionen und Arbeit; die spekulative Natur der Mineralexploration und -entwicklung (einschließlich der Risiken, die mit dem Erhalt notwendiger Lizenzen, Genehmigungen und Genehmigungen von Regierungsbehörden verbunden sind); die Unwahrscheinlichkeit, dass die erforschten Grundstücke letztendlich zu Minen entwickelt werden; geologische Faktoren; tatsächliche Ergebnisse der aktuellen und zukünftigen Exploration; Änderungen der Projektparameter, wenn Pläne weiterhin bewertet werden; Ergebnisse von Bodenprobenahmen, die vorläufiger Natur sind und keinen schlüssigen Nachweis für die Wahrscheinlichkeit einer Mineralvorkommen; Eigentumsrechte an Grundstücken; und jene Faktoren, die unter der Überschrift "Risiken und Unsicherheiten" in der jüngsten Diskussion und Analyse des Managements des Unternehmens beschrieben sind. Obwohl die in dieser Pressemitteilung enthaltenen zukunftsgerichteten Aussagen darauf beruhen, was das Management des Unternehmens für vernünftige Annahmen hält oder zu diesem Zeitpunkt für vernünftig hielt, kann das Unternehmen den Aktionären nicht garantieren, dass die tatsächlichen Ergebnisse mit diesen zukunftsgerichteten Aussagen übereinstimmen, da es andere Faktoren geben kann, die dazu führen, dass die Ergebnisse nicht den Erwartungen, Schätzungen oder Absichten entsprechen. Dementsprechend sollten sich die Leser nicht übermäßig auf zukunftsgerichtete Aussagen und Informationen verlassen. Es kann nicht garantiert werden, dass sich zukunftsgerichtete Informationen oder die wesentlichen Faktoren oder Annahmen, die bei der Entwicklung solcher zukunftsgerichteter Informationen verwendet werden, als richtig erweisen. Das Unternehmen übernimmt keine Verpflichtung, Änderungen zur Aktualisierung freiwilliger zukunftsgerichteter Aussagen öffentlich freizugeben, es sei denn, dies ist nach geltendem Wertpapierrecht erforderlich.

Weder die TSX Venture Exchange (die "Exchange") noch ihr Regulierungsdienstleister (wie dieser Begriff in den Richtlinien der Exchange definiert ist) übernehmen die Verantwortung für die Angemessenheit oder Genauigkeit dieser Pressemitteilung.

Kontaktinformationen:

David D’OnofrioChief
 Executive OfficerWhite
 Gold Corp.
(416) 643-3880
ir@whitegoldcorp.ca

In Europa:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch 

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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

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company” – http://www.commodity-tv.net/c/search_adv/?v=298556) 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.

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.

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: -60o, 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: -60o, 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: -60o, 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: -60o, 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: -60o, 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 structures are recognized on the Vertigo target over a 1500m x 650m area, and consist of W-NW trending, steeply dipping zones of quartz veining, brecciation, and fracture-controlled mineralization with disseminated to vein-controlled pyrite-arsenopyrite-galena and, locally, visible gold mineralization. Drill testing to date has validated the mineralization over 305m of strike length and it is open along strike and at depth.

About White Gold Corp.

The Company owns a portfolio of 21,218 quartz claims across 34 properties covering over 423,000 hectares representing over 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 282,490 ounces Inferred at 1.70 g/t gold as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. (TSX: G, NYSE:GG) with a M&I gold resource(1) of 4.1M oz and Western Copper and Gold Corporation’s Casino project which has P&P gold reserves(1) of 8.9M oz Au and 4.5B lb Cu. For more information visit www.whitegoldcorp.ca.

(1)           Noted mineralization is as disclosed by the owner of each property respectively and is not necessarily indicative of the mineralization hosted on the Company’s property.

QA/QC

The analytical work for the 2018 program has been performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory.  Sample preparation was carried out at its Whitehorse, Yukon facility. All GT Probe, RAB, RC, and diamond core samples were prepared using procedure PRP70-250 (crush, split and pulverize 250 g to 200 mesh) and analyzed by method FA430 (30g fire assay with AAS finish) and AQ200 (0.5g, aqua regia digestion and ICP-MS analysis). Samples containing >10g/t Au were reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encounter (FS600).

The work was completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the regular insertion of certified standards and blanks into the sample stream. The qualified person detected no significant QA/QC issues during review of the data.

Qualified Person

Jodie Gibson, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 (“NI 43-101”) and has reviewed and approved the content of this news release. 

Cautionary Note Regarding Forward Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated benefits to the Company and its shareholders respecting the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the White Gold and other properties; future growth potential of the Company, including whether any further mineral resources will be established in accordance with NI 43-101 at any of the Company’s properties; exploration results; and future exploration plans.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold and other properties; failure to expand or identify any additional mineral resources; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the White Gold properties and the Company’s other properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mineral exploration and mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading "Risks and Uncertainties" in the Company’s most recently filed management’s discussion and analysis. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the TSX Venture Exchange (the “Exchange”) nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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White Gold Corp Acquires & Stakes Properties Around New Discovery on JP Ross Property, Yukon

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company" – http://www.commodity-tv.net/c/search_adv/?v=298556 ) is pleased to announce that it has reached agreement to acquire a 100% interest in a portfolio of mining claims comprising the Henderson, Flow/Work Creek and Birdman properties (collectively, the “Properties”) from Independence Gold Corp. (TSX.V: IGO) (“IGO”) in exchange for an aggregate cash payment of $35,000, 160,000 common shares in the capital of the Company (the “Shares”), and two 1% net smelter return (“NSR”) royalties on the Properties. The Properties are comprised of an aggregate of 920 claims representing approximately 18,000 hectares of land in the White Gold District. The Company has also staked 299 claims adjacent to the JP Ross and Hen properties (the “Staked Claims”). The acquisitions extend the Company’s land package immediately to the west and south of the Company’s JP Ross property in the area surrounding the recently announced discovery and increases the Company’s landholdings in the Yukon to 409,000 hectares. Maps further detailing the property locations can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

Under the terms of the agreements to acquire the Properties, IGO will maintain: (i) a 1.0% NSR royalty over the claims comprising the Henderson property, which can be purchased by the Company at any time for $2,000,000; and (ii) a 1.0% NSR royalty over the claims comprising the Flow/Work Creek property, which can be purchased by the Company at any time for $1,000,000. The Shares to be issued as partial consideration to IGO will be subject to a four month and one day regulatory hold period from the date of closing. The acquisition of the Properties is expected to close this week and remains subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the “Exchange”).

David D’Onofrio, Chief Executive Officer of the Company, stated, “The acquisition of these properties and claims add substantially to our holdings surrounding the recent exciting discovery on JP Ross and further expands our dominant position in the White Gold District.  We are looking forward to the additional results from the exploration conducted on JP Ross and our other targets to be released in due course”.

Newly Acquired and Staked Property Information

The acquisition of the Properties and the Staked Claims consolidates and expands the Company’s already substantial land position in the White Gold District and adds strategic land surrounding the site of the recent discovery at the Vertigo target.

The Henderson property is situated within a prolific placer mining camp. Abundant, coarse placer gold has been recovered from creek gravels that overlie inferred fault intersections at two places on North Henderson Creek. There are indications that known mineralized structures on the Companies JP Ross property continue onto the Henderson property.

The Staked Claims are immediately south of the Company’s JP Ross property in the area surrounding the Vertigo discovery. The Company staked 275 claims adjacent to the JP Ross property and 24 claims adjacent to the Company’s Hen property.

Included in the Properties are Flow/Work Creek and Birdman which are also contiguous to properties owned by the Company.

Upcoming Conferences

Management of the Company will be presenting at several upcoming conferences to provide a corporate update, answer questions and provide details on the recent discoveries and have also been selected for special group presentations as follows:

Precious Metals Summit

Beaver Creek, Colorado – September 20-22, 2018
Presentation: Thursday, September 20, 2018 at 3:30-3:45 PM in Room 1 – Heritage Hall, Ford Center
More Information: http://www.precioussummit.com/event/2018-summit-colorado/

Denver Gold Forum

Colorado Spring, Colorado – September 23-26, 2018
Presentation: Monday, September 24, 2018 at 4:45-5:00 PM in Broadmoor Hall F
More Information: https://www.denvergoldforum.org/

Please reach out to management if you would like to book a meeting at either of these conferences.

About White Gold Corp.

The Company owns a portfolio of 20,501 quartz claims across 30 properties covering over 409,000 hectares representing approximately 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 262,220 ounces Inferred at 1.70 g/t gold as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. (disclosed M&I gold resource of 4.1M oz) and Western Copper and Gold Corporation’s Casino project (disclosed P&P gold reserves of 8.9M oz Au and 4.5B lb Cu). The Company has outlined an aggressive exploration plan to further explore its properties. For more information visit www.whitegoldcorp.ca.

Qualified Person

Jodie Gibson, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and approved the content of this news release. 

Cautionary Note Regarding Forward Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated benefits to the Company and its shareholders respecting the acquisition of the Properties and the Staked Claims, timing and completion of the acquisition of the Properties, and the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the White Gold properties; future growth potential of the Company, including whether any mineral resource will be established in accordance with NI 43-101 at any of the Company’s properties; exploration results; and future exploration plans.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the acquisition of the Properties and the Staked Claims and the exploration conducted and proposed to be conducted at the White Gold properties; failure to identify mineral resources; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the White Gold properties and the Company’s other properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading "Risks and Uncertainties" in the Company’s most recently filed management’s discussion and analysis. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information:

David D’Onofrio
Chief Executive Officer
White Gold Corp.
(416) 643-3880
ddonofrio@whitegoldcorp.ca

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

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Interview with MotherlodeTV and CEO David D’Onoforio

On September 6, White Gold Corp. (V.WGO) put out a press release detailing the new discoveries at it’s “Ryan’s Showing” target. MotherlodeTV recently interviewed White Gold Corp. CEO, David D’Onofrio, about this satellite deposit in the White Gold District, Yukon.

Why is this Ryan’s Showing discovery so significant?

The high grades seen at the Ryan’s Showing are very exciting – the first hole intersected 20.64 g/t Au over 6.10m with individual assays ranging from 7.07 g/t to 39.8 g/t Au. This high grade combined with the fact that the mineralization is just 83.82m from surface and 2 km from our existing Golden Saddle deposit with a 1.2 M oz high-grade resource, makes this target very interesting. This is one of many targets on the White Gold property that has the potential to be a satellite deposit to the Golden Saddle deposit. As they say, the best place to find a deposit is near an existing deposit. Furthermore, the 2km of land on trend between the Golden Saddle and Ryan’s Showing has only had very limited historical exploration. We have identified several targets in this area and are testing some this year. Lidar imagery, DIGHEM and IP-Resistivity has shown this structure to be open along strike and at depth, and demonstrates the potential for multiple mineralized structures.

What is reverse circulation drilling and why do you use it to test new targets?

Reverse Circulation (RC) drilling is a fast, light-weight and cost-effective method of generating high quality samples which are eligible for inclusion of a resource calculation. RC drilling achieves better penetration than Rotary Air Blast (RAB) drilling, but is cheaper than diamond drilling, allowing us to complete more drill holes within a given time and monetary budget. Additionally, the environmental impacts of RC drilling are minimal as the drill is mounted on rubber tracks that do not disturb the ground.

How did you select “Ryan’s Showing” for drill testing. What features did it have before you brought in the drills? (And, yes, I did read the paragraph on Ryan’s Showing. Could we go even more basic?)

Rather than jump directly to costly drilling, our team uses a systematic approach to exploration. Given our massive land package this is critical; it’s simply not feasible to drill every target on each of our properties. Ryan’s Showing had all of the positive indicators, including geophysical structure as mapped with Lidar, geochemical soil anomalies and rock samples with high-grade gold. The presence of all of these characteristics made the Ryan’s Showing a viable drill target and the drill results confirmed this. This measured approach allows us to stretch exploration dollars further and test more targets each season.

In the release, Jodie (Jodie Gibson, P.Geo. and Vice President of Exploration) mentions “satellite deposits”. How many of these have you identified and, ballpark, what size are you looking for?

There is an old adage, “The best place to make a new discovery is near an existing discovery”.  We have seen this proven to be true over and over again, and we believe this to be the case on our White Gold property. One of the key ways we’re working to grow our existing 1.25M oz gold resource is through the exploration of the land surrounding the Golden Saddle for satellite deposits. There are 5-6 targets we are actively exploring right now, with many more in the queue. With the planned infrastructure improvements, including roads built directly to the White Gold property, even deposits of 250k-500k ounces become viable that are not very close to our existing resource. There are also opportunities to share infrastructure with nearby mines, such as Goldcorp’s mine which is scheduled to be in production by 2021, making satellite deposits more economical.

At this point, are you viewing Ryan’s Showing as part of the Golden Saddle “system” or are you considering it a “stand-alone” occurrence?

Ryan’s Showing is located 2 km away from the Golden Saddle deposit but is along the same trend, and while we believe it to part of the same system, it is a completely new mineralized zone. Ryan’s Showing is characterized by particularly high grades from shallow depths, with the discovery hole returning grades ranging from 7.07 g/t to 39.8 g/t Au, some of the highest ever in the Yukon. What is also very exciting is that the system is wide open and only very limited historical work has been done between the Golden Saddle and the Ryan Showing before this year. Additional results from this year’s exploration are pending and will be released in due course.

How much longer will White Gold be able to continue with this season’s exploration program – weather? Daylight? 

Drilling was well ahead of schedule which allowed us to expand our budget and get more exploration work done than originally planned. This is well timed as it will avoid scrambling to finish the program as the days get shorter and temperatures drop. Having achieved our exploration goals we are looking forward to taking the winter to digest this season’s results and sharper our plans for next season. With that said, however, we are set up to and will continue to work as long as it makes economic sense to do so as we are following up on a number of exciting opportunities.

About White Gold Corp.

The Company owns a portfolio of 19,606 quartz claims across 30 properties covering over 390,000 hectares representing approximately 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 262,220 ounces Inferred at 1.70 g/t gold as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. (disclosed M&I gold resource of 4.1M oz) and Western Copper and Gold Corporation’s Casino project (disclosed P&P gold reserves of 8.9M oz Au and 4.5B lb Cu). The Company has outlined an aggressive exploration plan to further explore its properties. For more information visit www.whitegoldcorp.ca.

QA/QC

The analytical work for the 2018 program has been performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory.  Sample preparation was carried out at its Whitehorse, Yukon facility. All GT Probe, RAB, RC, and diamond core samples were prepared using procedure PRP70-250 (crush, split and pulverize 250 g to 200 mesh) and analyzed by method FA430 (30g fire assay with AAS finish) and AQ200 (0.5g, aqua regia digestion and ICP-MS analysis). Samples containing >10g/t Au were reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encounter (FS600).

The work was completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the regular insertion of certified standards and blanks into the sample stream. The qualified person detected no significant QA/QC issues during review of the data.

Qualified Person

Jodie Gibson, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under NI 43-101 and has reviewed and approved the content of this news release. 

Cautionary Note Regarding Forward Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated benefits to the Company and its shareholders respecting the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the White Gold properties; future growth potential of the Company, including whether any further mineral resources will be established in accordance with NI 43-101 at any of the Company’s properties; exploration results; and future exploration plans.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; failure to expand or identify any additional mineral resources; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the White Gold properties and the Company’s other properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading "Risks and Uncertainties" in the Company’s most recently filed management’s discussion and analysis. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the TSX Venture Exchange (the “Exchange”) nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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White Gold Makes New High-Grade Gold Discovery Along Trend with Golden Saddle Deposit Including 20.64 g/t Au Over 6.1m & 5.02 g/t Au Over 13.2m at Ryan’s Showing Target on White Gold Property, Yukon

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company" – http://www.commodity-tv.net/c/search_adv/?v=298556) is pleased to announce that high-grade gold mineralization has been discovered at shallow depths on multiple drill holes on the Ryan’s Showing Target, located along trend with the Company’s flagship Golden Saddle deposit 2 KM to the west. The drill holes were completed using Reverse Circulation (“RC”) drilling which is used by the Company to drill shallow, sub-200m holes more cost efficiently than traditional exploration. The drilling was part of the Company’s 14,500m drill program focused on expansion of the existing gold resource on the White Gold property. This program includes expansion of the Golden Saddle deposit and exploration of nearby targets such as the Ryan’s Showing. A diamond drill will be moved to the discovery site to perform additional exploration. Images to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

Highlights Include:

  • Discovery hole WHTRYN18RC0001 intersected 20.64 g/t Au over 6.10m from 83.82m depth, with individual assays ranging from 7.07 g/t to 39.8 g/t Au.
  • WHTRYN18RC0002 intersected 5.02 g/t Au over 13.17 from 121.92m depth, including 9.25 g/t Au over 4.57m from 123.44m depth 100m to the west of the discovery hole.
  • Newly discovered mineralized zone is associated with an east-west oriented, north dipping, structure as shown in Lidar imagery, DIGHEM and IP-Resistivity, which remains open along strike and at depth, and demonstrates the potential for multiple mineralized structures.
  • Discovery situated on 800m x 115m soil anomaly with values from trace up to 1576 ppb Au, on trend with the Golden Saddle with the area between Ryan Showing and Golden Saddle deposit historically unexplored.  
  • Historic drill hole(1) in the area (WGRS11D0003) which was drilled subparallel to the structural trend returned 6.34 g/t Au over 6.56m from 159.44m depth
  • The Company continues to test similar targets as part of the program designed to expand the existing resource on the White Gold property.

“We are very excited about the discovery of a significant new high-grade gold zone 2 KM from the Golden Saddle. We have recognized the potential of satellite deposits near the Golden Saddle which would have the potential to greatly increase the size of the Company’s resource,” stated Jodie Gibson, VP Exploration of the Company.  “This is one of many promising targets on the White Gold property tested this year and we are looking forward to the additional results in due course.”

Ryan’s Showing Target, White Gold Property

The Ryan’s Showing is located approximately 2km west of the Golden Saddle deposit on the White Gold property and consists of gold in soil anomalies (trace to 1576 ppb Au) associated with a distinct east-west oriented, north dipping, structure visible in Lidar imagery, DIGHEM, and IP-Resistivity. One historic drill hole(1) in the area (WGRS11D0003) was drilled subparallel to the structural trend approximately 200m north west of WHTRYN18RC0001 which returned 6.34 g/t Au over 6.56m from 159.44m depth; indicating the potential for high grade mineralization in the area which has been confirmed by holes WHTRYN18RC0001 and WHTRYN18RC0002. The area along trend from the Golden Saddle deposit to the Ryan Showing has been historically unexplored. In 2018, the Company has performed some additional exploration along trend and results will be released in due course.

Discovery Drill Holes

Four drill holes totalling 681.22m were completed on the Ryan’s Showing this year. WHTRYN18RC001 returned 6.10m of 20.64 g/t Au from 83.82m depth, with individual assays in the zone ranging from 7.07 to 39.8 g/t Au. WHTRYN18RC002 is located 100m west of WHTRYN18RC001 and returned 13.72m of 5.02 g/t Au from 121.92m depth; including 4.57m of 9.25 g/t Au from 123.44m depth. The current geologic interpretation indicates that neither WHTRYN18RC003 & 004, located approximately 150m to the west and northwest of WHTRYN18002, respectively, were drilled deep enough to intersect the mineralized structure(s). The reported RC holes were drilled at a 180o azimuth and -60o dip.

Follow-up diamond drilling is planned for the target and will be commenced during the 2018 season.

Significant drill results from the Ryan Showing are detailed in the table below.

There is not currently enough information to estimate true thickness of the mineralization at this time.

The White Gold Property is located 95km south of Dawson City, Yukon. The property’s 1,792 claims totaling 34,951 hectares are 100% owned by the Company. The property has an airstrip, barge access, and a fully operational 100-person camp. The Yukon Resource Gateway Project funded by the federal and territorial governments will provide year-round road access to the property.

  • Reported in Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada by Gilles Arseneau, P.Geo. dated Sept. 15th, 2017 and available on SEDAR.

About White Gold Corp.

The Company owns a portfolio of 19,606 quartz claims across 30 properties covering over 390,000 hectares representing approximately 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 262,220 ounces Inferred at 1.70 g/t gold as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. (disclosed M&I gold resource of 4.1M oz) and Western Copper and Gold Corporation’s Casino project (disclosed P&P gold reserves of 8.9M oz Au and 4.5B lb Cu). The Company has outlined an aggressive exploration plan to further explore its properties. For more information visit www.whitegoldcorp.ca.

QA/QC

The analytical work for the 2018 program has been performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory.  Sample preparation was carried out at its Whitehorse, Yukon facility. All GT Probe, RAB, RC, and diamond core samples were prepared using procedure PRP70-250 (crush, split and pulverize 250 g to 200 mesh) and analyzed by method FA430 (30g fire assay with AAS finish) and AQ200 (0.5g, aqua regia digestion and ICP-MS analysis). Samples containing >10g/t Au were reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encounter (FS600).

The work was completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the regular insertion of certified standards and blanks into the sample stream. The qualified person detected no significant QA/QC issues during review of the data.

Qualified Person

Jodie Gibson, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under NI 43-101 and has reviewed and approved the content of this news release. 

Cautionary Note Regarding Forward Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated benefits to the Company and its shareholders respecting the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the White Gold properties; future growth potential of the Company, including whether any further mineral resources will be established in accordance with NI 43-101 at any of the Company’s properties; exploration results; and future exploration plans.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; failure to expand or identify any additional mineral resources; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the White Gold properties and the Company’s other properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading "Risks and Uncertainties" in the Company’s most recently filed management’s discussion and analysis. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the TSX Venture Exchange (the “Exchange”) nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information:

David D’Onofrio
Chief Executive Officer
White Gold Corp.
(416) 643-3880
ddonofrio@whitegoldcorp.ca

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch  

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White Gold Makes New High-Grade Gold Discovery Along Trend with Golden Saddle Deposit Including 20.64 g/t Au Over 6.1m & 5.02 g/t Au Over 13.2m at Ryan’s Showing Target on White Gold Property, Yukon

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce that high-grade gold mineralization has been discovered at shallow depths on multiple drill holes on the Ryan’s Showing Target, located along trend with the Company’s flagship Golden Saddle deposit 2 KM to the west. The drill holes were completed using Reverse Circulation (“RC”) drilling which is used by the Company to drill shallow, sub-200m holes more cost efficiently than traditional exploration. The drilling was part of the Company’s 14,500m drill program focused on expansion of the existing gold resource on the White Gold property. This program includes expansion of the Golden Saddle deposit and exploration of nearby targets such as the Ryan’s Showing. A diamond drill will be moved to the discovery site to perform additional exploration. Images to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

Highlights Include:

  • Discovery hole WHTRYN18RC0001 intersected 20.64 g/t Au over 6.10m from 83.82m depth, with individual assays ranging from 7.07 g/t to 39.8 g/t Au.
  • WHTRYN18RC0002 intersected 5.02 g/t Au over 13.17 from 121.92m depth, including 9.25 g/t Au over 4.57m from 123.44m depth 100m to the west of the discovery hole.
  • Newly discovered mineralized zone is associated with an east-west oriented, north dipping, structure as shown in Lidar imagery, DIGHEM and IP-Resistivity, which remains open along strike and at depth, and demonstrates the potential for multiple mineralized structures.
  • Discovery situated on 800m x 115m soil anomaly with values from trace up to 1576 ppb Au, on trend with the Golden Saddle with the area between Ryan Showing and Golden Saddle deposit historically unexplored.
  • Historic drill hole(1) in the area (WGRS11D0003) which was drilled subparallel to the structural trend returned 6.34 g/t Au over 6.56m from 159.44m depth
  • The Company continues to test similar targets as part of the program designed to expand the existing resource on the White Gold property.

“We are very excited about the discovery of a significant new high-grade gold zone 2 KM from the Golden Saddle. We have recognized the potential of satellite deposits near the Golden Saddle which would have the potential to greatly increase the size of the Company’s resource,” stated Jodie Gibson, VP Exploration of the Company.  “This is one of many promising targets on the White Gold property tested this year and we are looking forward to the additional results in due course.”

Ryan’s Showing Target, White Gold Property

The Ryan’s Showing is located approximately 2km west of the Golden Saddle deposit on the White Gold property and consists of gold in soil anomalies (trace to 1576 ppb Au) associated with a distinct east-west oriented, north dipping, structure visible in Lidar imagery, DIGHEM, and IP-Resistivity. One historic drill hole(1) in the area (WGRS11D0003) was drilled subparallel to the structural trend approximately 200m north west of WHTRYN18RC0001 which returned 6.34 g/t Au over 6.56m from 159.44m depth; indicating the potential for high grade mineralization in the area which has been confirmed by holes WHTRYN18RC0001 and WHTRYN18RC0002. The area along trend from the Golden Saddle deposit to the Ryan Showing has been historically unexplored. In 2018, the Company has performed some additional exploration along trend and results will be released in due course.

Discovery Drill Holes

Four drill holes totalling 681.22m were completed on the Ryan’s Showing this year. WHTRYN18RC001 returned 6.10m of 20.64 g/t Au from 83.82m depth, with individual assays in the zone ranging from 7.07 to 39.8 g/t Au. WHTRYN18RC002 is located 100m west of WHTRYN18RC001 and returned 13.72m of 5.02 g/t Au from 121.92m depth; including 4.57m of 9.25 g/t Au from 123.44m depth. The current geologic interpretation indicates that neither WHTRYN18RC003 & 004, located approximately 150m to the west and northwest of WHTRYN18002, respectively, were drilled deep enough to intersect the mineralized structure(s). The reported RC holes were drilled at a 180o azimuth and -60o dip.

Follow-up diamond drilling is planned for the target and will be commenced during the 2018 season.

Significant drill results from the Ryan Showing are detailed in the table below.

 

 

There is not currently enough information to estimate true thickness of the mineralization at this time.

The White Gold Property is located 95km south of Dawson City, Yukon. The property’s 1,792 claims totaling 34,951 hectares are 100% owned by the Company. The property has an airstrip, barge access, and a fully operational 100-person camp. The Yukon Resource Gateway Project funded by the federal and territorial governments will provide year-round road access to the property.

  • Reported in Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada by Gilles Arseneau, P.Geo. dated Sept. 15th, 2017 and available on SEDAR.

About White Gold Corp.

The Company owns a portfolio of 19,606 quartz claims across 30 properties covering over 390,000 hectares representing approximately 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 262,220 ounces Inferred at 1.70 g/t gold as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. (disclosed M&I gold resource of 4.1M oz) and Western Copper and Gold Corporation’s Casino project (disclosed P&P gold reserves of 8.9M oz Au and 4.5B lb Cu). The Company has outlined an aggressive exploration plan to further explore its properties. For more information visit www.whitegoldcorp.ca.

QA/QC

The analytical work for the 2018 program has been performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory. Sample preparation was carried out at its Whitehorse, Yukon facility. All GT Probe, RAB, RC, and diamond core samples were prepared using procedure PRP70-250 (crush, split and pulverize 250 g to 200 mesh) and analyzed by method FA430 (30g fire assay with AAS finish) and AQ200 (0.5g, aqua regia digestion and ICP-MS analysis). Samples containing >10g/t Au were reanalyzed using method FA530 (30g Fire Assay with gravimetric finish). Metallic-screen analysis may also be utilized if coarse gold mineralization is encounter (FS600).

The work was completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the regular insertion of certified standards and blanks into the sample stream. The qualified person detected no significant QA/QC issues during review of the data.

Qualified Person

Jodie Gibson, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under NI 43-101 and has reviewed and approved the content of this news release.

Cautionary Note Regarding Forward Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated benefits to the Company and its shareholders respecting the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the White Gold properties; future growth potential of the Company, including whether any further mineral resources will be established in accordance with NI 43-101 at any of the Company’s properties; exploration results; and future exploration plans.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; failure to expand or identify any additional mineral resources; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the White Gold properties and the Company’s other properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading "Risks and Uncertainties" in the Company’s most recently filed management’s discussion and analysis. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the TSX Venture Exchange (the “Exchange”) nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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