White Gold Corp.
This activity marks the initiation of the Company’s 2021 exploration program on its extensive 420,000 hectare land package in the emerging White Gold District, west-central Yukon, Canada.
The Ryan’s and Ulli’s targets are situated on a 6.5 km long x 1.0 km wide, north-south trend of anomalous gold and arsenic in soils, which extends from the Ulli’s Ridge target in the south to the Teacher’s showing in the north .
“We are anticipating another exciting and successful season in 2021 with field programs now underway.” stated Terry Brace, Vice President of Exploration.
Planned 2021 exploration diamond drilling at Ryan’s Surprise and Ulli’s Ridge comprises 2,500 m in 8 holes .
The geology of the Ryan’s Surprise area consists of two primary lithological packages, an upper mafic to ultramafic package comprising amphibolite and pyroxenite, and an underlying metasedimentary sequence of metaquartzite, biotite-quartz-feldspar gneiss and minor biotite schist.
The Ulli’s Ridge target area is located immediately south of Ryan’s Surprise and is characterized by a large northwest-southeast trending coincident gold and arsenic soil anomaly measuring some 1,500 m long by 600 m wide with gold values up to 1585 ppb Au and arsenic values up to 2484 ppm As.
The Company’s flagship White Gold property hosts the Company’s Golden Saddle and Arc deposits which have a mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au .
Cautionary Note Regarding Forward Looking Information This news release contains “forward-looking information” and “forward-looking statements” are not statements of historical fact and may be 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; the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; 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 Company’s 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 ; 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; ongoing uncertainties relating to the COVID-19 pandemic; and those factors described under the heading “Risks Factors” in the Company’s annual information form dated July 29, 2020 available on SEDAR.