White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA:
29W) (the “Company”) is pleased to report additional assay
results from its 2022 diamond drilling program on the Ryan’s
Surprise and Ulli’s Ridge targets, as well as rotary air blast
(RAB) drilling results from previously undrilled targets along the
Ryan’s Trend, a 6.5km long north-northwest striking zone of
anomalous gold and arsenic in soils (Figure 1). The Ryan’s Surprise
and Ulli’s Ridge targets are located approximately 2km west of the
Company’s flagship Golden Saddle and Arc deposits and 11km south of
the Company’s VG deposit. The Golden Saddle and Arc deposits have a
combined 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(1) and the VG deposit
hosts an Inferred gold resource of 267,600 ounces at 1.62 g/t
Au(2). These assays represent additional positive results from the
Company’s $6 million 2022 exploration program on its extensive and
underexplored 350,000 hectare land package in the emerging White
Gold District, Yukon, supported by strategic partners including
Agnico Eagle Mines Limited and Kinross Gold Corporation.
“We are very pleased to see the significant
extension of mineralization at the Ryan’s Surprise almost doubling
its strike length as well as the discovery of gold mineralization
at multiple other targets in first ever drilling along this
underexplored trend which has now encountered gold mineralization
over a length of 5.5km. The abundance of gold mineralization and
its vicinity to our flagship gold deposits is very encouraging for
the continued expansion of our significant gold resources in this
area. Overall 2022 was an was a very successful year in which we
continued to demonstrate the growth potential of our flagship
project, which ranks amongst the largest high grade gold deposits
in the Yukon, and also expand our exciting new high grade Betty
discovery, contiguous to Newmont’s Coffee Project and Western
Copper and Gold’s Casino project,“ stated David D’Onofrio, CEO.
Maps accompanying this news release can be found
at https://whitegoldcorp.ca/news/.
Highlights:
- All 2022 diamond holes at Ryan’s
Surprise and the and widely spaced step out holes in the previously
untested Gap area between Ryan’s Surprise and Ulli’s Ridge
intersected gold mineralization.
- Maiden drilling in the Gap area
between Ryan’s Surprise and Ulli’s Ridge intersected multiple zones
of gold mineralization which appear consistent in tenor with the
zones at Ryan’s Surprise, with significant results including:
- WHTRS22D027: 1.43 g/t Au
over 11.45m from 145.50m depth
- WHTRS22D028: 6.01 g/t Au
over 2.35m from 296.50 depth
- 2022 drilling at Ryan's Surprise
followed up on drilling between 2018 and 2021 that identified
significant zones of gold mineralization, with highlights including
20.64g/t Au over 6.10m in WHTRYN18RC0001, 2.10 g/t Au over
31.78m in WHTRS19D012, 8.69 g/t Au over 12.30m in WHTRS20D018, and
17.40 g/t Au over 3.47m in WHTRS20D013.
- Following the success of the 2022
and previous diamond drill programs, a maiden resource estimate at
Ryan’s Surprise zone is currently underway with details to be
announced in the coming months.
- Hole WHTULR22D010 at Ulli’s Ridge
testing a previously undrilled area collared in mineralization and
intersected 1.49 g/t Au over 16.00 m from
6.00m.
- Maiden RAB drilling at the Teacher
target at the northern limit of the Ryan’s Trend intersected
multiple zones of near-surface gold mineralization with significant
results including:
- WHTTTC22RAB003: 3.40 g/t Au
over 6.10m from 1.52m depth
- WHTTTC22RAB004: 3.30 g/t Au
over 4.57m from 24.38m depth
- Gold mineralization has now been encountered in drilling over a
total strike length of 5.5km along the Ryan’s Trend which warrants
follow up drill testing.
Figure 1: White Gold Property 2022 Ryan’s
Trend Drilling accompanying this announcement is available
at
https://www.globenewswire.com/NewsRoom/AttachmentNg/999b2a84-21e7-447d-8db2-88fb2e633e22
Figure 2: White Gold Property 2022 Diamond
Drilling Overview accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/eba612a2-1522-4d35-9f71-5e672cb1a24a
Figure 3: Ryan’s Surprise and Ulli’s Ridge
Conceptual Model accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/02afffce-12af-4d1b-999e-7d95098c6ed8
PDAC 2023
The Company will be exhibiting at PDAC 2023 at
the Investors Exchange, with full details below. Conference
attendees are encouraged to visit the Company booth to learn more
and ask any questions they may have. Management is also
participating in the PDAC One on One Meeting Program and will meet
with interested parties.
Booth
Number: 3028Dates: March 5th to
8th, 2023Exhibition Hours: 10 a.m. to 5 p.m.
ET
2022 Ryan’s Surprize & Ulli’s Ridge Exploration
Program
Diamond DrillingThe 2022
diamond drilling program at Ryan’s Surprise and Ulli’s Ridge
comprised 9 holes totalling 2,685m which further tested 3 separate
target areas with the following objectives (Figure 2):
- Drilling at Ryan’s Surprise to provide sufficient drill spacing
to conduct an initial mineral resource estimate;
- Drilling the Gap area between the Ryan’s Surprise and Ulli’s
Ridge targets to identify the possible continuation of
mineralization at the Ryan’s Surprise to the south and if Ryan’s
Surprise and Ulli’s Ridge may form part of the same mineralized
zone; and
- Drilling around the newly discovered high-grade gold zone at
Ulli’s Ridge, where hole WHTULR21D004 intersected 6.94 g/t
Au over 19.5m as well as an untested area of the soil
anomaly 300m northwest of the high-grade discovery.
Results for the Ryan’s Surprise drill holes
(target area 1 above) were reported in a Company news release dated
January 5th, 2023. The current news release presents results for
the gap area (area 2) and Ulli’s Ridge (area 3) target.
A summary of significant gold assay results is provided in
Tables 1 & 2 and drill collar details are shown in Table 3.
Results are discussed separately below for each target area.
Gap Area between Ryan’s Surprise & Ulli’s Ridge
Targets
Two widely spaced holes were drilled to test the
gap area between the Ryan’s Surprise and Ulli’s Ridge targets
(Figure 3). Both Gap area holes are located approximately 200m
southeast and 250m northwest of the limits of previous significant
drilling gold assay results at Ryan’s Surprise and Ulli’s Ridge
respectively and approximately 150m apart form each other.
Structural features which control mineralization at both targets
appear very similar, and the goal of the drilling was to test the
presence of gold mineralization in this undrilled area and between
the targets. The southernmost hole, WHTRS22D027 intersected 1.43
g/t Au over 11.45m from 145.50m downhole, and hole WHTRS22D028
drilled approximately 150m to the north-northeast of WHTRS22D027
intersected 6.01 g/t Au over 2.35m from 296.50m downhole as well as
multiple other zones grading from 1.2 to 3.5 g/t Au over widths of
1.5m to 4.5m. The mineralization in hole WHTRS22D027 and the upper
part of hole WHTRS22D028 is generally similar to hanging wall zones
seen at Ryan’s Surprise, whereas the zone from 296.50-298.85m which
graded 6.01 g/t Au over 2.35m is tentatively correlated with the
main Ryan’s Surprise mineralized structure. More closely spaced
drilling is required to properly correlate the intercepts from hole
to hole.
The Company considers these results as very
encouraging, and additional drilling in this area is warranted to
further test the continuity, grade and further extension of gold
mineralization in this area.
Table 1: Summary of Significant 2022
Diamond Drilling Results, Gap area.
Target / Hole ID |
From (m) |
To (m) |
Length (m)* |
Au (g/t) ** |
|
|
Ryan's Surprise - Ulli's Ridge Gap |
|
|
|
|
|
|
WHTRS22D027 |
90.15 |
95.35 |
5.20 |
0.88 |
|
|
incl. |
91.10 |
95.35 |
4.25 |
1.01 |
|
|
|
145.50 |
156.95 |
11.45 |
1.43 |
|
|
incl. |
149.50 |
156.95 |
7.45 |
1.99 |
|
|
WHTRS22D028 |
174.90 |
176.60 |
1.70 |
3.49 |
|
|
|
186.30 |
187.80 |
1.50 |
2.25 |
|
|
|
206.00 |
210.50 |
4.50 |
1.21 |
|
|
|
296.50 |
298.85 |
2.35 |
6.01 |
|
|
incl. |
296.50 |
298.00 |
1.50 |
8.73 |
|
|
|
338.70 |
341.90 |
3.20 |
1.52 |
|
|
|
362.00 |
364.40 |
2.40 |
1.95 |
|
|
* All drill hole
intercepts reported herein are core lengths. Currently there is
insufficient data to estimate true thicknesses. |
** Gold assays are
uncapped. |
Ulli’s Ridge Target
Three holes were drilled at the Ulli’s Ridge
target. Hole WHTULR22D010, drilled approximately 300m to the
northwest, collared in mineralization and intersected a broad zone
of gold mineralization grading 1.49 g/t Au over 16.00m from 6.00m
downhole. This mineralization is open along strike and down-dip.
WHTULR22D010 was drilled to test a gold-in-soil anomaly that had
previously been tested by a single RAB hole which, based on the
current understanding of the target, was drilled at the wrong
orientation and consequently did not return any significant gold
values. This style of gold mineralization in terms of grade and
thickness is quite common at Ryan’s Surprise and its encouraging to
be encountering additional mineralization in this area. Holes
WHTULR22D008 and WHTULR22D009 tested for extensions of the
high-grade mineralization encountered in hole WHTULR21D004 which
graded 6.94 g/t Au over 19.5m. Hole WHTULR22D008 was collared
approximately 25m south of hole WHTULR21D004 and was designed to
test the high-grade mineralization down-dip, while hole
WHTULR22D009 was drilled to test along strike approximately 35m to
the east. Both holes intersected gold mineralization including 0.92
g/t Au over 3.10m from 136.45m downhole in WHTULR22D008, and 1.77
g/t Au over 1.87m from 106.88m in WHTULR22D009. The high-grade
mineralization encountered in WHTULR21D004 was not encountered.
Table 2: Summary of Significant 2022
Diamond Drilling Results, Ulli’s Ridge target.
Target / Hole ID |
From (m) |
To (m) |
Length (m)* |
Au (g/t) ** |
|
|
Ulli's Ridge |
|
|
|
|
|
|
WHTULR22D008 |
136.45 |
139.55 |
3.10 |
0.92 |
|
|
incl. |
138.85 |
139.55 |
0.70 |
2.41 |
|
|
WHTULR22D009 |
30.20 |
35.45 |
5.25 |
0.58 |
|
|
|
106.88 |
108.75 |
1.87 |
1.77 |
|
|
|
149.75 |
152.00 |
2.25 |
1.43 |
|
|
|
162.25 |
164.00 |
1.75 |
1.63 |
|
|
WHTULR22D010 |
6.00 |
22.00 |
16.00 |
1.49 |
|
|
|
54.00 |
56.00 |
2.00 |
0.97 |
|
|
|
141.10 |
142.00 |
0.90 |
1.09 |
|
|
* All drill hole
intercepts reported herein are core lengths. Currently there is
insufficient data to estimate true thicknesses. |
** Gold assays are
uncapped. |
Table 3: Collar details for 2022 Diamond
Drilling at Ryan’s Surprise and Ulli’s Ridge targets.
Target / Hole ID |
Collar Location (UTM NAD83, Zone
7) |
Dip |
Azimuth |
Length |
|
Easting (m) |
Northing (m) |
Elevation (m) |
(deg) |
(deg) |
(m) |
Ryan's Surprise - Ulli's Ridge Gap |
|
|
|
|
|
WHTRS22D027 |
574,150 |
7,004,132 |
642 |
-60 |
20 |
300.0 |
WHTRS22D028 |
574,217 |
7,004,267 |
693 |
-60 |
18 |
482.0 |
Ryan's Surprise Infill |
|
|
|
|
|
|
WHTRS22D029* |
574,323 |
7,004,413 |
741 |
-60 |
355 |
303.0 |
WHTRS22D030* |
574,212 |
7,004,557 |
756 |
-65 |
0 |
200.0 |
WHTRS22D031* |
574,039 |
7,004,533 |
742 |
-60 |
25 |
320.0 |
WHTRS22D032* |
574,091 |
7,004,371 |
681 |
-60 |
20 |
411.0 |
Ulli's Ridge |
|
|
|
|
|
|
WHTULR22D008 |
574,576 |
7,003,558 |
627 |
-50 |
20 |
201.0 |
WHTULR22D009 |
574,612 |
7,003,563 |
634 |
-50 |
35 |
171.0 |
WHTULR22D010 |
574,348 |
7,003,772 |
713 |
-55 |
20 |
297.0 |
TOTAL |
|
|
|
|
|
2,685.0 |
Note: * Results
reported in News Release issued on January 5, 2023. |
|
|
|
Rotary Air Blast (RAB) Drilling along Ryan’s
Trend
The 2022 RAB drilling program along the Ryan’s
Trend comprised 12 holes totalling 919m which tested four separate
targets: 1) Teacher (4 holes, 361.2m); 2) Principal Ridge (4 holes,
175.3m); 3) Ryan’s Surprise North (2 holes, 201.2m,); and 4) Tween
(2 holes, 181.4m). Gold mineralization hosted in metasedimentary
units along the Ryan’s Trend shows a close association with
anomalous arsenic, hence the RAB drilling focused on high arsenic
targets identified through previous soil sampling and 2022 detailed
prospecting. The 2022 RAB drilling program at Ryan’s Trend
represent maiden drilling at each of the four targets tested.
All 2022 RAB holes were surveyed with a borehole
optical televiewer, which provided continuous high resolution
digital imagery of walls of the holes, allowing for the detailed
structural interpretation of the zones. Interpretation of the zones
intersected in the 2022 RAB drilling program is currently underway
and will be used to guide any future proposed drilling
campaigns.
Significant results and interpretations are
discussed below and a summary of significant RAB gold assay results
is provided in Table 4 and drill collar details are shown in Table
5.
Teacher Target
The Teacher target is located at the
northernmost limit of the Ryan’s Trend on the eastern ridge of the
Yukon River. In the late 1990’s, Teck Resources Limited (“Teck”)
conducted a reconnaissance program of prospecting, sampling and
trenching in the Teacher area as they explored for Pogo-style gold
mineralization. The trenching returned significant values up to
12.15 g/t Au, 13.0 g/t Ag, 275 ppm Sb and > 10,000 ppm (1%) As.
Teck described the mineralization as being associated with
silicified and brecciated metasedimentary rocks adjacent to the
contact zones with granitic porphyry dykes. Subsequent sampling by
the Company in 2017 also returned high-grade gold and silver values
(up to 7.08 g/t Au and 137 g/t Ag) in grab samples.
In 2022 four RAB holes were drilled at the
Teacher target all intersected gold mineralization. The best
results were obtained from holes WHTTCS22RAB003 and WHTTCS22RAB004.
Hole WHTTCS22RAB003 intersected 3.40 g/t Au over 6.10m from 1.52m
depth and WHTTCS22RAB004 intersected 3.30 g/t Au over 4.57m from
24.38m depth. Holes WHTTCS22RAB001 and WHTTCS22RAB002 intersected
additional gold mineralization, including 0.20 g/t Au over 4.57m
from 1.52m depth in WHTTCS22RAB001 and 0.31 g/t Au over 16.76m from
3.05m depth in WHTTCS22RAB002.
Principal Ridge Target
The Principal Ridge target is located
approximately 1.5km south of the Teacher target and forms a
southern extension of the same gold in soil anomaly. Follow up
historical exploration work has also returned significant gold
values in trench samples up to 6.61 g/t Au and GT Probe samples up
to 1.83 g/t Au.
In 2022 four RAB holes were drilled at the
Principal Ridge target, with 3 of 4 holes (WHTPRR22RAB002 to 004)
terminated early (18-37m depth) due to bad ground conditions and
were unable to reach their targets. Nevertheless, hole
WHTPRR22RAB003 encountered surface gold mineralization grading 1.20
g/t Au over 4.57m from 1.52m depth. Hole WHTPRR22RAB001 was drilled
approximately 600m northwest of the other three holes and was
successfully completed to 100m. The hole encountered several gold
mineralized zones including 1.50 g/t Au over 4.57m from 25.91m
depth and 0.65 g/t Au over 3.05m from 74.68m depth.
Table 4: Summary of Significant 2022 RAB
Drilling Results, Ryan’s Trend.
Target / Hole ID |
From (m) |
To (m) |
Length (m)* |
Au (g/t)** |
TEACHER |
|
|
|
|
WHTTCS22RAB002 |
3.05 |
19.81 |
16.76 |
0.31 |
incl. |
16.76 |
18.29 |
1.52 |
1.00 |
WHTTCS22RAB003 |
1.52 |
7.62 |
6.10 |
3.40 |
incl. |
1.52 |
6.10 |
4.57 |
4.40 |
and incl. |
3.05 |
4.57 |
1.52 |
6.89 |
WHTTCS22RAB004 |
24.38 |
28.96 |
4.57 |
3.30 |
incl. |
24.38 |
25.91 |
1.52 |
9.64 |
PRINCIPAL RIDGE |
|
|
|
|
WHTPRR22RAB001 |
25.91 |
30.48 |
4.57 |
1.50 |
incl. |
25.91 |
27.43 |
1.52 |
3.74 |
|
50.29 |
68.58 |
18.29 |
0.26 |
|
74.68 |
77.72 |
3.05 |
0.65 |
WHTPRR22RAB003 |
1.52 |
6.10 |
4.57 |
1.20 |
incl. |
3.05 |
6.10 |
3.05 |
1.72 |
|
|
|
|
|
* All drill hole
intercepts reported herein are measured in-hole lengths. Currently
there is insufficient data to estimate true thicknesses. |
** Gold assays are
uncapped. |
|
|
|
Table 5: Collar details for 2022 RAB
Drilling, Ryan’s Trend.
Target / Hole ID |
Collar Location (UTM NAD83, Zone 7) |
Dip |
Azimuth |
Length |
|
Easting (m) |
Northing (m) |
Elevation (m) |
(deg) |
(deg) |
(m) |
Teacher |
|
|
|
|
|
|
WHTTCS22RAB001 |
572291 |
7008633 |
448 |
-55 |
300 |
77.7 |
WHTTCS22RAB002 |
572264 |
7008507 |
508 |
-55 |
320 |
96.0 |
WHTTCS22RAB003 |
572261 |
7008553 |
488 |
-55 |
310 |
86.9 |
WHTTCS22RAB004 |
572292 |
7008487 |
495 |
-55 |
125 |
100.6 |
Principal Ridge |
|
|
|
|
|
|
WHTPRR22RAB001 |
572176 |
7007685 |
496 |
-55 |
200 |
100.6 |
WHTPRR22RAB002 |
572600 |
7007310 |
580 |
-55 |
315 |
19.8 |
WHTPRR22RAB003 |
572661 |
7007301 |
560 |
-55 |
315 |
36.6 |
WHTPRR22RAB004 |
572573 |
7007154 |
485 |
-55 |
210 |
18.3 |
Ryan's Surprise North |
|
|
|
|
|
|
WHTRSN22RAB001 |
573869 |
7005056 |
645 |
-55 |
200 |
100.6 |
WHTRSN22RAB002 |
573868 |
7004957 |
658 |
-55 |
340 |
100.6 |
Tween |
|
|
|
|
|
|
WHTTWN22RAB001 |
575735 |
7002487 |
831 |
-55 |
200 |
80.8 |
WHTTWN22RAB002 |
575715 |
7002441 |
846 |
-55 |
20 |
100.6 |
TOTAL |
|
|
|
|
|
919.0 |
Other Matters
The Company announces that a total of 5,800,000
options to purchase common shares of the Company have been granted
to directors, officers, employees and consultants at an exercise
price of $0.38 per share, expiring on February 1, 2028. The grant
is subject to regulatory approval.
QA/QCAnalytical work for the
2022 diamond drilling and RAB program was performed by Bureau
Veritas, an internationally recognized analytical services
provider, at its North Vancouver, British Columbia laboratory.
Sample preparation was carried out at its Whitehorse, Yukon
facility. Samples were prepared using the PRP70-250 package, where
samples were weighed, dried, and crushed to greater than 70%
passing a 2mm sieve, then pulverized to greater than 85% passing 75
microns). Samples were then analyzed in accordance with BV’s FA430
and MA250 packages, for both gold analysis by fire assay (30g fire
assay with AAS finish) and ultra-trace multi-element ICP analysis
(0.25 g, 4 acid digestion and ICP-MS analysis).
The reported diamond drilling and RAB sampling
program work was completed using industry standard procedures,
including a quality assurance/quality control (“QA/QC”) program
consisting of the insertion of standards and blank samples into the
sample stream. BV also runs a comprehensive QA/QC program of
standards, duplicates, and blanks within each sample stream.
About White Gold Corp.The
Company owns a portfolio of 17,584 quartz claims across 30
properties covering approximately 350,000 hectares representing
over 40% of the Yukon’s emerging White Gold District. 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(1). Mineralization on the Golden Saddle and Arc is also known to
extend beyond the limits of the current resource estimate. The
Company’s recently acquired VG Deposit also hosts an Inferred gold
resource of 267,600 ounces at 1.62 g/t Au(2). Regional exploration
work has also produced several other new discoveries and
prospective targets on the Company’s claim packages which border
sizable gold discoveries including the Coffee project owned by
Newmont Corporation with Measured and Indicated Resources of 2.17
Moz at 1.46 g/t Au, and Inferred Resources of 0.50 Moz at 1.32 g/t
Au(3), and Western Copper and Gold Corporation’s Casino project
which has Measured and Indicated Resources of 14.8 Moz Au and 7.6
Blb Cu and Inferred Resources of 6.3 Moz Au and 3.1 Blb Cu(4). For
more information visit www.whitegoldcorp.ca.
(1) See White Gold Corp. technical report titled
“Technical Report for the White Gold Project, Dawson Range, Yukon
Canada”, Effective Date May 15, 2020, Report Date July 10, 2020,
prepared by Dr. Gilles Arseneau, P.Geo., and Andrew Hamilton,
P.Geo., available on SEDAR.(2) See White Gold Corp. technical
report titled “Technical Report for the QV Project, Yukon, Canada”,
Effective Date October 15, 2021, Report Date November 15, 2021,
available on SEDAR.(3) See Newmont Corporation news release titled
“Newmont Reports 2021 Mineral Reserves of 93 Million Gold Ounces
and 65 Million Gold Equivalent Ounces”, dated February 24, 2022:
https://www.newmont.com/investors/news-release/default.aspx.(4) See
Western Copper and Gold Corporation technical report titled “Casino
project, Form 43-101F1 Technical Report Feasibility Study, Yukon
Canada”, Effective Date June 13, 2022, Issue Date August 8, 2022,
prepared by Daniel Roth, PE, P.Eng., Mike Hester, F Aus IMM, John
M. Marek, P.E., Laurie M. Tahija, MMSA-QP, Carl Schulze, P.Geo.,
Daniel Friedman, P.Eng., Scott Weston, P.Geo., available on
SEDAR.
Qualified Person Terry Brace,
P.Geo. and Vice President of Exploration for the Company is a
“qualified person” as defined under National Instrument 43-101 –
Standards of Disclosure of Mineral Projects and has reviewed and
approved the content of this news release.
Cautionary Note Regarding Forward
Looking InformationThis 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, the
Company’s objectives, goals and exploration activities conducted
and proposed to be conducted at the Company’s properties; future
growth potential of the Company, including whether any proposed
exploration programs at any of the Company’s properties will be
successful; exploration results; and future exploration plans and
costs and financing availability.
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; 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 (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 and mineral exploration; 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; 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. 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 to
release publicly any revisions for updating any voluntary
forward-looking statements, except as required by applicable
securities law.
Neither the TSXV nor its Regulation
Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this
news release.
For Further Information, Please
Contact:
Contact Information:David
D’OnofrioChief Executive OfficerWhite Gold Corp.(647) 930-1880
ir@whitegoldcorp.ca
To Book a Meeting with Management:
https://whitegoldcorp.ca/contact/request-information/
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