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Whitehorse Gold Announces Commencement of Trading on TSX Venture Exchange, Skukum Gold Project Resource Estimate and Completion of 2020 Exploration Program
Vancouver, British Columbia--(Newsfile Corp. - November 25, 2020) - Whitehorse Gold Corp. (...
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[{"type":"text","content":"Whitehorse Gold Announces Commencement of Trading on TSX Venture Exchange, Skukum Gold Project Resource Estimate and Completion of 2020 Exploration ProgramVancouver, British Columbia--(Newsfile Corp. - November 25, 2020) - Whitehorse Gold Corp. (TSXV: WHG) (\"Whitehorse Gold\" or the \"Company\") announces that its common shares have commenced trading on the TSX Venture Exchange (the \"TSXV\") under the ticker symbol \"WHG\" as of market open on November 25, 2020. The Company recently completed its Plan of Arrangement spin-out from New Pacific Metals Corp. and has also closed a $6.79-million non-brokered private placement of common shares. Whitehorse Gold currently has 42,656,700 common shares issued and outstanding. Whitehorse Gold is a new precious metals exploration and development company focused on its wholly-owned, past producing Skukum Gold Project (formerly named Tagish Lake Gold Project) located in the Whitehorse Mining District of the southern Yukon. Highlights of Whitehorse Gold and the Skukum Gold Project include:Proven management team and Board with strong exploration, development, and operations skills, as well as capital markets experience.Current indicated mineral resources of 1,331,000 tonnes containing 274,544 oz gold and 5,355,478 oz silver plus additional inferred mineral resources of 1,111,000 tonnes containing 223,873 oz gold and 1,906,433 oz silver, provide a solid foundation for planned resource expansion initiatives.Robust infrastructure (roads, camp, underground development, and a past operating processing complex) allows for year-round access and streamlines potential production path.Exploration upside at the three gold deposits (Skukum Creek, Goddell and Mt. Skukum) all remaining open in addition to multiple, underexplored gold zones and occurrences on the project.The project consists of 1,051 mineral claims covering an area of approximately 170 square kilometres and is located approximately 55 kilometres south of Whitehorse with direct road access (see Figure 1).Figure 1: Skukum Gold Project location mapTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/7553/68940_whitehorsefigure1enhanced.jpgThe Company recently completed its 2020 exploration program, which included data compilation, surface mapping and sampling, relogging and sampling of previous drill core ...