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Whitehorse Gold Intersects 4.2 Metres of 32.0 Grams per Tonne Gold Equivalent Grade in a Step-Out Drill Hole at Skukum Gold Project in Yukon
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2021) - Whitehorse Gold Corp. (...
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[{"type":"text","content":"Whitehorse Gold Intersects 4.2 Metres of 32.0 Grams per Tonne Gold Equivalent Grade in a Step-Out Drill Hole at Skukum Gold Project in YukonVancouver, British Columbia--(Newsfile Corp. - October 5, 2021) - Whitehorse Gold Corp. (TSXV: WHG) (\"Whitehorse Gold\" or the \"Company\") reports bonanza-grade grade gold and silver results from a step-out drill hole on its wholly-owned Skukum Gold Project (the \"Project\") located in southern Yukon. Highlight of Drill Results: Drill hole SC21-015 intersected a 4.2 metre interval (from 239.34 to 243.58 metres) grading 27.1 g/t Au and 346.4 g/t Ag, or 32.0 g/t AuEQ, including a 3.2-metre interval from 239.71 m to 242.9 m of 33.4 g/t Au and 391.7 g/t Ag, or 38.9 g/t AuEQ, in the Rainbow 2 Zone The hole also intersected a 2.4-metre interval (from 226.4 to 228.1 metres) grading 10.34.3 g/t Au and 93.9 g/t Ag, or 11.6 g/t AuEQ Hole SC21-015 is an approximately 150-metre step-out up dip from historic drill holes, representing a significant extension of the Rainbow 2 Zone (Figure 1), one of four zones that constitute the Skukum Creek Deposit (Figure 2). \"Hole SC21-015 has returned the highest-grade gold intervals to date from our drill program and shows potential for higher grades and resource expansion at the Skukum Gold Project,\" stated Kevin Weston, CEO of Whitehorse Gold. \"With results now released for 7 drill holes, we look forward to announcing results from the remaining 37 holes over the coming months and are excited by the potential to advance the Project towards a development path.\" Table 1: Assay results Hole IDFrom (m)To (m)Interval (m)1,2,3Au (g/t)Ag (g/t)AuEQ (g/t)4,5Pb (%)Zn (%)Cu (%)ZoneSC21-015226.4228.812.4110.393.911.60.121.820.12Rainbow 2239.34243.584.2427.1346.432.01.193.860.35Incl.239.71242.93.1933.4391.738.91.024.30.32 Notes:Drill location, elevation, azimuth and dip of drill holes provided in Table 2 below. Length and specific gravity weighted composites. True drill interval lengths are estimated at 50-70% of drilled intervals. Formula for AuEQ calculation = Au+(Ag x 0.0141); based on a Long-term Au consensus median price of US$1,600/oz, a Long-term Ag consensus median price of US$22.50/oz and Au:Ag ratio of 71.11. Assumptions: AuEQ calculation utilizes contained Au and Ag and assumes 100% recovery. Long-term street consensus commodity prices compiled by BMO Capit...