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Whitehorse Gold Receives 5-Year Exploration Permit and Commences 18,000-metre Drill Program at Skukum Gold Project, Yukon, Canada

Vancouver, British Columbia--(Newsfile Corp. - July 12, 2021) -  Whitehorse Gold Corp. &...

articleTincorp Metals IncJuly 12, 20214/company/tincorp-metals-inc/news/whitehorse-gold-receives-5-year-exploration-permit-and-commences-18000-metre-drill-program-at-skukum-gold-project-yukon-canada
Whitehorse Gold Receives 5-Year Exploration Permit and Commences 18,000-metre Drill Program at Skukum Gold Project, Yukon, Canada

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[{"type":"text","content":"Whitehorse Gold Receives 5-Year Exploration Permit and Commences 18,000-metre Drill Program at Skukum Gold Project, Yukon, CanadaVancouver, British Columbia--(Newsfile Corp. - July 12, 2021) -  Whitehorse Gold Corp. (TSXV: WHG) (\"Whitehorse Gold\" or the \"Company\") announces that it has received a Class 3 Quartz Mining Land Use Approval Permit (the \"Class 3 Permit\") and has commenced its 2021 exploration program on its Skukum Gold Project (the \"Project\"), southern Yukon.Highlights:Class 3 Permit received from the Yukon Government is valid for 5-yearsThree diamond drill rigs are undertaking a planned 18,000+ metre diamond drill programDrill program is 100% focused on resource expansion and exploration at Skukum Creek, Goddell and Mt. Skukum gold depositsPermittingThe Class 3 Permit process, from initiation to approval, took the Company approximately 5 months, significantly faster than the Yukon's average of 8.5 months. The Company's ability to accelerate the permitting timeline was in large part due to the support from the Carcross/Tagish First Nation. The Class 3 Permit will enable the Company to begin to determine the economic potential of the Project, which is largely underexplored despite having three delineated deposits on the large 170-km2 property package. Aim of 2021 Exploration Program:Expand the current resources through drillingSample known gold occurrences to identify future potential drill targetsExplore and test for new mineralized zones and occurrences18,000-metre Drill ProgramTwo drill rigs have been mobilized to site and drilling is currently underway. A third drill rig is scheduled to arrive on site in the coming days. The 2021 drilling campaign will focus on the resource expansion at the Skukum Creek, Goddell and Mt. Skukum gold deposits, all of which remain open along strike and at depth (Figure 1). Target GenerationThe Company classifies the exploration potential at its district-scale land package as excellent. Mapping and prospecting crews are in the field and property-wide (170-km2) airborne magnetic, radiometric, and Very Low Frequency (\"VLF\") geophysical surveys are underway. The 2021 exploration program will include detailed mapping and sampling adjacent to the three main deposits to identify expansion potential, and to test identified gold occurrences and targets outside of ...

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