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White Gold Corp. Commences 2017 RAB Drilling Program
TORONTO, ONTARIO--(Marketwired - June 5, 2017) - White Gold Corp. (TSX VENTURE:WGO) (the "Company") is pleased to announce that it has commenced the initial RAB
About this update from White Gold Corp.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - June 5, 2017) - White Gold Corp. (TSX VENTURE:WGO) (the \"Company\") is pleased to announce that it has commenced the initial RAB drilling programs on the Dime and Loonie properties. An estimated 50 to 60 drill holes, representing approximately 5,000 to 6,000 meters of drilling are planned between the two properties. These drill holes comprise the first phase of a three phase drilling program planned over 6 properties by the Company in 2017. The drilling programs on both the Loonie and Dime properties will be managed by Dawson City, Yukon based Ground Truth Exploration and will utilize their track mounted RAB drills. The drills are designed to evaluate targets for potential, near surface mineralization at a lower cost and reduced environmental impact compared to other drilling techniques previously utilized in the White Gold district. Additionally, the programs will utilize on-site XRF analysis and downhole optical televiewer surveys paired with 3D modelling software for daily geologic, geochemical and structural interpretation to guide the drill programs. Follow up diamond and/or RC programs will be planned contingent upon exploration results. The Dime and Loonie programs are planned to last approximately 4 weeks. Following these programs, the RAB drills will mobilize to the Nolan and IND targets and details of those programs and initial RAB drilling results from the Loonie and Dime projects will be provided in due course. Details of the Phase 1 drilling programs are summarized below: Loonie Property The 2017 drilling program on the Loonie Property will consist of 25 to 30 RAB drill holes testing over 700m of strike length and up to 100m depth along the Lira trend. The Loonie Property is located 50km south of Dawson City, Yukon and consists of 499 claims covering approximately 98,900 hectares. 2017 RAB drilling on the Loonie property will focus on the Lira target, an approximately 75m x 740m, zone of anomalous gold in soils associated with an E-NE trending shear zone(s). Mineralization along the zone is associated with strongly quartz-sericite-clay altered and brecciated felsic orthogenesis with quartz veining, disseminated pyrite, and locally visible gold. Grab samples performed by the Company in the area have returned grades from trace up to 110.1 g/t gold. Historic RAB drilling on the ta...