Business
White Gold Corp Commences Drilling at JP Ross Property and Brings Second Diamond Drill Online at White Gold Properties
TORONTO, June 21, 2018 (GLOBE NEWSWIRE) -- White Gold Corp. (TSXV:WGO) (OTC – Nasdaq Intl:WHGOF) (FRA:29W) (the "Company") is pleased to announce the commenceme
About this update from White Gold Corp.
[{"type":"text","content":" TORONTO, June 21, 2018 (GLOBE NEWSWIRE) -- White Gold Corp. (TSXV:WGO) (OTC – Nasdaq Intl:WHGOF) (FRA:29W) (the \"Company\") is pleased to announce the commencement of rotary air blast (“RAB”) drilling on the JP Ross property and the operation of a second diamond drill on the White Gold property. The Company now has five drills in operation across its Yukon land package as part of its 20,000m 2018 drill program. The JP Ross property contains four highly prospective targets which are being drill tested this year – the second year of the Company’s systematic three-year regional exploration plan. The additional diamond drill brought to the White Gold property is designed to reach depths of over 400m and will be used to drill step out holes on the Golden Saddle deposit which has been shown to remain open down-dip and down-plunge and increase in grade at depth. Highlights Include: Two diamond drills currently operating on the White Gold property, focused on expansion of known mineral resource at Golden Saddle and Arc deposits. RC drill operating on White Gold property, focused on exploration of nearby satellite targets that have displayed similar characteristics to known deposits. Up to 30 RAB holes planned for the JP Ross property across 4 targets areas - Rebecca, Sabotage, Vertigo, and Frenzy. Drilling on the JP Ross property will follow up on 2017 RAB drill results which ranged from trace up to 21.87 g/t Au over 3.04m including 1.52 m of 35.8 g/t gold on hole 17JPR002 and 6.10 m of 3.10 g/t gold including 3.05 m of 5.46 g/t gold on hole 17JPR09-B, as well as historic trench results of up to 6.31 g/t Au over 35m(1) and grab samples of up to 541 g/t Au(1). Images to accompany this news release can be found at Click Here. David D’Onofrio, Chief Executive Officer stated, “With five drills in operation, our 2018 drill program is now in full swing. Two diamond drills will allow us to focus on aggressively growing the existing high-grade deposit at Golden Saddle, and three additional drills will be testing some of our most promising regional exploration targets. Thanks to our highly trained and experienced drill crews, overall production to date has exceeded expectations and we are looking forward to receiving initial lab results. We are also pleased to announce that White Gold will be a featured company at the Yukon Mining Invest...