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White Gold Corp. Discovers Multiple High-Priority Targets
TORONTO, March 22, 2018 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V:WGO) (OTC:GFRGF) (FRA:29W) (the "Company") is pleased to announce that its 2017 regional exp
About this update from White Gold Corp.
[{"type":"text","content":" TORONTO, March 22, 2018 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V:WGO) (OTC:GFRGF) (FRA:29W) (the \"Company\") is pleased to announce that its 2017 regional exploration program has led to the discovery of multiple high-priority drill targets and further validation of previously discovered high-priority targets. The discoveries were generated using the Company’s innovative, tactical and efficient exploration methodologies including aerial drone surveying, soil sampling, magnetic and electromagnetic surveys and utilization of the GT Probe. The new targets will be followed up with drill testing along with other high priority targets during the 2018 field season. A detailed 2018 exploration plan will be released in the coming weeks. Maps outlining these new targets can be found at http://whitegoldcorp.ca/investors/exploration-highlights/. Highlights include: Betty Property (Coffee Trend East Area): Airborne DIGHEM survey confirmed that the property, which hosts soil assay results ranging from trace to 7,288 ppb Au, is situated along the extension of Coffee Creek Fault from Goldcorp Inc.’s Coffee property which has been disclosed by Goldcorp Inc. to contain a total gold resource of 4.1M oz Au including proven and probable reserves of 2.2M oz Au. Hayes Property (Coffee Trend East Area): Soil sampling defined three new Au-As soil anomalies along the eastern projection of the Coffee Creek Fault exhibiting similar mineralization to the Coffee deposit with values ranging from trace to 330 ppb Au. Wolf Property (Coffee Trend West Area): A GT Probe line encountered consistent gold mineralization in 20 consecutive samples spaced 5m apart extending 95m. Samples ranged from 94 ppb Au to 1,224 ppb Au with an average of 226 ppb Au. Pedlar Property (White-Stewart Area): Soil sampling identified a 3.5km x 1.5km zone of strongly anomalous Cu (from trace to 710ppm), Mo (from trace to 322 ppm) ± Au (from trace to 62 ppb). These results indicate the potential for a Cu-Mo±Au porphyry system. The Pedlar property is located 27km from Western Copper and Gold Corp.’s (“Western”) Casino Project which is a porphyry system and has been disclosed by Western to contain proven and probable reserves of 8.9M oz Au and 4.5B lb Cu. Carlisle Property (Coffee Trend West Area): Staked in April 2017, the property is directly...