Business
White Gold Corp. Drills 32 Metres of 3.98 g/t Gold at Golden Saddle Deposit; Defines New High Priority Drill Targets Along Trend
TORONTO, ONTARIO--(Marketwired - Sept. 25, 2017) - White Gold Corp. (TSX VENTURE:WGO) (the "Company") is pleased to announce the first two reverse circulation (
About this update from White Gold Corp.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - Sept. 25, 2017) - White Gold Corp. (TSX VENTURE:WGO) (the \"Company\") is pleased to announce the first two reverse circulation (\"RC\") drill holes completed on the Golden Saddle deposit, White Gold Property, Yukon. The results of these initial holes are consistent with results from nearby diamond drilling completed by the previous owners and extended the Main Zone at Golden Saddle up-dip towards the surface. The Company is also pleased to announce that its technical team has generated new drill targets from recently completed geophysical surveys on trend with the Golden Saddle deposit, most notably the Golden Saddle East target which is located on strike with the Golden Saddle deposit 600m NE. The Company intends to drill these targets this season. See link below for target maps and further information. The RC and diamond drilling program on the White Gold Property is still underway and additional assay results will be released in due course. Highlights include: Initial Golden Saddle RC drill results return 3.98 g/t Au over 32.004m from 19.812m depth, including 5.51 g/t Au over 21.336m (Hole 17RC-001) and 2.24 g/t Au over 25.908m from 13.716m depth, including 5.36 g/t Au over 9.144m (Hole 17RC-002). RC drill results are consistent with nearby diamond drill results thereby validating the use of RC on the White Gold Property and these new results successfully extend the Golden Saddle Main Zone up-dip towards surface. Recently performed airborne magnetic and DIGHEM electromagnetic and ground resistivity surveys have revealed a significant anomaly located 600m from the Golden Saddle deposit. This target has similar geophysical characteristics as the Golden Saddle, anomalous gold-in-soil anomalies associated with it, and has not been previously drilled. The Company intends to test this anomaly during the 2017 drill season. A technical review of data from previous operators has resulted in the identification of the previously undrilled Ulli's Target located 2.2km from Golden Saddle and on trend. This zone is characterized by a gold-in-soil anomaly 860m long by 220m wide with values ranging from trace to 1,117 ppb Au, and historic trench results which are comparable to those that led to the discovery of the Gold Saddle deposit. This target will also be drilled in the 2017 season. Drilling is also...