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White Gold Corp. Outlines Additional Significant Gold Anomalies at the Betty Property, Yukon, Canada
TORONTO, May 19, 2021 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTC: WHGOF, FRA: 29W) (the “Company”) is pleased to announce significant soil geochemist
About this update from White Gold Corp.
[{"type":"text","content":" TORONTO, May 19, 2021 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTC: WHGOF, FRA: 29W) (the “Company”) is pleased to announce significant soil geochemistry results from 2020 soil sampling at its Betty property. The property is strategically located contiguous to and 15km northeast of Western Copper and Gold Corporation’s (TSX: WRN, NYSE: WRN) Casino deposit (14.5 Moz gold & 7.1 Blbs copper (Measured & Indicated) and 6.6 Moz gold and 3.3 Blb copper (Inferred), and 40km east of Newmont Corporation’s (NYSE: NEM, TSX: NGT) Coffee Gold deposit which host gold resources of 2.17 Moz Indicated & 0.50 Moz Inferred (Figure 1). The Betty property consists of 860 claims totalling 17,127 hectares that cover the strike extension of the east-trending dextral strike-slip Coffee Creek Fault which exerts important structural controls on mineralization at the Coffee deposit. This work formed part of the Company’s 2020 exploration program backed by strategic partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC) on its extensive 420,000 hectare land package in the prolific White Gold District, Yukon, Canada. Highlights Include: The Betty property is located on the eastern extension of the Coffee Creek Fault, which hosts Newmont’s Coffee deposit containing gold resources of 2.17 Moz Indicated and 0.50 Moz Inferred. The Betty property hosts multiple targets with potential for several mineral deposit types including orogenic gold and precious and base metal veins. 2020 exploration work included ground magnetic surveys and 2,030 infill soil geochemistry samples in several areas which has further enhanced several anomalies on the property that will be further evaluated this coming season. 2021 follow up exploration to include first ever diamond drilling. The Company also announces its participation in several upcoming virtual conferences and invites interested parties to register to learn more about the Company’s unique district-scale gold exploration opportunity with significant defined resources, recent discoveries and new discovery potential in the prolific White Gold District, Yukon, Canada. “We are very pleased with these additional results from our Betty property. These results in addition to the previous work performed, and the property’s close proximity to large gold and copper dep...