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White Gold Encounters High Grade Surface Results of up to 29.1 g/t Gold at JP Ross, Drilling Underway on Newly Defined Targets
TORONTO, Aug. 14, 2018 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce that high-gr
About this update from White Gold Corp.
[{"type":"text","content":" TORONTO, Aug. 14, 2018 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the \"Company\") is pleased to announce that high-grade gold mineralization has been encountered near surface on the Vertigo Trend located on the JP Ross property within a similar geological setting to the nearby Golden Saddle deposit on the Company’s White Gold property. The mineralization was encountered using the innovative GT Probe which is used in place of traditional trenching. The sample results support the modeling developed by the Company through soil sampling, Lidar and IP-Resistivity testing which identified at least 3 zones of potential mineralization. Rotary-Air-Blast (RAB) drilling has commenced to test the newly discovered gold targets. Images to accompany this news release can be found at Click Here. Highlights Include: GT Probe sampling yielded results ranging from trace to 29.1 g/t Au, including samples returning 6.5g/t Au, 3.4 g/t Au and 3.3 g/t Au within 2m of surface on previously untested structures. 11 samples returning grades of above 1 g/t Au, with anomalous samples clustered in multi-station hits, up to 45m in width defining three zones of mineralization ranging from 100m to 300m of defined strike length. Rock samples from the Vertigo Trend are hosted in felsic gneiss and are strongly elevated in Ag-Pb-Bi (+/-As-Te), and occur along a W-NW structural trend traceable for over 6km in strike length and is in a similar geologic setting to the Company’s Golden Saddle Deposit, 30km to the south. Follow-up drilling is underway with the first holes focused on confirming the continuity of the mineralization at depth and along trend. Results expand on historic work(1) performed in the area including trench results of 4.28 g/t Au over 5m within a broader sampling range of up to 1.05 g/t Au over 45m, and a historic drill hole which intersected 17.9 g/t Au over 1 m. “The results from the Vertigo are very exciting, confirming near surface high-grade gold mineralization in locations consistent with our model and the presence of multiple parallel mineralized zones on the JP Ross property. We immediately put a drill on the target to confirm that the mineralization continues at depth and we look forward to receiving these drill assays”, stated Jodie Gibson, VP Exploration of the Company. “These new hi...