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White Gold Intersects Gold Mineralization Supporting Continuity of the Arc Deposit, Encounters Gold on Newly Defined Target and on Schedule to Provide Updated Mineral Resource Estimate in Q1 2018
TORONTO, ONTARIO--(Marketwired - Jan. 19, 2018) - White Gold Corp. (TSX VENTURE:WGO) (the "Company") is pleased to announce final reverse circulation ("RC") dri
About this update from White Gold Corp.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - Jan. 19, 2018) - White Gold Corp. (TSX VENTURE:WGO) (the \"Company\") is pleased to announce final reverse circulation (\"RC\") drill results for the White Gold Property, Yukon from its 2017 exploration program. This final batch includes 2 holes from the historical Golden Saddle deposit (the \"Golden Saddle deposit\" or \"Golden Saddle resource\")(4), 6 holes from the historical Arc deposit (the \"Arc deposit\")(4) as well as 5 holes from newly defined exploration targets. These new targets were primarily defined through a recently completed airborne geophysical survey that included magnetic and electromagnetic (DIGHEM) data. All drill assays from the White Gold Property have now been released and the Company is in the process of compiling the relevant databases for independent review and calculation of an updated National Instrument 43-101 mineral resource estimate. The Company expects to have a resource estimate ready for release in Q1 2018. Detailed maps related to the drilling and additional information can be found at http://whitegoldcorp.ca/investors/exploration-highlights/. Highlights include: Gold encountered on all Arc Zone drill holes; adding continuity to mineralization including infill of recently announced 250m strike length extension. Arc hole WHTARC17RC-005 returned 7.62m of 3.95 g/t Au from 62.48m depth; including 1.52m of 17.8 g/t Au from 62.48m depth, representing a 60m down-dip step-out of historic hole WD-073(4) and infilling a 150m gap in the central portion of the historic resource area. Strong potential for subparallel zones of mineralization below historic Arc resource area identified. All holes on the Ulli's target maiden drill program encountered gold, including WHTULR17RC-002 which intercepted 9.7 g/t Au over 1.52m from 97.54m depth, ending in mineralization, and hole WHTULR17RC-001 which intercepted 2.58 g/t Au over 3.048m from 7.62m depth and 6.27 g/t Au over 1.52m from 67.06m depth. Continuity added to the near surface expression of the Golden Saddle Main Zone and Golden Saddle Footwall extended 40m up dip. \"Since acquiring the White Gold Property in June 2017, we have successfully completed an aggressive exploration program on the property, comprised of 4 diamond drill holes, 31 reverse circulation holes, 1,224 line-km of airborne DIGHEM surveys, 17.2 line-km of IP...