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White Gold Welcomes Significant Federal and Territorial Government Funding to Improve Road Access in White Gold District
TORONTO, ONTARIO--(Marketwired - Sept. 5, 2017) - White Gold Corp. (TSX VENTURE:WGO) (the "Company") applauds the announcement made on September 2, 2017 by Prim
About this update from White Gold Corp.
[{"type":"text","content":"TORONTO, ONTARIO--(Marketwired - Sept. 5, 2017) - White Gold Corp. (TSX VENTURE:WGO) (the \"Company\") applauds the announcement made on September 2, 2017 by Prime Minster Justin Trudeau and Yukon Premier Sandy Silver committing more than $360 million in combined federal and territorial funding to improve road access in two mineral-rich areas in Yukon, including the Dawson Range which hosts the White Gold District. In total, the Yukon Resource Gateway Project will help upgrade over 650 kilometres of road and build or replace numerous bridges, culverts and stream crossings. In the Dawson Range, four separate public road systems will be upgraded. The Company is the largest landholder in the White Gold District, Dawson Range, owning 390,000 hectares which represents approximately 40% of the district. The properties range from grass roots to more advanced exploration projects, including approximately one million ounces of gold grading between 2.7 and 3.19 grams per tonne (g/t) gold (Au) on the Golden Saddle area based on historic estimates of measured and indicated resources on its White Gold property, in addition to the Arc zone, where the historic resource included 170,470 ounces of gold at a grade of 1.21 g/t Au in the inferred category. White Gold Corp. is run by a highly experienced technical team with a track record of multiple discoveries in the White Gold District, and is currently carrying out a fully financed three year exploration program including the expansion of the historic resources. As at the date hereof, Agnico Eagle Mines Limited and Kinross Gold Corporation (\"Kinross\") each own approximately 19.9% of the Company. Shawn Ryan, Chief Technical Advisor and a Director of the company, commented: \"The historic Yukon Resource Gateway project as announced by Prime Minster Justin Trudeau and Yukon Premier Sandy Silver represents a major step forward towards unlocking Yukon's mineral potential. White Gold Corp. is fully committed and looks forward to continue working with the Federal, Territorial and First Nation Governments as we advance our exciting portfolio of Yukon projects for the benefit of all Canadians.\" The White Gold Property The White Gold property is located approximately 95km south of Dawson City, Yukon and consists of 1,835 claims covering approximately 36,265 hectares. The property was historically explo...