White Gold Corp. Outlines Significant Gold Anomalies at the Nolan Property, Yukon, Canada
TORONTO, May 06, 2021 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTC: WHGOF, FRA: 29W) (the “Company”) is pleased to announce significant soil geochemistry
results from the Company's 2020 exploration program outlining significant gold anomalies on its Nolan property, located approximately 50km west of Dawson City, Yukon and 15km east of the Alaska
border. The Nolan is a large property comprised of 2,219 claims across 43,778 hectares in the active Sixtymile placer gold camp on which several kilometre scale gold anomalies have now been
identified. 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 Corporation (TSX: K, NYSE:
KGC) on its extensive 420,000 hectare land package in the prolific White Gold District, Yukon, Canada.
- The Nolan property is located in the active Sixtymile placer gold camp of west Yukon, which has produced over 500,000 ounces of placer gold to date.
- The property hosts multiple large targets with the potential for several mineral deposit types including orogenic gold, epithermal precious and base metal veins and porphyry Cu-Mo-Au.
- 2020 Exploration work included ground magnetics, VLF-EM surveys and 1,648 infill soil geochemistry samples in the Mount Hart area, with values of up to 1120 ppb Au, which has further enhanced several multi-element anomalies within a large (5km N-S x 3.5km E-W) anomalous area that will be further evaluated this coming season.
- 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 the delineation of these targets in this area of significant placer mineralization. It is further evidence of the expansiveness of gold mineralization in the White Gold District, and the effectiveness of our exploration methodologies. The exploration methodologies and results to date are encouraging based on the similarities to those that have led to the discovery of significant deposits within the White Gold District. We are excited to advance these targets with additional testing and first ever diamond drilling in the coming months,” commented David D’Onofrio, CEO of the Company.