The Betty property lies along strike and approximately 40 km east-southeast (Figure 2) of
This drill program forms part of the Company’s 2023 fully funded exploration program on its extensive and underexplored 350,000 hectare land package in the emerging
“These results have significantly expanded the width of the near surface gold zone at Betty Ford which remains open, and are once again amongst the highest-grade drill holes in the district and are in an area that has produced some of the most substantial deposits in the
Maps and images accompanying this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/. Assay results and drill collar details for
Highlights:
- 2023 exploration diamond drilling (Figure 2) was designed to further evaluate the zone of near-surface high grade gold mineralization encountered in 2021 (BETFD21D003: 3.46 g/t Au over 50 m) and 2022 (BETFD22RC004: 8.94 g/t Au over 18.29 m), and also test for the presence of a mineralized buried porphyry at depth, as well as a possible feeder contact/structure for the gold mineralization.
- BETFD23D014 intersected 2.96 g/t Au over 46.5 m from 11.5 m depth, including a high-grade core of 5.03 g/t Au over 25 m from 30 m depth
- BETFD23D014 increased the width of the high-grade gold zone by at least 50%, remaining open for further expansion and intercepted the highest grades to date in the eastern portion of the zone.
- The high-grade mineralized oxide gold zone has now been traced for 175m along strike, 75m depth and up to 90m in width to date, and is open for expansion with the breccia strike known to extend for at least 500m which remains largely untested.
- Recent gold intersections within the sulphide domain also suggests the presence of gold bearing structures beneath the high-grade oxide gold zone.
- A detailed video overview of BETFD23D014 diamond drill core can be found here: https://youtu.be/5222x6aH3QM?si=PlDGcjjWW1euTGNP
- Company management will be hosting a Live Virtual Webinar today
November 8 th, 2023 at11am , to provide further details of the 2023 results at the Betty Ford Target, see details below. - The Company will be attending and presenting at the
Yukon Geoscience Forum 2023, see details below. - Additional results from the Company’s 2023 exploration program to be announced in due course.
Live Webinar Corporate Update
Company management will be hosting a live virtual webinar to provide an overview of the Betty Ford target and 2023 results released to date and followed by a live interactive Q&A session. Interested parties are encouraged to register and attend below.
Date:
Time:
Registration: https://events.6ix.com/preview/reviewing-the-geology-of-the-betty-ford-gold-drill-results
The Betty property comprises 860 quartz claims which cover an area of 17,127 hectares and hosts several prospective exploration targets including
Gold mineralization at the Betty Ford target is hosted in a polylithic breccia unit along an east-west striking splay structure located approximately 1.5 km south of and parallel to the Coffee Creek Fault. The target, which forms an approximately 1 km long east-west trending gold-in-soil anomaly with gold values ranging from trace up to 1,961 ppb Au, was initially RAB drill tested by the Company in 2018 with hole BETFRDRAB18-002 intersecting near surface gold mineralization averaging 1.08 g/t Au over 50.29 m from 4.57 m depth. During 2021 and 2022, the Company completed 11 diamond drill holes totalling 2,297 m and 2 RC holes totalling 201 m to further test the target along an approximately 250 m strike length. This drilling has continued to intersect a broad zone of near-surface gold mineralization within the polylithic breccia host unit that has returned 1.17 g/t Au over 48.00 m in hole BETFD21D001, 3.46 g/t Au over 50.0 m in BETFD21D003, 1.50 g/t Au over 55.15 m in BETFD22D007, and 8.94 g/t Au over 18.29 m in BETFD22RC004 including 21.73 g/t Au over 6.10 m. Thus far, mineralization has been traced for approximately 175 m along strike and to a vertical depth of 75 m. The zone remains open primarily to the east for a minimum of 100 m and further evaluation of the target is recommended. In the eastern region of
The 2023 diamond drilling program (Figure 3) at the Betty Ford target comprised 4 holes totaling 1,165 m that was designed to test: 1) the presence of a mineralized buried porphyry at depth beneath the polylithic breccia unit; 2) a possible feeder contact/structure identified from VLF-EM surveying; 3) a strong gold-in-soil anomaly in the area of an eastern gully and interpreted fault structure; and 4) controls on higher grade gold mineralization such as that intersected in hole BETFD22RC004.
Assay highlights for the 2023 Betty Ford diamond drilling program are summarized below in Table 1. Results for hole BETFD23D012 and partial results for BETFD23D013 were previously announced and provided in a Company news release dated
Hole BETFD23D014 (Figure 4) was drilled to test the eastern and southern extension of gold mineralization within the central polylithic breccia and to test for a possible fault which appears to offset the breccia further to the east dextrally. The hole collared in oxidized mineralized breccia, which then passed through a transitional zone to approximately 60 m in depth. The targeted fault was intersected at a depth of approximately 190 m. In the polylithic breccia, the hole intersected 2.96 g/t Au over 46.50 m from 11.50 m depth, which included a higher-grade subinterval of 5.03 g/t Au over 25.00 m (Figure 5). These results continue to demonstrate the high-grade potential of the breccia in the eastern portion of the central polylithic breccia, where, approximately 50 m to the west, hole BETFD21D003 intersected 3.46 g/t Au over 50 m. Most importantly, this hole has extended the host breccia unit to the south to a minimum of 75 m wide, where previous interpretations estimated the breccia in this area to be approximately 50 m wide.
Detailed petrographic studies and structural analysis suggest two separate controls on gold mineralization. Within the oxide and transitional domains, gold is hosted primarily within the matrix of the breccia and typically occurs along grain boundaries of pyrite and lesser sphalerite. Within the sulphide domain, at depths greater than approximately 75 m, gold mineralization may be hosted in discrete microfractures, suggesting a more significant structural component to gold mineralization within the breccia at depth. Various types of porphyry clasts are abundant within the breccia, along with the presence of at least two distinct in situ porphyry dykes which crosscut the breccia unit. Age dating of these dykes is currently underway to determine potential associations with the nearby Casino porphyry deposit. The current interpretation of
Table 1. Highlights of 2023 Diamond Drilling Gold Assay Results for the Betty Ford Target.
Hole No. | From (m) | To (m) | Length (m)* | Au (g/t)** |
BETFD23D012*** | 166.70 | 175.00 | 8.30 | 1.20 |
Including | 174.00 | 175.00 | 1.00 | 5.51 |
BETFD23D013*** | 7.30 | 60.30 | 53.00 | 3.38 |
Including | 18.00 | 24.30 | 6.30 | 7.19 |
And | 38.80 | 43.15 | 4.35 | 8.00 |
BETFD23D014 | 11.50 | 58.00 | 46.50 | 2.96 |
Including | 30.00 | 55.00 | 25.00 | 5.03 |
BETFD23D015 | Assays Pending |
* All drill hole intercepts reported herein are core lengths. Currently there is insufficient data to estimate true thicknesses.
** Gold assays are uncapped.
***
Table 2. Collar details for 2023 Diamond Drill Holes at the Betty Ford Target.
Hole Number | Azimuth | Dip | Length | |||
Easting (m) | Northing (m) | Elevation (m) | (°) | (°) | (m) | |
BETFD23D012 | 624,600 | 6,963,430 | 855 | 0 | -70 | 201 |
BETFD23D013 | 624,701 | 6,963,607 | 856 | 175 | -75 | 503 |
BETFD23D014 | 624,724 | 6,963,561 | 870 | 20 | -60 | 250 |
BETFD23D015 | 624,577 | 6,963,583 | 816 | 195 | -50 | 211 |
TOTAL | 4 holes | 1,165 |
The Company will be presenting a corporate update and
Website: https://yukonminers.org/geoscience/
Event Dates:
Location: Kwanlin Dün Cultural Centre
Corporate Presentation
Date & Time:
Presenter:
Betty Ford Technical Presentation:
Date & Time:
Presenter:
QA/QC
Analytical work for the 2023 diamond drilling program was performed by Bureau Veritas, an internationally recognized analytical services provider, at its
The reported diamond drilling sampling program work was completed using industry standard procedures, including a quality assurance/quality control (“QA/QC”) program consisting of the insertion of standard, blank, and duplicate samples into the sample stream. BV also runs a comprehensive QA/QC program of standards, duplicates, and blanks within each sample stream.
About
The Company owns a portfolio of 17,584 quartz claims across 30 properties covering approximately 350,000 hectares representing over 40% of the Yukon’s emerging
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Qualified Person
Cautionary Note Regarding Forward Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “proposed”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include:
The expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
For Further Information, Please Contact:
Contact Information:
David D’Onofrio
Chief Executive Officer
(647) 930-1880
ir@whitegoldcorp.ca
Request Meeting: https://calendly.com/meet-with-wgo/15min
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/692781a2-7b9b-45a9-8004-7a38062c74a4
https://www.globenewswire.com/NewsRoom/AttachmentNg/9cbee558-de6e-47b1-b36b-2acc088fa2e4
https://www.globenewswire.com/NewsRoom/AttachmentNg/e16d409c-d071-43d6-8fae-855822369374
https://www.globenewswire.com/NewsRoom/AttachmentNg/6cee7435-b429-42d4-89fb-f6460d967c86
https://www.globenewswire.com/NewsRoom/AttachmentNg/ebede132-26c9-4cfb-b053-ee84904f42fb
Figure 1 - Betty location
Figure 1 - Betty location
Figure 2 - Betty Regional
Figure 2 - Betty Regional
Figure 3 - BETFD23D014 Plan Map
Figure 3 - BETFD23D014 Plan Map
Figure 4 - BETFD23D014 Cross Section
Figure 4 - BETFD23D014 Cross Section
Figure 5 - BETFD23D014 Oxide-Gold Relationship
Figure 5 - BETFD23D014 Oxide-Gold Relationship
2023 GlobeNewswire, Inc., source