Highlights Include:
- Twenty-nine (29) trenches totalling 1,114 linear metres were trenched on 9 separate target areas utilizing an 8-ton tracked excavator. Results expanded known structurally controlled gold mineralization at multiple targets on the road accessible JPR property. Additional targets also to be tested in due course.
- Stage Fright target, trench JPRSF20T009 encountered a high-grade zone grading 8.88 g/t Au over 2.5m, and trench JPRSF20T010 exposed two separate mineralized zones grading 1.06 g/t Au over 2.5m, and 1.83 g/t Au over 2.5m.
- At the Sabotage target, five of seven trenches encountered gold mineralization including 3.40 g/t Au over 1.5m in trench JPRSAB20T023, 1.15 g/t Au over 8.5m in trench JPRSAB20T025, and 1.06 g/t Au over 2.1m and 15.00 g/t Au over 0.8m in trench JPRSAB20T029.
- Trenching on the North Frenzy target traced a north-south striking zone of mineralized quartz vein breccias with anomalous gold over a strike length of 600m.
- GT Probe (top of bedrock) samples on the newly identified and previously untested Notorious target area encountered multiple anomalous gold values ranging from 0.17 g/t Au to 24.4 g/t Au.
- Significant follow-up exploration work was executed pursuant to these findings which included expanded soil geochemistry surveys, a phase 2 trenching program utilizing a CanDig mini-excavator, hand excavated soil pits on existing anomalies and RAB drilling on several high priority targets.
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“We are pleased to have encountered additional gold mineralization across multiple recently identified zones as well as the high-grade gold mineralization on the newly discovered Notorious target, providing further indication that the abundant gold mineralization is part of a robust regional scale structurally controlled system. To date at least 14 gold targets have been identified on the JP Ross property across a 14km by 11km area, many within close proximity to significant current and historical placer gold operations,” stated David D’Onofrio, Chief Executive Officer. “This program has also provided valuable insight into the orientation and geometry of the mineralized systems, information that has been incorporated into our scientific and data driven methodology to define drill targets for the current and future seasons.”
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JP Ross Property
The JPR is a large road accessible property covering 76,385 hectares centered on the famed
JP Ross Trenching Program
Twenty-nine (29) trenches totalling 1,114 linear metres were excavated in 9 separate target areas on the JPR property on targets highlighted by 2019 results from soil geochemistry, GT probe samples, VLF surveys, RAB drilling, and geological and structural interpretations. All trench locations were road accessible and were excavated utilizing an 8-ton tracked excavator. Overburden in the project area is thin, and individual trenches generally vary from 1.0m to 2.25m deep (average 1.75m) and from 10m to 100m long. Wherever possible, continuous composite chip samples were collected from each trench with sample lengths typically ranging between 0.5m and 2.5m. The weathered and fractured nature of surficial bedrock in this area precludes high pressure washing and channel sampling as is typical for many trenching programs in
The primary goal of this work was to collect key structural data on mineralized veins, shear zones, faults, etc. which will aid in ongoing detailed interpretations and drill planning. The results have identified additional widespread structurally controlled gold mineralization at multiple targets. Prospective trench results from this program in conjunction with other exploration results, have been followed up with a series of RAB holes to drill test these targets and will be used to define future drill targets.
Individual assays for the reported results ranged from trace to 15.0 g/t Au. The most significant results are discussed in more detail below.
Supplementary JP Ross Exploration Program
During September, additional exploration work was carried out on the JP Ross property to define and further test a number of additional anomalies and target areas. This work included:
- 835 additional soil samples to follow up on anomalies identified in earlier 2020 soil sampling.
- 88 GT Probe samples on 4 lines.
- 6 small ground magnetics and VLF-EM grids totalling 36.5 line km.
- 40 hand-dug soil pits on strong prospecting rock sample results and soil anomalies (focussing on gold values ranging from 200 ppb to 3,700 ppb Au). The pits were dug until sub-crop was encountered, or to the depth of the original soil sample (up to 1.0m deep). A total of 18 rock samples were collected from the pits for assay.
- 11 CanDig trenches totalling 384m.
- 615m of RAB drilling.
Initial GT probe sample results received from the Notorious target area, located approximately 1.5km west of the North Frenzy, are encouraging with multiple samples returning anomalous gold values in the range of 0.17 g/t Au to 24.4 g/t Au. This new target area is located approximately 500m east of the intersection of two interpreted, property-scale sinistral faults, the west-northwest (285°) striking Frenzy Fault and the northeast (065°) striking Fright Fault. The 24.4 g/t Au probe sample was investigated by digging a 1.5m deep hand pit and a series of samples of the rocks encountered at all depths were collected. The deepest samples at 1.4m and 1.5m depths, returned portable XRF readings that are anomalous in tungsten, lead and bismuth, consistent with ICP analytical results received for the probe sample.
The results for the additional exploration work programs, to be released in due course, will aid in planning exploration programs for the 2021 season, which is expected to include additional RAB and diamond drilling on several high priority targets.
Summary of Trenching Results
Stage Fright
The Stage Fright is located 9.2km NW of Vertigo and covers multiple gold-in-soil anomalies over a 2,700m by 400m NE trend. Three (3) trenches were excavated at Stage Fright where previous CanDig trenching and RAB drilling encountered gold mineralization including 2.31 g/t Au over 16.76m in hole JPRSF19RAB-005. Trench JPRSF20T009 exposed a fracture-controlled oxidized zone in intermediate orthogneiss with narrow quartz and pyrite veinlets, which graded 8.88 g/t Au over 2.5m. Trench JPRSF20T010 cut a potassium feldspar and chlorite altered augen gneiss containing narrow quartz and specular hematite veinlets and exposed two separate mineralized zones grading 1.06 g/t Au over 2.5m and 1.83 g/t over 2.5m.
Sabotage
The Sabotage target is located approximately 7.5km NW of Vertigo and is comprised of a series of soil anomalies over a 2,100m by 800m NE trend. Seven (7) trenches were excavated at Sabotage with 4 being deeper re-digs of 2019 CanDig trenches that had encountered gold mineralization including 2.69 g/t Au over 10.0m in trench JPRSAB19T016 (see
North Sabotage
The North Sabotage target is located approximately 9.0km NW of Vertigo. Two (2) trenches were excavated at North Sabotage, a 350m by 50m soil anomaly, to test strong gold-in-soil values of up to 760 ppb Au (trench JPRNSAB20T003) and 667 ppb Au (trench JPRNSAB20T004). Trench JPRNSAB20T004 cut strongly sericitized and well foliated felsic orthogneiss with one mineralized zone grading 1.79 g/t Au over 2.5m.
Vertigo
Four (4) trenches were excavated at Vertigo primarily to test a number of interpreted fault structures. Three of the four trenches exposed narrow mineralized oxidized and vuggy quartz veins within felsic to intermediate gneisses including 4.51 g/t Au over 1.5m in JPRVER20T016, 0.91 g/t Au over 2.0m in JPRVER20T017, and 2.78 g/t Au over 1.8m in JPRVER20T018.
North Frenzy
North Frenzy is located 9km N of Vertigo. Four (4) trenches were excavated at North Frenzy where previous CanDig trenching and limited drilling (diamond and RAB drilling) encountered gold mineralization in quartz vein breccias in metaquartzites, associated with a 2km long north-south trending Au-Ag-As-Pb soil anomaly. Trenches JPRNF20T009, JPRNF20T010 and JPRNF20T011 each exposed quartz vein breccias which returned low-grade gold (0.20-0.50 g/t Au) over widths of approximately 2.0m to 10.0m. The zone is open along strike to the north and at depth.
Frenzy, X-Man and Lifeboat
Two (2) trenches at the Frenzy target located 7.6km N of Vertigo tested gold-in-soil and/or GT probe anomalies. Trench JPRFRE20T006 tested a soil anomaly of up to 357 ppb Au and GT Probe sample results of 0.37 to 1.35 g/t Au, and exposed strongly oxidized micaceous quartzites cut by thin quartz veinlets containing disseminated pyrite and arsenopyrite and patchy quartz-sericite alteration. A single mineralized zone returned 0.37 g/t Au over 8.8m.
A single trench at the Lifeboat target, located 7.3km NW of Vertigo, JPRLFB20T004 tested a gold-in-soil anomaly of up to 965 ppb Au, and a GT probe anomaly of up to 0.71 g/t Au.
Four (4) trenches were excavated at the X-Man target located 12km NE of Vertigo, and based on existing geochemistry results, appears to represent a potential porphyry target. The trenches were primarily testing anomalous gold-in-soil anomalies with values in the range of 122 ppb Au to 319 ppb Au. The trenches exposed tuffaceous volcanic rocks of the
Table 1: Summary of Significant Gold Assay Results, 2020 JP Ross Property Trenches
Target Area | Trench ID | From | To | Width* | Gold |
(m) | (m) | (m) | (g/t) | ||
Stage Fright | JPRSF20T009 | 12.5 | 15.0 | 2.5 | 8.88 |
JPRSF20T010 | 12.5 | 15.0 | 2.5 | 1.06 | |
JPRSF20T010 | 20.0 | 22.5 | 2.5 | 1.83 | |
Sabotage | JPRSAB20T023 | 2.5 | 7.5 | 5.0 | 0.56 |
JPRSAB20T023 | 12.5 | 19.0 | 6.5 | 0.87 | |
JPRSAB20T023 | 38.5 | 40.0 | 1.5 | 3.40 | |
JPRSAB20T024 | 0.0 | 5.5 | 5.5 | 0.11 | |
JPRSAB20T025 | 7.5 | 16.0 | 8.5 | 1.15 | |
inc. | 7.5 | 12.5 | 5.0 | 1.87 | |
JPRSAB20T026 | 15.8 | 22.8 | 7.0 | 0.25 | |
JPRSAB20T029 | 2.2 | 4.3 | 2.1 | 1.06 | |
inc. | 2.2 | 2.8 | 0.6 | 3.05 | |
JPRSAB20T029 | 11.1 | 11.9 | 0.8 | 15.00 | |
North Sabotage | JPRNSAB20T004 | 13.5 | 16.0 | 2.5 | 1.79 |
Vertigo | JPRVER20T016 | 26.1 | 28.2 | 2.1 | 0.30 |
JPRVER20T016 | 36.0 | 37.5 | 1.5 | 4.51 | |
JPRVER20T017 | 38.7 | 40.7 | 2.0 | 0.91 | |
JPRVER20T018 | 2.2 | 4.0 | 1.8 | 2.78 | |
North Frenzy | JPRNFR20T009 | 5.0 | 10.5 | 5.5 | 0.21 |
JPRNFR20T009 | 14.2 | 23.0 | 8.8 | 0.21 | |
JPRNFR20T009 | 30.5 | 32.5 | 2.0 | 0.44 | |
JPRNFR20T010 | 0.0 | 2.5 | 2.5 | 0.30 | |
JPRNFR20T010 | 30.0 | 32.5 | 2.5 | 0.48 | |
JPRNFR20T011 | 8.0 | 10.5 | 2.5 | 0.40 | |
JPRNFR20T011 | 15.4 | 18.9 | 3.5 | 0.30 | |
JPRNFR20T011 | 26.0 | 27.0 | 1.0 | 0.37 | |
X-Man | JPRXM20T003 | 2.5 | 10.0 | 7.5 | 0.13 |
JPRXM20T003 | 23.0 | 24.5 | 1.5 | 0.38 | |
JPRXM20T005 | 0.0 | 37.4 | 37.4 | 0.24 | |
inc. | 0.0 | 6.0 | 6.0 | 0.56 | |
JPRXM20T006 | 2.0 | 12.0 | 10.0 | 0.41 | |
inc. | 6.0 | 12.0 | 6.0 | 0.59 | |
Frenzy | JPRFRE20T006 | 0.0 | 8.8 | 8.8 | 0.37 |
Lifeboat | JPRLFB20T004 | 23.0 | 25.5 | 2.5 | 0.55 |
*Note: All widths are reported as those measured along the length of the trench. True widths are unknown at this time.
QA/QC
Analytical work for the 2020 trenching program was performed by
The reported work was completed using industry standard procedures, including a quality assurance/quality control (“QA/QC”) program consisting of the insertion of certified standards and blanks into the sample stream.
About
The Company owns a portfolio of 21,207 quartz claims across 33 properties covering over 420,000 hectares representing over 40% of the Yukon’s prolific
(1)
(2)
(3) Noted mineralization is as disclosed by the owner of each property respectively and is not necessarily indicative of the mineralization hosted on the Company’s property.
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
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Contact Information:
David D’Onofrio
Chief Executive Officer
(647) 930-1880
ir@whitegoldcorp.ca
Source:
2020 GlobeNewswire, Inc., source