Kinross Gold Corp (KGC)

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Kinross Gold Corp KGC:NYSE
White Gold Corp. Makes New High-Grade Gold Discovery 15km West of Vertigo; Ongoing Regional Exploration Program Identifies Multiple Additional High-Priority Targets
GlobeNewswire
7:34 AM ET
White Gold Corp. (TSX.V: WGO, OTC - Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce results from its 2019 regional soil sampling program which identified multiple new high-priority gold targets, including a new high-grade gold discovery, the Titan target. The Titan is located on the road accessible Hen property, contiguous to the Company's JP Ross property, less than 15km WNW from the Vertigo discovery, Yukon, Canada. Exploration results on the Titan include soil samples of up to >100,000 ppb Au, the highest soil value ever recorded within the Company's White Gold District soil database comprised of 400,000+ soil samples. These soil samples are interpreted as being in-place and representative of the bedrock below due to the unglaciated nature of the area, indicating high priority targets for upcoming follow up activity including probe, trenching and RAB/RC drilling. The Company's regional exploration program backed by partners Agnico Eag le Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC) is ongoing on several high-priority gold targets, with activity including GT Probe sampling, geophysical surveys, trenching, geologic mapping, prospecting and RAB drilling, with related results to be released in due course.

Highlights Include:

-- New high-grade gold discovery on Titan target, Hen property. Results exceed 100,000 ppb Au, highest ever in company's 400,000+ soil sample database; located less than 15km WNW from Vertigo discovery.

-- Preliminary follow up exploration encountered fine-grained visible gold in the subcrop of strongly quartz-sericite altered mafic gneiss with up to 5% disseminated magnetite.

-- Multiple new high priority targets identified. Soil sample results include; Nolan property up to 525.3 ppb Au, Wolf Property up to 247.2 ppb Au, among others.

-- Over 13,300 soil samples have been collected on 12 of the Company's regional properties this season.

-- Follow up work on the Titan and other regional targets is in progress; activity includes trenching, GT Probe sampling and RAB drilling, with results to be released in due course.

-- Diamond drill results on Golden Saddle, Arc, Ryan's Surprise and Vertigo targets as well as RC drill results on the VG Zone, to be released in coming weeks.

-- Management to present at upcoming Beaver Creek Precious Metals Summit and Denver Gold Forum.

Images to accompany this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

"Our soil sampling program has continued to successfully identify new gold zones and lead to significant discoveries across our vast portfolio of properties," stated Jodie Gibson, VP of Exploration. "The Titan gold in soil grade at Hen is the highest we have ever recorded in the White Gold District. Ongoing follow-up activities which have also identified the presence of visual gold make the Titan a very exciting and highly prospective drill target. Located 15km from the Vertigo, this discovery is further evidence of a potential major gold system in t he placer-rich Henderson Creek region that we are starting to tap into."