Precious Metals

Whitehorse Gold Announces Stock Option Cancellation

Whitehorse Gold Announces Stock Option Cancellation

Whitehorse Gold Corp. (TSXV: WHG) (OTCQX: WHGDF) ("Whitehorse Gold" or the "Company") announces that the Company has cancelled an aggregate of 1,475,000 stock options (the "Cancelled Options") previously held by certain directors, officers, consultants and employees of the Company.

The terms of Cancelled Options were as follows:

Number of
Cancelled Options
Original Date of
Grant
Expiry DateExercise Price
1,475,000February 25, 2022February 24, 2027$0.50

 

Under the Company's rolling 10% incentive stock option plan (the "Plan"), the Company may grant up to an aggregate of 5,296,492 stock options. Upon completion of the cancellation, the Company will have 2,612,499 stock options outstanding under the Plan.

ABOUT Whitehorse Gold CORP.

Whitehorse Gold is a responsible mineral exploration and development company focused on its 170-square-km Project located in southern Yukon, approximately 55 km south-southwest of Whitehorse. The Project hosts the advanced-stage Skukum Creek and Goddell deposits, and the formerly producing Mt. Skukum high-grade gold mine, all of which remain open for expansion, plus additional untested mineralized occurrences. Project infrastructure includes an all-weather access road, a 50-person camp, approximately 6 kms of underground development, and a previously operating 300-tpd mill and associated support facilities. Underground operations by a previous operator at Mt. Skukum from 1986 to 1988 saw 233,400 tons of ore mined and processed to recover approximately 79,750 ounces of gold (Total Energold Corporation, 1989). The Company is also reviewing other mining assets in jurisdictions that provide year round access.

On Behalf of Whitehorse Gold Corp.
signed"Gordon Neal"
Gordon Neal, CEO & Director

For further information please contact:
Investor Relations, Whitehorse Gold Corp.
Phone: 604-336-5919
Email: info@whitehorsegold.ca
www.whitehorsegold.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/118702

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WHG:CA
Whitehorse Gold Signs Agreement to Acquire 100% Interest of The Porvenir Tin Project in Bolivia

Whitehorse Gold Signs Agreement to Acquire 100% Interest of The Porvenir Tin Project in Bolivia

Whitehorse Gold Corp. (TSXV: WHG) (OTCQX: WHGDF) ("Whitehorse Gold" or the "Company") announces that its wholly-owned subsidiary, Stannum Metals Corp., on August 22, 2022 signed an agreement to acquire a 100% interest in a private Bolivian incorporated mining company (the "Porvenir Tin Company") from its three shareholders (the "Vendors"). The Vendors are Bolivian nationals and arm's length parties.

The Porvenir Tin Company's main asset is the Porvenir tin-zinc-silver-lead polymetallic mineral Project (the "Property"), or ATE (Temporary Special Authorization), located in the Oruro Department, Bolivia (see Figure 1 for location). The Property was subjected to some small-scale, historic mining and was explored and drilled by Japanese mining company, Dowa Metals and Mining Company ("Dowa") in 2005 (see Figure 2 for Property map and drill locations). In total, Dowa completed 88 diamond drill holes in approximately 25,000 metres ("m") based on the data acquired by the Company from an independent source.

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Whitehorse Gold Signs Agreements to Acquire a Bolivian Tin Project and Adds Board Member

Whitehorse Gold Signs Agreements to Acquire a Bolivian Tin Project and Adds Board Member

Whitehorse Gold Corp. (TSXV: WHG) (OTCQX: WHGDF) ("Whitehorse Gold" or the "Company") announces that its wholly-owned subsidiary, Stannum Metals Corp., has signed agreements to acquire a 100% interest in a private Bolivian incorporated mining company (the "Tin Company") from its three shareholders (the "Vendors"), free of any debt (the "Agreements"). The Vendors are Bolivian nationals and arm's length parties.

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Total issued and outstanding Common Shares as at Record Date: 21,133,510
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Whitehorse Gold Corp. (TSXV: WHG) (OTCQX: WHGDF) ("Whitehorse Gold" or the "Company") is pleased to announce that it has granted, subject to regulatory approval, an aggregate of 1,805,000 stock options to directors, officers, employees and consultants of the Company, pursuant to the terms of the Company's stock option plan. The options are exercisable for a period of 5 years from the date of grant at price of $0.50 per share, being the closing price of the common shares on the TSX Venture Exchange ("TSX-V") on April 6, 2022. The options vest in six equal tranches over a period of three years, and are subject to the provisions of the plan and the policies of the TSXV.

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Whitehorse Gold Corp. (TSXV: WHG) (OTCQX: WHGDF) ("Whitehorse Gold" or the "Company") is pleased to announce that it has entered into to a loan agreement ("Loan Agreement") with a private Guinean gold mining company which owns certain mining concessions and licenses located in Guinea (the "Properties"), in exchange for a four-month exclusive right to negotiate an option acquisition agreement to acquire a 100% interest in the Guinean gold mining company (the "Borrower").

Loan Details

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The intention of the visit was for RAID to experience firsthand the positive impact Barrick has had since assuming operational control of North Mara in September 2019. In the course of the visit, RAID were given a comprehensive presentation on the mine's operations and operating environment and were able to view the transformative impact the mine's sustainability strategy has had on its host communities, as is the case for all Barrick mines.

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