Precious Metals

Whitehorse Gold Intersects 7.7-metre Interval Grading 15.7 Grams per Tonne Gold at Mt. Skukum Deposit, Yukon

Whitehorse Gold Intersects 7.7-metre Interval Grading 15.7 Grams per Tonne Gold at Mt. Skukum Deposit, Yukon

 Whitehorse Gold Corp. (TSXV: WHG) (OTCQX: WHGDF) ("Whitehorse Gold" or the "Company") reports assay results of the remaining 30 drill holes from the 2021 drill program at its wholly-owned Skukum Gold Project (the "Project"), in southern Yukon.

The 30 drill holes were infill and step-out drill holes from the Skukum Creek, Mt. Skukum and Goddell deposits, which have further confirmed and expanded gold-silver mineralization on the Project. With all drill results now received (see Table 1), the Company is evaluating its exploration plans for the 2022 program.

Highlights of the drilling results:

  • Hole MS21-003 at the Mt. Skukum deposit intersected a 7.7 metre ("m") interval (from 82.0 to 89.7 m) grading 15.68 grams per tonne ("g/t") gold ("Au") in the Lake 1 Zone (see Figures 1 and 2). This is an infill hole and mineralization occurs within a series of chalcedonic quartz-calcite veins and veinlets.

  • Hole SC21-027 at the Skukum Creek deposit intersected a 14.0 m interval (from 473.7 to 487.7 m) grading 6.05 g/t Au and 106 g/t silver ("Ag"), including two separate intervals of 2.13 m grading 12.85 g/t Au and 203 g/t Ag, and 3.90 m grading 9.18 g/t Au and 183 g/t Ag, in the Rainbow Zone (see Figures 3 and 4). This is an infill/resource upgrade hole with gold-silver mineralization associated with a quartz vein breccia within a rhyolite dyke host emplaced in shear zone within granodiorites.

  • Hole RACA21-003 on the RACA zone (see Figures 5 and 6), adjacent to and east of the Skukum Creek deposit, intersected a 3.2 m interval (from 356.9 to 360.1 m) grading 0.76 g/t Au and 581 g/t Ag. An additional deeper interval of 2.65 m (from 425.5 to 428.2 m) graded 489 g/t Ag including a 0.3 m interval of 3,740 g/t Ag. This hole tests a new zone that encountered multiple narrow silver-rich quartz sulfide veins.

Table 1: Summary of All 2021 Drill Results at Skukum Gold Project (includes previously released results)

Hole IDFrom (m)To (m)Interval (m)1,2Au (g/t)Ag (g/t)AuEq (g/t)3,4Zone
GG21-001371.4374.352.951.4311.44Goddell deposit
GG21-002355.8357.221.423.0513.07
and383.13383.830.703.2213.24
and391.88392.070.193.9544.01
and531.62532.040.423.2271413.29
and552.96553.450.490.564927.5
MS21-001116.59117.430.842.1932.23Mt. Skukum deposit
(Cirque Zone)
MS21-002No significant assay results
MS21-009No significant assay results
MS21-010No significant assay results
MS21-0038289.737.7315.682616.05Mt. Skukum deposit
(Lake 1 Zone South)
MS21-0042032041.001.6971.78
and209210.21.202.0332.08
MS21-005160.241610.768.1258.82Mt. Skukum deposit
(Lake 1 Zone Central)
and169.5170.51.008.5558.62
MS21-006179.97188.858.883.1733.21
incl.179.97183.363.397.8577.94
MS21-007No significant assay results
MS21-008No significant assay results
MS21-011186.43186.730.3040.72241.01
MS21-01286.887.650.855.5855.64Mt. Skukum deposit
(Lake 2 Zone, Fox Zone)
179180.51.504.1224.14
MS21-013130.3131.130.832.5422.57
MS21-014104104.270.2732.42232.7
286.37286.680.313.253.2
RACA21-002
(Step-out)
136.54138.491.950.393955.91Skukum Creek deposit
(RACA Zone)
284.52284.900.381.40412
345.98347.781.801.06144011.28
435.00437.002.004.1054.2
RACA21-003
(Step-out)
58.0458.210.170.011011.52
161.45161.590.140.792784.71
317.75318.841.090.524566.95
356.87360.103.230.765818.95
389.46393.033.570.38561.17
425.51428.162.650.274897.17
incl.426.85427.160.311.90374054.6
SC21-001463.00464.311.312.11272.49Skukum Creek deposit
(Rainbow Zone)
SC21-002No significant assay results
SC21-00328.9629.570.612.70249037.81
SC21-00496.00104.008.001.52902.79
incl.102.21104.001.795.812699.61
SC21-00579.6588.759.102.811805.35
incl.79.6583.153.505.5737510.88
SC21-00678.6487.578.932.491204.18
incl.78.6483.044.403.821846.41
SC21-007Abandoned before reach the Rainbow Zone
SC21-008141.07152.4011.331.572284.78
incl.146.23148.442.216.05114222.16
SC21-009124.75139.8815.131.151433.17
incl.124.75128.043.292.8757110.92
and133.56134.631.074.691747.14
SC21-012143.95144.260.310.901252.7
202.52208.145.623.261785.78
incl.202.52204.371.858.6432013.15
206.89208.141.251.693186.17
SC21-013523.20527.874.675.34465.99
523.20525.692.497.74488.41
SC21-019218.00222.274.274.152517.68
229.07235.055.982.641765.12
incl.233.24235.051.815.8848912.78
SC21-020No significant assay results
SC21-021307.50325.0017.503.3447810.08
incl.312.95317.264.3110.45182536.18
SC21-022499.14500.060.922.59613.44
SC21-023370.00389.0019.004.371266.14
incl.377.00381.954.9513.6336318.74
SC21-025484.00486.002.005.55426.14
SC21-027
(step-out)
473.74487.7213.986.051067.54
incl.475.82477.952.1312.8520315.72
And481.30485.203.909.1818311.76
SC21-010343.79345.792.002.2022.2Skukum Creek deposit
(Rainbow Zone east)
398.39400.392.000.001602.3
SC21-014No significant assay results
SC21-011582.03582.250.222.401684.8Skukum Creek deposit
(Rainbow 2 Zone, Berg Zone)
588.75589.490.740.301292.1
SC21-015226.40243.5817.187.901009.1
incl.226.40228.812.419.409010.4
incl.239.34243.584.2426.8035030.8
SC21-016480.15480.300.151.90933.2
515.38516.300.929.4024912.9
548.19548.370.181.40382
SC21-017323.32325.322.004.65525.38
352.27352.650.380.761883.41
SC21-018277.73288.3110.584.97395.51
incl.282.55285.663.1115.0910116.52
319.00338.5519.552.19182.45
incl.330.15330.370.2216.156917
And332.89333.650.7611.9012213.62
And336.40336.900.5036.103736.62
SC21-024392.05392.910.8621.006621.9
SC21-026335.29336.411.123.202086.1

 

Notes:

  1. Drill location, elevation, azimuth, and dip of drill holes are provided in Table 2 below.
  2. Composites are length weighted.
  3. True width is estimated at 50-70% of drill intercepts.
  4. Calculation for gold equivalent ("AuEq") (g/t) = Au (g/t) + [Ag (g/t) x 0.0141] is based on the long-term median of the August 2021 Street Consensus Commodity Price Forecasts by BMO, which are US$1,600/oz for Au, US$22.50/oz for Ag. Au:Ag ratio is 1:71.
  5. Assumptions: AuEq calculation utilizes in situ contained Au and Ag and assumes 100% recovery.

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Figure 1: Plan view of the Mt. Skukum deposit showing main zones, drill hole traces and drill hole collar locations.

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Figure 2: Mt. Skukum deposit - Lake Zone 1 section showing 2021 drill intercepts and select historic drill intervals.

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Figure 3: Plan view of the Skukum Creek deposit showing main zones, drill hole traces and drill hole collar locations.

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Figure 4: Skukum Creek deposit - Rainbow Zone section showing 2021 drill intercepts and select historic drill intervals.

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Figure 5: Plan view of the RACA Zone drill hole traces and drill hole collar locations.

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Figure 6: RACA Zone section G-H showing drill hole RACA21-003 mineralized intervals.

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Table 2: Drill hole details for current and historic holes presented in Table 1 and Figures 1 to 6.

Hole_IDLength (m)UTM Easting (m)UTM Northing (m)Elevation (m)AzimuthDipLevelTargetProspect
MS21-00119747428466749031734293.2-58SurfaceCirque VeinMTS
MS21-00219147424166748041740300-53.1SurfaceCirque VeinMTS
MS21-00311547353966747051905100.1-54.3SurfaceLake ZoneMTS
MS21-00430147342366747321928104.3-66SurfaceLake ZoneMTS
MS21-00520047345066747861926109-54.1SurfaceLake ZoneMTS
MS21-00619747345566748831916118-52SurfaceLake ZoneMTS
MS21-00728647339166748841910107.8-48SurfaceLake ZoneMTS
MS21-0082644734556674883191695-50.8SurfaceLake ZoneMTS
MS21-00921947424166748041740310.1-56SurfaceCirque VeinMTS
MS21-01020847428466749031735297-65SurfaceCirque VeinMTS
MS21-0112224734556674883191686-46SurfaceLake ZoneMTS
MS21-01230147347166751181866113-48SurfaceLake ZoneMTS
MS21-01334447347166751181866111-58SurfaceLake ZoneMTS
MS21-01432547347366751541856104-45SurfaceLake ZoneMTS
SC21-00163347810066711431386292.8-46SurfaceRainbow ZoneSKC
SC21-00277047780766715011346177.8-47SurfaceRainbow ZoneSKC
SC21-00365447810066711431386277-57SurfaceRainbow ZoneSKC
SC21-00413047790766713371383280.9-45.2SurfaceRainbow ZoneSKC
SC21-00511147790766713371383299.8-48.2SurfaceRainbow ZoneSKC
SC21-00610547790766713371383331.8-53.3SurfaceRainbow ZoneSKC
SC21-0077247790766713371383319.8-44.6SurfaceRainbow ZoneSKC
SC21-00829447792566713221384278.4-48.7SurfaceRainbow ZoneSKC
SC21-00917047792566713221384289.1-51SurfaceRainbow ZoneSKC
SC21-01044147809966713851299345.2-45.2SurfaceRainbow ZoneSKC
SC21-01167347714766712461694150-62.2SurfaceRainbow 2 ZoneSKC
SC21-01226147803266713001348308.5-48.4SurfaceRainbow ZoneSKC
SC21-01362747810066711431386287-59SurfaceRainbow ZoneSKC
SC21-0148147802366714411298318.2-52.8SurfaceRainbow ZoneSKC
SC21-01534447720266711311692126.8-52.3SurfaceRainbow ZoneSKC
SC21-01656947712866711511709110.4-45.3SurfaceRainbow 2 ZoneSKC
SC21-01743547712866711511709136.3-45.5SurfaceRainbow 2 ZoneSKC
SC21-01839847712866711511709168.2-47.7SurfaceRainbow 2 ZoneSKC
SC21-01928647803266713001348316.5-52.8SurfaceRainbow ZoneSKC
SC21-02037147806666712541357318.5-55.8SurfaceRainbow ZoneSKC
SC21-02136847806566712531357303-54.8SurfaceRainbow ZoneSKC
SC21-02259747810166711401390286.7-55SurfaceRainbow ZoneSKC
SC21-02345647806566712531357299-61SurfaceRainbow ZoneSKC
SC21-02453047712966711511708120-51.5SurfaceRainbow 2 ZoneSKC
SC21-02554847810166711441386295.2-52.8SurfaceRainbow ZoneSKC
SC21-02642347712966711511708129-51SurfaceRainbow 2 ZoneSKC
SC21-02757247810166711431386305-54SurfaceRainbow ZoneSKC
GG21-00169448374666731001020138.5-44.4SurfaceGoddell GOD
GG21-00265848374666731001020150.8-53.2SurfaceGoddell GOD
RACA21-00248247807266717241272334.9-60SurfaceRacaSKC
RACA21-00353747817366717031268338-60.4SurfaceRacaSKC
MS11-018147357566747041905106-50SurfaceLake ZoneMTS
MS11-0210147357566747041905104-63.6SurfaceLake ZoneMTS
MS11-02A9047357466747011905106-60SurfaceLake ZoneMTS
MS11-031014735746674702190599-60SurfaceLake ZoneMTS
MS11-0410247357466747001905116.3-59.3SurfaceLake ZoneMTS
MS11-0824347344166747481926107.6-52.5SurfaceLake ZoneMTS
87-3658247357466747021906106.1-61SurfaceLake ZoneMTS
87-370914735726674705190797.8-69.8SurfaceLake ZoneMTS
87-37211347354066747051904104.1-63.1SurfaceLake ZoneMTS
87-3731224735396674705190498.1-73SurfaceLake ZoneMTS
88-291564734666674706175450.8-34.51750 levelLake ZoneMTS
88-5087947357466747151907125.1-62.5SurfaceLake ZoneMTS
86-19220947342566747341928107-58SurfaceLake ZoneMTS

 

Quality Assurance and Quality Control

Drill core from the Company's 2021 exploration program was logged and sampled in a secure core storage facility located at the Project site. Core samples from the 2021 program were cut in half, using a diamond cutting saw. Drill core and surface samples were sent to ALS Laboratories which are independent of the Company. Sample preparation was performed at the ALS Laboratory in Whitehorse, Yukon, followed by analysis at the ALS Laboratory in North Vancouver, British Columbia. ALS is an accredited mineral analysis laboratory. All samples were analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold were analysed utilizing standard Fire Assay-Gravimetric methods. Samples were also analyzed for a 48 multielement geochemical suite by ICP-MS with a four-acid digestion. Certified gold reference standards, blanks, field duplicates and coarse reject duplicates were routinely inserted into the sample stream, as part of Whitehorse Gold's quality control/quality assurance program.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed and approved by Alex Zhang, P. Geo., who is a Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). The Qualified Person has verified the information disclosed herein, including the sampling, preparation, security and analytical procedures underlying such information, and is not aware of any significant risks and uncertainties that could be expected to affect the reliability or confidence in the information discussed herein. Alex Zhang is the Vice President, Exploration of New Pacific Metals Corp..

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.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact included in this news release, including, without limitation, future plans with respect to the Project, including the 2022 exploration and resource upgrade and expansion plans, the success of exploration activities, development potential and plans at the Project, the future economics of the Project, future exploration and drill results from the Project and other future plans, objectives or expectations of the Company are forward-looking statements. Forward-looking statements are often, but not always, identified by words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Forward-looking statements are based on the opinions, assumptions, factors and estimates considered reasonable at the date the statements are made. The opinions, assumptions, factors and estimates which may prove to be incorrect, include, but are not limited to: that the Company will be able to carry on current and future operations as planned; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; that market fundamentals will result in sustained precious metals demand and prices; that there are no significant disruptions affecting operations, including labour disruptions, supply disruptions, power disruptions, security disruptions, damage to or loss of equipment, whether due to flooding, political changes, title issues, intervention by local landowners, environmental concerns, pandemics (including COVID-19) or otherwise; that the Company will be able to obtain and maintain governmental and regulatory approvals, permits and licenses in connection with its current and planned operations, development and exploration activities; that the Company will be able to obtain / maintain social licence at the Project; that the Company will be able to meet its current and future obligations; that the Company will be able to comply with environmental, health and safety laws; that the Company will be able to secure financing on suitable terms; the assumptions underlying mineral resource estimates and the realization of such estimates; and other assumptions and factors generally associated with the mining industry.

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 differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others: social and economic impacts of COVID-19; actual exploration results; changes in project parameters and outcomes as plans continue to be refined; results of future exploration activities and resource estimates; future metal prices; availability of capital and financing on acceptable terms; general economic, market or business conditions; risks associated with community relations and corporate social responsibility; uninsured risks; regulatory changes; defects in title; availability of personnel, materials and equipment on a timely basis; accidents or equipment breakdowns; delays in receiving government and regulatory approvals; unanticipated environmental impacts on operations and costs to remedy same; and other exploration risks or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.

Cautionary Note to US Investors

The disclosure in this news release and referred to herein was prepared in accordance with NI 43-101 which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). The terms "proven mineral reserve", "probable mineral reserve" and "mineral reserves" used in this news release are in reference to the mining terms defined in the Canadian Institute of Mining, Metallurgy and Petroleum Standards (the "CIM Definition Standards"), which definitions have been adopted by NI 43-101. Accordingly, information contained in this news release providing descriptions of our mineral deposits in accordance with NI 43-101 may not be comparable to similar information made public by other U.S. companies subject to the United States federal securities laws and the rules and regulations thereunder.

Investors are cautioned not to assume that any part or all of mineral resources will ever be converted into reserves. Pursuant to CIM Definition Standards, "Inferred mineral resources" are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Such geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures.

Canadian standards, including the CIM Definition Standards and NI 43-101, differ significantly from standards in the SEC Industry Guide 7. Effective February 25, 2019, the SEC adopted new mining disclosure rules under subpart 1300 of Regulation S-K of the United States Securities Act of 1933, as amended (the "SEC Modernization Rules"), with compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules replace the historical property disclosure requirements included in SEC Industry Guide 7. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of "Measured Mineral Resources", "Indicated Mineral Resources" and "Inferred Mineral Resources". In addition, the SEC has amended its definitions of "Proven Mineral Reserves" and "Probable Mineral Reserves" to be substantially similar to corresponding definitions under the CIM Definition Standards. During the period leading up to the compliance date of the SEC Modernization Rules, information regarding mineral resources or reserves contained or referenced in this news release may not be comparable to similar information made public by companies that report according to U.S. standards. While the SEC Modernization Rules are purported to be "substantially similar" to the CIM Definition Standards, readers are cautioned that there are differences between the SEC Modernization Rules and the CIM Definitions Standards. Accordingly, there is no assurance any mineral reserves or mineral resources that the Company may report as "proven mineral reserves", "probable mineral reserves", "measured mineral resources", "indicated mineral resources" and "inferred mineral resources" under NI 43-101 would be the same had the Company prepared the reserve or resource estimates under the standards adopted under the SEC Modernization Rules.

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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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The primary asset of the Tin Company is a tin-zinc-silver-lead polymetallic mineral project or ATE (Temporary Special Authorization) located in the Oruro Department, Bolivia. The property was subjected to some small-scale, historic mining and was explored and drilled by Rio Tinto in 1999.

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Whitehorse Gold Entered into a Loan Agreement With a Right of First Refusal to Acquire a High Grade Gold Project in Guinea

Whitehorse Gold Entered into a Loan Agreement With a Right of First Refusal to Acquire a High Grade Gold Project in Guinea

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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VIDEO — Nick Santiago: Gold Can Still Pull Back to US$1,500 Before All-time High

The gold price has been on the rise for the last few months, but Nick Santiago, CEO and chief market strategist at InTheMoneyStocks.com, still believes a big pullback to the US$1,500 per ounce level is possible.

"I'm not bearish gold at the moment, but if I do get a sell signal, I think the next leg down takes you to that US$1,500 level, which would be the ultimate buy area," he explained to the Investing News Network. "I think that's going to be your chance to really get into gold for the long term. And then I do think gold ultimately breaks out to a new all-time high."

In terms of exactly how high gold could go in 2023, Santiago said he doesn't expect US$5,000 or US$10,000 like some market watchers are projecting. However, he does see the high US$2,000s, or possibly even US$3,000, as possible.

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Sylla Gold (TSXV:SYG)

Sylla Gold Provides Update on Private Placement of Units

Sylla Gold Corp. (TSXV: SYG) (the "Company") announces that the Company has applied to the TSX Venture Exchange for an extension of its price protection for an additional 30 days in order to complete an additional tranche of the previously announced non-brokered private placement of up to 10,000,000 units at a price of $0.10 per unit for aggregate gross proceeds of up to $1,000,000 (the "Offering"). The first tranche of the private placement closed on January 3, 2022, for gross proceeds of $315,142.

For further details on the Offering, please refer to the Company's press releases of October 20, 2022, December 8, 2022 and January 3, 2023.

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Barrick Hosts North Mara Site Visit for Human Rights NGO

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has hosted a two-day open-door visit to its North Mara Gold Mine in Tanzania by the UK-based NGO RAID (Rights and Accountability in Development) represented primarily by its executive director, Anneke van Woudenberg.

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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VIDEO — EB Tucker: Gold, Silver Price Levels to Watch, 2023 Investing Strategies

With the new year ahead, "Why Gold? Why Now?" author EB Tucker shared his thoughts on gold and silver, saying that US$2,000 per ounce and US$30 per ounce respectively are important levels for investors to watch.

"US$2,000's got to be a 2023 story," he told the Investing News Network when asked if gold could reach that key price this year. "The way it looks right now, you're US$60 away. I think it could happen fast."

Pointing to gold's rise of about US$300 since early November, Tucker said that the futures market sets the spot price, and activity in that arena has stopped weighing on the yellow metal over the last several months.

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Yamana and Pan American Shareholders Approve Proposed Transaction

Yamana Gold Inc. (TSX:YRI; NYSE:AUY; LSE:AUY) ("Yamana" or the "Company") is pleased to announce that at a special meeting of shareholders held earlier today ("the Meeting"), Yamana shareholders voted overwhelmingly in favour of the special resolution (the "Arrangement Resolution") approving the previously announced acquisition by Pan American Silver Corp. ("Pan American") of all of the issued and outstanding common shares of the Company following the sale by Yamana of its Canadian assets, including certain subsidiaries and partnerships which hold Yamana's interests in the Canadian Malartic mine, to Agnico Eagle Mines Limited ("Agnico Eagle"), all by way of a plan of arrangement under the Canada Business Corporations Act (the "Proposed Transaction").

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Barrick makes initial payment of $3 million to Balochistan

All amounts expressed in US Dollars

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has paid the first US$3 million (approximately 750 million Pakistani rupees) to the Balochistan provincial government as part of the new Reko Diq partnership. After the signing of definitive agreements and completion of legal process last month, Barrick and the Government of Balochistan recently agreed upon the timetable for the disbursement of committed funds to the province.

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