Precious Metals

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.

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.

Two historical drill holes by Rio Tinto intercepted significant tin mineralization. Drill hole ESF001 intercepted a 236 m interval (from 125 m to 361 m) grading 0.41% tin, 1.12% zinc, and 15 grams per tonne silver. Drill hole ESF002 intercepted a 180 m interval (from 94 m to 274 m) grading 0.29% tin, 1.06% zinc, and 13 grams per tonne silver, including a 56 m interval grading 0.58% tin, 1.86% zinc and 13 grams per tonne silver.

Major Terms of the Two Agreements

Confirmation Drilling Agreement:
The Company will pay US$100,000 to the Vendors as an initial, non-refundable, fee to conduct a confirmation drill program. The program will twin two historical holes over the next three months.

Acquisition Agreement:
The Company will pay a total of US$3.65 million to acquire 100% of the Tin Company in the following instalments:

  • Subject to satisfactory drill results (at the determination of Whitehorse Gold), a further US$400,000 shall be paid to the Vendors to have a 100% interest in the Tin Company transferred to Whitehorse Gold's subsidiary, Stannum Metals Corp.
  • US$1.25M on the first anniversary of the acquisition agreement.
  • US$1.25M on the second anniversary of the acquisition agreement, plus an additional US$500,000 in cash or Whitehorse Gold shares.
  • A finder's fee of US$250,000 will be paid in this transaction.
  • Failure to make full payment will result in 100% interest reverted back to the Vendors.

Closing of the transaction is subject to regulatory approval and other conditions as set out in the Agreements.

"Tin is a green metal and an essential component in every electronic circuit board made in the world. The tin market has seen exponential gains in the past couple of years and is projected to see further growth as electrification with decarbonization advances globally," said Gordon Neal, Whitehorse Gold's CEO, "With our team's previous successful experience in exploring in Bolivia, we believe that this tin project will be another successful exploration venture."

Property Location Map

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Location and History
At an elevation of approximately 4,200 metres, the Property covers an area of approximately 2.0 square kilometres (km). The property is located in both the Oruro and Potosi Departments of Bolivia, approximately 65 km northeast of the Huanuni Mine, the largest tin mine in Bolivia and the largest cassiterite deposit in the world. Access is relatively easy through a paved road of 45 km from Oruro and a gravel road of 25 km.

Historical Exploration and Mineralization
Host rocks of the mineralization are Silurian-aged quartz sandstone (referred to as quartzite) and arkosic sandstone of the Llallagua Formation, which sits on top of greywacke of the Cancañiri Formation. Tin mineralization extends over 2 kilometres long appears to strike North-North-West, and is steeply-dipping to the west.

In 1999, Rio Tinto conducted a 7 diamond drill hole program (including 5 holes completed on the Property). A plan map of the historic drill locations and a table of the results can be seen below:

Plan view of historic drill holes

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Table 1: Historic Drill Results

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(Source: EMICRUZ, 1999 report)

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Cross-section showing historic drill hole ESF001

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Cross-section showing historic drill hole ESF002

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Donald J. Birak, independent consultant geologist and Qualified Person as defined under National Instrument 43-101, has conducted a site visit to this property and has reviewed and approved the scientific and technical information in this news release. As no intact, historic core or assay samples exist for inspection or resampling, the Qualified Person was not able to validate the historic drill results and is therefore relying on the historic results as indicative of the property's potential.

Confirmation Drilling
As per the recommendations of the Qualified Person and under the terms of the Confirmation Drilling Agreement, the Company will carry out a confirmation drilling program to twin two historical drill holes. The Company has commenced the process of assembling a Bolivian team and contracting a drilling rig to complete the confirmation drilling. This drill program will be implemented under industry best practices to assure the quality of drill results.

Board Appointment
Whitehorse Gold is pleased to announce the addition of Hernan Uribe to its board of directors. Mr. Uribe is a professional geologist with more than 25 years of experience in mineral exploration. He has worked with Billiton, Eaglecrest Exploration, New World Resources Corp, Apogee Minerals Corp, Lydian International, and New Pacific Metals Corp. Mr. Uribe is experienced in exploration and mining projects for gold-copper deposits, silver-lead-zinc polymetallic deposits, and lithium brines in Bolivia, Chile, Argentina, Peru, and Republic of Georgia, in various stages from exploration to development, with roles of Exploration Geologist, Chief Geologist, Exploration Manager, and Country Manager. Mr. Uribe received his degree in Geology from the University of La Paz, Bolivia, and conducted several courses of mineral exploration and mineral deposits evaluation.

About Whitehorse Gold
Whitehorse Gold is a mineral exploration and development company focusing on tin projects in Bolivia and a gold development project in the Yukon. The company has the right to acquire a 100% interest in a tin project 65 km southeast of Oruro Bolivia. The company also owns 100% of the Skukum Gold project located in southern Yukon, approximately 55 km south-southwest of Whitehorse. The Skukum Gold project hosts the formerly producing Mt. Skukum high-grade gold mine. 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).

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 DISCLAIMER - FORWARD-LOOKING STATEMENTS

Certain of the statements and information in this press release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using 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) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the price of gold and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company's material properties; the sufficiency of the Company's capital to finance the Company's operations; estimates of the Company's capital expenditures; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company's operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company's properties.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, social and economic impacts of COVID-19; risks relating to: fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licenses; title to properties; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company's existing operations; competition; operations and political conditions; regulatory environment in Canada and Bolivia; environmental risks; legislative and regulatory initiatives addressing global climate change or other environmental concerns; foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management; internal control over financial reporting; and bringing actions and enforcing judgments under U.S. securities laws.

This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company's Annual Information Form for the year ended March 24, 2022, under the heading "Risk Factors". Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134859

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WHG:CA
whitehorse gold corp

Whitehorse Gold

Overview

Whitehorse Gold (TSXV:WHG) is one of Canada’s newest exploration and development companies, and it is focused on its Skukum gold project in the Southern Yukon that includes the past producing Mt. Skukum mine, which produced approximately 80,000 oz of gold from 1986-88 from 233,000 tons of ore mined. The company is also focused on its advanced-stage Skukum Creek and Goddell deposits. The company was recently spun out of New Pacific Metals (TSXV:NUAG,OTCQX:NUPMF) and is now a newly listed public company that has completed a C$6.8 million financing.

Company Highlights

  • Whitehorse Gold successfully spun out of New Pacific Metals and listed on the TSXV on November 25, 2020.
  • Whitehorse Gold successfully completed a C$6.8 million non-brokered financing.
  • The company wholly owns its Skukum gold project that contains three delineated high-grade gold deposits: Skukum Creek, Goddell and Mt. Skukum along with additional high-priority exploration targets. Historically, Mt. Skukum produced almost 80,000 oz of gold from 233,000 tons of ore mined over a two year period.
  • All three main deposits benefit from significant infrastructure and excellent access, including all-weather roads, a fifty-person camp, extensive underground workings, a mill that previously operated at 300 tonnes per day, service buildings, and a tailings management facility.
  • Whitehorse Gold has completed a National Instrument 43-101 independent resource estimate for its Skukum Creek, Mt. Skukum and Goddell deposits with total indicated resources of 1,331,000 tonnes containing 274,544 oz gold and 5,355,478 oz silver plus additional inferred resources of 1,111,000 tonnes containing 223,873 oz gold and 1,906,433 oz silver.

Key Projects

Skukum Lake Gold

The Skukum gold project includes the following high-grade gold deposits: Skukum Creek, Goddell and Mt. Skukum, along with additional high-priority exploration targets. Skukum Gold consists of 1,051 mineral claims—covering 170 square kilometers—roughly 55 kilometers south of Whitehorse, Yukon, in the Wheaton River Valley region. All three projects benefit from significant infrastructure and excellent access, including an extensive network of all-weather roads, a 50 person camp, 4.8 kilometers of underground workings, a mill that previously operated at 300 tonnes per day, service buildings and a tailings management facility.

Whitehorse Gold has completed a new National Instrument 43-101 independent resource estimate for its Skukum Creek, Mt. Skukum and Goddell deposits with total indicated resources of 1,331,000 tonnes containing 274,544 oz gold and 5,355,478 oz silver plus additional inferred resources of 1,111,000 tonnes containing 223,873 oz gold and 1,906,433 oz silver.

2020 Resource Estimate

Notes:

Mineral Resources are not mineral reserves and do not have demonstrated economic viability. An Inferred Mineral Resource is that part of a mineral resource for which quantity and grade can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity.
A base case cut-off grade of 3.0 g/t Au represents an in-situ metal value of US$126 per tonne at a gold price of $1450/oz, silver price of $16.50/oz and a metal recovery of 90% for gold and silver, which is believed to provide a reasonable margin over operating and sustaining costs for narrow vein mining and processing.

Mineral resources are diluted to a minimum width of 1.5 metre.

Technical report filed on SEDAR on November 18, 2020. Ronald G. Simpson, P.Geo. from GeoSim Services, Inc. is the QP for this estimate.

Whitehorse Gold received a Class 1 exploration permit in July 2020, which allowed the company to undertake their initial exploration program on the Skukum gold project, which is now wrapped up for the year. The program included mapping, sampling and diamond drill campaigns. Outside of its three main gold deposits (Skukum Creek, Goddell and Mt. Skukum), the company has identified additional opportunities for new discoveries in its nearby Charleston, Raca, Chieftain Hill and Antimony Creek targets.

Skukum Creek Deposit

The Skukum Creek property includes an advanced gold deposit with underground development. A network of quartz sulphide veins hosts high-grade gold mineralization. Two primary veins have been identified: the Kuhn Vein and the Rainbow Vein. A National Instrument 43-101 estimate has delineated 1 million tonnes at 5.8 g/t gold and 166 g/t silver (for 7.8 g/t AuEq) in the Indicated category and 537,000 tonnes at 5.0 g/t gold and 108 g/t silver (for 6.2 g/t AuEq) in the Inferred category.

Past metallurgical flotation testing yielded over 95 percent gold and silver recovery.

Mt. Skukum Deposit

The Mt. Skukum mine operated from 1986 to 1988, producing approximately 79,750 oz gold from 233,400 tons of ore mined and processed. The Mt. Skukum deposit hosts a National Instrument 43-101 estimate found 90,100 tonnes at 9.3 g/t gold and 12.9 g/t silver (for 9.4 g/t AuEq) in the Inferred category.

Whitehorse Gold intends to target veins adjacent to sites of historical production, including a highly prospective network of auferous quartz-calcite-adularia veins. The last exploration program undertaken on the project (in 2011) included 2,482 meters of surface drilling over 16 holes.

Goddell Deposit

The Goddell property includes a 5 kilometer structure in which gold is hosted in fine disseminated sulphides. Over 1,900 meters of surface drilling was undertaken on the project in 2011. The current National Instrument 43-101 resource estimate for the deposit stands at 329,700 tonnes at 8.1 g/t gold in the Indicated category and 483,900 tonnes at 7.1 gold g/t in the Inferred category.

Management Team

Gordon Neal - CEO and Director

Mr. Neal has extensive experience in the metals and mining sector, capital markets, and government communications. He was most recently the president of New Pacific Metals Corp., and was the former vice-president corporate development at Silvercorp Metals Inc. Prior to that, he held the vice-president corporate development position at Mag Silver Corp. Mr. Neal's career also saw him working in the office of the Prime Minister of Canada as a senior communications adviser.

Steve Stakiw - Vice President of Corporate Affairs

Steve Stakiw is a geologist with over 30 years of resource sector investor relations, mineral exploration, research and finance/equity market experience. He has held senior executive roles with a mid-tier, TSX-listed base metals production company, a junior stage gold exploration company as well as at a leading mining research and investment publication.

Jean Zhang - CFO and Corporate Secretary

Jean Zhang possesses accounting management experience at a major silver producer, an international property development company and a Big Four accounting organization (Deloitte).

Tim Kingsley - Vice President of Exploration

Tim Kingsley is an engaged, relationship-oriented leader of lean, high-performing exploration teams. He has a strong technical background with a track record of discovery and project development and proven success in managing complex technical projects. Kingsley is an exploration geologist with more than 15 years of experience and underground experience at multiple operations in the Americas (Peru, Canada, Alaska).

Wanjin Yang - Senior Geologist

Wanjin Yang is an exploration geologist with over 25 years of experience. He served as the chief geologist at Ivanhoe Mines for eight years and has worked on several projects in Yukon and Northern British Columbia.

Ms. Bhakti Pavani - Independent Director

Ms. Pavani has over 10 years of experience in the financial industry working for several U.S. based investment banks. A majority of her career has been spent working as an equity research analyst covering the precious metals sector. During her time as an analyst, she has covered a range of exploration and development stage companies through to established producers. Ms. Pavani has an MBA degree from California State University and is completing her CFA charter.

Alex Zhang - Director

Alex Zhang is a Professional Geoscientist registered with Engineers and Geoscientists BC (EGBC) with more than 30 years of experience in mineral exploration and has worked with Eldorado Gold Corporation, Afcan Mining Corp., Sino Gold Mining Ltd., Silvercorp Metals Inc. and most recently New Pacific Metals Corp. He supervised exploration activities of multiple major gold projects and silver-lead-zinc polymetallic projects in China, Canada and Bolivia at various stages from exploration through development to production with roles as senior exploration geologist, senior resource geologist, exploration manager, chief geologist and vice president of exploration. Mr. Zhang brings a full range of technical and managerial skills related to mineral exploration and mining projects. Mr. Zhang received his Master's Degree of Engineering in mineral exploration from China University of Mining and Technology, and received his Master's Degree of Science in mineral exploration from Queen's University in Ontario, Canada.

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 Announces AGM Results

Whitehorse Gold Announces AGM Results

Whitehorse Gold Corp. (TSXV: WHG) (OTCQX: WHGDF) ("Whitehorse Gold" or the "Company") is pleased to report that all resolutions were approved at the Company's Annual General Meeting of shareholders held on June 8, 2022. The voting results are as follows:

Total issued and outstanding Common Shares as at Record Date: 21,133,510
Total percentage of Common Shares voted: 39.78%

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Whitehorse Gold Announces Grant of Stock Options

Whitehorse Gold Announces Grant of Stock Options

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 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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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.

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WALKER BEGINS DRILLING AT THE LAPON GOLD PROJECT

WALKER BEGINS DRILLING AT THE LAPON GOLD PROJECT

Walker River Resources Corp. (" Walker " or the " Company ") (TSX-V: " WRR ") is pleased to announce that reverse circulation ("RC") drilling has re-started at the Lapon Gold Project, located some 60 km SE of Yerington, Nevada.

Drilling started at the Pikes Peak portion of the Lapon Project, a seven-to-ten-hole program is planned here. Significant historical mining activities are present at Pikes (shafts, adits, mill) in a copper and gold environment. A previous regional sampling and prospecting program by Walker returned values of 9 g/t Au and 2.2% Cu from bedrock. (see news release 9/04/2019)

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Lahontan Drills More Shallow Gold at Slab-Calvada: 25.9m Grading 2.55 gpt Au

Lahontan Drills More Shallow Gold at Slab-Calvada: 25.9m Grading 2.55 gpt Au

Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (the "Company" or "Lahontan") is pleased to announce results from the first seven reverse-circulation rotary ("RC") drill holes of the Company's Phase Two drilling campaign exploring the Slab-Calvada pit area of the Company's 19 km2 Santa Fe Project in Nevada's Walker Lane. The seven drill holes, totaling 1,710 metres, targeted down-dip extensions of oxidized gold and silver mineralization along the Calvada fault and northerly step-out drilling from the Slab pit. Historic drilling in both areas had outlined significant potential oxide and transition domain resources. Highlights include

  • 25.9 metres grading 2.55 gpt Au and 3.4 gpt Ag (2.60 gpt Au Eq) of oxide and transition metallurgical domain mineralization in drill hole CAL22-006R. This is the farthest north step-out drill hole from the Slab pit, with gold mineralization starting at a depth of only 68.6 metres down-hole (please see map and table below).
  • 47.2 metres grading 0.78 gpt Au and 1.3 gpt Ag (0.80 gpt Au Eq) in drill hole CAL22-002R including 32.0 metres grading 1.04 gpt Au and 1.4 gpt Ag (1.06 gpt Au Eq) of oxidized mineralization down-dip along the Calvada fault, further expanding the envelope of oxide gold mineralization along this important structure (please see map, cross section, and table below).

Kimberly Ann, CEO, President, Director, and Founder of Lahontan Gold Corp commented: "The Company is excited about these first results from our 2022 Phase Two drilling campaign. The results from drilling the northern extension of the Slab pit confirm that gold mineralization remains wide open in this direction with excellent grades. The Calvada fault drilling continues to impress, with thick intervals of oxide gold mineralization extending at depth along this district-scale structure. Drilling continues and Lahontan will integrate these results into our upcoming maiden resource estimate for the entire Santa Fe Project".

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iMetal Resources Mobilizes Drill Rig to Gowganda West to Commence Fall 2022 Drill Program

iMetal Resources Mobilizes Drill Rig to Gowganda West to Commence Fall 2022 Drill Program

iMetal Resources, Inc. (TSX.V:IMR)(OTC PINK:ADTFF)(FRANKFURT:A7V) ("iMetal" or the "Company") is pleased to announce mobilization of a drill rig to Gowganda West ("GW") for the fall 2022 drilling campaign. GW is an exploration-stage gold project about 100 km south-southeast of Timmins, Ontario, contiguous to Aris Gold Corp.'s Juby Project in the Shining Tree Camp of the southern part of the Abitibi Greenstone Gold Belt; contiguous also with the Knight project that is part of the Strategic Partnership between Orefinders Resources Inc. and Agnico Eagle

The objective of the 2022 program is to follow-up on the long gold intervals encountered in the lower sections of the westernmost drill holes from the 2019 maiden drill program: 0.37 g/t gold over 29.4 metres, 0.32 g/t gold over 30.25 metres, and 0.41 g/t gold over 19.5 metres. A review of the IMR database by our revamped technical team has identified gold targets along strike (northwest-southeast), along potential parallel trends (as seen at the adjacent Juby Project), and potential new trends where geophysics suggests a potential continuation or splay structure from the Juby Fault may be striking onto GW. Where it is adjacent to Aris Gold Corp's property, GW is underlain by the same basement metasediments that host two of the four main zones of the Juby Deposit.

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Falcon's Shareholder's Approve Plan of Arrangement  Of Subsidiary Latamark Resources

Falcon's Shareholder's Approve Plan of Arrangement Of Subsidiary Latamark Resources

Falcon Gold Corp. (TSX-V:FG)(FRA:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company"). Further to the Company's news release of August 10th, 2022, the Company provides the following update on its previously announced plan of arrangement (the "Spin-Out

At the Company's special shareholders meeting held on September 8, 2022, shareholders approved the Spin-Out and the Company's Arrangement Agreement with its wholly owned subsidiary, Latamark Resources Corp. ("Latamark"). Pursuant to the Arrangement Agreement, the Company will transfer its interest in the option agreement concerning the Esperanza gold project to Latamark in exchange for (i) Latamark issuing to the shareholders of the Company, one common share in the capital of Latamark (each, a "Latamark" Share") for every 5.8 common shares held in the Company, (ii) Latamark issuing 5,000,000 common shares to Falcon and (iii) Latamark assuming certain liabilities incurred, exploring or maintaining the property ("the Property Liabilities").

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Allied Copper receives TSX-V approval for Stateline Option Agreement

Allied Copper receives TSX-V approval for Stateline Option Agreement

Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) (the " Company " or " Allied Copper "), is pleased to announce that, further to its press releases of February 10, 2022 and August 25, 2022, the Company received TSX-V approval of the option agreement (the " Agreement ") dated February 9, 2022 (as amended August 5, 2022) for the sole and exclusive right to acquire a 100% undivided legal and beneficial interest (subject to a 2% net smelter royalty) for the Stateline Property, COUT USA from Cloudbreak Discovery Plc (" Cloudbreak " (LSE: CDL), Cloudbreak Discovery Canada Ltd., Tarsis Resources US Inc. and Alianza Minerals Ltd. (" Alianza ") (TSX-V: ANZ) (collectively, the " Vendors ").

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St. Anthony Gold Pursues Acquisition and Advancements of Assets Battery Metals and Minerals Sector

St. Anthony Gold Pursues Acquisition and Advancements of Assets Battery Metals and Minerals Sector

St. Anthony Gold Corp. ("St. Anthony" or "the Company") (CSE:STAG)(Frankfurt:M1N)(OTC PINK:MTEHF) is pleased to announce that it is pursuing the acquisition and advancement of assets in the battery metal and materials sector

STAG currently has the option to acquire 100% interest in the Burgeo Lithium asset located in Burgeo Newfoundland.

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