High-Grade Mineralized Structures Within Large Mineralized Zone Extended At Vertigo Discovery

TORONTO – White Gold Corp. reported diamond drill results on the Vertigo target, located 25km north west of the Company’s flagship Golden Saddle & Arc deposit, on the road accessible JP Ross property, in the prolific White Gold District, Yukon, Canada. The Vertigo is one of the Company’s recent high-grade, near surface, gold discoveries generated through its methodological data driven exploration strategy. Drilling to date has encountered significant high-grade gold structures within a broad mineralized zone which remains open in all directions. The Vertigo is comprised of a 1.5km mineralized trend forming part of a 250km2 mineralized system with numerous newly identified targets. White Gold Corp’s fully-funded $13 million 2019 exploration program backed by partners Agnico Eagle Mines Limited and Kinross Gold Corp includes diamond drilling on the Vertigo target (JP Ross property), Golden Saddle & Arc deposits (White Gold property) as well as soil sampling, prospecting, GT Probe, trenching and RAB/RC drilling on various other properties across the Company’s expansive land package located in the prolific White Gold District, Yukon, Canada.

Highlights Include: Successfully confirmed continuity of high-grade, near surface, gold mineralization at the Vertigo target consisting of multiple high-grade mineralized structures open along strike and at depth hosted within a broad shallow dipping mineralized zone; All Vertigo diamond drill holes completed intersected gold mineralization, and a minimum of 6 high-grade mineralized structures have been identified; Drill hole JPRVER19D0049 intersected 3.92 g/t Au over 1.68 metres of from 19.9m depth and 4.31 g/t Au over 11.60m from 31.00m depth; Drill hole JPRVER19D0050 returned 2.6 g/t Au over 3.1m from 13.1m depth, 15.85 g/t Au over 0.5m from 25.5m depth and 0.86 g/t Au over 53.6m from 48.00m depth; Previously released Phase 1 diamond drill highlights included hole JPRVER19D0005 returning 9.61 g/t Au over 4.15m from 20m depth, including 94.2 g/t Au over 0.32m from 21m depth, and hole JPRVER19D0015 returning 0.42m of 141 g/t Au within a broader envelope of mineralization that averaged 11.64 g/t Au over 5.34m from 3m depth, and 18.46 g/t Au over 2.48m from 92m depth; 10 additional gold targets identified to date across the JP Ross property, including Sabotage, Topaz, Stage Fright, Frenzy and multiple others; Results continue to validate a 250km2 area with multiple known zones of mineralization hosted by regional scale structures in a prolific placer mining camp, including the 15km Vertigo trend.

"We are very pleased with the abundance of gold mineralization encountered at the Vertigo to date, highlighted by the presence of multiple high-grade structures which continue to remain open in all directions. These results validate the Vertigo target to be a structurally controlled mineralized zone forming part of a regional-scale system, including the recently discovered Sabotage, Topaz, North Frenzy and multiple other gold targets across our JP Ross property. To date at least 10 gold targets have been identified over a 250km2 area on the JP Ross property, with Vertigo being the first to have received follow up diamond drilling,” stated David D’Onofrio, Chief Executive Officer. These results have provided valuable insight into the nature and geometry of the mineralization and a better understanding of the local geology. Furthermore, these results in combination with previously completed regional exploration have also provided increased confidence in our methodologies as well as the potential for additional discoveries as our exploration team continues to explore the other targets on the JP Ross and on our other properties in the district. We look forward to the results from the exploration performed to date on these other targets and following up on the success of this diamond drilling program.”  

Mineralization at the Vertigo is hosted within a network of WNW trending, moderate to steeply south dipping, shallow structures that are subparallel too topography. Individual structures are typically up to 3m and host high-grade mineralization associated with quartz veining, brecciation, and strong sericite-quartz alteration with local fine-grained visible gold, disseminated to locally massive arsenopyrite, galena, chalcopyrite and pyrite. The high-grade intervals pinch and swell both laterally and vertically with the strongest mineralization occurring where the structures cross lithologic contacts; particularly fine-grained amphibolite and felsic gneiss. The high-grade mineralization occurs within broader envelopes of lower grade mineralization (<0.1 g/t Au) that define a SE plunge to the overall system. The system also appears to have been cut by at least 3, late, NE oriented structures which have locally truncated and offset the mineralization. To date the drilling has defined the system approximately 300m along strike, 200m in width, and 275m down-dip. The system is open along strike and down plunge to the SE with strong potential for expansion.

A total of 9,568m of diamond drilling over 46 holes was completed on the Vertigo in 2019. The drilling was conducted over 2 Phases, as discussed below, with a focus on defining the geologic and structural controls on mineralization in the area and follow up drilling on significant mineralized zones as warranted.

Phase 1 of diamond drilling at Vertigo was completed on 3 drill fences (Sections VER-000, 100W, & 200W) that transect across the core of the Vertigo target area at an azimuth 020°, establishing the geometry and vertical and lateral continuity of geology and mineralized structures originally intersected in 2018 RAB/RC drilling. The fences consisted of 4 – 6 drill set-ups per fence, spaced approximately 110m apart, with two holes drilled per set-up at angles of -45° and -60°. Partial results from Phase 1 drilling were previously released, and included hole JPRVER19D0005 returning 9.61 g/t Au over 4.15m from 20m depth, including 94.2 g/t Au over 0.32m from 21m depth; and hole JPRVER19D0015 returning 0.42m of 141 g/t Au within a broader envelope of mineralization that averaged 11.64 g/t Au over 5.34m from 3m depth and 18.46 g/t Au over 2.48m from 92m depth.