Gold and Silver Updates


Whitehorse Gold Corp. (TSXV: WHG) (“Whitehorse Gold” or the “Firm”) declares preliminary 2020 diamond drilling program outcomes from its wholly owned Skukum Gold Challenge (the “Challenge”) situated within the Whitehorse Mining District, southern Yukon.

The drill program on the Skukum Creek Deposit consisted of 4 drillholes designed to raised outline the deeper portion of the Rainbow Zone, validate historic drill gap intercepts and to check re-interpreted, probably thicker, and higher-grade parts of the deposit.

Drill gap SC20-001 returned 8.07 m (true width) grading 6.5 g/t Au and 186.9 g/t Ag within the Rainbow Zone (Desk 1). Critically, whereas the valuable metallic grade is just like historic drill holes the true width of the interval was greater than 2.5 instances larger than beforehand modeled. Outcomes from the three different holes are pending.

Desk 1: Assay outcomes for SC20-001

Gap ID From (m) To (m) Interval (m)1 Au (g/t) Ag (g/t) Pb (%) Zn (%) True Width (m) Zone
SC20-001 434.08 443.01 8.93 6.54 186.83 1.40 0.99 8.07 Rainbow Zone
Incl. 437.60 439.76 2.16 7.80 306.05 1.79 0.96 1.94
Incl. 441.79 443.01 1.22 21.40 563.00 5.27 3.59 1.10


  1. Size and particular gravity weighted composites.
  2. Drill location, azimuth and dip of drill holes offered in Desk 4 under.

The Challenge covers an space of 170 km2 and is situated roughly 55 km south of Whitehorse with year-round street entry. The Challenge hosts three deposits with Mineral Useful resource Estimates and Underground Growth (Skukum Creek deposit, Goddell deposit, and the past-producing Mt. Skukum Gold Mine) together with a number of mineralized showings.

Kevin Weston, CEO of Whitehorse Gold said, “This primary gap from the 2020 exploration drilling confirmed the high-grade nature of the Rainbow Zone and extra importantly that thicker zones of mineralization happen at depth. The presence of a number of technology gold-bearing veins is extremely encouraging indicating the presence of a long-lived giant valuable metallic system. We look ahead to receiving and reporting the rest of the drill outcomes.”

2020 Exploration Program – Skukum Creek Deposit

The Firm’s inaugural exploration program was primarily centered on gaining geologic understanding of the quite a few exploration targets, historic knowledge validation and assortment of recent knowledge in assist of a useful resource growth program deliberate for 2021. Intimately the 2020 exploration program consisted of reconnaissance mapping, knowledge compilation and re-interpretation of the Skukum Gold system and a 4-hole, 2,091-metre diamond drilling program on the Skukum Creek deposit (Determine 1 and a couple of).

Skukum Creek is the most important of the three deposits at the moment outlined with over 1 million indicated tonnes grading 5.85 g/t Au and 166.4 g/t Ag and 537,000 inferred tonnes grading 4.99 g/t Au and 108.3 g/t Ag (Desk 2).

Gold-silver +/- base metallic mineralization has been outlined in 4 buildings comprised of quartz sulphide veins and vein breccias hosted in anastomosing NE trending, steeply dipping fault zones. The mineralized vein – fault system has a mixed strike size of roughly 1 km and a at the moment outlined vertical extent of over 500 metres. Mineralization is open for growth alongside strike and each up and down dip.

The anastomosing veins, breccias, related rhyolitic dykes and faults type an built-in bundle which ranges between roughly 0.3 and plus-10 metres in thickness.

A number of generations of overprinted quartz sulphide veins / hydrothermal breccias are current indicating a big, sturdy, long-lived valuable metallic bearing system. Such options are sometimes solely famous in bigger, structurally managed, gold-bearing epithermal methods and consequently the Firm classifies the exploration potential of the system pretty much as good to glorious.

Gap SC20-001 intersected mineralization at roughly 434 metres downhole and returned 8.9 metres (8.07m true width) grading 6.54 g/t Au and 186.8 g/t Ag, together with 1.2 metres of 21.4 g/t Au and 563 g/t Ag (Desk 1 and Figures 2 and three). The mineralized interval was wider than beforehand modeled within the space (8.07m vs beforehand modeled 2.8m true thickness) and higher grade than the close by historic drill gap: R96-206 which ran 4.28 g/t Au and 81.32 g/t Ag over a real width of two.81m (Desk 3 and Figures 2 and three).

As detailed within the Firm’s Technical Report, the three delineated deposits on the Challenge (Skukum Creek, Goddell and Mt. Skukum) individually host the next mineral sources utilizing a 3.0 g/t gold equal (AuEQ) cut-off grade.

Desk 2: 2020 useful resource estimates for deposits on the Property utilizing a 3.0 g/t AuEQ cut-off grade.

Class Tonnes Au (g/t) Ag (g/t) AuEQ
Contained oz Au Contained
oz Ag
Contained oz AuEQ
Skukum Creek Indicated 1,001,300 5.85 166.4 7.75 188,334 5,355,478 249,401
Inferred 537,000 4.99 108.3 6.22 86,124 1,869,065 107,415
Goddell Indicated 329,700 8.13 8.13 86,210 86,210
Inferred 483,900 7.13 7.13 110,867 110,867
Mt Skukum Inferred 90,100 9.28 12.9 9.43 26,882 37,368 27,308


  1. CIM Definition requirements (2014) had been used for reporting the Mineral Assets.
  2. Mineral useful resource estimate ready by GeoSim Providers Inc. with an efficient date of October 1, 2020.
  3. Mineral Assets are usually not mineral reserves and should not have demonstrated financial viability. An Inferred Mineral Useful resource is that a part of a Mineral Useful resource for which amount and grade or high quality are estimated on the idea of restricted geological proof and sampling. Geological proof is enough to indicate however not confirm geological and grade or high quality continuity. An Inferred Mineral Useful resource has a decrease stage of confidence than that making use of to an Indicated Mineral Useful resource and should not be transformed to a Mineral Reserve. It’s fairly anticipated that almost all of Inferred Mineral Assets may very well be upgraded to Indicated Mineral Assets with continued exploration.
  4. A base case cut-off grade of three.0 g/t Au represents an in-situ metallic worth of US$126 per tonne at a gold worth of $1450/oz, silver worth of $16.50/oz and a metallic restoration of 90% for gold and silver, which is believed to offer an affordable margin over working and sustaining prices for slim vein mining and processing.
  5. See the Firm’s Technical Report entitled “Skukum Gold-Silver Challenge, NI 43-101 Technical Report, Whitehorse Mining District, Yukon Territory, Canada” dated efficient October 1, 2020 and authored by Ronald G. Simpson, P.Geo. from GeoSim Providers, Inc. filed on the Firm’s SEDAR profile (the “Technical Report”).
  6. Mineral sources are diluted to a minimal width of 1.5 metre. The gold equal method used was AuEQ = Au + Ag * 0.0114.
  7. Totals might not sum as a result of rounding.

Cannot view this image? Visit:

Determine 1: Bedrock geologic map of the Skukum Creek deposit displaying traces of 2020 drill program.

To view an enhanced model of this graphic, please go to:

Cannot view this image? Visit:

Determine 2: Lengthy part trying WNW, displaying mineralized zones, underground workings, historic drilling, 2020 drill holes (blue) and placement of Cross Part (Determine 3).

To view an enhanced model of this graphic, please go to:

Desk 3: Assay composites for historic drill holes offered in Determine 3.

Gap ID From (m) To (m) Interval (m)1 Au (g/t) Ag (g/t) True Width (m) Zone
R96-206 171.91 179.40 7.49 4.60 44.80 2.81 Rainbow Zone
R96-207 92.26 106.03 13.77 9.12 77.42 7.55
SC02-14 141.39 162.21 20.82 8.40 83.96 5.76
SC02-15 116.75 128.56 11.81 3.73 59.55 5.50
SC11-01 368.30 380.40 12.10 8.42 82.63 5.82


  1. Size weighted composites, No SG knowledge accessible.
  2. Drill location, azimuth and dip of drill holes offered in Desk 4 under.

Cannot view this image? Visit:

Determine 3: 3a) Cross part by the Rainbow Zone displaying gold grade down gap.  Part is approx. 25m thick trying WSW (240°).  3b) Zoomed in portion of determine 3a displaying gold grades for SC20-001 and historic drill holes. 3c) identical as 3b, however displaying silver grades.

To view an enhanced model of this graphic, please go to:

Desk 4: Drill gap particulars for present and historic drill holes offered on this doc.

Gap ID Northing Easting Elevation Whole Depth Collar Azimuth Collar Dip 12 months Kind Operator
Whitehorse Gold Drill Holes
SC20-001 478101.1 6671141.2 1,368.3 490.42 304.9 48.1 2020 SFC WHG
Historic Drill Holes
R96-206 477879.1 6671295.3 1,222.9 189.89 82.0 325.0 1996 UG Omni1
R96-207 477879.1 6671295.3 1,222.9 110.95 66.0 325.0 1996 UG Omni1
SC02-14 477881.4 6671294.9 1,223.1 174.18 78.4 323.6 2002 UG TLG2
SC02-15 477881.2 6671295.0 1,223.1 140.82 73.0 325.0 2002 UG TLG2
SC11-01 477945.5 6671171.4 1,444.6 412.83 63.5 327.0 2011 SFC NUAG3


  1. Omni Assets Inc.
  2. Tagish Lake Gold Corp., previous to being acquired by Whitehorse Gold.
  3. New Pacific Metals Corp.

Certified Individuals

The unbiased Certified Individual for the mineral useful resource estimate is Ronald G. Simpson, P.Geo. from GeoSim Providers, Inc. The technical info contained on this information launch has been reviewed and accredited by Tim Kingsley, Vice President of Exploration of Whitehorse Gold and Licensed Skilled Geologist (CPG-11538) with the American Institute of Skilled Geologists, a Certified Individual for the needs of Nationwide Instrument 43-101 – Requirements of Disclosure of Mineral Tasks (“NI 43-101”).

High quality Assurance and High quality Management

Drill core from the Firm’s 2020 exploration program was logged and sampled in a safe core storage facility situated on the Challenge website. Core samples from this system had been lower in half, utilizing a diamond slicing noticed. Drill core and floor samples had been despatched to ALS Laboratories, which is unbiased of the Firm. Pattern preparation was carried out on the ALS Laboratory in Whitehorse, YT, adopted by evaluation on the ALS Laboratory in North Vancouver, ALS is an accredited mineral evaluation laboratory. All samples had been analysed for gold utilizing commonplace Hearth Assay-AA strategies. Samples returning over 10.0 g/t gold had been analysed using commonplace Hearth Assay-Gravimetric strategies. Samples had been additionally analyzed for a 48 multi-element geochemical suite by ICP-MS with a four-acid digestion. Licensed gold reference requirements, blanks, subject duplicates and coarse reject duplicates had been routinely inserted into the pattern stream, as a part of Whitehorse Gold‘s high quality management/high quality assurance program (“QA/QC”).

Historic QA/QC knowledge and methodology had been reviewed and are summarized within the Technical Report. The creator of the Technical Report thought of historic pattern preparation, evaluation, and safety to have been usually carried out in accordance with exploration finest practices on the time of assortment.

ABOUT Whitehorse Gold CORP.
Whitehorse Gold is concentrated on its wholly owned Skukum Gold Challenge (previously named Tagish Lake Gold Challenge) situated within the Whitehorse Mining District of the southern Yukon. The venture consists of 1,051 mineral claims protecting an space of 170 sq. kilometres and is situated roughly 55 kilometres south of Whitehorse, Yukon, within the Wheaton River Valley area. The venture hosts the advanced-stage Skukum Creek, Goddell and Mount Skukum high-grade gold deposits and a number of high-priority exploration targets. Challenge infrastructure consists of an all-weather entry street, an all-weather 50-person camp, roughly 4.8 kilometres of underground workings, an in depth floor street community and a beforehand working 300-tpd mill together with a tailings administration facility and repair buildings. Over 140,000 metres of drilling have been beforehand accomplished on the venture by former operators. Historic underground operations on the Mount Skukum deposit from 1986 to 1988 noticed a complete of 233,400 tons of ore mined and processed within the plant, recovering roughly 79,750 ounces of gold underneath a earlier operator.

On Behalf of Whitehorse Gold Corp.
“Kevin Weston”

CEO & Director

For additional info please contact:
Steve Stakiw
Vice President – Company Affairs
Cellphone: 1-604-336-5919
Electronic mail:

Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this information launch.

Cautionary Be aware Concerning Ahead-Trying Statements

This information launch incorporates forward-looking statements and forward-looking info (collective, “forward-looking statements”) throughout the that means of relevant Canadian and U.S. securities laws. All statements, apart from statements of historic truth included on this launch, together with, with out limitation, future plans with respect to the Challenge, together with the 2021 work program and useful resource growth; and different future plans of Firm, and targets or expectations of the Firm are forward-looking statements. Estimates of mineral reserves and mineral sources are additionally forward-looking info as a result of they incorporate estimates of future developments together with future mineral costs, prices and bills and the quantity of minerals that might be encountered if a property is developed. Ahead-looking statements are sometimes, however not all the time, recognized by phrases or phrases corresponding to “expects”, “is predicted”, “anticipates”, “believes”, “plans”, “initiatives”, “estimates”, “assumes”, “intends”, “methods”, “targets”, “objectives”, “forecasts”, “targets”, “budgets”, “schedules”, “potential” or variations thereof or stating that sure actions, occasions or outcomes “might”, “might”, “would”, “may” or “will” be taken, happen or be achieved, or the detrimental of any of those phrases and related expressions. Ahead-looking statements are based mostly on the opinions, assumptions, elements and estimates of administration thought of affordable on the date the statements are made. The opinions, assumptions, elements and estimates which can show to be incorrect, embody, however are usually not restricted to: that market fundamentals will end in sustained valuable metals demand and costs; that there aren’t any vital disruptions affecting operations, together with labour disruptions, provide disruptions, energy disruptions, safety disruptions, injury to or lack of gear, whether or not as a result of flooding, political modifications, title points, intervention by native landowners, environmental considerations, pandemics (together with COVID-19) or in any other case; that the Firm will have the ability to get hold of and keep governmental approvals, permits and licenses in reference to its present and deliberate operations, growth and exploration actions, together with on the Challenge; that the Firm will have the ability to meet its present and future obligations; that the Firm will have the ability to adjust to environmental, well being and security legal guidelines; and the assumptions underlying mineral useful resource estimates and the belief of such estimates.

Ahead-looking statements contain recognized and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of the Firm to vary materially from any future outcomes, efficiency or achievements expressed or implied by the forward-looking info. Such dangers and different elements embody, amongst others: social and financial impacts of COVID-19; precise exploration outcomes; modifications in venture parameters as plans proceed to be refined; outcomes of future exploration actions and useful resource estimates; future metallic costs; availability of capital and financing on acceptable phrases; normal financial, market or enterprise circumstances; uninsured dangers; regulatory modifications; defects in title; availability of personnel, supplies and gear on a well timed foundation; accidents or gear breakdowns; delays in receiving authorities approvals; unanticipated environmental impacts on operations and prices to treatment identical; and different exploration dangers or different dangers detailed herein and infrequently within the filings made by the Firm with securities regulators. The entire Firm’s Canadian public disclosure filings could also be accessed by way of and readers are urged to overview these supplies, together with the Technical Report. Though the Firm has tried to establish vital elements that would trigger precise actions, occasions or outcomes to vary from these described in forward-looking statements, there could also be different elements that trigger such actions, occasions or outcomes to vary materially from these anticipated. There will be no assurance that forward-looking statements will show to be correct and accordingly readers are cautioned to not place undue reliance on forward-looking statements.

Readers are cautioned to not place undue reliance on forward-looking statements. The Firm undertakes no obligation to replace any of the forward-looking statements on this information launch or included by reference herein, besides as in any other case required by regulation.

Cautionary Be aware to US Buyers

This information launch has been ready in accordance with the necessities of NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Requirements, which differ from the necessities of U.S. Securities legal guidelines. NI 43-101 is a rule developed by the Canadian Securities Directors that establishes requirements for all public disclosure an issuer makes of scientific and technical info regarding mineral initiatives.

To view the supply model of this press launch, please go to


Source link