White Gold Corp. Appoints Industry Veteran Terry Brace, P.Geo. As Vice President, Exploration
February 24 2020 - 5:30AM
White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF,
FRA: 29W) (the "Company") is pleased to announce that
Terry Brace, P. Geo. has joined the Company as Vice President of
Exploration.
Terry brings over 25 years of diversified
experience in the mineral exploration and mining industry, covering
exploration, environmental management, project permitting, human
resources management and community relations. Terry has held senior
positions with major, mid-tier and junior companies including Teck
Resources, Noranda, Pan American Silver, Cornerstone Resources and
Thundermin Resources. During that time, Terry worked on and managed
projects in several regions of Canada and in Latin America, with a
focus on precious and base metals in a wide range of deposit types.
From 2008 through 2013 he served as Vice President Exploration for
Cornerstone Resources and most recently as Senior Exploration
Geologist with Pan American Silver in Timmins, Ontario.
“I am extremely excited to join White Gold’s
team,” said Mr. Brace. “The company has assembled a large
prospective land package in the White Gold District, Yukon which
offers tremendous potential for significant discoveries. The
company’s systematic and innovative approach to exploration has
proved very effective in generating new discoveries. The land
package contains a strong pipeline of advanced, discovery and
early-stage projects and the ongoing regional exploration program
is expected to continue generating new targets in this emerging
camp. Combined with the support of respected strategic industry
partners, White Gold is well-positioned for strong future
growth.”
“Terry is a highly respected industry veteran
with an impressive track record of success. His extensive
experience is ideally suited to further advance our discovery
pipeline and leverage the opportunities of our extensive land
package in the prolific White Gold District. Terry will make a
strong addition to our team as we head into the 2020 season and
look to build on the success of our previous seasons,” stated David
D’Onofrio, Chief Executive Officer.
Mr. Brace holds a Master of Science degree and a
Bachelor of Science degree in earth sciences (geology) from
Memorial University of Newfoundland and a diploma in human
resources management from McMaster University. Terry is a
registered professional geoscientist (P.Geo.) in the provinces of
Ontario and Newfoundland and Labrador.
About White Gold Corp.The
Company owns a portfolio of 22,040 quartz claims across 35
properties covering over 439,000 hectares representing over 40% of
the Yukon’s White Gold District. The Company’s flagship White Gold
property has a mineral resource of 1,039,600 ounces Indicated at
2.26 g/t Au and 508,700 ounces Inferred at 1.48 g/t Au.
Mineralization on the Golden Saddle and Arc is also known to extend
beyond the limits of the current resource estimate. Regional
exploration work has also produced several other prospective
targets on the Company’s claim packages which border sizable gold
discoveries including the Coffee project owned by Newmont Goldcorp
Corporation with a M&I gold resource(1) of 3.4M oz and Western
Copper and Gold Corporation’s Casino project which has P&P gold
reserves(1) of 8.9M oz Au and 4.5B lb Cu. For more information
visit www.whitegoldcorp.ca.
(1) Noted mineralization is as disclosed by the
owner of each property respectively and is not necessarily
indicative of the mineralization hosted on the Company’s
property.
Cautionary Note Regarding Forward
Looking InformationThis news release contains
"forward-looking information" and "forward-looking statements"
(collectively, "forward-looking statements") within the meaning of
the applicable Canadian securities legislation. All statements,
other than statements of historical fact, are forward-looking
statements and are based on expectations, estimates and projections
as at the date of this news release. Any statement that involves
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions, future events or
performance (often but not always using phrases such as "expects",
or "does not expect", "is expected", "anticipates" or "does not
anticipate", "plans", “proposed”, "budget", "scheduled",
"forecasts", "estimates", "believes" or "intends" or variations of
such words and phrases or stating that certain actions, events or
results "may" or "could", "would", "might" or "will" be taken to
occur or be achieved) are not statements of historical fact and may
be forward-looking statements. In this news release,
forward-looking statements relate, among other things, the
Company’s objectives, goals and exploration activities conducted
and proposed to be conducted at the Company’s properties; future
growth potential of the Company, including whether any proposed
exploration programs at any of the Company’s properties will be
successful; exploration results; and future exploration plans and
costs and financing availability.
These forward-looking statements are based on
reasonable assumptions and estimates of management of the Company
at the time such statements were made. Actual future results may
differ materially as 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
materially differ from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors, among other things, include:; expected
benefits to the Company relating to exploration conducted and
proposed to be conducted at the Company’s properties; failure to
identify any additional mineral resources or significant
mineralization; the preliminary nature of metallurgical test
results; uncertainties relating to the availability and costs of
financing needed in the future, including to fund any exploration
programs on the Company’s properties; business integration risks;
fluctuations in general macroeconomic conditions; fluctuations in
securities markets; fluctuations in spot and forward prices of
gold, silver, base metals or certain other commodities;
fluctuations in currency markets (such as the Canadian dollar to
United States dollar exchange rate); change in national and local
government, legislation, taxation, controls, regulations and
political or economic developments; risks and hazards associated
with the business of mineral exploration, development and mining
(including environmental hazards, industrial accidents, unusual or
unexpected formations pressures, cave-ins and flooding); inability
to obtain adequate insurance to cover risks and hazards; the
presence of laws and regulations that may impose restrictions on
mining and mineral exploration; employee relations; relationships
with and claims by local communities and indigenous populations;
availability of increasing costs associated with mining inputs and
labour; the speculative nature of mineral exploration and
development (including the risks of obtaining necessary licenses,
permits and approvals from government authorities); the
unlikelihood that properties that are explored are ultimately
developed into producing mines; geological factors; actual results
of current and future exploration; changes in project parameters as
plans continue to be evaluated; soil sampling results being
preliminary in nature and are not conclusive evidence of the
likelihood of a mineral deposit; title to properties; and those
factors described in the most recently filed management’s
discussion and analysis of the Company. Although the
forward-looking statements contained in this news release are based
upon what management of the Company believes, or believed at the
time, to be reasonable assumptions, the Company cannot assure
shareholders that actual results will be consistent with such
forward-looking statements, as there may be other factors that
cause results not to be as anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on
forward-looking statements and information. There can be no
assurance that forward-looking information, or the material factors
or assumptions used to develop such forward-looking information,
will prove to be accurate. The Company does not undertake to
release publicly any revisions for updating any voluntary
forward-looking statements, except as required by applicable
securities law.
Neither the TSX Venture Exchange (the
“Exchange”) nor its Regulation Services Provider (as that term is
defined in the policies of the Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
Contact Information:David
D’Onofrio Chief Executive Officer White Gold Corp. (647) 930-1880
ir@whitegoldcorp.ca
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