Whitehorse Gold intersects 182.6 meters grading 0.2% tin, 0.94% zinc and 24 g/t silver at the SF Tin project, Bolivia

Vancouver, British Columbia–(Newsfile Corp. – November 16, 2022) – Whitehorse Gold Corp. (TSXV: WHG) (OTCQX: WHGDF) (“Whitehorse Gold” or the “Firm”) is happy to announce assay outcomes from its second affirmation drill gap (DDH-SF-002a) for the SF Tin Challenge, situated within the Oruro Division, in Bolivia. That is the second of two affirmation drill holes to validate two historic holes that might have been drilled by Rio Tinto. Assay outcomes from the primary affirmation drill gap (DDH-SF-001) of the SF Tin Challenge have been introduced within the firm’s press launch on October 31, 2022, which efficiently confirmed outcomes from a gap historic drill gap close by (ESF001).

Gap DDH-SF-002a was drilled on the similar azimuth and dip angle (90° azimuth and -60° dip) as historic gap ESF002 however was spaced 12 meters aside (Determine 1). DDH-SF-002a intersected 182.6 meters grading 0.20% tin, 0.94% zinc and 24.0 g/t silver from 69.0 m to 251.6 m (Desk 1), in comparison with 180, 0 m grading 0.29% tin, 1.06% zinc and 13.3 g/t silver for historic gap ESF002. The Firm is glad that gap DDH-SF-002a has confirmed historic drill gap ESF002.

Gordon Neal, CEO and Director, stated: “This second affirmation drill gap validates the ESF002 gap beforehand drilled by Rio Tinto. These outcomes, mixed with the primary affirmation drill gap, reinforce our dedication to finish the acquisition of the SF Tin undertaking. “

Primarily based on the choice settlement (press launch dated August 25, 2022), topic to passable confirmatory drilling outcomes, the corporate will proceed with the acquisition of a 100% curiosity within the SF Tin undertaking in paying a complete of $3.65 million (US) over two years.

Desk 1. Composite analytical outcomes for gap DDH-SF-002a

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Remarks:
1. Drill intercepts are core lengths and grades are size weighted. The true thickness of the mineralization is unknown at the moment.

Determine 1. Cross-section (wanting north), exhibiting historic gap ESF002 and Firm verification gap: DDH-SF-002a.

To see an improved model of Determine 1, please go to:
https://images.newsfilecorp.com/files/7553/144545_5265501a64f29823_004full.jpg

Mineralization intersected in gap DDH-SF-002a is hosted in high quality to medium grained blackish grey (greywacke) sandstone with clusters of a number of veins/venules (Determine 2) that include pyrite, sphalerite, galena, cassiterite (SnO₂), and traces of stannite (Cu₂FeSns₄).

Determine 2. Polymetallic mineralization in gap DDH-SF-002a, from 84.49 m to 91.52 m.

To see an improved model of Determine 2, please go to:
https://images.newsfilecorp.com/files/7553/144545_5265501a64f29823_005full.jpg

High quality assurance and high quality management

All SF core samples have been collected by workers geologists and shipped in well-sealed baggage by firm personnel in firm automobiles instantly from the sphere to AHK Bolivia Ltd., Oruro, Bolivia , for preparation, and on the AHK Peru laboratory in Lima, Peru, for geochemical evaluation. AHK is an ISO/IEC 17025 and ISO 9001 accredited unbiased laboratory, in addition to UKAS ACCREDITED TESTING LABORATORY 1543, 1765 and 8738. All samples are first examined by multi-element ICP package deal and FUS/ICP (peroxide fusion) for tin. Two sorts of licensed reference supplies, coarse clean samples and duplicate samples, are inserted into the conventional sequences of drill core samples previous to supply to the laboratory for preparation and evaluation. The general ratio of high quality management samples in pattern sequences is at the very least eight p.c.

Certified particular person

The scientific and technical info contained on this press launch has been reviewed and accepted by Alex Zhang, P. Geo., Vice President of Pacific Rising Metals Exploration, who’s a Certified Individual for the needs of Nationwide Instrument 43 -101 – Mineral Useful resource Disclosure Requirements (“NI 43-101”). The certified particular person has visited this property and verified the scientific info disclosed right here and isn’t conscious of the numerous dangers and uncertainties that might have an effect on the reliability of or reliance on the knowledge mentioned herein.

About Whitehorse Gold

Whitehorse Gold is a mining exploration and improvement firm targeted on tin initiatives in Bolivia and a gold undertaking close to Whitehorse, Yukon, Canada. The Firm lately signed agreements to accumulate as much as 100% curiosity within the Porvenir undertaking and the SF Tin undertaking, situated 70 km southeast of Oruro, Bolivia. The 100% company-owned Skukum Gold Challenge is situated roughly 55 km from Whitehorse by highway. An up to date mineral useful resource estimate is anticipated for the undertaking primarily based on drilling accomplished in 2020 and 2021. From 1986 to 1988, the undertaking produced roughly 80,000 ounces of gold.

On behalf of Whitehorse Gold Corp.
signed “Gordon Neal”
Gordon Neal, CEO and Director

For extra info, please contact:
For extra info, please contact: Investor Relations, Whitehorse Gold Corp.,
Telephone: (604) 336-5919
E mail: [email protected]
www.whitehorsegold.ca

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

Warning Relating to Ahead-Wanting Statements

This press launch comprises forward-looking statements and forward-looking info (collectively, “forward-looking statements”) inside the which means of relevant Canadian and United States securities legal guidelines. All statements, apart from statements of historic details included on this launch, together with, with out limitation, statements relating to future plans relating to the Porvenir Challenge, the SF Tin Challenge, the Skukum Gold Challenge and different plans way forward for the Firm, and the Firm’s goals or expectations are forward-looking statements. Mineral reserve and mineral useful resource estimates are additionally forward-looking info as a result of they incorporate estimates of future developments, together with future mineral costs, prices and expenditures and the quantity of minerals that will likely be encountered if a property is developed. Ahead-looking statements are sometimes, however not at all times, recognized by phrases or phrases reminiscent of “expects”, “is anticipated”, “anticipates”, “believes”, “plans”, “initiatives”, “estimates”. , “assumes”, “intentions”, “methods”, “targets”, “objectives”, “forecasts”, “goals”, “budgets”, “timeframes”, “potentials” or variations thereof or indicating that sure actions, occasions or outcomes “could”, “may”, “would”, “may” or “will” be taken, happen or be achieved, or the unfavorable type of any of those related phrases and expressions. Ahead-looking statements are primarily based on administration’s beliefs, assumptions, components and estimates believed to be affordable as of the date the statements are made. Opinions, assumptions, components and estimates which can show to be incorrect embrace, however are usually not restricted to: that market fundamentals will drive sustained demand and costs for valuable metals; that there aren’t any vital disruptions affecting operations, together with labor disruptions, provide disruptions, energy outages, safety disruptions, injury to or lack of tools, that whether or not as a result of flooding, political change, title points, intervention by native landowners, environmental considerations, pandemics (together with COVID-19) or in any other case; that the Firm will be capable of receive and preserve governmental approvals, permits and licenses in reference to its present and deliberate mining, improvement and exploration actions, together with on the Skukum Gold Challenge; that the Firm will be capable of meet its present and future obligations; that the Firm will be capable of adjust to environmental, well being and security legal guidelines; and assumptions underlying mineral useful resource estimates and the making of such estimates.

Ahead-looking statements contain identified and unknown dangers, uncertainties and different components which will 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 knowledge. potential. These dangers and different components embrace, amongst others: the social and financial impacts of COVID-19; precise exploration outcomes; adjustments in undertaking parameters as plans proceed to be refined; the outcomes of future mineral useful resource estimates; future metallic costs; availability of capital and financing on acceptable phrases; common financial, market or enterprise situations; uninsured dangers; regulatory adjustments; defects of title; availability of personnel, supplies and tools in a well timed method; accidents or tools failures; delays in receiving authorities approvals; unexpected environmental impacts on operations and prices to handle them; and different exploration or different dangers detailed herein and occasionally in paperwork filed by the Firm with securities regulatory authorities. Though the Firm has tried to determine vital components that might trigger precise actions, occasions or outcomes to vary from these described within the forward-looking statements, there could also be different components that trigger such actions, occasions or outcomes differ considerably from these anticipated. There may be no assurance that forward-looking statements will show to be correct and, due to this fact, 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 forward-looking statements contained on this press launch or included by reference herein, besides as in any other case required by regulation.

Cautionary Notice to US Traders

This press launch has been ready in accordance with the necessities of Nationwide Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Requirements, which differ from the necessities of United States securities legal guidelines. NI 43-101 is a rule developed by the Canadian Securities Directors that establishes requirements for any public disclosure by an issuer of scientific and technical info relating to mining initiatives.

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