Whitehorse Gold intersects 200.7 meters grading 0.4% tin, 1.28% zinc and 12 g/t silver at the SF Tin project, Bolivia

Vancouver, British Columbia–(Newsfile Corp. – October 31, 2022) – Whitehorse Gold Corp. (TSXV: WHG) (OTCQX: WHGDF) (“Whitehorse Gold” or the “Firm”) is happy to announce that assay outcomes from its first affirmation drill gap (DDH-SF-001) for the SF Tin challenge, positioned within the Division of Oruro, Bolivia. That is certainly one of two drill holes to verify two historic holes believed to have been drilled by Rio Tinto. Assay outcomes for the second affirmation gap are pending.

Gap DDH-SF-001 was drilled on the similar azimuth and dip angle (90° azimuth and -60° dip) as historic gap ESF001, however was spaced 15 meters aside (Determine 1). DDH-SF-001 intersected 200.7 meters grading 0.4% tin, 1.28% zinc and 12 g/t silver from 139.2 m to 339.9 m (Desk 1), in comparison with 200 m grading 0.44% tin, 1.22% zinc and 13 g/t silver for historic gap ESF001. The DDH-SF-001 intersection additionally features a greater grade subinterval of 68 m grading 0.62% tin, 1.69% zinc and 13 g/t silver; to be in contrast with 68 m grading 0.49% tin, 1.22% zinc and 9.3 g/t silver (determine 1). As well as, DH-SF-001 additionally intercepted a two meter interval from 30.20m to 32.20m grading 79.8 g/t silver and 0.67% lead.

The Firm is glad that gap DDH-SF-001 has confirmed historic drill gap ESF001.

Gordon Neal, CEO and Director, stated, “We’re very inspired by the shut comparability between our first affirmation drill gap and the historic gap. This is a crucial milestone for us to proceed with the completion of our closing acquisition of the SF Tin challenge. “

Primarily based on the signed possibility 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 challenge by paying a complete of three.65 million {dollars} (US) over two years.

Desk 1. Composite analytical outcomes for gap DDH-SF-001

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Remarks:

1. Drill intercepts are core lengths and grades are size weighted. The true thickness of the mineralization is unknown right now.

Mineralization intersected in gap DDH-SF-001 is hosted in fantastic to medium grained blackish grey (greywacke) sandstone with clusters of a number of veins/venules (< 1cm thick, Determine 2) that comprise pyrite, sphalerite, galena, cassiterite (SnO₂), and traces of stannite (Cu₂FeSns₄).

Determine 1. Cross-section (wanting north), displaying historic gap ESF001 and Firm verification gap: DDH-SF-001.

To see an improved model of Determine 1, please go to:
https://images.newsfilecorp.com/files/7553/142510_302402ee9424eaa6_004full.jpg

Determine 2. Polymetallic mineralization in borehole DDH-SF-001, from 200.20 m to 207.10 m.

To see an improved model of Determine 2, please go to:
https://images.newsfilecorp.com/files/7553/142510_302402ee9424eaa6_005full.jpg

High quality assurance and high quality management
All SF core samples had been collected by employees geologists and shipped in securely sealed luggage by firm personnel in firm automobiles, direct from the sphere to AHK Bolivia Ltd., Oruro , in 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 impartial laboratory and in addition UKAS ACCREDITED TESTING LABORATORY 1543, 1765 and 8738. All samples are first examined by a multi-element ICP package deal and FUS/ICP (peroxide fusion) for the ‘tin. Two kinds of licensed reference supplies, coarse clean samples and duplicate samples are inserted into the traditional sequences of drill core samples earlier than supply to the laboratory for preparation and evaluation. The general ratio of high quality management samples in pattern sequences is a minimum of eight %.

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

About Whitehorse Gold
Whitehorse Gold is a mining exploration and growth firm targeted on tin tasks in Bolivia and a gold challenge close to Whitehorse, Yukon, Canada. The corporate just lately signed an settlement to accumulate 100% of the Porvenir Tin challenge and the SF Tin challenge, positioned 70 km southeast of Oruro, Bolivia. The 100% company-owned Skukum Gold Venture is positioned roughly 55 km from Whitehorse by highway. An up to date mineral useful resource estimate is anticipated for the challenge primarily based on drilling accomplished in 2020 and 2021. From 1986 to 1988, the challenge 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:
Investor Relations, Whitehorse Gold Corp.,
Cellphone: +1 (604) 336-5919
E-mail: [email protected]
www.whitehorsegold.ca

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 press launch.

Warning Relating to Ahead-Trying Statements

This press launch accommodates forward-looking statements and forward-looking info (collectively, “forward-looking statements”) throughout the that means of relevant Canadian and United States securities legal guidelines. All statements, apart from statements of historic reality included on this launch, together with, with out limitation, statements relating to the anticipated graduation of buying and selling of the Firm’s widespread inventory on the TSXV, future plans relating to the proposed Skukum Gold and different future plans of the Firm, and aims or expectations of the Firm 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 can be encountered if a property is developed. Ahead-looking statements are sometimes, however not all the time, recognized by phrases or phrases reminiscent of “expects”, “is anticipated”, “anticipates”, “believes”, “plans”, “tasks”, “estimates”. , “assumes”, “intentions”, “methods”, “targets”, “objectives”, “forecasts”, “aims”, “budgets”, “timeframes”, “potentials” or variations thereof or indicating that sure actions, occasions or outcomes “could”, “might”, “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, elements and estimates believed to be cheap as of the date the statements are made. Opinions, assumptions, elements and estimates which can show to be incorrect embody, however will not be 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, harm to or lack of tools, that whether or not attributable to flooding, political change, title points, intervention by native landowners, environmental issues, 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 mining, growth and exploration actions, together with on the Skukum Gold Venture; 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 assumptions underlying mineral useful resource estimates and the making of such estimates.

Ahead-looking statements contain identified and unknown dangers, uncertainties and different elements that 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 elements embody, amongst others: the social and financial impacts of COVID-19; precise exploration outcomes; modifications in challenge parameters as plans proceed to be refined; the outcomes of future mineral useful resource estimates; future steel costs; availability of capital and financing on acceptable phrases; basic financial, market or enterprise circumstances; uninsured dangers; regulatory modifications; 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 deal with them; and different exploration or different dangers detailed herein and now and again in paperwork filed by the Firm with securities regulatory authorities. Though the Firm has tried to establish necessary elements that would trigger precise actions, occasions or outcomes to vary from these described within the forward-looking statements, there could also be different elements that trigger such actions, occasions or outcomes differ considerably from these anticipated. There will be no assurance that forward-looking statements will show to be correct and, subsequently, 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 legislation.

Cautionary Word to US Buyers

The technical and scientific info contained herein has been ready in accordance with Nationwide Instrument 43-101, which differs from the requirements adopted by the USA Securities and Trade Fee (the “SEC”). Accordingly, the technical and scientific info contained herein, together with any mineral reserve and mineral useful resource estimates, might not be similar to related info disclosed by United States firms topic to the disclosure necessities of the SEC. Further info relating to the Firm, together with the Firm’s Annual Data Type, could also be obtained beneath the Firm’s profile on SEDAR at www.sedar.comand on the Firm’s web site at www.whitehorsegold.ca.

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