White Pine to Commence Exploration in Yukon's White Gold District
26 5월 2011 - 2:48AM
Marketwired
White Pine Resources Inc. (TSX VENTURE: WPR) ("White Pine") is
pleased to announce that its Phase 1 exploration program will begin
shortly over its Money and Tender properties located in the Yukon's
White Gold District. Both property packages were optioned earlier
in the year from Shawn Ryan. The Phase 1 exploration program,
budgeted at $1 million, will consist of reconnaissance deep-auger
soil sampling followed by gridded soil surveys, geological mapping,
trenching and an airborne radiometric and magnetometer survey.
A total of approximately 5,800 soil samples (4,200 on the Money
and 1,600 on the Tender) will be taken by Ground Truth Exploration
Inc., staffed by crew chiefs trained by Shawn Ryan who perfected
the technique and expertise of taking deep auger samples, which led
to the discoveries at Kinross Gold Corporation's White Gold deposit
and numerous discoveries on Kaminak Gold Corporation's Coffee
Project. White Pine's Money property hosts sections of Sixty Mile
Creek, a known historic placer creek located south of Dawson.
Follow-up work to anomalous reconnaissance soil samples on both the
Money and Tender properties will consist of either trenching and/or
grid sampling.
In mid-July, an airborne high resolution aeromagnetic and
radiometric survey with 100 metre line-spacing over both properties
will also be conducted. The survey is being conducted by Precision
GeoSurveys Inc., of Vancouver.
"We are excited about the upcoming field season in the White
Gold Area and the opportunities this provides for White Pine in
this developing gold district," states Rob Cudney, President and
CEO of White Pine.
Jean Pautler, P.Geo., is the designated qualified person as
defined in Section 1.2 in and for the purposes of National
Instrument 43-101 responsible for the review of the technical
content contained in this release.
About White Pine Resources Inc.
White Pine is a Canadian based mineral exploration company
primarily focused on the exploration and development of mineral
deposits in Canada.
Forward Looking Statements - Certain information set forth in
this news release may contain forward-looking statements that
involve substantial known and unknown risks and uncertainties.
These forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of White
Pine, including, but not limited to the impact of general economic
conditions, industry conditions, and dependence upon regulatory
approvals. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking
statements.
Shares Outstanding: 28,832,659
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
Contacts: White Pine Resources Inc. Robert Cudney President and
CEO (416) 628-6626 (416) 628-5911 (FAX)
info@whitepineresources.ca
White Pine Resources Inc. (TSXV:WPR)
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