Aggressive program in a highly prospective portion of the "Ring of Fire" mineralized zone.
Message: White Pine to Commence Exploration in Yukon's White Gold District
Press Release Source: White Pine Resources Inc. On Wednesday May 25, 2011, 1:48 pm EDT
TORONTO, ONTARIO--(Marketwire - May 25, 2011) - White Pine Resources Inc. (TSX VENTURE:WPR - News; "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
Please login to post a reply