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Whitehorse Gold Corp. (TSXV:WHG) – Notable News

April 6, 2022

Whitehorse Gold Corp. (TSXV:WHG, BUY, C$1.65 target, Timothy Lee) has entered into a loan agreement with a private gold mining company that owns certain mining concessions and licenses in Guinea. The agreement gives Whitehorse the exclusive right, for a four-month period, to negotiate an option agreement to acquire a 100%-interest in these Guinean properties. In exchange, Whitehorse has advanced US$250k to the private company, as payment for taxes on the properties, for a two year period and interest rate of 5%. Whitehorse has been focused on advancing its 100%-owned Skukum Au-Ag project in the Yukon, where final assays from a 30-hole drilling program were recently reported (read more). Based on these results, an updated resource estimate for the 581k oz AuEq, Skukum project is expected in the near term. Read more

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