White Knight Resources Ltd.: Drilling Program Completed at Gold Pick Project, Nevada
Posted on: Wednesday, 15 February 2006, 15:00 CST
White Knight Resources Ltd. (TSX VENTURE:WKR) -
White Knight Resources Ltd. (the "Company") announces results from the second half of the 2005 drilling program at its wholly owned Gold Pick Project, Nevada. The program consisted of 19 reverse-circulation drill holes for a total of 3,554 metres (11,700 ft). Assay results from the second half of the program (9 holes totaling 1,731 metres/5,680 feet) are shown in the following table.
-------------------------------------------------------------------- Drill From To Intercept Intercept Au Au Hole (metres) (metres) (metres) (feet) (g/t) (opt) -------------------------------------------------------------------- GPQ-11 117.3 123.4 6.1 20 1.30 0.033 -------------------------------------------------------------------- GPQ-12 123.4 129.5 6.1 20 1.06 0.031 140.2 143.3 3.0 10 0.89 0.026 147.8 150.9 3.0 10 0.82 0.024 196.6 205.7 9.1 30 0.58 0.107 -------------------------------------------------------------------- GPQ-13 NSV NSV -------------------------------------------------------------------- GPQ-14 NSV NSV -------------------------------------------------------------------- GPQ-15 155.4 160.0 4.6 15 0.41 0.012 -------------------------------------------------------------------- GPQ-16 160.0 167.6 7.6 25 2.84 0.083 incl 161.5 164.6 3.0 10 5.48 0.160 -------------------------------------------------------------------- GPQ-17 NSV NSV -------------------------------------------------------------------- GPQ-18 Hole lost - redrilled as GPQ-19 -------------------------------------------------------------------- GPQ-19 NSV NSV -------------------------------------------------------------------- - true widths are not known - NSV equals no significant values
Holes GPQ-11 and GPQ-12 were drilled along the northeast extension of the feeder fault for the gold mineralization in Gold Pick East. Mineralization remains open in this direction. Hole GPQ-16 was a 30 metre (100 ft) offset to the south of hole GPQ-6, which contained 9.1 metres (30 ft) grading 2.11 g/t (0.062 opt) gold including 1.5 metres (5 ft) grading 7.88 g/t (0.23 opt) gold. Hole 16 established the width and continuity of the southwest extension of the feeder zone, more than 180 metres (600 ft) southwest of the resource boundary. The fence of barren holes drilled along the haul road west of holes GPQ-6 and 16 indicates that the mineralized zone extends to the south of the road, where new road construction will be required for further drilling.
This drill program was designed to expand the known gold mineralization at Gold Pick beyond the designed pit limits. It achieved that objective and, as a consequence, the Company plans a 25-hole drilling program for the 2006 field season. A three-dimensional computer model will be used to assist in exploration drill hole targeting.
Quality Control
The Company employs a Quality Control program consisting of re-assaying of both mineralized ( greater than 0.010 oz/ton gold) and randomly selected coarse reject samples, insertion of coarse standard samples, and assaying of both random and mineralized duplicate drill samples though an umpire laboratory (BSI Inspectorate of Sparks, NV). Drill-cuttings samples for holes GPQ 11-17 were bagged, sealed and shipped directly to American Assay Laboratories in Sparks, Nevada for preparation and analysis. Hole GPQ-19 was assayed by BSi Inspectorate with check assays performed by ALS Chemex. All samples were analyzed for gold and silver by fire-assay technique.
About White Knight Resources Ltd.
White Knight is an exploration company active in finding and exploring mineral prospects. The Company has been exploring Nevada since 1993 and currently controls the second largest land holding in the Cortez Trend. Its property portfolio includes 18 properties (over 60,000 acres), sixteen of which are located in the Cortez Trend. A drill program of 70,000+ feet has been recently complete. The Company anticipates a similar program for 2006.
The Company has re-filed 43-101 technical reports on its Fye and New Pass properties. To view the reports, please visit www.sedar.com.
This news release was reviewed and the contents have been verified by Gordon P. Leask, P.Eng., Director of the Company and a Qualified Person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).
On behalf of the Board of Directors,
Gordon P. Leask, P.Eng., Director
The TSX Venture Exchange does not accept responsibility for the ad equacy or accuracy of this release.
White Knight Resources Ltd. (TSX VENTURE:WKR)
Source: Business Wire
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