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WPR

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Share Name Share Symbol Market Type
TSXV:WPR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
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White Pine Announces Results from 2012 Exploration Program in White Gold District, Yukon

18/10/2012 7:35pm

Marketwired Canada


White Pine Resources Inc. (TSX VENTURE:WPR) ("White Pine") is pleased to
announce the results of its 2012 exploration program on its Money and Tender
properties located in the White Gold District of the Yukon, both optioned in
early 2011 from Shawn Ryan. The 2012 exploration program consisted of the
collection of 28 rock, 126 soil and 66 stream sediment samples, a 50 metre ("m")
trench over a 1.2 grams per tonne ("g/t") gold soil anomaly and reclamation of
2011 trenches during an 18 man day evaluation of the Money property (Nickel,
Penny and Toonie claims), and the collection of 2 rock, 20 soil and 4 stream
sediment samples during a 3 man day evaluation of the Three Kings Target on the
Tender property. It should be noted that rock exposure on the properties is less
than 1%. 


Exploration on the Money property in 2012 concentrated on the evaluation of the
Sixty, Twenty, Toonie and Nickel alteration zones identified from the 2011
airborne geophysics survey, with coincident stream sediment and soil anomalies.
The Twenty target includes anomalous soil values of 475.1 and 44.4 parts per
billion ("ppb") gold and the drainage basin of a 3,600 ppb fine gold stream
sediment anomaly. The Toonie target is drained by a 20 ppb coarse gold stream
sediment anomaly and two government stream sediment anomalies of 35 and 37 ppb
gold. The Nickel target includes a 2 kilometre ("km") north-northwesterly
trending soil with values of 229.2 and 116.6 ppb gold within the drainage basin
of a 5,240 ppb fine gold stream sediment anomaly just west of the Cupid zone on
the Ten Mile Creek property of Rackla Metals Inc., which returned 3.45 g/t gold
in float (www.racklametals.com). 


Ridge and spur soil sampling on the Nickel target in 2012, extended the
north-northwesterly trending soil anomaly a further 1 km to the north, resulting
in a 3 km long, open ended anomaly, and follow up of a 40.2 ppb gold soil within
the anomaly returned 127.9 ppb gold and 179.4 parts per million arsenic. In
addition silicification and quartz veins were found associated with a probable
Jurassic aged stock. Jurassic intrusions are known to host mineralization within
the White Gold district (at Stina's Dime and Rackla Metals' Ten Mile Creek
properties to the east), and mineralization at Golden Saddle has been dated as
Jurassic. 


An 85.2 ppb gold stream sediment anomaly was obtained from the Toonie North zone
in an area of no rock exposure. An anomalous 4 km2 drainage basin was delineated
in the headwaters of a 20 ppb coarse gold stream sediment anomaly on the Toonie
target. Trenching of a 1.2 g/t gold soil anomaly 4 km further west did not
return significant results. A gold anomalous drainage basin was identified
within the Sixty target, coincident with a zone of magnetic disruption
identified by the 2011 airborne geophysics survey and silicification was noted
within the augen gneiss approximately 5 km to the northwest.


The Three Kings target at Tender covers a coarse gold anomalous drainage basin
(46 ppb Au with 211 ppb gold downstream) with an east-northeasterly trending
zone of anomalous gold in soils (maximum 77.3 ppb gold), identified from White
Pine's 2011 exploration program of stream sediment and ridge and spur soil
sampling. In 2012 the anomalous soils were found to be associated with augen
gneiss, which is the main host at Kaminak's Coffee Project, Kinross' Golden
Saddle deposit and the newly discovered VG zone at Comstock Metals' QV property.
The 2012 soil line returned two anomalous gold values greater than 10 ppb gold
(12.3 and 16.1 ppb), further defining the east-northeasterly trend, which is the
orientation of the Golden Saddle deposit and the VG zone at QV. 


Granitic sills, which are evident at the VG zone at QV, and granodiorite of
probable Jurassic age (since Jurassic aged intrusions have been mapped by the
Geological Survey of Canada in the area) were identified within the Three Kings
anomalous drainage basin. 


In 2013 grid soil sampling has been recommended over the Nickel target, the 85.2
ppb gold anomalous drainage basin on Toonie North, the 4 km2 drainage basin on
Toonie, and the zone of magnetic disruption within the anomalous drainage basin
on the Sixty Target, all on the Money property, and grid soil sampling over the
Three Kings Target on the Tender property. Anomalous results should be followed
up by small excavator trenching.


Analytical analyses were completed by Acme Analytical Laboratories Ltd.,
Vancouver, British Columbia, an IS0 9001:2008 accredited facility.


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.


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