White Knight Resources Ltd.

White Knight Resources Ltd.

March 08, 2005 16:05 ET

White Knight Resources Ltd.: Additional Properties Acquired in Nevada


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: WHITE KNIGHT RESOURCES LTD.

TSX VENTURE SYMBOL: WKR

MARCH 8, 2005 - 16:05 ET

White Knight Resources Ltd.: Additional Properties
Acquired in Nevada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 8, 2005) - White
Knight Resources Ltd. ("White Knight")(TSX VENTURE:WKR) announces the
acquisition by staking of two new Carlin-type gold exploration
properties in Nevada: the Knolls property in Humboldt County and the Ian
property in Eureka County.

The 100% owned Knolls property consists of 180 unpatented mining claims,
approximately 5 1/2 square miles of mineral rights. The property lies 4
miles east of Newmont's Twin Creeks Mine (greater than 13 million oz
gold production plus reserves). The Knolls property is centered on an
uplifted block of Ordovician Valmy Formation flanked by
Pennsylvanian-Permian Antler Group sediments, the host for gold
mineralization at the Chimney Creek Mine of the Twin Creeks Complex.
Rock-chip sampling by White Knight has established the existence of a
gold-bearing hydrothermal system characterized by strongly anomalous
arsenic, antimony, mercury and barium and weakly anomalous gold,
suggestive of the upper levels of a Carlin-type gold system. The
structural setting of the property is similar to that of the Twin Creeks
area, dominated by north-northwest and northeast-trending structures.
Post-mineral Quaternary gravels and Tertiary volcanics cover most of the
claim block.

The 100% owned Ian claim group consists of 51 unpatented mining claims
located in the southern Cortez Trend and adjoining White Knight's Sno
claims at the Gold Stone Open Pit, which produced 71,000 oz gold. The
Ian claims cover nearly 2 miles of strike length along a series of
northwest-trending structures cutting through the Gold Pick, Gold Ridge
and Gold Stone mines. The geology of the claim block consists of
favourable Lower-plate carbonate rocks in the southern part of the block
and Upper-plate Vinini Formation overlying Lower-plate carbonates along
the Roberts Mountains thrust in the northern area. White Knight is
planning a program of geologic mapping and geochemical sampling to
further evaluate the mineral potential of this property.

In addition to the Knolls and Ian properties, White Knight recently
located an additional 40 claims at its 100% owned Gold Bar Horst
property, which surrounds the former Gold Bar Mine of Atlas Precious
Metals Inc. (286,000 oz gold production). The new claims extend the
claim block for about 1 mile to the southeast along the projection of
the Gold Bar horst. The claims lie west of Newmont's large claim block
and north of the Placer Dome/Bravo Venture Group claim block, where
Bravo recently reported an intercept of 50 ft @ 2.4 g/t gold from
sampling cuttings of an historic oil well. The claims are covered by
Quaternary gravels. Gravity data and widespread previous drill holes
suggest relatively thin gravels in the area.

White Knight now controls over 100 square miles of mineral rights in the
prolific Battle Mountain-Eureka, Lovelock-Austin and Carlin trends of
Nevada. The total anticipated drilling exposure in 2005 for White Knight
is expected to be approximately 65,000 feet on seven properties.

This news release was reviewed and the contents have been verified by
the Company's Qualified Person, John M. Leask, P.Eng.

On behalf of the Board of Directors,

John M. Leask, P.Eng., Chairman of the Board


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    White Knight Resources Ltd.
    John M. Leask, P.Eng.
    Chairman of the Board
    (604) 681-4462
    (604) 681-0180 (FAX)
    info@whiteknightres.com
    www.whiteknightres.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.