TORONTO, ONTARIO--(Marketwire - May 29, 2012) - White Pine Resources Inc. (TSX VENTURE:WPR) ("White Pine") is pleased to announce the details of its 2012 exploration programs on its Money and Tender properties located in the White Gold District of the Yukon, both optioned in early 2011 from Shawn Ryan. The 2011 exploration programs consisted of reconnaissance deep-auger soil sampling (4,684 samples on the Money and 1,497 samples on the Tender), a stream sediment sample survey, an airborne radiometric and magnetometer survey, and a 1,620 sample grid soil survey on the Money, followed by limited trenching. The airborne geophysical survey was interpreted by TerraNotes Ltd. Geophysics and defined twenty-nine regions of interest.
Based on the favourable geological setting, geology, magnetic and radiometric geophysical signature, gold in soil anomalies, presence of placer creeks, similarities and proximity to the White Gold deposit, and similarities and proximity to the Ten and Jual occurrences for the Money property, and to the JP Ross occurrence for the Tender property, further work has been recommended on the Money and Tender properties. The White Gold deposit and JP Ross occurrence are being explored by Kinross Gold Corporation.
Significant alteration zones identified from the 2011 airborne geophysics survey will initially be evaluated by prospecting, mapping, and rock geochemical sampling in June, 2012. Targets on the Money property include the altered Nickel and Sixty stocks, and another altered stock interpreted on the southern Toonie claims, and significant zones of thorium depletion on the northern Nickel claims, northeast Toonie and central Toonie claims. The latter target is in part coincident with the gold in soil anomaly on the Toonie grid and covers a significant gold anomalous drainage basin. Targets on the Tender property include anomalous gold in soil anomalies in the west Gay Creek area and an antimony anomaly in the east Tenderfoot area.
Grid soil sampling will be undertaken by GroundTruth Exploration Inc. over the Nickel claims on the Money property and in the west Gay Creek area on the Tender property in August, due to more favourable sampling conditions at this time.
"We are excited about the upcoming field season in the White Gold District and the opportunities this provides for White Pine in this developing gold district" states Robert 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.
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Contact Information:
Robert Cudney
President and CEO
(416) 628-6626
(416) 628-5911 (FAX)
info@whitepineresources.ca