White Gold Corp.

Company Data | Introduction | Projects in Hand | Management
News Update | Chinese

Company Data

Introduction

White Gold Corp. is a Canadian gold exploration company operating exclusively in the prolific White Gold District located south of Dawson City in northwest Yukon, Canada.

White Gold's district scale land package spans over 350,000 hectares, representing 40% of the District and includes defined gold deposits and exciting exploration targets.

The Opportunity

• District Scale Land Package
• Largest land holder in the White Gold District
• Tier 1 mining jurisdiction
• 20M+ oz placer gold and 25M+ oz modern day gold discoveries
• $300M+ Haul grade road infrastructure project underway (Northern Access Route)
• Ranked top 10 globally by the Fraser Institute
• Unique Value Proposition
• Defined high-grade gold deposits:
• Golden Saddle and Arc deposits: 1,139,900 oz Au Indicated & 402,100 oz Au Inferred. Substantially near surface and open-pittable
• VG deposit: 267,600 oz Au Inferred
• New high-grade discoveries
• Betty Ford
• 3.46 g/t Au over 50m (2021)
• 8.94 g/t Au over 18.29m (2022)
• Ryan's Surprise (2km west of Golden Saddle and Arc with 1.5M oz+)
• Initial resource estimate in progress, Q1/Q2 announcement
• 20.64 g/t Au over 6.10m (2018)
• 2.10 g/t Au over 31.78m (2019)
• 17.40 g/t Au over 3.47m (2020)
• 8.69 g/t Au over 12.30m (2020)
• 5.34 g/t Au over 10.85m (2022)
• Experienced Management
• Shawn Ryan – prospecting the Klondike & White Gold districts for the last 25 years
• Terry Brace – 35 years of mineral exploration and mine development experience
• PowerOne Group – 20+ years of experience in investing, financing and managing public natural resource companies
• Strategic Partners
• Financial backing and technical expertise from:
• Agnico Eagle
• Kinross
• Eric Sprott
• Strong capital markets relationships

PROPERTY PORTFOLIO

Largest landholder in the district

• Owns 40% of the district
• Claims: >17,500
• Properties: 30
• Area: >350,000 Hectares (>865,000 Acres)

Extensive Exploration Pipeline

• Advanced-Stage Projects
• Golden Saddle, Arc, VG Zone
• Discovery-Stage Projects
• Betty, Ryan's Surprise, Ulli's Ridge, Vertigo, JPR Property (Multiple)
• Early-Stage Properties
• Nolan, Pedlar, Hayes, Pilot, 20+ Additional Properties

$6 Million 2022 Exploration Program

Betty Property:
Diamond Drilling – Betty Ford and Mascot Targets (2,200m)
RC Drilling – Betty Ford and Other Targets (1,650m)

White Gold Property:
Diamond Drilling – Ryan's Surprise and Ulli's Ridge (9 holes totalling 2,685m which further tested 3 separate target areas)
Focused Prospecting & RAB Drilling – Ryan's Gold-Arsenic Trend (919m) additional results pending

Regional Program:
Geological/structural mapping, Soil Sampling, Drone Magnetics, LiDAR Surveys, Structural Geological Interpretations, Fluid Inclusion Study

White Gold Property

White Gold Corp. acquired the White Gold property from Kinross in 2017. White Gold is located in the Tintina gold belt, approximately 95 km south of Dawson City, Yukon Territory, Canada.

Golden Saddle & Arc Deposits

• First discovery in the White Gold District
• Airstrip, barge access, and a fully operational exploration camp
• 1.14M oz Indicated at 2.28 g/t Au and 402K oz Inferred at 1.39 g/t Au Mineral Resource Estimate (NI 43-101 dated July 2020)
• 50%+ increase in mineral resource estimate from original acquisition in 2017
• Mineralization known to extend beyond the limits of the current resource
• Excellent untested exploration potential in surrounding area (Ryan's Surprise)

VG Deposit

• Located approximately 11 km north of the Golden Saddle deposit, with similar geology and gold mineralogy
• 267,600 oz Au inferred resources (2021)
• VG deposit remains open along strike and downdip

Ryan's Surprise Target

• Ryan's Surprise and the northernmost part of Ulli's Ridge is located approximately 2km west of the Company's flagship Golden Saddle and Arc deposits and 11km south of the Company's VG deposit.
• 2021 drilling comprised of 8 diamond drill holes over 2,561m:
• WHTRS21D026: 3.25m of 10.36 g/t Au, 3.40m of 2.07 g/t Au and 5.05m of 2.09 g/t Au
• WHTRS21D020: 6.00m of 3.66 g/t Au and 25.50m of 1.66 g/t Au
• WHTRS21D019: 15.00m of 1.88 g/t Au and 4.90m of 1.57 g/t Au
• Drilling at the Ryan's Surprise target has now encountered gold mineralization over an approximately 450m E-W by 450m N-S, and to a vertical depth of 450m and remains open in all directions.
• All 2022 diamond holes at Ryan's Surprise intersected gold mineralization with significant results including:
• WHTRS22D029: a lower zone of 5.34 g/t Au over 10.85m, including 37.70 g/t Au over 0.85m, and multiple upper zones including 1.26 g/t Au over 11.15m and 2.74 g/t Au over 4.50m.
• WHTRS22D029 extended mineralization by 50m along strike to the southeast, which continues to remain open.
• WHTRS22D032: Multiple zones including 4.47 g/t Au over 1.40m, 0.58 g/t Au over 17.5m, 8.03 g/t Au over 0.55m and 0.69 g/t Au over 14.35m, including 2.88 g/t Au over 1.80m.
• Initial resource estimate in progress, anticipated Q1/Q2, major catalyst

Ulli's Ridge Target

• Located 1km south of Ryan's Surprise and situated on same 6.5 km long x 1km wide gold in soils anomaly.
• 2021 Drilling Program (7 holes totalling 1,408m):
• WHTULR21D001: 2.04 g/t Au over 5.13m
• WHTULR21D002: 2.44 g/t Au over 4.10m
• WHTULR21D004: 6.94 g/t Au over 19.50m
• WHTULR21D005: 1.36 g/t Au over 18.50m
• WHTULR21D007: 2.50 g/t Au over 4.65m

Betty Property

• The Betty property is contiguous to and approximately 40km east of Newmont's Coffee project which has 2.14 M ounce gold measured and indicated and 0.23 M ounce gold inferred, and 15km northeast of Wester Copper and Gold's Casino porphyry deposit with measured and indicated resources of 14.5 M ounce gold and 7.6 B pound copper and inferred resources of 6.6 M ounce gold and 3.3 B pound copper
• The property hosts several early-stage exploration targets including the Betty Ford, Betty White, Betty Grable, Betty Black and Mascot targets.

Betty Ford Target

• 2021 maiden diamond drilling program at the Betty Ford target:
• BETFD21D003 intersected 50.0m of 3.46 g/tAu from 33.0m
• BETFD21D001 intersected 48.0m of 1.17 g/t Au from 19.0m
• 2022 drill program comprised 5 diamond drill holes totalling 933.0m and 2 RC holes totalling 201.16m
• BETFD22RC004 intersected 8.94 g/t Au over 18.29m from 35.05m depth, including 21.73 g/t Au over 6.10m from 45.75m depth, which has extended gold mineralization along strike to the west for a total of 165m and remains open.
• BETFD22D007 intersected 1.50 g/t Au over 55.15m
• Total mineralized zone over 165m and remains open along strike and at depth
• High priority target for 2023 follow up drilling.

Management

Management and Directors

Shawn Ryan, Co-Founder & Chief Technical Advisor, Director

Mr. Ryan has over 20 years of experience prospecting gold across the Yukon. A global leader in his field, his prospecting and specialization on advanced soil work led to the discovery of the millions of gold ounces including the Golden Saddle & Arc, Coffee, and QV gold resources.

David D'Onofrio, Chief Executive Officer, Director

Mr. D'Onofrio has over a decade of experience in corporate finance and capital markets with a focus on the natural resource sector. As an executive with the PowerOne Group he has developed a depth of knowledge in representing, advising, and assisting emerging companies in accessing capital, advising on mergers and acquisitions and managing their businesses. He is a Chartered Professional Accountant and has also served in a variety of executive roles and director positions to a wide array of private and public enterprises.

Terry Brace, Vice President of Exploration

Mr. Brace has over 25 years of diversified experience in the mineral exploration and mining industry. He has held senior positions with major, mid-tier and junior companies including Teck Resources, Noranda, Pan American Silver, Cornerstone Resources and Thundermin Resources.

Maruf Raza, Director

Sean Bromley, Director

Catherine Lathwell, Chief Financial Officer

Jerry Wang, Senior Accountant

News Update

On December 19, 2023, The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Nov. 30, 2023.

Number of shares: 3,722,133 common shares and 12,121,212 flow-through shares

Purchase price: 30 cents per common share and 33 cents per flow-through share

Number of placees: four placees

Total existing insider involvement: 3,722,133 (one insider)

On December 13, 2023, White Gold Corp. has closed a non-brokered private placement for aggregate gross proceeds of approximately $5.1-million. Agnico Eagle Mines Ltd. participated in the offering in order to maintain its partially-diluted ownership in the company at 19.85 per cent. The offering consisted of the sale of: (i) 3,722,133 common shares in the capital of the company at a price of 30 cents per common share; and (ii) 12,121,212 common shares issued on a flow-through basis at a price of 33 cents per FT share.

The gross proceeds received from the sale of the FT shares will be used to incur Canadian exploration expenses as defined in Subsection 66.1(6) of the Income Tax Act (Canada) on the company's properties in the White gold district of the Yukon Territory and renounced to subscribers in the offering with an effective date no later than Dec. 31, 2023. Such Canadian exploration expenses will also qualify as flow-through mining expenditures as defined in Subsection 127(9) of the tax act. The net proceeds from the sale of the common shares will be used for working capital and other general corporate expenses.

On November 30, 2023, White Gold Corp. has arranged a non-brokered private placement of (i) flow-through (FT) common shares at a price of 33 cents per share; and (ii) common shares in the capital of the company at a price of 30 cents per common share, and for total gross proceeds of approximately $5,116,000.

"We are very appreciative for the continued support for our exciting and impactful exploration activities to advance our significant gold deposit and other recent high-grade gold discoveries on our district-scale land package in the prolific and under explored White Gold district," stated David D'Onofrio, chief executive officer.

Pursuant to an investor rights agreement between the company and Agnico Eagle Mines Ltd. dated Dec. 13, 2016, Agnico has indicated that it intends to maintain its pro rata interest in the company at 19.85 per cent on a postoffering basis through the acquisition of common shares.

The gross proceeds received from the sale of the FT shares will be used to incur Canadian exploration expenses as defined in Subsection 66.1(6) of the Income Tax Act (Canada) on the company's properties in the White Gold district of Yukon and renounced to subscribers in the offering with an effective date no later than Dec. 31, 2023. Such Canadian exploration expenses will also qualify as flow-through mining expenditures as defined in Subsection 127(9) of the Tax Act. The net proceeds from the sale of the common shares will be used for working capital and other general corporate purposes.

On November 14, 2023, White Gold Corp. has released results for 2023 exploration diamond drilling at the Betty Ford target on the Betty property. Assay results for hole BETFD23D015 include 5.04 grams per tonne gold over 20.85 metres within the near-surface oxide domain from 18.65 m depth, including two higher-grade subintervals grading 13.34 g/t Au over 2.30 m and 11.47 g/t Au over 2.05 m. A zone of gold mineralization was also encountered deeper within the sulphide domain of the host breccia unit, grading 0.44 g/t Au over 28.55 m from 107.85 m depth and including a subinterval of 1.38 g/t Au over 6.15 m. The 2023 diamond drilling also encountered a second breccia unit approximately 30 to 50 m north of the main gold-bearing breccia, with the potential for near-surface gold mineralization in the oxide portion of this breccia remaining untested.

On November 08, 2023, White Gold Corp. has released additional results for the 2023 exploration diamond drilling at the Betty Ford target on the Betty property. The new assay results include 2.96 grams per tonne over 46.5 metres from 11.5 m depth in hole BETFD23D014, including a higher-grade subinterval of 5.03 g/t Au over 25 m, which significantly expanded the width of the near-surface high-grade gold zone to the south. Results for hole BETFD23D012 and partial results for hole BETFD23D013 were announced previously on Sept. 7, 2023, highlighted by 3.38 g/t Au over 53 m from 7.3 m depth in BETFD23D013. Results for hole BETFD23D015 remain pending but are expected to be received and announced in the near future.

The Betty property lies along strike and approximately 40 kilometres east-southeast of Newmont Corp.'s Coffee gold deposit with indicated resources of 2.14 million ounces gold and inferred resources of 230,000 oz gold. The Betty property is also contiguous to and 15 km northeast of Western Copper and Gold Corp.'s Casino porphyry copper-gold project with measured and indicated resources of 14.8 Moz gold and 7.6 billion pounds copper and inferred resources of 6.3 Moz gold and 3.1 Blb copper.

Betty Ford is located approximately 65 km southeast of the company's flagship White Gold project in west-central Yukon, Canada, which comprises 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in the indicated resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the inferred resource category.

This drill program forms part of the company's 2023 fully financed exploration program on its extensive and underexplored 350,000-hectare land package in the emerging White Gold district, Yukon, supported by strategic partners Agnico Eagle Mines Ltd. and Kinross Gold Corp.

On September 07, 2023, White Gold Corp. announced the partial results from 2023 exploration diamond drilling at the Betty Ford target on the Betty property including 3.38 g/t Au over 53.0 m from 7.30 m depth in hole BETFD23D013, which included higher grade subintervals of 7.19 g/t Au over 6.30 m and 8.00 g/t Au over 4.35 m. Results of diamond drilling at the Vertigo target on the JP Ross property include 1.4 g/t Au over 58.4 m in hole JPRVER23D0052 from 40.95 m depth, and JPRVER23D0051 which intersected three zones of high-grade gold mineralization. Betty Ford and Vertigo (Figure 1) are located approximately 65 km southeast and 30 km northeast respectively from the Company’s flagship White Gold Project in west-central Yukon, Canada, which comprises 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the Inferred Resource category (1).

On August 15, 2023, White Gold Corp. has commenced its maiden diamond drilling program at the Cali target on the Nolan property in the White Gold district, situated in the west-central region of Yukon, Canada. The Cali target is located approximately 77 km west from Dawson City via the Top of the World Highway, connecting Dawson City to Alaksa, and is perched in the hills surrounding the Sixty Mile River. Historically, the Sixty-Mile River has produced significant amounts of placer gold since the late 19th century, however the area has received minimal modern hard rock exploration. Planned maiden diamond drilling at Cali in 2023 (Figure 2) is designed to test for gold mineralization along a continuous 2 km long multi-element soil anomaly coincident with the Sixtymile-Pika Fault, a large regional structure which bisects the property. The Cali target represents one of the Company's several compelling grassroot projects in the underexplored White Gold District which provide the opportunity for new discoveries in addition to the Company's recently announced gold discoveries and its flagship White Gold Project which comprises 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the Inferred Resource category(1) which remains open for expansion. This drill program forms part of the Company's 2023 fully funded program on its extensive 350,000 hectare land package in the emerging White Gold District, Yukon, supported by strategic partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC).

On July 20, 2023, White Gold Corp. has provided an update on regional components of the 2023 exploration program which are designed to test several of White Gold's most prospective, yet relatively untested soil geochemical targets which are sizable enough geochemical footprints that, if successful, could be capable of hosting significant deposits. As part of this regional program, the company designed maiden rotary air blast (RAB) drilling on the Wolf and Toonie properties to test large soil geochemistry anomalies on both properties, identified through the company's systematic exploration approach that has led to several other discoveries on its other properties. Highlights:

• Maiden RAB drilling of 300 metres at the Wolf property on the Taurus target, where the four RAB holes were designed to test a large two km long by 0.5 km wide gold-in-soil anomaly, with maximum values of 358 ppb Au, along strike and the dip of the zone at depth.
• Maiden RAB drilling of 300 m at the Toonie property on the Deux target, which hosts a 1.5 km by 0.5 km multielement (Au-As-Tl-Ag) soil anomaly, including maximum values of 156 ppb Au, with holes placed to test the full 1.5 km strike length of the anomaly.
• All RAB holes are imaged with downhole optical televiewer, which provides optical records of the borehole wall, to allow for real-time detailed structural analysis and interpretation as drilling progresses.
• RAB drilling at both the Wolf and Toonie properties has been awarded Yukon mineral exploration program (YMEP) grants for target evaluation.
• Results on the company's 2023 exploration program, including the recently completed diamond drilling at the Betty Ford and Vertigo targets, will be announced in due course (see company news releases dated July 6, 2023, and June 21, 2023).
• Maiden diamond drilling on the Cali target located on the Nolan property to test a two km long gold and multielement soil anomaly is set to commence in coming weeks, with further details announced in due course.
• Other components of the regional exploration program include induced polarization-resistivity ground geophysical surveys over the large copper-molybdenum porphyry targets located on the Pedlar and Hayes properties, and additional work to generate new targets for future drill testing including geological mapping and prospecting, soil geochemistry surveys, and ground magnetics and VLF-EM (very-low-frequency electromagnetic) surveys with additional detail to be provided in the coming weeks.

On July 06, 2023, White Gold Corp. has commenced exploration diamond drilling at the Betty Ford target on the Betty property located in the White Gold district, west-central Yukon, Canada, approximately 65 kilometres southeast of the company's flagship White Gold project which comprises 16 million tonnes averaging 2.23 grams per tonne gold for 1,152,900 ounces of gold in the indicated resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the inferred resource category which remains open for expansion. The Betty property is located approximately 40 km east of Newmont Corp.'s Coffee gold deposit (indicated resources of 2.14 million oz gold and inferred resources of 230,000 oz gold) and 15 km northeast of Western Copper and Gold Corp.'s Casino porphyry deposit (measured and indicated resources of 14.8 Moz gold and 7.6 billion pounds copper and inferred resources of 6.3 Moz gold and 3.1 Blb copper). Planned drilling at Betty Ford in 2023 will continue to evaluate the zone of near-surface high-grade gold mineralization, which has previously returned intersections of 3.46 g/t Au over 50 metres (BETFD21D003) and 1.17 g/t Au over 48 m (BETFD21D001) during maiden drilling in 2021, and 8.94 g/t Au over 18.29 m (BETFD22RC004) and 1.50 g/t Au over 55.20 m (BETFD22D007) in follow-up drilling in 2022. The focus of the 2023 drill program is to test for a mineralized buried porphyry at depth and possible feeder contact/structure for the near-surface gold mineralization. This drill program forms part of the company's 2023 fully financed exploration program on its extensive and underexplored 350,000-hectare land package in the emerging White Gold district, Yukon, supported by strategic partners Agnico Eagle Mines Ltd. and Kinross Gold Corp.

On June 21, 2023, White Gold Corp. announced that the exploration diamond drilling has commenced at the Vertigo target on White Gold Corp.'s JP Ross property located in the White Gold district, west-central Yukon, Canada. Vertigo is located approximately 30 kilometres northeast of the company's flagship White Gold project which comprises 16 million tonnes averaging 2.23 grams per tonne Au for 1,152,900 ounces of gold in the indicated resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the inferred resource category. Drilling at Vertigo is planned to test a revised structural interpretation developed from a recent analysis of structural data which has identified multiple untested vein sets in the hangingwall. The presence of these vein sets can potentially improve the continuity of the gold mineralization, thereby increasing the chances of delineating a bulk-tonnage high-grade gold and silver deposit. Vertigo is road accessible which has provided the opportunity to commence work on this project as the company prepares for it coming diamond drilling on its Betty and Nolan properties. This drill program forms part of the company's 2023 fully financed exploration program on its extensive and underexplored 350,000-hectare land package in the emerging White Gold district, Yukon, supported by strategic partners Agnico Eagle Mines Ltd. and Kinross Gold Corp.

On June 15, 2023, White Gold Corp. has released its plans for its fully financed 2023 exploration program on its district-scale, 350,000-hectare land package, representing over 40 per cent of the emerging White Gold district in Yukon, Canada. The 2023 program is designed to further evaluate targets on the Betty and JP Ross properties and to perform maiden diamond drilling on the Cali target located on the Nolan property. Other regional exploration work includes maiden rotary air blast (RAB) drilling on the Wolf and Toonie properties and a significant early-stage exploration program to identify and advance other targets on the company's extensive and underexplored land package in which the company has made several high-grade gold discoveries in addition to significantly increasing resources at the company's flagship White Gold project which comprises 16 million tonnes averaging 2.23 grams per tonne Au for 1,152,900 ounces of gold in the indicated resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the inferred resource category and remains open for expansion.

"We are excited to kick off our 2023 exploration programs in the White Gold district," stated Terry Brace, the company's vice-president of exploration. "Diamond drilling at Betty Ford is primarily designed to test the mineralized system at depth, essentially looking for evidence of an underlying porphyry as well as trying to identify the feeder to gold mineralization that occurs near surface. We have also reviewed the existing structural information at Vertigo, including borehole optical televiewer data and vein measurements recorded in trenches, and feel this year's drill orientation will more effectively test the multiple mineralized vein sets at Vertigo. The planned diamond drill holes at the Cali target are widely spaced holes designed to test this two-kilometre-long gold and multielement soil geochemical anomaly which occurs along a major regional structure, so we really like the apparent size and geological setting of Cali."

On June 08, 2023, White Gold Corp. has filed a technical report in accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects to update the mineral resource estimate (MRE) on its 100-per-cent-owned flagship White Gold project. The technical report entitled "2023 Technical Report for the White Gold Project, Dawson Range, Yukon, Canada" and dated May 30, 2023 (effective date April 15, 2023), has been prepared for the company by Dr. Gilles Arseneau, PGeo, of Arseneau Consulting Services Inc. (ACS). The technical report is available on SEDAR under the company's issuer profile.

"We are very pleased with the significant increase in our mineral resources, which remains open for expansion, ranking the White Gold project amongst the largest primarily open-pit deposits at such high grades in Canada owned by an exploration company. We look forward to continuing exploration on our district-scale land package in the prolific White Gold district which hosts several multimillion-ounce deposits along with an extensive history of placer gold production. This updated and increased resource is a testament to the success of our technical team and the effectiveness of our systematic data driven exploration methodologies in exploring and demonstrating the expansiveness of gold mineralization in the White Gold district," stated David D'Onofrio, chief executive officer

On April 25, 2023, White Gold Corp. has released an updated mineral resource estimate (MRE) for its flagship White Gold project located approximately 95 kilometres south of Dawson City in west-central Yukon, Canada. The White Gold project now comprises 16 million tonnes (Mt) averaging 2.23 grams per tonne (g/t) gold (Au) for 1,152,900 ounces (oz) of gold in the indicated resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the inferred resource category. Exploration programs supporting the MRE have been backed by partners Agnico Eagle Mines Ltd. and Kinross Gold Corp. Highlights:

• Updated MRE includes four gold deposits -- Golden Saddle, Arc, Ryan's Surprise and VG, within 12 km of each other, and comprises:
• 16.11 million tonnes of indicated resources averaging 2.23 grams per tonne gold for 1.15 million ounces of gold, representing 55 per cent of total resources;
• 18.99 million tonnes of inferred resources averaging 1.54 grams per tonne gold for 942,400 ounces of gold, representing 45 per cent of total resources.
• Updated MRE includes a maiden resource estimate for the Ryan's Surprise deposit with an inferred resource of 227,700 ounces of gold averaging 1.97 grams per tonne gold;
• The Ryan's Surprise deposit is located 1.5 km west of the Golden Saddle and Arc deposits, and along the Ryan's trend, a 6.5 km long gold-arsenic geochemical anomaly which hosts additional prospective gold targets;
• Inferred mineral resources have increased by 41 per cent compared with previous MREs for the Golden Saddle and Arc deposits in 2020, and the VG deposit in 2021;
• 94 per cent of the resources are near surface, with open-pittable indicated resources of 1.12 million ounces of gold averaging 2.2 grams per tonne gold and open-pittable inferred resources of 853,000 ounces of gold averaging 1.46 grams per tonne gold;
• Mineralization at the Golden Saddle, Arc, Ryan's Surprise and VG deposits all remain open along strike and down dip, with opportunities to further expand and upgrade resources in addition to multiple underexplored targets in close proximity to the deposits;
• The company is currently planning its fully financed 2023 exploration program, focusing on recent high-grade gold discoveries and undrilled targets, with details to be announced in due course.

"We are very pleased with the significant increase in our mineral resources. In a relatively short period of time, we have delineated a very large gold resource, with significant opportunity for continued expansion. The White Gold project now ranks amongst the largest primarily open-pit deposits at such high grades in Canada owned by an exploration company. The updated and increased resource is a testament to the success of our technical team, our systematic data-driven exploration methodologies and the expansiveness of gold mineralization in the White Gold district. The company's efficient and scalable exploration methodology clearly demonstrates the vast potential within the property and the district to efficiently add high-quality gold ounces. We would like to thank all our partners and stakeholders for their continued support in what we believe is the early days for the development of the White Gold district into a significant new Canadian mining camp," stated David D'Onofrio, chief executive officer.

On April 05, 2023, White Gold Corp. has released an exploration update on two large copper-molybdenum porphyry targets on its Pedlar and Hayes properties situated in the southern portion of its 350,000-hectare land package, located approximately 25 kilometres northeast and 30 km east of Western Copper and Gold Corp.'s Casino copper-gold porphyry deposit, respectively. The Casino deposit has measured and indicated resources of 7.6 Blb (billion pounds) copper and 14.8 Moz (million ounces) gold and inferred resources of 3.1 Blb copper and 6.3 Moz gold; it is contiguous to the company's Betty property. The company is primarily targeting similar Casino-style porphyry mineralization on these early-stage projects. These results form part of the company's 2022 $6-million exploration program on its extensive and underexplored land package in the emerging White Gold district, Yukon, supported by strategic partners including Agnico Eagle Mines Ltd. and Kinross Gold Corp.

On February 23, 2023, White Gold Corp. has released additional assay results from its 2022 diamond drilling program on the Ryan's Surprise and Ulli's Ridge targets, as well as rotary air blast (RAB) drilling results from previously undrilled targets along the Ryan's Trend, a 6.5-kilometre-long north-northwest-striking zone of anomalous gold and arsenic in soils. The Ryan's Surprise and Ulli's Ridge targets are located approximately two kilometres (km) west of the company's flagship Golden Saddle and Arc deposits and 11 km south of the company's VG deposit. The Golden Saddle and Arc deposits have a combined mineral resource of 1,139,900 ounces indicated at 2.28 grams per tonne (g/t) gold (Au) and 402,100 ounces inferred at 1.39 g/t Au and the VG deposit hosts an inferred gold resource of 267,600 ounces at 1.62 g/t Au. These assays represent additional positive results from the company's $6-million 2022 exploration program on its extensive and underexplored 350,000-hectare land package in the emerging White Gold district, Yukon, supported by strategic partners, including Agnico Eagle Mines Ltd. and Kinross Gold Corp.

"We are very pleased to see the significant extension of mineralization at the Ryan's Surprise almost doubling its strike length, as well as the discovery of gold mineralization at multiple other targets in first-ever drilling along this underexplored trend which has now encountered gold mineralization over a length of 5.5 km. The abundance of gold mineralization and its vicinity to our flagship gold deposits is very encouraging for the continued expansion of our significant gold resources in this area. Over all, 2022 was a very successful year in which we continued to demonstrate the growth potential of our flagship project, which ranks amongst the largest high-grade gold deposits in the Yukon, and also expand our exciting new high-grade Betty discovery, contiguous to Newmont's Coffee project and Western Copper and Gold's Casino project," stated David D'Onofrio, chief executive officer.

January 5, 2023, White Gold Corp. Intersects Significant Additional Gold Mineralization including 5.34 g/t Gold over 10.85m Further Extending Mineralization Along Strike at the Ryan's Surprise Target on its Flagship White Gold Property, Yukon, Canada

https://whitegoldcorp.ca/news/2023/-white-gold-corp-intersects-significant-additional-gold-mineralization-including-534-gt-gold-over-1085m-further-extending-mineralization-along-strike-at-the-ryans-surprise-target-on-its-flagship-white-gold-property-yukon-canada

December 19, 2022, White Gold Corp. Announces Closing of Fully Subscribed $4.4 Million Private Placement

https://whitegoldcorp.ca/news/2022/white-gold-corp-announces-closing-of-fully-subscribed-44-million-private-placement

December 8, 2022, White Gold Corp. Intersects Additional Near Surface High-Grade Gold Mineralization of 8.94 g/t Gold over 18.29m including 21.73 g/t Gold over 6.10m Extending Mineralization Along Strike at the Betty Ford Target, Yukon, Canada

https://whitegoldcorp.ca/news/2022/white-gold-corp-intersects-additional-near-surface-high-grade-gold-mineralization-of-894-gt-gold-over-1829m-including-2173-gt-gold-over-610m-extending-mineralization-along-strike-at-the-betty-ford-target-yukon-canada

November 28, 2022, White Gold Corp. Intersects Broad Zones of Near Surface Gold Mineralization including 55.2m of 1.50 g/t Gold Extending Mineralization Along Strike at its Betty Ford Target and 27.4m of 1.14 g/t Gold at the Mascot Target, Yukon, Canada

https://whitegoldcorp.ca/news/2022/white-gold-corp-intersects-broad-zones-of-near-surface-gold-mineralization-including-552m-of-150-gt-gold-extending-mineralization-along-strike-at-its-betty-ford-target-and-274m-of-114-gt-gold-at-the-mascot-target-yukon-canada

Additional results from 2022 exploration program still pending.

  Disclaimer

Copyright (c) 2000 - 2025 Chinese Investment Club Inc.
All Right Reserved. Do not duplicate or redistributed in any form.
版權所有, 未經同意, 不得以任何形式轉載或翻印