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White Gold Corp.

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

Address :  82 Richmond Street East
Toronto, ON
Canada M5C 1P1
Tel No.: 647-930-1880
Web Site: www.whitegoldcorp.ca
E-mail: ir@whitegoldcorp.ca
Contact Person: Jerry Wang
Position: Senior Accountant


Company Data

Traded Market: TSX-V | OTCQX | FRA
Traded Symbol: WGO | WHGOF | 29W
Outstanding Shares: 149,589,920
Public Float: Approx. 35%
52 Week High: $ 0.85
52 Week Low: $ 0.45
Present Price: Click Here


Introduction

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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.

Company Highlights

  • District-Scale Gold Exploration Opportunity:
    • Owns over 40% of the Yukon's emerging White Gold District consisting of over 30 properties covering over 420,000+ hectares.
    • The Company's 30+ properties range from a variety of exploration stage, from early stage (regional exploration work), to discovery stage (preliminary drilling), to advanced stage (advanced diamond drilling).
  • Significant Defined Gold Resources:
    • The Golden Saddle and Arc deposits contain 1.14M oz indicated at 2.28 g/t Au and 402K oz Inferred at 1.39 g/t Au. The deposit is open-pittable and open for expansion along strike and at depth.
    • The VG deposit located 11km north of the Golden Saddle and Arc contains 267K oz Inferred at 1.62 g/t Au, with potential for expansion at depth and along strike. The VG deposit also hosts similar mineralogy to the Golden Saddle.
  • Experienced Management:
    • Led by legendary prospector, Shawn Ryan, who was directly involved in all the major discoveries in the district, and complimented by an accomplished executive team. Shawn's proprietary exploration strategy has led to the discovery of the Coffee deposit, sold for $520M in 2016, and the Golden Saddle deposit, sold for $139M in 2011.
  • Strategic Partners:
    • Agnico Eagle and Kinross each own 19.7% and 15.8% respectively of White Gold Corp., providing valuable technical and financial support to the Company.
    • The Company has built strong capital market relationships with strong access to capital.
  • Vast Exploration Potential:
    • The Company's innovative and systematic data driven exploration strategy has produced multiple high grade discoveries, including:
      • Betty: 3.46 g/t Au over 50.0m and 1.17 g/t Au over 48.0m (2021 diamond drilling)
      • Ryan's Surprise: 20.64 g/t Au over 6.10m and 5.02 g/t Au over 13.72m (2018 RC drilling), and 8.69 g/t Au over 12.3m and 17.4 g/t Au over 3.47m (2020 diamond drilling)
      • Ulli's Ridge:1.35 g/t Au over 21.33m and 4.67 g/t Au over 6.10m (2021 RAB drilling)
  • Exciting Exploration Pipeline:
    • Property package includes several highly prospective gold targets
    • The Betty property which is 40km east and contiguous to 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 Bonanza property is located the site of the richest placer creek in the Yukon and ground zero of the original Klondike gold rush in 1896.
  • Tier 1 Mining Jurisdiction:
    • Located in Canada, with supportive local and federal government and first nations with a rich mining history in the jurisdiction
    • The Resource Gateway Project will see over $360M committed to improve infrastructure and roads in the district.


PROPERTY PORTFOLIO

  • 20,000+ mineral quartz claims; single largest landholder in the district
  • 40%+ of land in the district
  • 1,000,000+ acres (420,000+ hectares)
  • 30+ different properties and projects

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

  • Bonanza, Nolan, IND, Dime, Hunker, Hayes, 20+ Additional Properties

White Gold Project

White Gold Corp. acquired the White Gold property 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 at satellite targets Ryan's Surprise and Ulli's Ridge

VG Deposit

  • Located approximately 11 km north of the Golden Saddle deposit, with similar geology and gold mineralogy
  • 267,600 oz Au inferred resources
  • Opportunities exist at the VG deposit to quickly upgrade a significant portion of inferred resources to indicated
  • VG deposit remains open along strike and downdip

Mineral Resources

Indicated Resource

Inferred Resource

Deposit

Tonnage

(000's)

Grade

(g/t)

Contained Gold

(ounces)

Tonnage

(000's)

Grade

(g/t)

Contained Gold

(ounces)

Golden Saddle

– near surface

14,815

2.31

1,098,300

3,454

1.43

159,100

Golden Saddle

– underground

143

4.53

20,800

326

4.33

45,300

Arc – near surface

613

1.06

20,800

5,221

1.18

197,700

TOTAL

15,571

2.28

1,139,900

9,001

1.39

402,100

 

Indicated Resource

Inferred Resource

Deposit

Tonnage

(000's)

Grade

(g/t)

Contained Gold

(ounces)

Tonnage

(000's)

Grade

(g/t)

Contained Gold

(ounces)

VG – near surface

-

-

-

5,264

1.62

267,600

YUKON PROJECTS TOTAL RESOURCES

15,571

2.28

1,139,900

14,265

1.47

669,700

Betty Ford Target

  • The Betty property is located proximal to and approximately 40km east of Newmont Corporation's Coffee Gold deposit and 15km northeast of Western Copper and Gold's Casino porphyry deposit
  • 2021 maiden diamond drilling program at the Betty Ford target:
    • Hole D003 intersected 50.0m of 3.46 g/t Au from 33.0m
    • Hole D001 intersected 48.0m of 1.17 g/t Au from 19.0m
  • Further details here: https://whitegoldcorp.ca/news/releases/index.php?content_id=287

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
  • Further details here: https://whitegoldcorp.ca/news/releases/index.php?content_id=285

Ulli's Ridge

  • Located 1km south of Ryan's Surprise and situated on same 6.5 km long x 1km wide gold in soils anomaly
  • The Company conducted a RAB drill program comprising of 11 holes totalling 937m:
    • WHTULR21RAB006: 6.10m of 4.67 g/t Au
    • WHTULR21RAB005: 21.33m of 1.35 g/t Au
    • WHTULR21RAB009: 1.52m of 4.43 g/t Au, 4.57m of 1.53 g/t Au & 9.14m of 2.26 g/t Au
  • Further details here: https://whitegoldcorp.ca/news/releases/index.php?content_id=284

Key Takeaways

  • District-scale (1+ million acres) prospective land package in the White Gold – Klondike districts of Yukon, Canada, representing over 40% of the mineral quartz claims in a tier 1 mining jurisdiction
  • 20+ million ounces of historical placer gold production in region, with relatively limited modern-day hard rock exploration already leading to multiple 1+ million ounce gold discoveries
  • Unique mix of early and discovery stage properties along with advanced-stage exploration projects with high-grade, open-pit gold resources (Golden Saddle-Arc & VG deposits)
  • Strong geographic (exclusively Yukon) and commodity (gold) focus led by experienced management with a track record of significant gold discoveries and backed by industry leading technical and financial partners
  • Upcoming catalysts include diamond drilling results and regional exploration work from extensive exploration program



News Update

On February 10, 2022, White Gold Corp. has released assay results for the maiden diamond drilling program on its Ulli's Ridge target located approximately three kilometres southwest 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 pe tonne gold 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. This maiden diamond drilling was part of the company's fully financed 2021 exploration program backed by partners Agnico Eagle Mines Ltd. and Kinross Gold Corp. on its extensive 420,000-hectare land package in the emerging White Gold district, Yukon.

The company makes new high grade discovery intersecting 6.94 g/t gold over 19.50m and 1.36 g/t gold over 18.50m at the Ulli’s Ridge target in maiden diamond drill program.

On December 24, 2021, White Gold Corp. NI 43-101 technical report for its VG gold deposit in Yukon, Canada with an updated mineral resource for the VG deposit comprises near-surface inferred resources of 267,600 ounces of gold, representing a 16% increase in inferred resources compared with a historical 2014 resource estimate.

On December 22, 2021, White Gold Corp. announced the closing of a fully subscribed $9M non brokered private placement.

On August 19, 2021, White Gold Corp. announced the commencement of trading on the OTCQX Best Market.

On July 29, 2021, White Gold Corp. announced the closing of a $4.1M brokered private placement.


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