White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA:
29W) (the "Company") is pleased to announce participation
in the OTC Markets Metals & Mining Virtual Investor Conference
and in the Invest Yukon Investment Conference & Property Tour
of the Company’s flagship White Gold Project along with other
events in 2024. The White Gold Project is located in west-central
Yukon, Canada, and 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). The Company’s
significant gold resources and other discoveries continue to
demonstrate the expansiveness of gold mineralization on its
extensive and underexplored land package in the emerging White Gold
District, Yukon, Canada, with its exploration supported by
strategic partners including Agnico Eagle Mines Limited and Kinross
Gold Corporation.
Book a Meeting with
ManagementThe Company encourages shareholders and other
interested parties to book a virtual meeting with management and
the Investor Relations team by inquiring at ir@whitegoldcorp.ca to
learn more about the Company’s gold resources and unique district
scale exploration portfolio in a tier 1 mining jurisdiction,
upcoming 2024 exploration plans, and to ask any other questions
they may have.
2023 Exploration OverviewIn
2023, the Company successfully increased the size of its gold
resources and published an updated Mineral Resource Estimate
(“MRE”) (1) for its flagship White Gold Project significantly
updating the MRE to include 16.11 million tonnes of Indicated
Resources averaging 2.23 grams per tonne gold for 1.153 million
ounces of gold and 18.99 million tonnes of Inferred Resources
averaging 1.54 grams per tonne gold for 942,400 million ounces of
gold, representing an increase of Inferred Resources by 41%. The
updated MRE also includes a maiden resource estimate for the Ryan’s
Surprise deposit, which included 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.
The 2023 exploration program also consisted of
diamond drilling and other exploration activities including RAB
drilling, Induced Polarization – Resistivity Ground surveys,
geological mapping and prospecting, soil geochemistry surveys, and
ground magnetics and VLF-EM surveys to follow up on recent
discoveries and generate new targets for future drilling. Key
highlights of the 2023 exploration program released to date include
the following, with additional results to be released in due
course:
- Betty Ford exploration diamond
drilling intersecting 3.38 g/t Au over 53m in BETFD23D013, 5.03 g/t
Au over 25m within 2.96 g/t Au over 46.5m in BETFD23D014, and 5.04
g/t Au over 20.85m in BETFD23D015.
- The Betty Ford 2023 diamond
drilling extended the interpreted width of the high-grade gold zone
by at least 50%, increased the strike length to 175m and
encountered the first occurrences of gold in the Sulphide Domain of
the target. The target remains open in multiple directions.
- Vertigo exploration diamond
drilling was designed to test a revised structural interpretation
including identification of multiple prospective vein sets.
Drilling intersected 1.4 g/t Au over 58.4m in JPRVER23D0052
including narrower high-grade subintervals of 9.10 g/t Au over 2.85
m and 6.68 g/t Au over 4.80 m, with multiple occurrences of visible
gold within the zones. Newly collected borehole optical televiewer
data supports the structural interpretation of multiple mineralized
vein sets, with two separate orientations.
- Discovery of prospective 1 km long
gold-in-soil anomaly 9 km northwest of the Company’s VG deposit
with gold values range from < 0.5 ppb Au to a maximum of 496.7
ppb Au. The gold anomaly is associated with anomalous tellurium and
low arsenic in soils, which represents a surface geochemical
signature similar to the VG and Golden Saddle deposits. The newly
identified east-west trending soil anomaly is open along strike to
the east and west beyond the limits of current soil sampling, and
infill and extension soil sampling, GT-probe bedrock sampling, and
ground magnetics and VLF-EM geophysical surveys are recommended to
further advance this new target to drill-ready status.
The Company is currently planning its fully
funded 2024 exploration program, focusing on high priority targets
with details to be announced in the coming weeks. The Company will
also arrange a webinar to provide a more detailed overview of the
2023 exploration results and plans for 2024 at that time.
Upcoming ConferencesThe Company
plans to attend multiple conferences in 2024, in addition to the
conferences already attended, including the conference outlined
below. Information on additional conference attendance will be
provided as details are confirmed.
OTC Markets Metals & Mining Virtual
Investor ConferenceThe Company will provide a
comprehensive corporate update presentation with a live Q&A
session, and will participate in one on one meetings. Interested
parties are encouraged to register in link below.
Dates: April 30th to May 2nd, 2024Location:
Virtualhttps://www.virtualinvestorconferences.com/events/event-details/metals-mining-virtual-investor-conference-11
Invest Yukon Site Tour &
ConferenceThe Company will present and participate in the
Invest Yukon’s upcoming conference and site tour. The conference
will feature one on one meetings with management, a corporate
update presentation, and a site tour of the Company’s flagship
White Gold Project. Interested investors and attendees may reach
out to ir@whitegoldcorp.ca for registration details and to learn
more.
Dates: June 21st to 27th, 2024Location: Dawson
City & Klondike District, Yukon
Vancouver Resource Investment Conference
2024The Company is pleased to share conference interviews
and roundtable discussions from the recent VRIC 2024 conference in
January 2024.
- White Gold Corporate Presentation:
VRIC 2024: https://www.youtube.com/watch?v=ERTKU7lOw9M
- Yukon Leaders CEO Precious Metals
Roundtable: https://www.youtube.com/watch?v=gxhyHNSBqjw
- White Gold Corp. Gold Newsletter
Interview: https://www.youtube.com/watch?v=fEA_RVn0E00
Other MattersThe Company
announces that a total of 6,550,000 options to purchase common
shares of the Company have been granted to directors, officers,
employees and consultants at an exercise price of $0.34 per share,
expiring on March 11, 2029.
About White Gold Corp.The
Company owns a portfolio of 15,830 quartz claims across 25
properties covering approximately 315,000 hectares representing
over 40% of the Yukon’s emerging White Gold District. The Company’s
flagship White Gold project hosts four near-surface gold deposits
which collectively contain an estimated 1,152,900 ounces of gold in
Indicated Resources and 942,400 ounces of gold in Inferred
Resources(1). Regional exploration work has also produced several
other new discoveries and prospective targets on the Company’s
claim packages which border sizable gold discoveries including the
Coffee project owned by Newmont Corporation with Indicated
Resources of 2.14 Moz at 1.23 g/t Au, and Inferred Resources of
0.23 Moz at 1.01 g/t Au(2), and Western Copper and Gold
Corporation’s Casino project which has Measured and Indicated
Resources of 7.6 Blb Cu and 14.5 Moz Au and Inferred Resources of
3.3 Blb Cu and 6.6 Moz Au(3). For more information visit
www.whitegoldcorp.ca.
(1) See White Gold Corp. technical report titled
“2023 Technical Report for the White Gold Project, Dawson Range,
Yukon, Canada”, Effective Date April 15, 2023, Report Date May 30,
2023, NI 43-101 Compliant Technical Report prepared by Dr. Gilles
Arseneau, P.Geo., available on SEDAR+.(2) See Newmont Corporation
10-K: Annual report for the year ending December 31, 2022, in the
Measured, Indicated, and Inferred Resources section, dated February
23, 2023, available on EDGAR. Reserves and resources disclosed in
this Form 10-K have been prepared in accordance with the Regulation
S-K 1300, and do not indicate NI43-101 compliance.(3) See Western
Copper and Gold Corporation technical report titled “Casino
project, Form 43-101F1 Technical Report Feasibility Study, Yukon
Canada”, Effective Date June 13, 2022, Issue Date August 8, 2022,
NI 43-101 Compliant Technical Report prepared by Daniel Roth, PE,
P.Eng., Mike Hester, F Aus IMM, John M. Marek, P.E., Laurie M.
Tahija, MMSA-QP, Carl Schulze, P.Geo., Daniel Friedman, P.Eng.,
Scott Weston, P.Geo., available on SEDAR+.
Qualified PersonTerry Brace,
P.Geo. and Vice President of Exploration for the Company is a
“qualified person” as defined under National Instrument 43-101 –
Standards of Disclosure of Mineral Projects and has reviewed and
approved the content of this news release.
Cautionary Note Regarding Forward
Looking InformationThis news release contains
“forward-looking information” and “forward-looking statements”
(collectively, “forward-looking statements”) within the meaning of
the applicable Canadian securities legislation. All statements,
other than statements of historical fact, are forward-looking
statements and are based on expectations, estimates and projections
as at the date of this news release. Any statement that involves
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions, future events or
performance (often but not always using phrases such as “expects”,
or “does not expect”, “is expected”, “anticipates” or “does not
anticipate”, “plans”, “proposed”, “budget”, “scheduled”,
“forecasts”, “estimates”, “believes” or “intends” or variations of
such words and phrases or stating that certain actions, events or
results “may” or “could”, “would”, “might” or “will” be taken to
occur or be achieved) are not statements of historical fact and may
be forward-looking statements. In this news release,
forward-looking statements relate, among other things, the
Company’s objectives, goals and exploration activities conducted
and proposed to be conducted at the Company’s properties; future
growth potential of the Company, including whether any proposed
exploration programs at any of the Company’s properties will be
successful; exploration results; and future exploration plans and
costs and financing availability.
These forward-looking statements are based on
reasonable assumptions and estimates of management of the Company
at the time such statements were made. Actual future results may
differ materially as forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to
materially differ from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors, among other things, include:The expected
benefits to the Company relating to the exploration conducted and
proposed to be conducted at the White Gold properties; the receipt
of all applicable regulatory approvals for the Offering; failure to
identify any additional mineral resources or significant
mineralization; the preliminary nature of metallurgical test
results; uncertainties relating to the availability and costs of
financing needed in the future, including to fund any exploration
programs on the Company’s properties; business integration risks;
fluctuations in general macroeconomic conditions; fluctuations in
securities markets; fluctuations in spot and forward prices of
gold, silver, base metals or certain other commodities;
fluctuations in currency markets (such as the Canadian dollar to
United States dollar exchange rate); change in national and local
government, legislation, taxation, controls, regulations and
political or economic developments; risks and hazards associated
with the business of mineral exploration, development and mining
(including environmental hazards, industrial accidents, unusual or
unexpected formations pressures, cave-ins and flooding); inability
to obtain adequate insurance to cover risks and hazards; the
presence of laws and regulations that may impose restrictions on
mining and mineral exploration; employee relations; relationships
with and claims by local communities and indigenous populations;
availability of increasing costs associated with mining inputs and
labour; the speculative nature of mineral exploration and
development (including the risks of obtaining necessary licenses,
permits and approvals from government authorities); the
unlikelihood that properties that are explored are ultimately
developed into producing mines; geological factors; actual results
of current and future exploration; changes in project parameters as
plans continue to be evaluated; soil sampling results being
preliminary in nature and are not conclusive evidence of the
likelihood of a mineral deposit; title to properties; ongoing
uncertainties relating to the COVID-19 pandemic; and those factors
described under the heading “Risks Factors” in the Company’s annual
information form dated July 29, 2020 available on SEDAR+. Although
the forward-looking statements contained in this news release are
based upon what management of the Company believes, or believed at
the time, to be reasonable assumptions, the Company cannot assure
shareholders that actual results will be consistent with such
forward-looking statements, as there may be other factors that
cause results not to be as anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on
forward-looking statements and information. There can be no
assurance that forward-looking information, or the material factors
or assumptions used to develop such forward-looking information,
will prove to be accurate. The Company does not undertake to
release publicly any revisions for updating any voluntary
forward-looking statements, except as required by applicable
securities law.
Neither the TSXV nor its Regulation
Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this
news release.
For Further Information, Please
Contact:
Contact Information:David
D’OnofrioChief Executive OfficerWhite Gold Corp.(647) 930-1880
ir@whitegoldcorp.ca
Request Meeting:
ir@whitegoldcorp.ca
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