2021 was a very successful year for White Gold. Compiled below is a summary of highlights, significant corporate news and notable media appearances throughout 2021. Learn more about our recent high-grade gold discoveries, significant gold deposits and blue-sky discovery potential on our district-scale land package in the prolific White Gold District of Yukon, Canada. And stay tuned as we continue to release results from other regional components of our exploration program and announce details of our fully financed 2022 exploration season which we anticipate to be exciting and impactful. | | - Discovery Hole 3 ranks amongst the best holes drilled in the district, including at our flagship Golden Saddle deposit.
- Located proximal to Newmont Corporation’s (NYSE: NEM, TSX: NGT) Coffee Gold deposit and 15 km northeast of Western Copper and Gold Corporation’s (TSX: WRN, NYSE: WRN) Casino porphyry deposit.
- Hole D003 intersected 50.0m of 3.46 g/t Au from 33.0m including a higher-grade core of 5.25 g/t Au over 19.0m downhole and an upper zone of 1.14 g/t Au over 6.1m from 15.9m.
- Hole D001 intersected 48.0m of 1.17 g/t Au from 19.0m including a higher-grade core of 2.38 g/t Au over 10.0m and an upper zone of 9.03 g/t Au over 1.0m from 6.0m.
| | - Ryan’s Surprise and the northernmost part of the Ulli’s Ridge target is located approximately 2 km west of its flagship Golden Saddle and Arc deposits and 11 km south of the Company’s VG deposit.
- All holes intersected gold mineralization with significant mineralization including:
- WHTRS21D026: 10.36 g/t over 3.25m, 2.07 g/t Au over 3.40m and 2.09 g/t Au over 5.05m
- WHTRS21D020: 3.66 g/t Au over 6.00m and 1.66 g/t Au over 25.50m
- WHTRS21D019: 1.88 g/t Au over 15.00m and 1.57 g/t Au over 4.90m
- WHTRS21D021: 1.84 g/t Au over 6.50m, 3.35 g/t Au over 6.05m, 1.38 g/t Au over 7.78m and 2.14 g/t Au over 5.85m
- WHTRS21D024: 0.48 g/t Au over 43.75m
- WHTRS21D023: 2.58 g/t Au over 6.65m
- 2021 drilling tested mineralized zones an additional 150m along strike to the west and 100m downdip.
- Drilling at Ryan’s Surprise has now encountered gold mineralization over an area measuring approximately 400m E-W by 400m N-S, and to a vertical depth of 450m and remains open along strike to the west and downdip.
| | - The program comprised 7 holes totalling 1,408m, which tested an approximately 550m strike length.
- All holes intersected gold mineralization, with significant results including:
- 6.94 g/t Au over 19.50m in hole WHTULR21D004
- 1.36 g/t Au over 18.50m in hole WHTULR21D005
- 2.04 g/t Au over 5.13m in hole WHTULR21D001
- 2.44 g/t Au over 4.10m in hole WHTULR21D002
- 1.91 g/t Au over 4.49m in hole WHTULR21D003
- 4.26 g/t Au over 1.70m in hole WHTULR21D006
- 2.50 g/t Au over 4.65m in hole WHTULR21D007
- Drilling at Ulli's Ridge has now identified gold mineralization along an approximately 650m strike length with mineralization remaining open and along strike.
- All intercepts are at relatively shallow depths and when compared to Ryan's Surprise target which continues to intersect high-grade mineralization at greater depths, the Ulli's Ridge target has significant expansion potential.
| | - These targets are located 3 km southwest and 4 km west-northwest respectively of the Company’s flagship Golden Saddle & Arc deposits.
- The program comprised 11 holes totalling 937m, with 8 holes drilled at the Ulli’s Ridge target and 3 holes at the Minneapolis Creek target.
- 3 RAB holes drilled at the Ulli’s Ridge target intersected significant gold mineralization including:
- 4.67 g/t Au over 6.10m in hole WHTULR21RAB006
- 1.35 g/t Au over 21.33m in hole WHTULR21RAB005, and
- 4.43 g/t Au over 1.52m, 1.53 g/t Au over 4.57m & 2.26 g/t Au over 9.14m in hole WHTULR21RAB009
- Gold mineralization encountered extends over a 500m strike length which remains open along strike to the southeast and northwest and makes up part of a 6.5km long x 1km wide gold in soils trend.
- Encouraging results were followed up with diamond drilling at the Ulli’s Ridge.
| | December 24, 2021 WHITE GOLD CORP. FILES TECHNICAL REPORT FOR THE VG DEPOSIT INCLUDING 16% INCREASE TO INFERRED RESOURCES, LOCATED 11 KM NORTH OF ITS FLAGSHIP GOLDEN SADDLE & ARC DEPOSITS, YUKON, CANADA | | December 22, 2021 WHITE GOLD CORP. ANNOUNCES CLOSING OF FULLY SUBSCRIBED $9 MILLION PRIVATE PLACEMENT; AGNICO EAGLE MINES INCREASES INTEREST TO 19.9% | | August 19, 2021 WHITE GOLD CORP. ANNOUNCES COMMENCEMENT OF TRADING ON THE OTCQX BEST MARKET | | July 29, 2021 WHITE GOLD CORP. CLOSES C$4.1 MILLION PRIVATE PLACEMENT | | White Gold Corp. | December 13, 2021 WHITE GOLD CORP PROPERTY TOUR WITH SHAWN RYAN - 2021 | | Streetwise Live! | December 6, 2021 STREETWISE LIVE! PRESENTS WHITE GOLD CORP | | StockPulse | April 27, 2021 HUNTING HIDDEN TREASURES | REDISCOVERING THE YUKON DAWSON CITY GOLD RUSH 2.0 | | White Gold Corp. | February 10, 2022 DIAMOND DRILLING RESULTS: ULLI'S RIDGE TARGET | | White Gold Corp. | November 17, 2021 DIAMOND DRILLING RESULTS: BETTY FORD TARGET | | White Gold Corp. | November 8, 2021 DIAMOND DRILLING RESULTS: RYAN’S SURPRISE AND ULLI’S RIDGE TARGETS | | About White Gold Corp.
The Company owns a portfolio of 21,111 quartz claims across 31 properties covering over 420,000 hectares representing over 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Gold property hosts the Company’s Golden Saddle and Arc deposits which have a mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au(1). Mineralization at the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. The Company’s VG Deposit acquired in March 2019 hosts an Inferred gold resource of 267,000 ounces at 1.62 g/t Au(2). 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 Measured and Indicated Resources of 2.14 Moz at 1.20 g/t Au, and Inferred Resources of 0.23 Moz at 1.07 g/t Au(3) and Western Copper and Gold Corporation’s Casino project which has Measured and Indicated Resources of 14.5 Moz Au and 7.6 Blb Cu and Inferred Resources of 6.6 Moz Au and 3.3 Blb Cu(4). For more information visit www.whitegoldcorp.ca.
(1) See White Gold Corp. technical report titled “Technical Report for the White Gold Project, Dawson Range, Yukon Canada”, dated July 10, 2020, prepared by Dr. Gilles Arseneau, P.Geo., and Andrew Hamilton, P.Geo., available on SEDAR. (2) See White Gold Corp. technical report titled “Technical Report for the QV Project, Yukon Canada”, dated November 15, 2021, prepared by Dr. Gilles Arseneau, P.Geo., available on SEDAR. (4) See Western Copper and Gold Corporation technical report titled “Preliminary Economic Assessment, Yukon Cnada”, dated August 2, 2020, prepared by M3 Engineering & Technology Corp., available on SEDAR.
Qualified Person
Terry 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 Information
This 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; 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’Onofrio Chief Executive Officer White Gold Corp. (647) 930-1880
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