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Senin, 25 Agustus 2025

Getchell Gold Corp. Settles All Outstanding Debentures

͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌    ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­


Getchell Gold Corp. Announces Settlement of All Outstanding Debentures

Vancouver, BC – August 25, 2025 – Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) ("Getchell" or the "Company") is pleased to announce that the Company has extinguished all remaining debt with the final settlement of outstanding debentures ("Debentures") in the aggregate principal amount of $275,430.

As previously disclosed (see news releases dated June 25, 2025, and June 16, 2025), Debentures with an aggregate principal amount of $4,087,888, together with accrued interest of $613,794.20, were converted into a total of 23,508,412 units during June 2025. At that time, Debentures with a remaining principal amount of $275,430 remained outstanding.

The Company has now fully repaid the remaining Debentures and all accrued interest.  On August 22, 2025, the Company paid $119,691 in cash, representing $70,000 in principal and $49,691 in accrued interest. In addition, $205,430 of principal was applied to the exercise of 2,054,300 previously issued Debenture warrants, resulting in the issuance of 2,054,300 common shares of the Company at a price of $0.10 per share.

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Fig. 1: Fondaway Canyon - Senior Project Geologist Patrick McLaughlin overlooking drill rig (Source: Getchell Gold Corp. 2025)

Other Corporate

The Company further announces the resignation of Scott Frostad, VP Exploration.  Mr. Frostad was integral to the advancement of the Fondaway Canyon gold project over the 4 years of his tenure and the Company wishes him well and to thank him for his contribution.

The Company is pleased to announce the appointment of Patrick McLaughlin, B.SC., P.Geo., as Senior Project Geologist and Qualified Person.  Mr. McLaughlin brings over 20 years of mineral exploration experience across an array of domestic and international jurisdictions, with a proven track record in the technical and operational execution of exploration programs.  He possesses a deep understanding of a range of deposit and exploration models and demonstrates a high level of proficiency in project design, strategic planning, and end-to-end exploration project management. His leadership and exploration insight will ensure the efficient coordination of the Company's multidisciplinary teams and projects across all phases of operational responsibilities.

Mr. McLaughlin is a Partner in Coast Mountain Geological Ltd., one of the largest geo-service consulting firms in western Canada, with its main headquarters in Vancouver, BC.  He graduated with a Bachelor of Science degree (Honours) from the University of Manitoba in 2005 and is a Member of the Association of Professional Engineers and Geoscientists of British Columbia and Ontario.

"Mr. McLaughlin is a highly experienced project manager and well versed in the geological setting and gold mineralization system at Fondaway Canyon.  With solid groundwork previously established and a defined exploration plan, I anticipate a seamless transition for the 2025 drill program." states Mike Sieb, President, Getchell Gold Corp.

About Getchell Gold Corp.

The Company is a Nevada focused gold exploration company trading on the CSE: GTCH, OTCQB: GGLDF, and FWB: GGA1.   Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a large mineral resource estimate and a recently published robust Preliminary Economic Assessment.

For further information please visit the Company's website at www.getchellgold.com or contact the Company at info@getchellgold.com.

Karen Mate, Corporate Communications
(416) 230-6454
kmate@capitalmarketsadvisory.ca

Office: 1-647-249-4798
Toll Free: 1-877-684-0460
info@getchellgold.com

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.  

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the outstanding Debentures, and future exploration endeavors and success. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur.  Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of Getchell have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information.  The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

Kamis, 21 Agustus 2025

White Gold Corp. Announces 44% Increase in Indicated Resources to 1,732,300 oz Gold and 13.4% Increase in Inferred Resources to 1,265,900 oz Gold at its Flagship White Gold Project, Yukon, Canada

White Gold Corp. Announces 44% Increase in Indicated Resources to 1,732,300 oz Gold and 13.4% Increase in Inferred Resources to 1,265,900 oz Gold at its Flagship White Gold Project, Yukon, Canada

TORONTO, August 21, 2025 – White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce an updated Mineral Resource Estimate (“MRE”) for its flagship White Gold project located approximately 95 km south of Dawson City in west-central Yukon, Canada. The updated mineral resource was initiated following recent new modelling for the Golden Saddle and Arc deposits, including optimization and reinterpretation of the gold bearing zones (Figure 2 & 3). The primary result of these efforts was greater continuity of the zones than previously captured in the model. The updated MRE shows a significant increase in total gold ounces, including a 44% increase (529,300 ounces) in indicated resources for a new total of 1,732,300 ounces of gold and a 13.4% increase (149,300 oz) in inferred resources for a new total of 1,265,900 ounces of gold(1). The gold resources at the White Gold Project are near surface, almost entirely captured within open pits, and remain open for expansion in multiple directions with additional exploration opportunities to increase total resources via targets within close proximity (Figure 4). The ongoing 2025 exploration program (Figure 5 & 6) has been designed to deliver further increases to the size of the resource and to advance technical understanding in support of a Preliminary Economic Assessment (“PEA”). These results form part of the Company’s work program supported by strategic partners including Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM).


The updated Mineral Resource Estimate continues to demonstrate the size, quality, and growth potential of the Company’s flagship project. The new modelling of the Golden Saddle and Arc deposits showcase improved geological continuity, stronger grade distribution, and optimized pit designs that collectively enhance overall project economic potential. This significant advancement further positions the project as a leading gold resource in both size and grade in a top-ranked global mining jurisdiction, with substantial opportunity for additional growth. 

“The remodelling of the Golden Saddle and Arc deposits has more effectively and efficiently captured mineralization across the geological domains, resulting in a very meaningful addition to the resource,” said Dylan Langille, Vice President of Exploration for White Gold Corp. “Building on this success, our 2025 exploration program is designed to drive further significant growth through drilling under-explored parallel mineralized zones as well as cost-effective sampling of unsampled hanging wall and footwall zones in historic drill core. This season’s work is aimed at demonstrating substantial value that remains untested within the existing deposits of the White Gold portfolio which we believe has the potential to grow significantly with addition drilling.”



“Today’s announcement of the significant increase in gold resources at our flagship White Gold Project is another major milestone for the company,” stated David D’Onofrio, Chief Executive Officer for White Gold Corp. “The updated resource also further highlights the strong growth potential of our near surface deposits which remain open in multiple directions with numerous prospective targets in close proximity that also warrant drill testing based on their exploration results to date. With 1.7 million ounces indicated plus 1.3 million ounces inferred now defined, and significant growth potential, we have successfully further established the White Gold project as leading large scale high grade open pittable gold deposit in a tier-one jurisdiction in Canada. We look forward to further increasing the scale of the project as we advance it to a PEA to demonstrate its economic potential, while also working to unlock additional value across our extensive land package in the prolific and under explored white gold district.”

Highlights:


Updated Whited Gold Project MRE includes four gold deposits – Golden Saddle, Arc, Ryan’s Surprise and VG located within close proximity and includes:

  • Updated MRE follows recent remodelling at the Golden Saddle and Arc deposits, which involved a reinterpretation of the zones allowing for greater continuity of mineralization to be identified (Figure 2 & 3).
  • 1,732,300 ounces of gold in Indicated Resources within 35.2 million tonnes grading 1.53 g/t Au, representing 57.8% of total resources.
  • 1,265,900 ounces of gold in Inferred Resources within 32.2 million tonnes grading 1.22 g/t Au, representing 42.2% of total resources.
  • Golden Saddle Main Zone hosts a consistent high-grade core containing 1,100,000 oz Indicated (12.3 Mt @ 2.84 g/t Au) and 93,000 oz Inferred (1.4 Mt @ 2.03 g/t Au) at a 1.0 g/t cut-off. At a 3.0 g/t cut-off, this core contains 695,000 oz Indicated (4.4 Mt @ 4.88 g/t Au) and 35,000 oz Inferred (269 kt @ 4.07 g/t Au), underscoring the robust grade profile of the deposit.
  • Indicated and Inferred Resources have increased by 44% and 13.43% respectively, compared to the previous 2024 MRE(1).
  • 99% of the resources are near surface and contained within open pit mine designs.
  • Mineralization at the Golden Saddle, Arc, Ryan’s Surprise and VG deposits remain open along strike and down dip to further expand the deposits, in addition to multiple underexplored targets in close proximity.
  • A technical report to support the MRE for the White Gold project, prepared in accordance with NI 43-101, will be filed on SEDAR+ (https://www.sedarplus.ca/) and the Company’s website (https://www.whitegoldcorp.ca/) within 45 days of the issuance of this news release.
  • Exploration results from the ongoing activity to be released in due course.

Mineral Resource Estimate Details


Table 1. White Gold Project, Yukon Territory, Mineral Resource Statement, ACS August 19, 2025

  1. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.
  2. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or otherrelevant issues.
  3. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not beconverted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an IndicatedMineral Resource with continued exploration.
  4. The Mineral Resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards onMineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by theCIM Council.
  5. Open pittable resources are constrained by GEOVIA Whittle optimized pit shells using a 0.3 g/t Au cut-of grade and are considered to havereasonable prospects for eventual economic extraction, assuming a gold price of US$2,250 per ounce, a C$:US$ exchange rate of 0.70, an open pitmining cost of CDN$3.25 per tonne, a processing and G&A cost of CDN$27.50 per tonne milled, and gold recoveries of 92% for Golden Saddle, andVG, along with 85% for Arc and Ryan’s Surprise. Underground resources assume a mining cost of CDN$120/tonne.
  6. The following bulk density values for mineralized material were used: Golden Saddle (2.62 – 2.65 t/m3), Arc (2.55 t/m3), Ryan’s Surprise (2.63 t/m3)and VG (2.65 t/m3).
  7. High-grade gold assay values have been capped as follows: Golden Saddle and Arc (8 – 18 g/t Au), Ryan’s Surprise (9 g/t Au) and VG (3 – 10 g/tAu).
  8. The Statement of Estimates of Mineral Resources has been compiled by Mr. Gilles Arseneau, Ph.D., P.Geo, of ARSENEAU Consulting Services(“ACS”). Mr. Arseneau has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to theactivity that he has undertaken to qualify as a Qualified Person as defined in the CIM Standards of Disclosure.
  9. All numbers are rounded. Overall numbers may not be exact due to rounding

The current MRE for the White Gold project was carried out by Arseneau Consulting Services (“ACS”) of Vancouver,B.C. and is reported in accordance with the guidelines of the Canadian Securities Administrators NationalInstrument 43-101 (“NI 43-101”) and has been estimated in conformity with generally accepted Canadian Instituteof Mining, Metallurgy and Petroleum (“CIM”) “Estimation and Mineral Resource and Mineral Reserve BestPractices” guidelines. Mineral resources are not mineral reserves and do not have demonstrated economic viability.


The MRE presents updated estimates for the Golden Saddle, Arc, Ryan’s Surprise and VG deposits.


The basis for the updated MRE at the Golden Saddle and Arc deposits was a re-interpretation which allowedwireframes to enclose mineralized zones with composited assays greater than 0.20 grams per tonne gold. Historicalmodeling encompassed gold intersections with assays greater than 0.4 g/t gold. The wireframes are therefore gradeshells guided by the geology. Wireframes were constructed by White Gold using Leapfrog Geo. All wireframes wereverified, validated and accepted by the QP.


The updated MRE was prepared using a block model approach using ordinary kriging interpolation for the GoldenSaddle, Arc and VG deposits and inverse distance squared (“ID2”) interpolation for the Ryan’s Surprise deposit.Block model sizes varied between deposits as follows: Golden Saddle and Arc (10 m); Ryan’s Surprise (5 – 10 m);and VG (10 – 20 m). GEMS 6.8.4 software was used for generating gold mineralization solids, a topography surface,and resource estimation. Statistical analysis and resource validations were performed using non-commercialsoftware and with Sage2001. Near surface resources were constrained using GEOVIA Whittle pit optimizationsoftware. Pit slopes in rock were assumed at 50° and the MRE assumes a long-term gold price of US$2,250 perounce. Gold recoveries used were 92% for the Golden Saddle and VG deposits, and 85% for the Arc and Ryan’sSurprise deposits. Gold recoveries are based on metallurgical test work results for the Golden Saddle and Arc deposits and are assumed for the Ryan’s Surprise and VG deposits based on their close similarities to the Arc andGolden Saddle deposits, respectively.A technical report to support the MRE for the White Gold project, prepared in accordance with NI 43-101, will befiled on SEDAR+ (https://www.sedarplus.ca/) and the Company’s website (https://www.whitegoldcorp.ca/) within45 days of the issuance of this news release.

2025 Exploration Programs and Growth Potential

Further significant expansion potential has been identified and is being advanced through the Company’s 2025Exploration Program (see Company press release dated August 6, 2025). This program is specifically designed tobuild on the positive momentum of the updated resource estimate by targeting areas of untested or underexploredmineralization and advancing technical studies in support of a future PEA.


Golden Saddle

2025 diamond drilling at Golden Saddle will target a high-grade footwall breccia zone first intersected in historicdrilling. While previous drilling confirmed the presence of this mineralization, it has not been systematicallyexplored. Planned drilling will also test the hanging wall, where historic drill holes encountered mineralization thatremains largely unsampled, offering a cost-effective opportunity to add near-surface ounces.


Arc

At Arc, drilling will focus on testing the down-dip extension of mineralized zones with the dual purpose of expandingthe current resource and providing fresh material for metallurgical test work programs. This work will help refinerecovery assumptions and contribute to the economic studies required for a PEA.


Relogging & Resampling Program

In parallel, a systematic relogging and resampling program is underway on historical drill core. This initiative istargeting previously unsampled quartz-carbonate vein–bearing intervals in both the footwall and hanging wall hostrocks adjacent to known mineralized domains. These efforts are expected to cost-effectively capture additionalmineralization that was not included in prior models, further strengthening the resource base.


Resources & Opportunities in the White Gold District


West-central Yukon is host to several highly prospective mineral districts, including the White Gold, Dawson Range,Klondike, and Sixtymile districts. The Klondike was the epicenter of the historic Klondike Gold Rush in 1896, withover 20 million ounces of placer gold production having occurred in the region since that time.


The Company’s property portfolio, which covers large portions of the White Gold District, was assembled byrenowned prospector Shawn Ryan, and represents the largest contiguous claim package in the region.


Two significant advanced-stage projects border the Company’s claims to the south:

  • The Coffee Project, owned by Newmont Corporation (TSX: NGT, NYSE: NEM), hosts Measured and IndicatedResources of 50.2 Mt grading 1.28 g/t Au for 2.17 million ounces of gold, and Inferred Resources of 6.7 Mtgrading 1.14 g/t Au for 0.23 million ounces gold(2) (3).
  • The Casino Project, owned by Western Copper and Gold Corporation (TSX: WRN, NYSE: WRN), containsMeasured and Indicated Resources of 2,490.7 Mt grading 0.18 g/t Au, 0.14% Cu for 14.8 million ounces of gold and 7.6 billion pounds of copper, and Inferred Resources of 1.4 Mt grading 0.14 g/t Au, 0.14% Cu for6.3 million ounces of gold and 3.1 billion pounds of copper(4)(3).


The region has seen significant investment by major mining companies in recent years, and the Yukon is consistentlyranked among the top 10 global mining jurisdictions on the Fraser Institute’s Investment Attractiveness Index.


All four of White Gold’s near-surface deposits, which form the White Gold Project, are interpreted to representstructurally controlled orogenic gold systems. These deposits collectively form the Company’s gold resource basein the heart of its extensive land package and remain open for expansion. Additional information on each of thesedeposits can be found below.


Golden Saddle Deposit

The Golden Saddle deposit is located 95 km south of Dawson City on the Company’s White Gold property, which issupported by the fully operational Thistle exploration camp with airstrip and barge access, and up to 100-personcapacity. The deposit consists of the GS Main, GS Footwall and GS West zones and together the zones definemineralization over a 1,500 m strike length and up to 725 m down dip. Currently, the GS Main is the most significantzone in terms of estimated ounces and overall grade; containing approximately 95% of the Indicated ounces withinthe overall Golden Saddle deposit. GS Main Zone which contains a consistent high-grade core of 12.3 million tonnesgrading 2.84 g/t representing 1,100,000 ounces in the Indicated category and 1.4 million tonnes grading 2.03 g/tfor 93,000 ounces in the inferred category at a 1.0 g/t cut-off. At a 3.0 g/t cut-off, the high-grade core contains 4.4million tonnes grading 4.88 g/t for 695,000 ounces in the indicated category and 269,000 tonnes grading 4.07 g/tfor 35,000 ounces in the inferred category. Gold mineralization at the Golden Saddle deposit is hosted in a meta-volcanic and meta-intrusive assemblage broadly consisting of felsic orthogneiss, amphibolite, and ultramafic units.Gold generally occurs as micron-scale blebs along fractures or encapsulated by pyrite, and as visible gold (less than5 mm in size) located as free grains in quartz. Mineralization is present in quartz veins and stockwork or brecciawith disseminated pyrite. Drill hole intersected gold mineralization is spatially co-incident with structures, andstructures or faults which are interpreted to be the primary conduits for hydrothermal fluids responsible for golddeposition. The thicknesses of the mineralization and breccia zones are variable from 5 m to over 50 m, and theypinch and swell along strike. A consistent higher-grade core (> 3 g/t Au) occurs within the main zone at GoldenSaddle. Gold mineralization at the Golden Saddle deposit remains open in all directions and is known to extendbeyond the limits of the current resource estimate, however, the mineralization in these areas does not currentlymeet the criteria to be classified as Mineral Resources.

Arc Deposit

The Arc deposit is located approximately 400 m south of the Golden Saddle and consists of two zones, the Arc Mainand Arc Footwall zones, both trending E-NE and dipping to the north at approximately 50 degrees. Mineralizationat the Arc has been defined over 1,200 m in strike length and up to 450 m down dip with mineralization open alongstrike and down dip. Gold mineralization at the Arc deposit is less well understood than the Golden Saddle, whichis partially a function of drilling at the Arc deposit being more widely spaced. Gold mineralization is hosted withina meta-sedimentary sequence dominated by banded (graphitic) quartzite and interbedded pelitic biotite schist thatis cross-cut by numerous felsic to intermediate dikes and sills.


Gold mineralization appears to be focused within breccia and shear zones that have been affected by hydrothermalalteration and sulphide mineralization. Drilling has defined an upper main zone as well as a lower footwall zone ofanomalous gold but of lesser tenure than the main upper zone. Mineralization remains open to the east, west andat depth. The occurrence of gold at Arc is not well understood but appears to be associated with disseminated andveined pyrite, arsenopyrite and graphite.


Ryan’s Surprise Deposit

Ryan’s Surprise is located 1.5 km west of the Golden Saddle deposit, along a 6.5 km long x 1 km wide north-northwest trend of anomalous gold and arsenic in soils (“Ryan’s Trend”), which also hosts several other prospectiveearly-stage targets in close proximity with significant surface gold mineralization and represent further potentialfor expansion of this project. Gold mineralization at the Ryan’s Surprise deposit is primarily hosted within a meta-sedimentary sequence dominated by banded (graphitic) quartzite and interbedded pelitic biotite schist cross-cutby numerous felsic – intermediate dikes and sills.


Gold mineralization appears to be focused within breccia and shear zones that have been affected by hydrothermalalteration and sulphide mineralization. Recent drilling has defined multiple subparallel zones that are host to gold-bearing sulphide mineralization including arsenopyrite and pyrite, and range in true width from < 1 m to in someinstances, > 10 m. The mineralization footprint at the Ryan’s Surprise deposit measures approximately 550 m north-south by 500 m east-west to a vertical depth of 650 m remains open along strike and at depth. Metallurgical work,gold characterization and deportment studies are required to further determine accurate gold recoveries. However,host rocks, alteration and sulphide mineralization at Ryan’s Surprise display many similarities to the Arc Deposit.


VG Deposit

The VG deposit is located approximately 85km south of Dawson City and 11km north of the Golden Saddle deposit.Gold mineralization at the VG deposit is hosted in quartz ± carbonate veins, stockwork and breccia zones, and pyriteveinlets, including cubic pyrite and visible gold, associated with intense-quartz-carbonate-sericite alteration,pervasive K-spar and hematite emplaced along en-echelon faults or shear zones. Visually, the style of goldmineralization and alteration appears identical to the Golden Saddle deposit, along with similar dominant hostrocks of biotite-feldspar (± augen)-quartz gneisses. To date, no metallurgical testwork has been performed on theVG mineralization, however given its close similarities to Golden Saddle, gold recoveries are assumed to besimilar. Opportunities exist at the VG deposit to quickly upgrade a significant portion of Inferred Resources toIndicated, as well as for expansion of gold mineralization at depth and along strike. There are also several otherprospective targets on the property which have received limited exploration work and offer potential for additionaldiscoveries.


Qualified Persons, Technical Information and Quality Control


The MRE for the White Gold Project was prepared by Dr. Gilles Arseneau of Arseneau Consulting Services (ACS), anIndependent Qualified Person (“QP”) as defined under NI 43-101, who has reviewed and approved the contents ofthis news release. The technical content of this news release has also been reviewed and approved by Steven Walsh,P.Geo. and Senior Exploration Geologist for the Company who is also a QP as defined under NI 43-101 – Standardsof Disclosure of Mineral Projects.


QA/QC


White Gold’s drill core sampling consisted of collecting samples over 0.50 m to 2.50 m intervals (depending onlithology and style of mineralization) over the entire hole length. RC samples were collected at continuous 1.5 mintervals. All drill core was cut in half using a diamond saw, with half of the core placed in sample bags and theother half returned to the core box. Standard, blank, and duplicate samples were inserted into both the drill coreand RC sample streams at regular intervals to meet a designated QA/QC sample insertion rate. All samples wereorganized into batches, flown via fixed-wing aircraft from camp, and transported via courier to an ISO-certifiedlaboratory for analysis


About White Gold Corp.

 

The Company owns a portfolio of 15,364 quartz claims across 21 properties covering 305,102 hectares (3,051 km2)representing approximately 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Goldproject hosts four near-surface gold deposits which collectively contain an estimated 1,732,300 ounces of gold inIndicated Resources and 1,265,900 ounces of gold in Inferred Resources (this news release). Regional explorationwork has also produced several other new discoveries and prospective targets on the Company’s claim packageswhich border sizable gold discoveries including the Coffee project owned by Newmont Corporation with Measuredand Indicated Resources of 50.2 Mt grading 1.28 g/t Au for 2.17 million ounces of gold, and Inferred Resources of6.7 Mt grading 1.14 g/t Au for 0.23 million ounces gold(2)(3), and Western Copper and Gold Corporation’s Casinoproject which has Measured and Indicated Resources of 2,490.7 Mt grading 0.18 g/t Au, 0.14% Cu for 14.8 millionounces of gold and 7.6 billion pounds of copper, and Inferred Resources of 1.4 Mt grading 0.14 g/t Au, 0.14% Cu for6.3 million ounces of gold and 3.1 billion pounds of copper(4)(3). For more information visit www.whitegoldcorp.ca

 

(1) A technical report to support the MRE for the White Gold project, prepared in accordance with NI 43-101, will be filed on SEDAR+(https://www.sedarplus.ca/) and the Company’s website (https://www.whitegoldcorp.ca/) within 45 days of the issuance of this newsrelease.

(2) See Newmont Corporation Form 10-K: Annual report for the year ending December 31, 2023, in the Measured, Indicated, and InferredResources section, dated February 29, 2024, available on EDGAR. Reserves and resources disclosed in this Form 10-K have been prepared inaccordance with the Regulation S-K 1300, and do not indicate NI43-101 compliance.

(3) The QP has been unable to verify the information. The information is not necessarily indicative to the mineralization on the propertiesthat are subject of the disclosure

(4) 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+.

(5) All numbers are rounded. Overall numbers may not be exact due to rounding

 

 

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, otherthan statements of historical fact, are forward-looking statements and are based on expectations, estimates andprojections 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 notalways 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 suchwords and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” betaken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In thisnews release, forward-looking statements relate, among other things, the Company’s objectives, goals andexploration activities conducted and proposed to be conducted at the Company’s properties; future growth potentialof the Company, including whether any proposed exploration programs at any of the Company’s properties will besuccessful; 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 theCompany at the time such statements were made. Actual future results may differ materially as forward-lookingstatements 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 orachievements 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 theWhite Gold properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify anyadditional 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 explorationprograms on the Company’s properties; business integration risks; fluctuations in general macroeconomicconditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals orcertain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollarexchange rate); change in national and local government, legislation, taxation, controls, regulations and political oreconomic developments; risks and hazards associated with the business of mineral exploration, development andmining (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 andregulations that may impose restrictions on mining and mineral exploration; employee relations; relationships withand claims by local communities and indigenous populations; availability of increasing costs associated with mininginputs and labour; the speculative nature of mineral exploration and development (including the risks of obtainingnecessary licenses, permits and approvals from government authorities); the unlikelihood that properties that areexplored are ultimately developed into producing mines; geological factors; actual results of current and futureexploration; changes in project parameters as plans continue to be evaluated; soil sampling results beingpreliminary 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 “RisksFactors” 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, orbelieved at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual resultswill be consistent with such forward-looking statements, as there may be other factors that cause results not to beas anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-lookingstatements and information. There can be no assurance that forward-looking information, or the material factorsor assumptions used to develop such forward-looking information, will prove to be accurate. The Company does notundertake to release publicly any revisions for updating any voluntary forward-looking statements, except asrequired 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

ir@whitegoldcorp.ca

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