White Gold

Developing an Extensive Discovery Portfolio in the Yukon

This profile is part of a paid investor education campaign.*

Overview

White Gold Corp. (TSXV:WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) is a gold exploration company with a property portfolio that is comprised of 21,218 claims across 423,000 hectares in the Yukon’s prolific White Gold District. With their expansive land package, which includes a total of 34 properties, White Gold owns over 40% of the White Gold District, the site of the historic Yukon Gold Rush. The company was formed in 2016 through the partnership of Shawn Ryan, the legendary prospector whose properties have led to the discovery of 7m oz of gold to date and the PowerOne Group, a highly successful Merchant Bank based in Toronto. The company has also added the expertise of the other geological experts that were directly responsible for all major discoveries in the White Gold District, and attracted Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC) as shareholder who each now own 19.9% of White Gold respectively.

White Gold’s flagship project is the White Gold property, which is home to the Golden Saddle and Arc deposits. The property hosts an indicated resource of 961,000 ounces grading 2.43 g/t gold and an inferred resource of 282,500 ounces grading at 1.70 g/t gold. The company is continuing to explore the property to further expand the deposit and identify new deposits along trend. Already this season White Gold has made a new discovery at the Ryan’s Showing on the White Gold Property with drill results including 20.64g/t gold over a 6.1m intercept and 5.02g/t gold over 13.2m located 2km west along trend from the Golden Saddle deposit. Drilling continues to fully explore this addition to the White Gold discovery portfolio.  

The company has also just recently announce its Vertigo discovery on the road accessible JP Ross property, which encountered drill results of up to 23.4g/t gold and 145g/t silver over a 24.3m intercept from surface, ending in mineralization, including 59.3g/t gold and 388 g/t silver over 3.05m. This was in additional to other high grade results that were amongst the highest ever in the White Gold District. High grade grab samples in the area also included 257g/t gold and 293g/t silver over a 1.1km strike length. With drilling continuing on other nearby targets, including the Suspicion target, there are indications of a 12km contiguous mineralization structure. In September 2018, White Gold also staked an additional 717 claims adjacent to the west and south of the JP Ross property, securing the land position surrounding the Vertigo discovery.

The remaining properties are in various stages of development and are split into eight areas: White Gold, Sixty Mile, Klondike, Money, White-Stewart, Coffee Trend East, Coffee Trend West and Beaver Creek.

Company Highlights

  • Largest landholder in the Yukon’s White Gold District, owning over 40% of all claims.
  • Strong pipeline of exploration discoveries, including Vertigo, Suspicion and Ryan’s Showing targets, among multiple others.
  • Flagship Golden Saddle resource has an indicated resource of over 961,000 ounces grading 2.43 g/t gold and an inferred resource of over 282,500 ounces grading 1.70 g/t gold.
  • Proprietary high tech and efficient exploration methodology
  • Operates in the mining-friendly jurisdiction of the Yukon, Canada.
  • Strategic partners Agnico Eagle and Kinross, each owning 19.9 percent of the company.
  • Experienced management team has been involved with every major gold discovery in the White Gold district.

Ownership Structure

White Gold has two strategic shareholders in the company: Agnico Eagle Mines Ltd. (TSX:AEM) and Kinross Gold Corporation (TSX:K), the latter of which sold its Yukon portfolio to White Gold in exchange for partial ownership. Both companies each hold 19.9 percent of the shares in White Gold and help direct and guide the company. Agnico Eagle also shares its assets and technical team to supplement White Gold’s management team. PowerOne Capital also has a stake in the company and provides the company with capital, capital market strategy and access to their partnerships.

Along with their major shareholders, White Gold’s management team offers the company a wealth of mining experience, particularly in the Yukon’s White Gold District. White Gold’s Chief Technical Officer Shawn Ryan, VP of Exploration Jodie Gibson and Director Robert Carpenter all have been directly involved in developing every one of the District’s major gold discoveries, including Goldcorp’s (TSE:G) Coffee project and Comstock Metals Ltd.’s (TSXV:CSL) QV project.

The White Gold District

The Yukon’s White Gold district lies in the Tintina gold belt, a 200-kilometer-wide, 1,200-kilometer-long arc the extends from northern BC into southwestern Alaska. The district was made famous in the 1896 Klondike gold rush and has historically produced 20 million ounces of placer gold. The district was rediscovered in 2007 and seven million ounces of gold have been discovered since then.

Due to the prolific nature of the area, the Yukon government launched the Yukon Resource Gateway Project in September 2017. The Yukon and federal governments dedicated approximately $360 million to improve road access into two mineral-rich areas in the Yukon. The project will help upgrade approximately 650 kilometers of road and help build or replace numerous bridges, culverts and stream crossings. One of the areas to receive benefits from the project are the nearby Goldcorp’s Coffee project and Western Copper’s Casino project and several of White Gold’s properties will be accessible by the road system being built and upgraded.

Drones to Drills™ Technology

White Gold’s Shawn Ryan has developed a proprietary exploration technology with GroundTruth Exploration Inc. The technology allows for year-round exploration and has a smaller environmental footprint than traditional exploration methods. The technology uses aerial drone surveys to capture images of the area which are then combined with current project scale imagery at an ultra-high resolution. The gives a mining company previously unobtainable results and allows for effective and efficient exploration programs.

Afterward attaining the results from the aerial drone survey, a remotely controlled, pneumatically and hydraulically operated tracked platform, or GT RAB drill, is deployed. The drill offers a cost-effective alternative to diamond drills, which cost approximately $450 per meter, as the drill only costs approximately $135 per meter to operate and allows more exploration to be completed with the same budget. To date, 500,000 soil samples have been collected in the Yukon making the Drones to Drills™ technology a strategic investment for companies wanting to optimize their exploration spending.

Flagship Property: White Gold

In May 2017, White Gold acquired a 100 percent interest in the properties held by Kinross in the White Gold District in the Yukon. The acquisition consisted of the White Gold property, among others. Under the terms of the agreement Kinross attained a 19.9 percent interest in White Gold.

The 34,951-hectare property is comprised of 1,792 claims approximately 95 kilometers south of Dawson City, Yukon. The property is accessible by helicopter, airstrip and barge and a 100-person mine camps is located nearby at the Thistle Creek camp. White Gold is aggressively developing two key target areas on the property: Golden Saddle and Arc.

Golden Saddle

The Golden Saddle deposits trends northeast and is comprised of zones of structurally-controlled gold mineralization that is commonly associated with fracture-controlled pyrite, quartz flooded breccias and stockwork quartz veins. The mineralized zones have been traced for approximately 500 kilometers along strike, 400 meters in depth and remain open in multiple directions. Results from the Golden Saddle include intercepts of 18.4 meters grading 11.08 g/t gold and 17 meters grading 8.57 g/t gold.

Arc

The Arc Zone is south of and adjacent to the Golden Saddle deposit. located to the south and adjacent to the Golden Saddle deposit. In 2017, White Gold was able to extend the strike length by 250 meters and intercepts of 12.19 meters grading at 1.52 g/t gold were recovered from the property.

Ryan’s Showing

The Ryan’s Showing is located 2km west along trend of the Golden Saddle deposit. Ryan’s Showing is another significant discovery and has drill results including 20.64g/t gold over a 6.1m intercept and 5.02g/t gold over 13.2m. The discovery of the deposit was due to an 800-meter by 115-meter soil anomaly that returned values of up to 1,576 ppb gold. The showing is on trend with the Golden Saddle deposit, but the area between the Showing and deposit remains historically unexplored.

2018 Resource Estimate

In March 2018, White Gold released a mineral resource estimate for the White Gold property. The mineral resource has an indicated resource of 961,000 ounces grading 2.43 g/t gold and an inferred resource of 282,500 ounces grading at 1.70 g/t gold from the Golden Saddle and Arc deposits. Within that, there is a high-grade core that holds 832,000 gold ounces at a grade of 2.96 g/t gold indicated and 107,000 ounces at 3.18 g/t gold inferred.

Moving forward

White Gold will be conducting additional exploration on the property in order to expand their resource. Exploration will also be focused on testing and identifying new targets on the property.

White-Stewart

The 193,832-hectare White-Stewart property is comprised of 9,665 claims that sit along a 80-kilometer trend adjacent to the White Gold and JP Ross properties. The property is accessible by road, airstrip, barge and helicopter and offers early-stage and drill-ready targets. Most of the claims on the property lie along the proposed road that will connect Goldcorp’s Coffee project and Dawson City.

JP Ross

The JP Ross property is comprised of 2,251 claims that cover approximately 45,600 hectares and numerous placer gold bearing creeks. Historic exploration conducted by Underworld Resources and Kinross includes geochemical surveys, trenching, airborne magnetic and radiometric surveys and 8,592 meters of drilling. There are currently 14 known target areas and large portions of the property are still unexplored.

Vertigo target

In August 2018, White Gold encountered a near-surface high-grade gold mineralization along the Vertical Trend on the JP Ross property. The Vertigo discovery had drill results of up to 23.4g/t gold and 145g/t silver over a 24.3m intercept from surface, ending in mineralization, including 59.3g/t gold and 388 g/t silver over 3.05m. The discovery’s grab samples also included 257g/t gold and 293g/t silver over a 1.1km strike length The mineralization covers at least 10 individual mineralized zones over a 350-meter by 1,000-meter area that has similar geological features to the nearby Golden Saddle deposit. Some of the identified zones have been traced up to 400 meters along strike and remain open in all directions.

Strong mineralization was also identified along a 1.1-kilometer northwest trend that remains open in all directions. In September 2018, White Gold also staked an additional 717 claims adjacent to the west and south of the JP Ross property, securing the land position surrounding the Vertigo discovery.

Black Hills

Black Hills is a large claim block comprised of 2,670 claims that covers significant placer gold bearing creeks. The property has three drill-ready targets and multiple, untested in-soil gold anomalies. Mineralization found at Black Hills is associated with strong quartz-sericite alteration, brecciation, quartz vein development along regional scale fault zones. Prior exploration has left a large database comprised of soil and rock sampling, geologic mapping, airborne magnetic and radiometric surveys, trenching, and diamond core drilling.

Brew

The Brew property offers three linear in-soil gold anomalies along a 4.5 kilometer gold-molybdenum trend and values of up to 874 ppb gold have been recovered. The property displays similar structural and lithologic settings to that found on the adjacent White Gold property. The property will be drill ready with some minor additional work.

Pedlar

The Pedlar property could potentially contain a copper-molybdenum porphyry system located 27 kilometers from Western Copper’s Casino project.

Sixty Mile

The 56,097-hectare Sixty Mile property is located 50 kilometers west of Dawson City, Yukon on the Sixty Mile River. The property is comprised of 2,827 claims and is accessible by road. The district that the property rests in is underexplored, but has seen significant historical placer gold production of approximately 0.5 million ounces.

The district also features mineralization that is associated with the Sixty Mile-Pika (SMP) fault system and Cretaceous intrusions and offers the potential for structurally-controlled gold-silver and gold-copper skarns and a copper-gold-molybdenum porphyry style mineralization.

Cali target

The Cali target is a 2,500 meter by 250 meter gold soil anomaly associated with the northeast extension of the SMP fault. In soil gold values range from trace to 284.2 ppb gold and are associated with anomalous gold-arsenic-bismuth-copper-lead. Historic rock grab samples from the property have returned values of up to 1.41 g/t gold and 0.55 percent copper.

Nine target

The Nine target is a 850-meter by 500-meter in-soil gold anomaly with values that range from 525.7 ppb gold and is associated with anomalous gold-bismuth-lead-tellurium values. Historic grab samples from the property have returned grades up to 4.32 g/t gold.

Hart and Chant target

The Hart and Chant target has returned multiple in-soil gold anomalies over a four-kilometer trend along Hart Mountain Gold. In soil anomalies are associated with anomalous silver-bismuth-tellurium and have returned values up to 645 ppb gold.

Nolan

White Gold has uncovered at least seven new in-soil gold trends and have recovered values of up to 539 ppb gold. White Gold intends to further explore the property in upcoming work programs.

Klondike

The 12,794-hectare Klondike property is comprised of 635 claims and is located 30 kilometers south of Dawson City, Yukon. The property resides in the historic Klondike goldfields and every claim block is accessible by road. The property offers the potential for structurally-controlled high-grade gold bearing quartz veins and VMS-style gold-copper-silver mineralizations.

Hunker block

The Hunker block overlies the headwaters of five of the richest placer creeks in the Klondike goldfields. Prior exploration was focused on the King Zone, a 1,600-meter by 1,600-meter in-soil gold anomaly in the southern portion of the claim block. The northern part of the block has seen minor exploration despite known historic gold and copper rich occurrences.

IND block

The IND block is a drill ready targeted centered on an open two kilometer by 500-meter anomaly associated with arsenic-bismuth-molybdenum and has returned values up to 1,273.7 ppb gold. Historic work on the block includes, soil sampling, geological mapping, ground magnetic surveys, trenching and some drilling. The mineralization has been associated with a east to west oriented zone of stockwork quartz veining and fracturing.

Money

The 25,147-hectare Money property is comprised of 1,258 claims that border numerous historic mineral occurrences and placer gold bearing creeks. The property is accessible by airstrip, barge, road and helicopter and is approximately 70 kilometers southwest of Dawson City.

Mineralization on the property is primarily associated with the east to west oriented faults and associated plays that are similar to the structures found at the White Gold and Coffee deposits to the south. The property also offers the potential for intrusion-related gold and or copper-gold porphyry style mineralizations.

Lira target

The Lira target is a 400-meter in-soil gold anomaly associated with an east to northeast oriented shear zone. Grab samples from the zones returned values up to 110 g/t gold and historic trench results include intercepts over 10 meters grading up to 13.3 g/t gold.

Dime

The Dime property is comprised of three large east trending in soil arsenic-lead-antimony-gold values. In soil values have returned up to 6.1 g/t gold are associated with zones of silicification, brecciation, and quartz vein development along east to west structural corridors. Historic exploration highlights from the property include a 20-meter trench that graded 1.01 g/t gold and a 1.45-meter long drill hole that graded 8.32 g/t gold.

Coffee Trend East

The 43,822-hectare property is comprised of 2,196 claims that cover the eastern extension of Coffee Creek fault. The property is accessible by airstrip, barge and helicopter and is located immediately east of Goldcorp’s Coffee project and immediately northeast of Western Copper’s Casino project. It hosts eight known zones of mineralization and numerous untested targets.

Over $13 million has been spent on exploration by previous companies who established extensive geochemical and geophysical databases. The property can potentially host at least three styles of mineralization, including intrusion-related gold and both Coffee and White Gold style structurally-controlled gold.

White trend

The White trend offers multiple zones of anomalous in-soil gold and has returned over 800 meters grading 1.96 g/t gold and has been associated with anomalous arsenic and antimony values. The anomalous zone is associated with pervasive sericite alteration along the second and third order fault splays off the Coffee Creek fault and has a structure similar in setting, alteration and geochemistry to the adjacent Coffee deposit.

Mascot trend

The Mascot trend is a northeast oriented three kilometer by one kilometer trend of anomalous gold-silver-arsenic-bismuth-lead-antimony-zinc in soil anomalies that have returned values of up to 7.3 ppm gold. Historic drilling highlights from the Mascot trend include 13.7 meters grading 701 g/t gold and 209 g/t silver, 3.1 meters grading 29.8 g/t gold and 21.3 meters grading 1.5 g/t gold.

Betty

The Betty property is located along the extension of the Coffee Creek fault and has returned soil assay results of up to 7,288 ppb gold.

Hayes

The Hayes property has offered up three new gold-arsenic soil anomalies along the eastern extension of the Coffee Creek fault and has similar mineralization to the Coffee deposit. Results of up to 330 ppb gold have been recovered from the property.

Hayes

The Hayes property has offered up three new gold-arsenic soil anomalies along the eastern extension of the Coffee Creek fault and has similar mineralization to the Coffee deposit. Results of up to 330 ppb gold have been recovered from the property.

Coffee Trend West

The Coffee Trend West property is comprised of three claim blocks that are located 110 kilometers southwest of Dawson City, Yukon. The total land package of the property totals 13,247 hectares and consists of 666 claims. White Gold is focused primarily on the early-stage Wolf and Line blocks. The blocks are located west of the Coffee project, but have the potential to offer structurally-controlled gold and intrusion-related gold-silver-copper-molybdenum mineralizations.

Wolf block

The Wolf block features a 4.8-kilometer by 500-meter wide in-soil gold anomaly that has returned values of trace to 357.8 ppb gold that has been associated with strongly altered felsic and mafic volcanic units that offer anomalous gold-arsenic-bismuth-copper-molybdenum values.

Line block

The Line block property overlies the northern portion of the Moosehorn placer district and offer multiple in-soil gold anomalies with values that range from trace to 569 ppb gold.

Carlisle

The Carlisle property is directly adjacent to the Coffee project. The property has similar mineralization styles as the Coffee deposit and has returned up to 285 ppb gold.

Beaver Creek

The 10,214-hectare Beaver Creek property is comprised of 505 underexplored claims that offer significant exploration opportunities. The property is 45 kilometers northeast of Beaver Creek, Yukon and is located near to BCGold’s Wels property, which has returned 45 meters of 8.8 g/t gold from a 2014 trenching program and intersect of 19.5 meters grading 3.3 g/t gold.

White Gold believes that there is the potential for a structurally-controlled and intrusion-related gold mineralization to be found at the Beaver Creek property. The property is accessible by helicopter and is comprised of two claim blocks: Pilot and Wells.

Pilot block

The Pilot block is comprised of an east to west oriented 1.1 kilometer by 500 meters trend of anomalous gold. Soil samples haves returned trace to 193 ppb gold with anomalous values of antimony and arsenic. The trend covers the headwaters of the historic placer producing Beaver Creek and the northern portion of the property has not been explored.

Wells block

The Wells block is located immediately north of BCGold’s Wels property. Minor exploration has been conducted on the property and primarily consists of ridge and spur-style soil reconnaissance work. Results from the soil samples collected consists of strong anomalous arsenic, antimony and gold values that range from trace amounts to 1,698 ppb gold.

Management

Shawn Ryan — Chief Technical Advisor

Shawn Ryan has 20 years of experience in prospecting for gold in the Yukon. His work in the Yukon has led to the discovery of the White Gold, Coffee and QV project. He is the founder and technical advisor of GroundTruth Exploration and is the founder of RyanWood Exploration, the company the started the second gold rush in the Yukon in 2009. Ryan has also been the recipient of the Yukon Chamber of Miner Prospector of the Year Award in 1998, the 2010 Spud Huestis Award and the 2011 PDAC Prospector of the Year Award.

David D’Onofrio — CEO

David D’Onofrio has over 10 years of experience incubating and advising growth companies globally. He has held a variety of roles in a number of private and public enterprises, including director, audit committee member and as a financial advisor. He graduated from the Schulich School of Business and holds a CPA designation. He also has a Master of Taxation degree from the University of Waterloo.

David Schmidt — CFO

David Schmidt is a consultant to multiple mineral exploration companies and has advised them on their financings, corporate and financial disclosures and corporate development. He is currently is a director for several public companies. He has a Bachelor of Applied Science in Mining from the University of British Columbia.

Jodie Gibson, P.Geo. — VP Exploration

Jodie Gibson has 10 years of exploration experience in the Yukon, Alaska, southeastern US, Mexico and Greenland. Prior to the project being taken over by Kinross, he was the project manager for the White Gold project for Underworld Resources in 2009. In 2012, he was the project manager on the QV project for Comstock Metals and oversaw the discovery drill holes.

Robert Carpenter, P.Geo. — Director

Robert Carpenter has 25 years of experience as a mining company executive and professional geologist. He founded Kaminak Gold Corporation where he was the President and CEO for seven years. Carpenter took the company public and was responsible for a three million ounce discovery on the Coffee project before the company was acquired by Goldcorp Inc. He is the recipient of the 2010 Huestis Award for Excellence in Prospecting and Mineral Excellence. He has a Ph.D from Western University.


 

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