Gold

White Gold

White Gold

TSXV:WGO

Developing an Extensive Discovery Portfolio in the Yukon

Company Highlights

  • Largest landholder in the Yukon's White Gold district, owning over 40 percent of all claims.
  • Flagship Golden Saddle deposit has an indicated resource of 1.14 million ounces grading 2.28 g/t gold, and an inferred resource of 402,100 ounces grading at 1.39 g/t gold.
  • Strong pipeline of high-grade gold exploration discoveries, including Betty Ford (3.46 g/t Au over 50m, Ryan’s Surprise (20.64 g/t Au over 6.09m), Ulli’s Ridge (6.94 g/t Au over 19.5m) and others
  • QV property has a resource of 267,600 inferred ounces of gold.
  • Strategic partners with Agnico Eagle and Kinross, each owning 19 and 16 percent of the company, respectively.
  • Proprietary data-driven exploration methodology, based on an extensive historical exploration database.
  • Operating exclusively in the mining-friendly jurisdiction of Yukon, Canada.
  • Experienced management team has been involved with every major gold discovery in the White Gold district.
  • White Gold announced the start of its 2022 $6-million exploration program that includes drilling at the Betty Ford target and White Gold property.
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Overview

White Gold (TSXV:WGO,OTCQX:WHGOF,FWB:29W) is a Canadian gold exploration company operating in the prolific White Gold District of Yukon, Canada.

White Gold's district scale land package spans over 350,000 hectares, representing 40 percent of the District and includes defined gold deposits and exciting exploration targets. The Company's gold resources include its flagship Golden Saddle and Arc deposits which collectively contain Indicated Resources of 1,139,900 ounces gold and Inferred resources of 402,100 ounces of gold, and the VG deposit which contains Inferred Resources of 267,600 at 1.62 g/t Au all of which remain open for expansion.

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Overview

White Gold (TSXV:WGO,OTCQX:WHGOF,FWB:29W) is a Canadian gold exploration company operating in the prolific White Gold District of Yukon, Canada.

White Gold's district scale land package spans over 350,000 hectares, representing 40 percent of the District and includes defined gold deposits and exciting exploration targets. The Company's gold resources include its flagship Golden Saddle and Arc deposits which collectively contain Indicated Resources of 1,139,900 ounces gold and Inferred resources of 402,100 ounces of gold, and the VG deposit which contains Inferred Resources of 267,600 at 1.62 g/t Au all of which remain open for expansion.

In 2022, White Gold Corp announced the start of its $6 million exploration program. The program will include drilling at the Betty Ford target to test for extensions of the near-surface, breccia-hosted, high-grade gold zone, where 2021 maiden diamond drilling intersected 3.46 g/t gold over 50 meters in hole BETFD21D003 and 1.17 g/t gold over 48 meters in hole BETFD21D001. The company will also focus drilling on the White Gold property, to test the gap area between Ryan’s Surprise and Ulli’s Ridge, conduct infill drilling at Ryan’s Surprise, and test extensions of mineralization at both targets. It is aimed to determine if they are part of the same mineralized zone and to further test the high-grade gold discovery at Ulli’s Ridge where 2021 maiden diamond drilling intersected 6.94 g/t gold over 19.5 meters in hole WHTULR21D004.

Led by Shawn Ryan, White Gold’s experienced team has developed an innovative data driven exploration strategy that continues to deliver significant new discoveries, while advancing a robust pipeline of exciting early-stage projects. Ryan’s prospecting methodologies have led to two multi-million-ounce gold discoveries: the Coffee deposit now owned by Newmont, and the Golden Saddle and Arc, owned by White Gold. Strategic shareholders include Agnico Eagle Mines Limited (TSX:AEM, NYSE:AEM) and Kinross Gold Corporation (TSX:K, NYSE:KGC),.

Capital Structure

White Gold’s two strategic shareholders are Agnico Eagle Mines Ltd. with 19.7 percent shares and Kinross Gold Corporation with 15.8 percent shares. Eric Sprott, other strategic institutions and the public float with 43.3 percent share, and management and insiders with 21.2 percent share.

Along with the company's major shareholders, White Gold's management team has extensive experience, including Shawn Ryan, co-founder and chief technical officer, and Terry Brace, VP of exploration.

The White Gold District

The Yukon's White Gold district lies in the Tintina gold belt, a 200-kilometer-wide by 1,200 kilometer-long arc that extends from northern British Columbia into southwestern Alaska. The district was made famous in the 1896 Klondike gold rush and has historically produced 20 million ounces of placer gold. Interest in the district was reignited in 2007, primarily by Underworld's Golden Saddle discovery, and more than 7 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, dedicating over $360 million to improve road access into primarily two mineral-rich areas in the Yukon, which pass directly through White Gold's land package. The project is expected to help upgrade approximately 650 kilometers of road and help build or replace numerous bridges, culverts and stream crossings. The main roadway will travel through several of White Gold's properties, and through Newmont Goldcorp's Coffee project and Western Copper's Casino project, improving the road accessibility of much of the district.

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 much smaller environmental footprint compared to traditional exploration methods. It includes the utilization of aerial drone surveys to capture images of the area which are then combined with current project scale imagery at an ultra-high resolution, providing mineral exploration companies with both effective and efficient exploration programs.

Company Highlights

  • Largest landholder in the Yukon's White Gold district, owning over 40 percent of all claims.
  • Flagship Golden Saddle deposit has an indicated resource of 1.14 million ounces grading 2.28 g/t gold, and an inferred resource of 402,100 ounces grading at 1.39 g/t gold.
  • Strong pipeline of high-grade gold exploration discoveries, including Betty Ford (3.46 g/t Au over 50m, Ryan’s Surprise (20.64 g/t Au over 6.09m), Ulli’s Ridge (6.94 g/t Au over 19.5m) and others
  • QV property has a resource of 267,600 inferred ounces of gold.
  • Strategic partners with Agnico Eagle and Kinross, each owning 19 and 16 percent of the company, respectively.
  • Proprietary data-driven exploration methodology, based on an extensive historical exploration database.
  • Operating exclusively in the mining-friendly jurisdiction of Yukon, Canada.
  • Experienced management team has been involved with every major gold discovery in the White Gold district.
  • White Gold announced the start of its 2022 $6-million exploration program that includes drilling at the Betty Ford target and White Gold property.

Key Projects

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 its 19 percent interest in White Gold.

The 34,951-hectare property comprises over 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 camp is located nearby at the Thistle Creek camp. White Gold is aggressively developing two key deposits on the property: Golden Saddle and Arc.

White Gold commenced its 2022 diamond drill program at the Ryan’s Surprise and Ulli’s Ridge targets occurring in the southern part of a 6.5-km-long north-northwest gold-arsenic geochemical trend (Ryan’s Trend) and are located approximately 2 kms west of the flagship Golden Saddle and Arc deposits. The close proximity of the Ryan’s Surprise, Ulli’s Ridge and Ryan’s Trend to the Golden Saddle and Arc represents significant discovery potential for accretive ounces to be added to the project.

Golden Saddle Deposit

The Golden Saddle deposit trends northeast and is comprised of zones of structurally controlled gold mineralization that are commonly associated with fracture-controlled pyrite, quartz-flooded breccias and stockwork quartz veins. The project is located 95 kms south of Dawson City, Yukon, with airstrip and barge access, and a fully operational exploration camp. Mineralization is known to extend beyond the limits of the current resource and has excellent untested exploration potential in the surrounding area.

Two kilometers west of the Golden Saddle lies the 6.5-km Ryan’s Trend, a gold-arsenic geochemical trend, which hosts several prospective targets including the Ryan’s Surprise and Ulli’s Ridge target. Highlights of drilling at Ryan’s Surprise from 2018 to 2021 include 20.64 g/t gold over 6.09 meters, 17.40 g/t gold over 3.47 meters and 8.69 g/t gold over 12.30 meters. In 2021, the company conducted the maiden diamond drilling program on Ulli’s Ridge, less than 1 km south of Ryan’s Surprise, which intersected 6.94 g/t gold over 19.50 meters and 1.36 g/t gold over 18.50 meters. Exploration in 2022 will focus on these two targets, testing the extent of mineralization, continuity between targets, infill drilling at Ryan’s and select RAB drilling along the Ryan’s Trend at high priority targets.

Arc Deposit

The Arc zone is south of 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 Surprise Discovery

During the 2018 exploration season, Ryan's Surprise was discovered, located two kilometers west along trend of the Golden Saddle deposit. Ryan's Surprise is another significant discovery and has drill results including 20.64 g/t gold over a 6.1-meter intercept and 5.02 g/t gold over 13.2 meters. 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. In 2022, the company conducted infill drilling at this target to provide sufficient drill spacing to conduct a potential initial mineral resource estimate. The mineralization zone is interpreted as approximately 400 meters E-W by 400 meters N-S up to a vertical depth of 450 meters and remains open along strike to the west and 100 meters downdip. In 2022, drilling at this target will focus on infill drilling and extension in order for a potential initial resource estimate on this target.

Ulli’s Ridge Discovery

The Ulli’s Ridge target is located on the southern section of Ryan’s Trend, a 6.5-km gold-arsenic geochemical trend that also hosts Ryan’s Surprise and several other early-stage targets. The target is also 3 kms southwest of the company’s flagship Golden Saddle and Arc deposits, and 11 kms south of the company’s VG deposit. In 2021, the company conducted maiden diamond drilling on the target to follow up on encouraging gold mineralization encountered in earlier RAB drilling of 4.67 g/t gold over 6.10 meters and 1.35 g/t gold over 21.33 meters. All holes in the maiden diamond drilling encountered gold mineralization, including 6.94 g/t gold over 19.5 meters, 39.10 g/t gold over 1.5 meters, and 1.36 g/t gold over 18.50 meters. Drilling at this target has now identified gold mineralization along an approximately 650-m strike length with mineralization remaining open along strike and at depth. Gold encountered in 2021 is at relatively shallow depths, indicating significant expansion potential at greater depths. In 2022, drilling at this target will focus on testing the extents of the mineralized zone and to test the gap area between Ryan’s Surprise and Ulli’s Ridge.

Moving forward

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

VG Deposit

In March 2019, White Gold acquired the 16,335-hectare QV gold project from Comstock Metals. The property is contiguous to the company's White Gold property and located 20 kilometers southwest of the Vertigo discovery. Shawn Ryan optioned the property to Comstock Metals in 2010. The VG deposit located on the property is 11 kms north of the company’s Golden Saddle and Arc deposits with similar mineralogy and geology.

Historical 2014 resource estimate

The VG deposit resides on the southern end of the property where the majority of the historical work has been completed. In 2014, Comstock Metals released a maiden resource estimate for the VG deposit. The report outlined an inferred resource of 4.4 million tonnes grading 1.65 g/t gold when using a 0.5 g/t gold cut-off.

Updated 2021 resource estimate

On December 24, 2022, the company filed an updated mineral resource estimate on the VG deposit resulting in a 16-percent increase in inferred resources compared to the historical estimate completed by Comstock. Opportunities still exist at the VG deposit to quickly upgrade a significant portion of Inferred Resources to Indicated, as well as for expansion of mineralization at depth and along strike. The QV property which hosts the VG deposit also holds several other prospective targets that offer potential for additional discoveries.

Exploration

The mineralization at the QV project occurs along a northeast-trending and south-dipping structural zone that has been traced for over 700 meters at the surface. The VG deposit is open along strike and at depth and shares similarities to the Golden Saddle deposit in terms of structural setting and mineralization style. Highlights from historical drilling at this location include 42 meters grading 2.23 g/t gold, 42.3 meters grading 1.76 g/t gold and 42.6 meters grading 1.36 g/t gold.

In 2017, six diamond drill holes were completed on the VG deposit and expanded the footprint of known mineralization. Significant results include 45.5 meters grading 1.42 g/t gold and 51.2 meters grading 1.48 g/t gold.

Additional work completed on the property includes soil sampling, GT probe sampling, IP resistivity surveys, airborne magnetic-radiometric surveys, geological mapping, prospecting and RAB drilling. The work has resulted in the discovery of three zones of interest: Stewart, Tetra and Shadow.

Large portions of the property still remain unexplored.

Betty Property

The Betty property is strategically located in the southern part of the company’s land package, approximately 15 kms northeast of Western Copper and Gold’s Casino porphyry deposit, and 40 kms east of Newmont’s Coffee gold deposit. The property is located in a prospective geological area and along the Coffee Creek fault, which structurally controls other significant mineralized zones in the area. White Gold commenced the 2022 drill program at the Betty Ford, Mascot and other targets on its Betty property in July 2022 and is currently awaiting assays.

Betty Ford target

The Betty Ford target is located in the centre of the Betty property and 2018 RAB drilling at this target revealed significant shallow mineralization including 1.08 g/t gold over 50.29 m from 4.57-m depth and 0.94 g/t gold over 24.39 m from 19.81-m depth. In 2021, the company completed the maiden diamond drilling program at the target to follow up on the mineralization encountered in 2018. Six diamond drill holes tested the target along a 500-m strike length. This drilling also encountered significant broad zones of near-surface gold mineralization along a 100-m strike length. Hole D003 intersected 3.46 g/t gold over 50 m from 33-m depth, including a higher grade core of 5.25 g/t gold over 19 m. Hole D001 intersected 1.17 g/t gold over 48 m from 19 m. The target remains open along strike to the east and west. Two styles of mineralization were encountered: 1) broad zones of gold-silver mineralization within polylithic breccia; and 2) narrow zones of silver-zinc-lead mineralization. In 2022, drilling at this target will test the depth and strike extents of the mineralized zone.

Mascot target

The Mascot target is located approximately 5 kms southeast of Betty Ford and hosts a large gold soil anomaly with three known gold mineralized zones (Page, Boop, Davis), where historical RC drilling encountered significant gold and silver mineralization including 2.62 g/t gold and 107 g/t silver over 41.1 m in hole BETR12-022 at Page, 29.75 g/t gold over 3.1 m in BETR12-012 and 2.19 g/t gold over 10.7 m including 6.05 g/t gold over 3.1 m in BETR12-014 at Boop, and 1.48 g/t gold over 21.3 m in BETR12-007 at Davis. In 2022, the company completed the maiden diamond drilling program on this target to test the strike, depth and extension of these mineralized zones.

Hayes Property

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.

White Gold reported that soil geochemistry surveys carried out during the 2021 field season on the Hayes identified significant copper, gold, and other multi-element soil anomalies. The 2021 soil geochemistry program comprised sampling on three separate grid areas on the property, north, south and eastern grids. The most encouraging results were returned from the northern grid which measures 2 kms east-west by 1.5 kms north-south, and lies approximately 5 kms south of the Yukon River. The area was selected for gridded soils to follow up on isolated anomalous ridge and spur soil samples that formed part of a 2017 reconnaissance survey by the company. The 2021 sampling identified a broad geochemically zoned multi-element soil anomaly with a central core measuring from 750 m to 1,000 m in diameter and enriched in bismuth and arsenic, which is surrounded by a halo of anomalous silver, lead and zinc that is greater than 400 m wide. Anomalous copper occurs in the southern portion of the core, and a relatively small area of anomalous molybdenum occurs near the core’s northern margin. Geologically, the soil anomaly is associated with a plug of Late Cretaceous Prospector Mountain suite, which is known to be prospective for porphyry Cu-Au (Mo) and epithermal style mineralization. The soil anomaly overlies a magnetic high, and based on regional geological mapping and aeromagnetic results, similar intrusions occur in the immediate area and have not been covered by soil sampling. The anomaly remains completely open to the west, and currently, additional soil sampling is being planned to outline the full extent of the anomaly. The geochemical zonation and elemental distributions indicate that the anomaly may represent the surface expression of a Cu-Mo porphyry core surrounded by epithermal style Ag-Pb-Zn mineralization.

Pilot Property

The Pilot property is located approximately 10 kms west of the White River and 40 kms northeast of Beaver Creek, a small town near the Yukon - Alaska border. Soil sampling has identified three geochemically distinct zones: 1) gold-arsenic zone; 2) copper zone; and 3) gold-bismuth-molybdenum zone. The gold-arsenic zone comprises several subparallel N-S trending gold-arsenic anomalies that appear to be structurally controlled and individual anomalies can be traced for over 1 km along strike. The copper zone is located approximately 1 km west of the gold-arsenic zone and consists of an arcuate shaped 2-km-long copper anomaly. This arcuate shape is also mirrored in the westernmost gold-arsenic anomaly and indicates that similar structural and/or stratigraphic controls may be present. The gold-bismuth-molybdenum anomaly is located approximately 2 kms to the south in the central portion of the property and is more circular in shape. The source of the soil anomalies is presently unknown due to a lack of detailed geological mapping and prospecting, and complete lack of trenching and/or drilling. Geologically the gold-arsenic anomalies are underlain by metasediments of the Scottie Creek formation. Although no major fault structures have been mapped in the immediate area of the property, aeromagnetic surveys over the northern half of the property indicate the presence of north-south trending structures that may be controlling mineralization. Mapping and prospecting, and GT probe and/or mechanical trenching is required to identify the bedrock source of the anomalies. If results of this work are encouraging, initial RAB drilling will test the anomalies to determine the general thickness and grade of mineralization.

Management Team

Shawn Ryan - Chief Technical Advisor

Shawn Ryan has over 30 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 that 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 a decade of experience in corporate finance and capital markets with a focus on the natural resource sector. As an executive with the PowerOne Group he has developed a depth of knowledge in representing, advising, and assisting emerging companies in accessing capital, advising on mergers and acquisitions and managing their businesses. D’Onofrio is a chartered professional accountant and has also served in a variety of executive roles and director positions to a wide array of private and public enterprises.

Terry Brace, P.Geo. - VP Exploration

Terry Brace brings over 25 years of diversified experience in the mineral exploration and mining industry, covering exploration, environmental management, project permitting, human resources management and community relations. Brace has held senior positions with major, mid-tier and junior companies including Teck Resources, Noranda, Pan American Silver, Cornerstone Resources and Thundermin Resources. During that time, Brace worked on and managed projects in several regions of Canada and in Latin America, with a focus on precious and base metals in a wide range of deposit types. From 2008 through 2013 he served as vice-president exploration for Cornerstone Resources and most recently as senior exploration geologist with Pan American Silver in Timmins, Ontario.

Brace holds a master of science and a bachelor of science in earth sciences (geology) from Memorial University of Newfoundland and a diploma in human resources management from McMaster University. He is a registered professional geoscientist (P.Geo.) in the provinces of Ontario and Newfoundland and Labrador.

*Disclaimer: This profile is sponsored by White Gold ( TSXV:WGO ). This profile provides information which was sourced by the Investing News Network (INN) and approved by White Gold in order to help investors learn more about the company. White Gold is a client of INN. The company's campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with White Gold and seek advice from a qualified investment advisor.

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