White Gold Corp. announced that exploration diamond drilling has commenced at the Vertigo target on the JP Ross property located in the White Gold District, west-central Yukon, Canada. Vertigo is located approximately 30 km northeast of the Company’s White Gold Project which comprises 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the Inferred Resource category.

Drilling at Vertigo is planned to test a revised structural interpretation developed from a recent analysis of structural data which has identified multiple untested vein sets in the hanging wall. The presence of these vein sets can potentially improve the continuity of the gold mineralization, thereby increasing the chances of delineating a bulk tonnage high-grade gold and silver deposit. Vertigo is road accessible which has provided the opportunity to commence work on this project as the company prepares for it upcoming diamond drilling on its Betty and Nolan properties.

This drill program forms part of the Company’s 2023 fully funded exploration program on its extensive and underexplored 350,000 hectare land package in the emerging White Gold District, Yukon, supported by strategic partners Agnico Eagle Mines Limited and Kinross Gold Corporation. Vertigo Target: The road accessible Vertigo target is located on the JP Ross property approximately 80 km south of Dawson City. Gold and silver mineralization at Vertigo is associated with quartz veining, brecciation and strong quartz-sericite altered structures containing disseminated to locally massive arsenopyrite, galena and pyrite, and locally fine-grained visible gold within a felsic gneiss host unit.

Vuggy textures and iron oxides after pyrite, as well as an interpreted early phase of potassic alteration, are common. Gold mineralization at the Vertigo occurs at a principal fault intersection between a district-scale WNW-trending magnetite-destructive fault zone (Vertigo FZ) and a major NE-trending magnetic and topographic (LiDAR) lineament. Gold mineralization occurs within an approximately 2.0 km by 0.8 km mag-destructive sigmoid, suggesting that a left-lateral pull-apart can be the principal controlling array.

On a local scale, optical televiewer data and trench mapping confirmed that steep-dipping quartz veins predominantly follow a principal WNW-trend and a subordinate NE-trend. Both vein systems crosscut at high angle to the host-rock sub-horizontal foliation, while the subordinate vein array occurs parallel to open folding of NE-axis. Overall, the geometry, magnetic character and scale of the WNW- and NE-trending faults and quartz veins are encouraging, as they closely resemble the principal structures controlling gold mineralization at, respectively, the Golden Saddle and Ryan’s Surprise deposits.

Initial diamond drilling at Vertigo was carried out by Kinross in 2010 with the completion of 4 holes totaling 521.7 m. During 2018 and 2019, the Company carried out RAB (25 holes, 1,448.9 m) and RC drilling (36 holes, 2,551.3 m), and in 2019 completed 46 diamond drill holes totaling 9,568.5 m. The 2018 RAB and RC holes drilled to the south (180° azimuth) and north (360° azimuth), whereas 2019 RAB, RC and diamond drill holes drilled to the north-northeast (020° azimuth) to test the interpreted primary west-northwest striking and south dipping mineralized structures. The drilling produced very encouraging results (e.g. 23.44 g/t Au and 144.75 g/t Ag over 24.38 m in hole JPRVERRAB18-014, 9.46 g/t Au and 36.68 g/t Ag over 22.86m in hole JPRVERRC18-006, and 11.64 g/t Au and 32 g/t Ag over 5.34m in hole JPRVER19D0015, and Company News Releases dated Dec. 06, 2018 and Aug.

08, 2019) with significant associated silver values. More recently the Company has reviewed and interpreted available borehole optical televiewer and trench structural data which indicates that there are 3 mineralized vein sets at Vertigo: the primary WNW striking vein set which has been the focus of previous drilling; a north-northeast (022°) striking secondary vein set which dips steeply to both the west and east; and a set of narrow (up to 10-15 cm) sheeted quartz veins that strike east-northeast (070°) and dip moderately at 55° north. These latter quartz veins were exposed during mechanical trenching during the 2019 field season, and vein samples returned encouraging gold assays in the range of 1.5 g/t Au to 17.3 g/t Au, however 2019 diamond drilling did not test this newly identified vein set due to the orientation of drilling.

The planned 2023 diamond drill program at Vertigo is designed to intersect all 3 vein sets noted above and test the potential for bulk tonnage gold mineralization due to greater continuity. Planned drilling comprises 5 holes totaling 1,100 m that will test the mineralized zone near the historical trenching, as well as adjacent gold-in-soil anomalies located 250-300 m to the east-northeast, southwest and south. All holes will be collared at a dip of -50° and drill at an azimuth of 155° (south-southeast).

This drill orientation is designed to intersect all 3 vein sets noted above and test the potential for bulk tonnage gold mineralization. Drill assay results will be announced in due course.