Book a Meeting with Management
The Company encourages shareholders and other interested parties to book a virtual meeting with management and the Investor Relations team by inquiring at ir@whitegoldcorp.ca to learn more about the Company’s gold resources and unique district scale exploration portfolio in a tier 1 mining jurisdiction, upcoming 2024 exploration plans, and to ask any other questions they may have.
2023 Exploration Overview
In 2023, the Company successfully increased the size of its gold resources and published an updated Mineral Resource Estimate (“MRE”) (1) for its flagship
The 2023 exploration program also consisted of diamond drilling and other exploration activities including RAB drilling, Induced Polarization – Resistivity Ground surveys, geological mapping and prospecting, soil geochemistry surveys, and ground magnetics and VLF-EM surveys to follow up on recent discoveries and generate new targets for future drilling. Key highlights of the 2023 exploration program released to date include the following, with additional results to be released in due course:
Betty Ford exploration diamond drilling intersecting 3.38 g/t Au over 53m in BETFD23D013, 5.03 g/t Au over 25m within 2.96 g/t Au over 46.5m in BETFD23D014, and 5.04 g/t Au over 20.85m in BETFD23D015.- The
Betty Ford 2023 diamond drilling extended the interpreted width of the high-grade gold zone by at least 50%, increased the strike length to 175m and encountered the first occurrences of gold in the Sulphide Domain of the target. The target remains open in multiple directions. - Vertigo exploration diamond drilling was designed to test a revised structural interpretation including identification of multiple prospective vein sets. Drilling intersected 1.4 g/t Au over 58.4m in JPRVER23D0052 including narrower high-grade subintervals of 9.10 g/t Au over 2.85 m and 6.68 g/t Au over 4.80 m, with multiple occurrences of visible gold within the zones. Newly collected borehole optical televiewer data supports the structural interpretation of multiple mineralized vein sets, with two separate orientations.
- Discovery of prospective 1 km long gold-in-soil anomaly 9 km northwest of the Company’s VG deposit with gold values range from < 0.5 ppb Au to a maximum of 496.7 ppb Au. The gold anomaly is associated with anomalous tellurium and low arsenic in soils, which represents a surface geochemical signature similar to the VG and Golden Saddle deposits. The newly identified east-west trending soil anomaly is open along strike to the east and west beyond the limits of current soil sampling, and infill and extension soil sampling, GT-probe bedrock sampling, and ground magnetics and VLF-EM geophysical surveys are recommended to further advance this new target to drill-ready status.
The Company is currently planning its fully funded 2024 exploration program, focusing on high priority targets with details to be announced in the coming weeks. The Company will also arrange a webinar to provide a more detailed overview of the 2023 exploration results and plans for 2024 at that time.
Upcoming Conferences
The Company plans to attend multiple conferences in 2024, in addition to the conferences already attended, including the conference outlined below. Information on additional conference attendance will be provided as details are confirmed.
The Company will provide a comprehensive corporate update presentation with a live Q&A session, and will participate in one on one meetings. Interested parties are encouraged to register in link below.
Dates:
Location: Virtual
https://www.virtualinvestorconferences.com/events/event-details/metals-mining-virtual-investor-conference-11
Invest Yukon Site Tour & Conference
The Company will present and participate in the Invest Yukon’s upcoming conference and site tour. The conference will feature one on one meetings with management, a corporate update presentation, and a site tour of the Company’s flagship
Dates:
Location: Dawson City &
The Company is pleased to share conference interviews and roundtable discussions from the recent VRIC 2024 conference in
- White Gold Corporate Presentation: VRIC 2024: https://www.youtube.com/watch?v=ERTKU7lOw9M
- Yukon Leaders CEO Precious Metals Roundtable: https://www.youtube.com/watch?v=gxhyHNSBqjw
White Gold Corp. Gold Newsletter Interview: https://www.youtube.com/watch?v=fEA_RVn0E00
Other Matters
The Company announces that a total of 6,550,000 options to purchase common shares of the Company have been granted to directors, officers, employees and consultants at an exercise price of
About
The Company owns a portfolio of 15,830 quartz claims across 25 properties covering approximately 315,000 hectares representing over 40% of the Yukon’s emerging
(1)
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Qualified Person
Cautionary Note Regarding Forward Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “proposed”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include:
The expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to
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
(647) 930-1880
ir@whitegoldcorp.ca
Request Meeting: ir@whitegoldcorp.ca
Source:
2024 GlobeNewswire, Inc., source