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Recent Company Highlights
Updated Mineral Resource Estimate (MRE)
- Includes four gold deposits in close proximity – Golden Saddle, Arc, Ryan’s Surprise and VG, within 12 km of each other, and comprises:
- 16.11 million tonnes of Indicated Resources averaging 2.23 grams per tonne gold for 1.153 million ounces of gold, representing 55% of total resources.
- 18.99 million tonnes of Inferred Resources averaging 1.54 grams per tonne gold for 0.942 million ounces of gold, representing 45% of total resources and a 41% increase compared to previous MRE’s for the project.
- Updated MRE includes a maiden resource estimate for the Ryan’s Surprise deposit with an Inferred Resource of 227,700 ounces of gold averaging 1.97 grams per tonne gold.
- 94% of the resources are near surface, with open-pittable Indicated Resources of 1.125 million ounces of gold averaging 2.20 grams per tonne gold and open-pittable Inferred Resources of 0.853 million ounces of gold averaging 1.46 grams per tonne gold.
- Mineralization remains open along strike and down dip, with opportunities to further expand and upgrade resources in addition to multiple underexplored targets in close proximity to the deposits.
Betty Ford Diamond Drilling Highlights
- The Betty property lies along strike and approximately 40 km east-southeast of Newmont Corporation’s Coffee gold deposit with Indicated Resources of 2.14 Moz gold and Inferred Resources of 0.23 Moz gold(2). The Betty property is also contiguous to and 15 km northeast of Western Copper and Gold Corporation’s Casino porphyry copper-gold project with Measured & Indicated Resources of 14.8 Moz gold & 7.6 Blbs copper and Inferred Resources of 6.3 Moz gold and 3.1 Blb copper(3).
- Maiden diamond drilling returned 3.46 g/t gold over 50 m and 1.17 g/t gold over 48 m in 2021, and follow up drilling in 2022 intersected 8.94 g/t gold over 18.29 m (RC) and 1.50 g/t gold over 55.15 m (diamond)
- In 2023, diamond drilling significantly extended width of the gold zone by 90%, and the high-grade mineralized oxide gold zone strike length to 175 m, with all holes returning significant gold mineralizing including 3.38 g/t gold over 53 m, 5.03 g/t gold over 25 m within 2.96 g/t gold over 46.50 m, and 5.04 g/t gold over 20.85 m.
New Gold Soil Anomaly Discovered on QV Property
- The newly identified east-west trending soil anomaly on the East Grid measures approximately 1 km in length, is located 9 km northwest of the VG deposit zone and is open along strike to the east and west beyond the limits of current soil sampling.
- 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.
- 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 in 2024.
Bridget and Isaac Porphyry Targets
- The Bridget and Isaac targets represent large, early-stage, multi-element porphyry targets in close proximity to northeast of Western Copper and Gold Corporation’s Casino porphyry copper-gold project and other porphyry deposits in the
Dawson Range . - The Bridget soil anomaly on the Pedlar property measures 3 km NW-SE by 3.5 km NE-SW and is interpreted to represent a copper-molybdenum porphyry target. It is geochemically zoned with a molybdenum-copper-bismuth core and a silver-zinc-lead-tungsten halo.
- The Bridget soil anomaly on the Pedlar property measures 3 km NW-SE by 3.5 km NE-SW and is interpreted to represent a copper-molybdenum porphyry target. It is geochemically zoned with a molybdenum-copper-bismuth core and a silver-zinc-lead-tungsten halo.
- Deep penetrating test IP survey lines conducted in 2023 over existing soil geochemistry anomalies have identified a total of 13 chargeability anomalies, 5 at Bridget and 8 at Isaac.
- Further geophysical surveys, mapping and other exploration required to aid in identifying targets in support of future diamond drill testing.
About
The Company owns a portfolio of 15,876 quartz claims across 26 properties covering approximately 315,000 hectares (3,150 km2) representing over 40% of the Yukon’s emerging
(1)
(2) See Newmont Corporation Form 10-K: Annual report for the year ending
(3)
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Contact Information:
David D’Onofrio
Chief Executive Officer
(647) 930-1880
ir@whitegoldcorp.ca
Virtual Investor Conferences
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com
Source: Virtual Investor Conferences
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