TORONTO, March 12, 2024 (GLOBE NEWSWIRE) -- White Gold Corp. ((TSX.V: WGO, OTCQX:WHGOF, FRA: 29W)) (the "Company") is pleased to announce participation in the OTC Markets Metals & Mining Virtual Investor Conference and in the Invest Yukon Investment Conference & Property Tour of the Company's flagship White Gold Project along with other events in 2024. The White Gold Project is located in west-central Yukon, Canada, and 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 (1). The Company's significant gold resources and other discoveries continue to demonstrate the expansiveness of gold mineralization on its extensive and underexplored land package in the emerging White Gold District, Yukon, Canada, with its exploration supported by strategic partners including Agnico Eagle Mines Limited and Kinross Gold Corporation.
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 White Gold Project significantly updating the MRE to include 16.11 million tonnes of Indicated Resources averaging 2.23 grams per tonne gold for 1.153 million ounces of gold and 18.99 million tonnes of Inferred Resources averaging 1.54 grams per tonne gold for 942,400 million ounces of gold, representing an increase of Inferred Resources by 41%. The updated MRE also includes a maiden resource estimate for the Ryan's Surprise deposit, which included an Inferred Resource of 227,700 ounces of gold averaging 1.97 grams per tonne gold. The Ryan's Surprise deposit is located 1.5 km west of the Golden Saddle and Arc deposits, and along the Ryan's Trend, a 6.5 km long gold-arsenic geochemical anomaly which hosts additional prospective gold targets.
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 ...