Announcement Date: 2022-11-28
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: White Gold Corp.
Project name: Betty
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 55.15m at 1.50g/t Au, from 22.85m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the “Company”) is pleased to report positive initial assay results from the 2022 drill program at the Betty Ford and Mascot targets, situated 6km apart on its Betty property. The Betty property is contiguous to and approximately 40km east (Figure 1) of Newmont Corporation’s (NYSE: NEM, TSX: NGT) Coffee Gold deposit (Measured & Indicated Resources of 2.14 Moz gold and Inferred Resources of 0.23 Moz gold(3)) and 15km northeast of Western Copper and Gold Corporation’s (TSX: WRN, NYSE: WRN) Casino porphyry deposit (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(4)). These assays represent positive initial results from the Company’s 2022 fully funded $6 million 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 (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC). “We are pleased to have encountered additional broad zones of near surface gold mineralization on the Betty property” stated David D’Onofrio, CEO. “Drilling at the Betty Ford has considerably extended the recently discovered high grade gold zone (3.46g/t over 50m) which remains open along strike. Maiden diamond drilling at the Mascot successfully encountered several gold and multi-element mineralized zones and has improved our understanding of the structural geological controls of the system. We look forward to following up on these positive results and continuing to explore this prolific area which hosts large gold and copper-gold deposits.”
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