White Gold Corp. reports exploration and corporate developments tied to its district-scale mineral property portfolio in west-central Yukon, Canada. The company’s updates center on the flagship White Gold Project and a pipeline of gold, copper and critical-mineral targets across properties such as Hen and Pedlar.
Recurring news includes drill results from Golden Saddle and Arc, bedrock sampling and mineralization reports at Lost Pup and Titan, geophysical surveys at the Bridget target, technical-study and permitting work, and leadership changes supporting exploration and development planning.
White Gold (WHGOF) reported drilling results extending gold mineralization beyond the current resource model at its VG deposit in Yukon. Hole QV26-025 returned 2.73 grams per tonne gold over 21.75m, including 4.18 grams per tonne over 8.80m. Mineralization now extends from approximately 230m to 350m along its downward trend, across approximately 170m of strike at depth.
At Ryan's Surprise, drilling extended stacked mineralized lenses approximately 50m east and west. Western results included 0.96 grams per tonne over 20.82m; an eastern hole returned 3.36 grams per tonne over 2.25m. However, WHTRS26D033 returned only narrow, low-grade intervals, and WHTRS26D036 had no significant results. The fully funded 2026 program comprised 53 holes totalling approximately 18,810 metres, with assays pending for 44 holes. Results will enter future resource updates; VG's interpreted growth zone requires further drilling.
White Gold (WHGOF) reported initial drilling results extending gold mineralization at its Golden Saddle and VG deposits in Yukon, Canada. Golden Saddle hole WHTGS26D0219 returned 1.47 g/t gold over 38.08 metres, including 5.13 g/t over 7.88 metres, extending the high-grade core approximately 50 metres west.
At VG, QV26-026 returned 2.53 g/t over 18.90 metres, while QV26-024 returned 0.71 g/t over 38.45 metres. Together, these holes extend continuous mineralization from approximately 230 to 320 metres down-plunge across approximately 150 metres of strike. They also connect a historical intercept at approximately 350 metres down-plunge. Assays from 49 additional holes are pending under the fully funded 2026 program.
White Gold (WHGOF) filed a preliminary economic assessment for its Yukon project with a modeled C$1.86 billion after-tax net present value. At US$3,600 per ounce of gold, the assessment estimates a 41% after-tax internal rate of return and a 1.5-year payback. It outlines a 9.4-year open-pit operation processing 12,000 tonnes per day and producing an average of 188,000 ounces of gold annually, including 223,000 ounces annually in the first five years.
Initial capital is estimated at C$1.002 billion, with C$357 million in sustaining capital and C$112 million for closure and reclamation. Modeled life-of-mine after-tax free cash flow is C$2.673 billion. At US$4,500 per ounce, modeled after-tax net present value rises to C$2.911 billion.
The mine plan covers four deposits. The assessment is preliminary, includes inferred mineral resources and does not establish mineral reserves or certainty that the modeled results will be achieved.
White Gold (OTCQX: WHGOF) reported that shareholders approved the spin-out of certain Yukon critical mineral properties to W2 Critical Minerals at its August 11, 2026 meeting. The transaction will proceed by plan of arrangement and remains subject to final court and TSX Venture Exchange approvals, with a court hearing scheduled for August 13, 2026.
Under the Spin-Out, White Gold will transfer the critical mineral assets to W2 in exchange for W2 shares and distribute them as a dividend-in-kind at a ratio of 1 W2 share for every 5 WGO shares, with no change to shareholders’ WGO holdings. After completion of the Spin-Out and a related financing, White Gold is expected to own approximately 19.9% of W2. W2 intends to apply to list its shares on the TSXV.
Shareholders also approved all other AGM matters, including director elections, appointment of Mao & Ying as auditor, and adoption of a new Omnibus Incentive Plan allowing stock options and restricted share units, capped at 10% and 5% of outstanding WGO shares respectively.
White Gold Corp (OTCQX: WHGOF) reported a maiden Preliminary Economic Assessment for its White Gold Project in Yukon, outlining a 9.4‑year, 12,000 tpd open pit mine producing an average of 188,000 oz of gold per year (223,000 oz/y in years 1–5). At a base gold price of US$3,600/oz and US$0.72:C$1.00, the study shows an after‑tax NPV(5%) of C$1.911 billion, after‑tax IRR of 38% and a 1.7‑year payback, with life‑of‑mine after‑tax free cash flow of C$2.685 billion. Initial capital is estimated at C$1.05 billion, with sustaining capital of C$326 million and closure and reclamation of C$146 million. Average cash costs are projected at US$1,290/oz and all‑in sustaining costs at US$1,480/oz. The mine plan processes 41 Mt at 1.54 g/t Au, with a strip ratio of about 9:1 and average gold recovery of 87%. The PEA incorporates four deposits and uses roughly 60% of the current resource, with additional deposits and over 25 targets offering potential future upside, subject to further work. The company cautions the PEA is preliminary and includes Inferred resources without demonstrated economic viability.
White Gold (OTCQX: WHGOF) reported progress on its fully funded 2026 exploration program on the White Gold and QV properties in Yukon. The campaign targets 15,000–20,000 m of diamond drilling with three rigs, focused on expanding resources at the Golden Saddle, Arc, Ryan's Surprise and VG deposits and testing nearby discovery targets.
As of this update, 18 holes totaling about 7,000 m have been completed. Golden Saddle, VG and Ryan's Surprise have seen step-out drilling to extend mineralization, while Arc drilling is planned for the second half of the program. New high-priority targets Golden Saddle 2.0 and VG East are being advanced toward drilling. A maiden Preliminary Economic Assessment for the White Gold Project is underway, alongside a resource base of 1.73 Moz indicated and 1.27 Moz inferred gold. The company also noted federal support for a proposed Yukon–British Columbia transmission line that could benefit the broader district.
White Gold Corp (OTCQX:WHGOF) launched a fully funded 2026 exploration program on its district-scale Yukon land package, featuring the largest diamond drilling campaign in its history.
The program targets resource growth at the Golden Saddle, Arc, Ryan's Surprise and VG deposits, supports a near-term maiden PEA, and follows a planned spin-out of critical mineral assets to shareholders.
White Gold (OTCQX:WHGOF) reported IP and resistivity survey results at its Guilder (Loonie) and Mt. Hart (Nolan) targets in Yukon. Surveys outlined multiple deep chargeability anomalies aligned with major structures and soil geochemical trends, defining drill-ready copper-gold porphyry and epithermal targets and supporting a fully funded 2026 exploration program and critical minerals spin-out to W2 Critical Minerals.
White Gold (OTCQX:WHGOF) appointed Hans Smit, P.Geo. as Technical Advisor. He will support resource expansion and economic evaluation work, including preparation of a maiden Preliminary Economic Assessment (PEA) for the flagship White Gold Project in west-central Yukon, Canada.
Smit brings over 40 years of mineral industry experience.
White Gold Corp (OTCQX:WHGOF) announced a plan to spin out six non-gold critical mineral properties into a new company, W2 Critical Minerals Corp (Spinco), with a distribution of one Spinco share for every five White Gold shares and White Gold retaining 19.9% of Spinco.
Spinco plans a private placement of up to $5.0M (20M subscription receipts at $0.25) and intends to apply to list on the TSXV; the Spin-Out is subject to regulatory, court and shareholder approvals.