White Gold Expands the High-Grade Core at Golden Saddle Deposit Intersecting 5.13 g/t Gold over 7.9m within 1.47g/t Gold over 38.1m and Significantly Extends the VG Deposit High-Grade Mineralization by 90m to 320m Down-Plunge Across 150m of Strike Length Intersecting 2.53g/t Gold over 18.9m
The new VG holes connect a historical intercept previously excluded from the resource because of a drilling gap.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
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.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointGolden Saddle’s high-grade core extended approximately 50 metres west within the resource pit shell.
- Moderate pointVG mineralization extended from approximately 230 to 320 metres down-plunge across approximately 150 metres of strike.
- Minor pointWHTGS26D0219 returned 1.47 g/t gold over 38.08 metres, including 5.13 g/t over 7.88 metres.
- Minor pointGolden Saddle hanging-wall drilling returned 1.16 g/t over 12.60 metres, supporting additional mineralized zones.
- Minor pointGolden Saddle footwall drilling returned 4.05 g/t over 1.97 metres.
5 minor points
- Minor pointQV26-026 returned 2.53 g/t over 18.90 metres and extended mineralization approximately 45 metres east of the current model.
- Minor pointQV26-024 returned 0.71 g/t over 38.45 metres, including 1.14 g/t over 6.18 metres.
- Minor pointVG drilling bridged an approximately 120-metre gap, connecting historical mineralization approximately 350 metres down-plunge.
- Minor point. Forward-looking: it has not happened yet and may not happen.The fully funded 2026 program targets deposit expansion and nearby discoveries.
- Minor pointAll four deposits remain open in multiple directions.
Negative
- Minor point. Forward-looking: it has not happened yet and may not happen.Potential VG resource extension from approximately 310 to 430 metres down-plunge requires an updated mineral resource estimate.
- Minor point. Forward-looking: it has not happened yet and may not happen.VG’s illustrated growth zone remains interpretive and requires future drilling.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - October 20, 2026) - White Gold Corp. (TSXV: WGO) (OTCQX: WHGOF) (FSE: 29W) ("White Gold" or the "Company") is pleased to announce results from the first diamond drill holes completed as part of the Company's fully funded 2026 exploration program at its flagship White Gold Project, located in the White Gold District of the Yukon, Canada (Figure 1). The initial assays from the 2026 drill program have intersected significant high grade gold mineralization in multiple lenses on both the Golden Saddle and VG deposits and successfully validate the Company's belief that these deposits remain open for continued growth that will further enhance its recently published robust Preliminary Economic Assessment (the "PEA") which delivered a C
Highlights
- Golden Saddle High-Grade Core Expanded ~50m: Hole WHTGS26D0219 intersected 1.47 g/t Au over 38.08m from 397.12m, including 5.13 g/t Au over 7.88m, extending the high-grade core of the main zone approximately 50m to the west, at a vertical depth of 300m - well within the resource pit shell (Figure 4). This hole also builds on the success of WHTGS25D0216 drilled in 2025 which also successfully expanded high-grade gold mineralization, returning 3.23 g/t Au over 56.10 m at a vertical depth of 350m and was not included in the current resource or PEA.
- Golden Saddle Additional Zones: The same hole WHTGS26D0219 also returned 1.16 g/t Au over 12.60m in the shallow hanging wall mineralization from 140.5m, and 4.05 g/t Au over 1.97m in the footwall, expanding and highlighting the continued potential for stacked zones above and below the main zone.
- VG Mineralization Extended from 230m to 320m Down-Plunge: Hole QV26-026 intersected 2.53 g/t Au over 18.90m from 172.1m, and hole QV26-024 intersected 0.71 g/t Au over 38.45m, including 1.14 g/t Au over 6.18m. Together these holes extend drilled mineralization at VG well beyond the previous deepest intercept in QV13-010 and beyond the limits of the current mineral resource estimate, over a strike length of approximately 150m (Figure 3).
- VG Historical High-grade Intercept Now Connected to Resource: The 2026 holes importantly also bridge an approximately 120m gap to historical hole QV13-011 which returned 2.43 g/t Au over 21.36m, including 3.40 g/t Au over 12.54m(1) establishing continuity of mineralization at VG to approximately 350m down-plunge, which remains open.
- Outlook: All four deposits of the White Gold Project remain open in multiple directions. Results from these holes will be incorporated into future mineral resource updates. Assays are pending from 49 additional diamond drill holes from the 2026 program designed to expand the know deposits and make new discoveries in close proximity, and will be released with additional detail in due course.
"Further to the very strong PEA recently released, these initial results are another major accomplishment in our goal of making 2026 a transformative year for White Gold Corp. Successfully intersecting high grade gold in multiple areas validates our conviction that the White Gold Project has the potential to continue to grow substantially and that we are in the early days of demonstrating the abundant mineralization at the White Gold Project and across our truly district scale land package in the prolific White Gold District. With these early results and our observations on the additional holes drilled in 2026, we are very optimistic about the potential for meaningful additional growth and look forward to all the additional results from this significantly larger program," stated David D'Onofrio, Chief Executive Officer.
"These results continue to show the significant growth potential of our flagship White Gold Project," stated Donovan Politt, President and Director. "At Golden Saddle, hole 219 has expanded the high-grade core of the Main Zone by about 50 metres, which supports our view that this is one of the highest-grade undeveloped open-pitable gold deposits in Canada. At VG, the 2026 holes to date have already pushed mineralization well beyond the footprint of its current resource while also intersecting grades higher than many historical holes at similar elevations, with more holes to come. Just as importantly, they also bridge the gap to the high-grade intercept in QV13-011, which takes drilled mineralization at VG to about 350 meters down-plunge. VG is growing, and we see it as a significant source of potential new high-grade ounces for our next resource update. With every deposit still open, and a lot more results to come, we look forward to building on this momentum as we continue to grow ounces across the project."
"Similar to the idea behind hole 216 in 2025, hole 219 in 2026 was designed to test the western extent of the high-grade core at Golden Saddle, and it delivered both strong grade and width where the model predicted," stated Dylan Langille, Vice President of Exploration. "This positive result further validates the technical team's interpretations of structures and controls on high-grade ore shoots and overall mineralization. At VG, holes QV26-024 and QV26-026 confirm that mineralization continues further down-plunge and bridge a gap of approximately 120 metres to the historical QV13-011 intercept which is not in the current resource.
Figure 1: White Gold Corp. Property Portfolio
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Figure 2 - Drill Plan Collar Map (White Property)
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Figure 3 - Drill Plan Collar Map (QV Property)
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The White Gold Project
The Company's flagship White Gold project hosts four near-surface gold deposits (The Golden Saddle, Arc, Ryan's Surprise & VG Deposits) which collectively contain a resource estimate of 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 grams per tonne gold) and 1,265,900 ounces of gold in inferred resources (32.3 million tonnes grading 1.22 g/t Au) (see the Company's news release dated October 6, 2025)(1). The 2026 Diamond Drill program was designed to drilled each of these deposits and new targets in close proximity to demonstrate the continued growth potential. Initial results from the Golden Saddle and VG deposits are reported in this press release.
Golden Saddle Deposit Drill Results
Hole WHTGS26D0219 was drilled at an azimuth of 161.6° and a dip of -57.7° to a final depth of 777.3 m to test the western extension of the high-grade core of the Golden Saddle Main Zone. The hole intersected 1.47 g/t Au over 38.08 m from 397.12 m depth, including 5.13 g/t Au over 7.88 m, with a higher-grade core of 10.48 g/t Au over 2.88 m (Figure 4). The intercept extends the high-grade (greater than 5 g/t Au) core of the Main Zone approximately 50 m to the west and is expected to extend and upgrade the surrounding blocks within the current mineral resource model. The main zone intercept is hosted in intensely sericite-silica altered and brecciated felsic orthogneiss with gold hosted in quartz-pyrite veins (Figure 6). The high-grade core coincides with the most strongly veined portion of the zone, comprising the strongest pyrite mineralization disseminations, along fractures, and on vein margins.
Figure 4 - Golden Saddle Long Section through High-Grade Main Zone
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Figure 6 - Core photos hole WHTGS26D0219 with assays marked
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Above the Main Zone, hole WHTGS26D0219 intersected several hanging wall zones, including 1.16 g/t Au over 12.60 m from 140.50 m and 1.36 g/t Au over 2.50 m from 196.00 m. The hanging wall zones occur within hematite and sericite altered biotite-feldspar-quartz gneiss cut by pyrite-bearing quartz veins. Below the Main Zone, the hole intersected two footwall intervals: 0.61 g/t Au over 10.80 m from 635.00 m and 4.05 g/t Au over 1.97 m from 657.40 m. The 4.05 g/t Au interval corresponds to the footwall breccia, an intensely silicified, dark grey to black, clast-supported breccia hosted in a strongly sericite-carbonate altered, quartz-rich felsic unit with graphite-filled fractures (Figure 5). All intervals are shown in Table 1.
Figure 5 - Golden Saddle Cross Section hole WHTGS26D0219
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VG Deposit Drill Results
The 2026 drilling at VG was designed to test the down-plunge continuity of the deposit beyond the limits of the current mineral resource estimate (Figure 7). Prior to this program, the deepest intercept within the VG deposit block model was in hole QV13-010, approximately 230m down-plunge from surface. Historical hole QV13-011 intersected 2.43 g/t Au over 21.36 m, including 3.40 g/t Au over 12.54 m ⁽¹⁾, approximately 350 m down-plunge. However, an approximately 120 m gap in the drilling left QV13-011 isolated from the modelled mineralization and as such it was excluded in the resource. The 2026 holes were designed to test this gap and successfully intersected broad zones of gold mineralization well beyond the 230m limit. QV26-026 intersected 2.53 g/t Au over 18.90 m from 172.10 m, including 4.27 g/t Au over 2.43 m and 4.57 g/t Au over 1.84m, approximately 320 m down-plunge. This interval is higher grade than many historical holes at a similar elevation, demonstrating the continuation of strong grades at depth. It also extends the mineralization approximately 45m east of the current block model. QV26-024, collared about 175m to the west, intersected an upper interval of 0.64 g/t Au over 3.32 m from 201.70 m, followed by 0.71 g/t Au over 38.45 m from 244.55 m, including 1.14 g/t Au over 6.18 m, approximately 300 m down-plunge. Together, the two holes extend continuous mineralization at VG from approximately 230m to 320m down-plunge over a strike length of approximately 150m.
Figure 7 - 3D View of the VG Deposit and 2026 drill results
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In hole QV26-026, mineralization is hosted in strongly sericite-chlorite-silica altered biotite-feldspar-quartz gneiss cut by abundant quartz carbonate veins and veinlets, with 1
Figure 8 - Core photos hole QV26-026 with assays marked
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With the gap now drilled, QV13-011 can be tied into the VG geological model, establishing continuity of mineralization from approximately 230 m to 350 m down-plunge. Based on the search parameters used in the current mineral resource estimate, this has the potential to extend the VG resource from approximately 310 m to 430 m down-plunge, subject to an updated mineral resource estimate. VG remains open down-plunge. The growth zone shown in Figure 7 is interpretive and will be tested by future drilling and incorporated into future mineral resource updates.
Table 1: Highlighted Drill Intervals
| Hole ID | From (m) | To (m) | Length (m)⁽²⁾ | Au (g/t) | Zone / Comment |
| Golden Saddle - WHTGS26D0219 | |||||
| WHTGS26D0219 | 48.50 | 50.00 | 1.50 | 0.59 | Hanging Wall |
| 65.00 | 66.50 | 1.50 | 0.87 | Hanging Wall | |
| 140.50 | 153.10 | 12.60 | 1.16 | Hanging Wall | |
| 196.00 | 198.50 | 2.50 | 1.36 | Hanging Wall | |
| 289.27 | 294.00 | 4.73 | 0.39 | Hanging Wall | |
| 397.12 | 435.20 | 38.08 | 1.47 | Main Zone | |
| incl. | 397.70 | 405.58 | 7.88 | 5.13 | Main Zone - high-grade core |
| incl. | 402.70 | 405.58 | 2.88 | 10.48 | Main Zone - high-grade core |
| 462.10 | 463.00 | 0.90 | 0.64 | Footwall | |
| 488.55 | 489.35 | 0.80 | 0.68 | Footwall | |
| 559.30 | 560.10 | 0.80 | 0.50 | Footwall | |
| 563.10 | 563.94 | 0.84 | 0.47 | Footwall | |
| 635.00 | 645.80 | 10.80 | 0.61 | Footwall | |
| 657.40 | 659.37 | 1.97 | 4.05 | Footwall | |
| 671.40 | 672.44 | 1.04 | 0.96 | Footwall | |
| VG Deposit | |||||
| QV26-026 | 172.10 | 191.00 | 18.90 | 2.53 | Down-plunge extension |
| incl. | 172.10 | 174.53 | 2.43 | 4.27 | |
| and | 178.16 | 180.00 | 1.84 | 4.57 | |
| QV26-024 | 201.70 | 205.02 | 3.32 | 0.64 | |
| 244.55 | 283.00 | 38.45 | 0.71 | Down-plunge extension | |
| incl. | 270.02 | 276.20 | 6.18 | 1.14 | |
| QV13-011 ⁽¹⁾ | 218.24 | 239.60 | 21.36 | 2.43 | Historical (2013) - tied in |
| incl. | 218.24 | 230.78 | 12.54 | 3.40 | Historical (2013) |
(2) Reported intervals are core lengths. True widths are estimated at 80-95 % of core length at Golden Saddle and 90-95 % at VG.
Table 2: Drill Collar Information
| Hole ID | Deposit | Easting (m) | Northing (m) | Elevation (m) | Azimuth (°) | Dip (°) | Depth (m) |
| WHTGS26D0219 | Golden Saddle | 576216 | 7005606 | 926 | 161.6 | -57.7 | 773 |
| QV26-024 | VG | 574274 | 7016341 | 571 | 136.8 | -58.5 | 346 |
| QV26-026 | VG | 574438 | 7016404 | 533 | 160.4 | -58.6 | 305 |
| QV13-011 ⁽¹⁾ | VG (historical) | 574366 | 7016360 | 546 | 160 | -75 | 300.53 |
(1) Historical drill hole QV13-011 was completed by Comstock Metals Ltd. in 2013. Results were previously disclosed in the NI 43-101 Technical Report on the QV Project, White Gold District, Yukon Territory (Pautler and Shahkar, effective June 30, 2014), as 1.36 g/t Au over 42.6 m. The interval reported in this release was calculated by the Company from the original assay data contained in the Company's drill hole database, which was also used for the August 19, 2025, Mineral Resource Estimate. Historical intervals are reported as core lengths. The QP has verified the historical data by [reviewing the original drill logs and assay certificates] and considers it reliable for the purposes of this disclosure.
Analytical Methods & QA/QC
Diamond drilling on the White Gold Property consisted of NQ size drill core, which was cut in half on site using a diamond saw. Analytical work on the half core was performed by Bureau Veritas, an internationally recognized analytical services provider, at its South Vancouver, British Columbia laboratory. Sample preparation was carried out at its Whitehorse, Yukon prep facility and then shipped to BV's Vancouver, BC facility for analysis. All diamond drill core samples were prepared using the PRP70-250 package, where samples are weighed, dried, and crushed to greater than
The work was completed using industry standard procedures, including a quality assurance/quality control ("QA/QC") program consisting of insertion of standard, blank, and duplicate samples into the sample stream. BV also runs a comprehensive QA/QC program of standards, duplicates, and blanks within each sample stream.
Golden Saddle Deposit
The Golden Saddle contains an open-pit resource of 1.614 M oz Indicated (31.03 Mt @ 1.62 g/t Au) and 268.7 k oz Inferred (7.84 Mt @ 1.07 g/t Au) defined by 210 drill holes for a total of approximately 61,000 meters (1)(2). In 2026 we completed 6,451 m from 12 drill holes, representing a
VG Deposit
The VG deposit comprises 296,000 oz Inferred (6.285 Mt @ 1.46 g/t Au) defined by 65 drill holes for a total of approximately 7,600 meters (1)(2). In 2026 we completed 2909.3 metres from 9 holes, representing a roughly
Ryan's Surprise
The mineralization footprint at the Ryan's Surprise deposit measures approximately 550 m north-south by 500 m east-west to a vertical depth of 650 m and remains open along strike and at depth. To date, the Ryan's Surprise deposit contains 280,300 oz Inferred (5.693 Mt @ 1.53 g/t Au) defined by 35 drill holes for a total of approximately 8,370 meters (1)(2). In 2026 we completed 4823.4 metres from 15 holes, representing a roughly
Arc Deposit
The Arc deposit contains 115,800 oz Indicated (4.113 Mt @ 0.88 g/t Au) and 397,000 oz Inferred (12.25 Mt @ 1.01 g/t) across a 1.5 km strike length and down to an average vertical depth of approximately 100 m defined by 73 drill holes for a total of approximately 15,000 m (1)(2). Limited drilling on mineralization, particularly below 120 m vertical, presents a significant potential growth opportunity to add additional ounces to the mineral resource estimate in additional to expansion in other directions. In 2026 we completed 1029 metres from 4 holes, representing a roughly
2026 Drill Program - Near Resource Discovery Opportunities
Multiple days of prospecting and mapping have been completed to further evaluate discovery stage targets across the White property identified with a combination of geophysics, elevated Au in soil anomalies, regional structural mapping, and surface geochemistry signatures. A large suite of hand specimens has been collected and sent to the lab for analysis.
Golden Saddle 2.0
The Golden Saddle 2.0 target represents one of the highest-priority near-resource growth opportunities on the White Gold Project. Located approximately 2.5 km east-southeast of the Golden Saddle deposits, this target sits on the south side of the east-west strike-slip sinistral fault that acts as a primary structural control on the Golden Saddle and Arc deposits (Figure X).
Extensive spatial and geophysical analysis reveals that Golden Saddle 2.0 possesses a geological and geophysical signature remarkably similar to Golden Saddle. The target is defined by distorted, high-gradient magnetic signature where north-south trending magnetic lineaments - interpreted as thrust faults - intersect the main east-west sinistral fault. This fault-intersection geometry creates a classic dilatational "sweet spot" for orogenic gold mineralization, characterized by near-fault brecciation and a low-pressure environment ideal for fluid flow and gold precipitation. The area is further supported by mapped ultramafic units and a robust gold-in-soil anomaly that trends east west, like Golden Saddle. Collected 2026 rock samples demonstrated a suite of lithologies, alterations, structural fabrics, and mineralization compared to the Golden Saddle deposit, which refined drill targeting in 2026. Nine holes totalling 2,643.95 metres were drilled across the target area with assays still pending.
VG East Target
Situated roughly 1.3 km ENE of the currently defined nearly 300,000-ounce Au VG Deposit, this target sits on the south side of the same structure responsible for the mineralization seen at VG. A 500-meter by 200-meter-high Au-in-soil anomaly that remains yet to be drilled. Current interpretation suggests faulting potentially displaced a portion of the VG deposit to the East. Four holes totalling 953 m were drilled at VG East in 2026, the first drilling on this target; assays are pending.
Qualified Person
Dylan Langille, P.Geo. and Vice President of Exploration for the Company is a "qualified person" as defined under National Instrument 43-101 - Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release.
About White Gold Corp.
The Company owns a portfolio of 15,364 quartz claims across 19 properties covering 303,001 hectares (3,030 km²) representing approximately
(1) See White Gold Corp. technical report titled "2025 Technical Report for the White Gold Project, Dawson Range, Yukon, Canada", Effective Date August 19, 2025, Report Date August 19, 2025, NI 43-101 Compliant Technical Report prepared by Gilles Arseneau, P.Geo., available on SEDAR+.
(2) All numbers are rounded. Overall numbers may not be exact due to rounding.
(3) See Fuerte Metals press release titled "Fuerte Announces Transformational Acquisition of the Coffee Project from Newmont Corporation" dated September 15, 2025.
(4) See Western Copper and Gold Corporation technical report titled "Casino project, Form 43-101F1 Technical Report Feasibility Study, Yukon Canada", Effective Date June 13, 2022, Issue Date August 8, 2022, NI 43-101 Compliant Technical Report prepared by Daniel Roth, PE, P.Eng., Mike Hester, F Aus IMM, John M. Marek, P.E., Laurie M. Tahija, MMSA-QP, Carl Schulze, P.Geo., Daniel Friedman, P.Eng., Scott Weston, P.Geo., available on SEDAR+.
(5) See White Gold Corp. technical report titled "Preliminary Economic Assessment, White Gold Project, Yukon" Effective Date November 1, 2025, Report Date September 24, 2026 NI-43101 Compliant Technical Report prepared by Brandon Chambers, P.Eng., Tad Crowie, P.Eng., Tysen Hantelmann, P.Eng., Michael Levy, P.E., Gilles Arseneau, P.Geo., Danial Ruane, P.Eng., available on SEDAR+.
PEA Cautionary Statement: The reader is advised that the PEA summarized in this news release is only a conceptual study of the potential viability of the White Gold Project, and the economic and technical viability of the White Gold Project and its estimated Mineral Resources has not been demonstrated. The PEA is preliminary in nature and provides only an initial, high-level review of the White Gold Project's potential and design options; there is no certainty that the PEA will be realized. The PEA conceptual mine plan and economic model include numerous assumptions and Mineral Resource estimates including Inferred Mineral Resource estimates. Inferred Mineral Resource estimates are considered to be too speculative geologically to have any economic considerations applied to such estimates. There is no guarantee that Inferred Mineral Resource estimates will be converted to Indicated or Measured Mineral Resources, or that Indicated or Measured Mineral Resources can be converted to Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability, and as such there is no guarantee the White Gold Project economics described herein will be achieved.
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; 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 United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described under the heading "Risks Factors" in the Company's annual information form dated July 29, 2020 available on SEDAR+. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
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
White Gold Corp.
(647) 930-1880
ir@whitegoldcorp.ca
Request Meeting: https://calendly.com/meet-with-wgo/15min
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319915
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did White Gold’s Golden Saddle drilling intersect?
Hole WHTGS26D0219 intersected 1.47 g/t gold over 38.08 metres, including 5.13 g/t over 7.88 metres. The result extends the high-grade core approximately 50 metres west at a vertical depth of 300 metres, within the resource pit shell.
How far did White Gold extend mineralization at VG?
The new holes extended continuous mineralization from approximately 230 to 320 metres down-plunge over approximately 150 metres of strike. They also bridged the gap to historical hole QV13-011, establishing continuity to approximately 350 metres down-plunge.
Are White Gold’s reported drill intervals true widths?
The reported intervals are core lengths, rather than true widths. True widths are estimated at 80–95% of core length at Golden Saddle and 90–95% at VG.
What could the VG drilling mean for White Gold’s resource estimate?
The company identifies potential to extend the VG resource from approximately 310 to 430 metres down-plunge, subject to an updated mineral resource estimate. This potential extension uses the current estimate’s search parameters; the illustrated growth zone remains interpretive and will be tested by future drilling.