| White Gold Property Planned exploration work on the White Gold property is focused on drill testing targets at Ryan’s Surprise, Ulli’s Ridge and Minneapolis Creek. These targets are situated on a 6.5km long x 1.0m wide north-south trend of anomalous gold and arsenic in soils, located 2km west of the Company’s flagship Golden Saddle and Arc deposits which have a combined mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au which remain open for expansion. A diamond drill program comprising 2,651m in 8 holes has been completed at the Ryan’s Surprise and northernmost portion of the Ulli’s Ridge target (see Company News Release dated June 17, 2021). Diamond drilling at Ryan’s Surprise is testing for western strike and down-dip extensions of high-grade mineralization encountered in 2020 drilling which included 10.96 g/t Au over 3.76m in hole WHTRS20D017 and 8.69 g/t Au over 12.3m in hole WHTRS20D018. At Ulli’s Ridge, diamond drilling is testing for shallow mineralization associated with anomalous gold and arsenic in soil samples and to follow up on 2020 GT probe results which encountered a 25m wide zone (6 samples) averaging 2.119 g/t Au with a maximum value of 8.516 g/t Au. In addition, approximately 10 RAB holes are planned elsewhere to test shallow targets at Ulli’s Ridge and Minneapolis Creek. All assays for the program are pending and will be announced in due course. Betty Property The Betty property is strategically located 15km northeast of Western Copper and Gold Corporation’s (TSX: WRN, NYSE: WRN) Casino deposit which hosts mineral resources of 14.5 Moz gold & 7.1 Blbs copper Measured & Indicated and 6.6 Moz gold and 3.3 Blb copper Inferred, and 40km east of Newmont Corporation’s (NYSE: NEM, TSX: NGT) Coffee Gold deposit which host gold resources of 2.17 Moz Indicated & 0.50 Moz Inferred. A diamond drilling program comprising 2,000 to 2,500m in 10-12 holes has recently begun at the Betty Ford and Betty White targets. At Betty Ford, drilling will test the target over an approximately 500m strike length, including the zone which returned 1.08 g/t Au over 50.29m in 2018 RAB drilling. Nolan Property The Nolan property is located in the active Sixtymile placer gold camp which has produced over 500,000 ounces of placer gold to date, approximately 50km west of Dawson City, Yukon and 15km east of the Alaska border. Planned exploration work in 2021 on the Nolan property includes 1,200m of diamond drilling in 4 holes to test the Cali target, as well as ground surveys (geological mapping, IP-resistivity, GT Probe) on the Boucher and Mount Hart targets designed to advance these to the drill-ready stage. The Cali target forms a large 250m x 2.5km long northeast-trending multi-element (Au-As-Sb-Bi-Cu-Pb-Zn) soil anomaly, including maximum values of 515 ppb Au, 1436 ppm As, 2184 ppm Cu, 1225 ppm Pb and 2670 ppm Zn. The soil anomaly is located over footwall orthogneisses on the south side of the Sixtymile-Pika Fault. Widely spaced drill holes are planned to test an approximately 1km long segment of the soil anomaly. Bonanza Property The Bonanza property is located approximately 10km south of Dawson City adjacent to Bonanza Creek, which along with its tributary Eldorado Creek to the south, represent the richest placer gold mining creeks in the Yukon with over 5 Moz of gold produced to date. Infill soil geochemistry sampling in 2020 outlined multiple property-scale linear WNW- to NW-trending gold in soil anomalies, and a new structural geological interpretation based on airborne magnetics and electromagnetics (EM) and high-resolution drone LiDAR data, indicates that the soil anomalies are coincident with interpreted fault structures. The combined strike length of the multiple gold in soil anomalies and interpreted controlling structures exceeds 6km and remains untested by trenching and/or drilling. Existing targets on the Bonanza property will be refined and evaluated in 2021 through a systematic program of geological and structural mapping, GT Probe sampling, high-resolution induced polarization and resistivity surveys, followed by 3-4 RAB holes later in the season. Regional Program The 2021 regional exploration program will focus on a number of additional properties in White Gold Corp’s portfolio. Planned work includes geologic mapping and prospecting, detailed structural interpretations, soil sampling, GT probe sampling, LiDAR surveys and ground geophysics. All programs are designed to identify and advance targets in the Company’s continually expanding exploration pipeline. QV Property – VG Zone Resource Update The company has retained Arseneau Consulting Services of Vancouver, BC, to prepare an updated NI 43-101 mineral resource estimate for the VG deposit on the QV – Yellow property located 11km North of the Golden Saddle deposit. The current resource estimate, prepared in 2014 and considered historical in nature, hosts an Inferred gold resource of 230,000 ounces at 1.65 g/t Au. The update will incorporate additional data from 2017 diamond drilling and 2019 reverse circulation (RC) drilling programs. Note: All drill hole intercepts reported herein are core widths. Currently there is insufficient data to estimate true widths |
