321 0 Kommentare White Gold Corp. Announces Fully Funded $6 Million 2022 Exploration Program on its District Scale Land Package, Yukon, Canada

TORONTO, May 18, 2022 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce plans for the 2022 exploration program on its district scale 350,000 hectare land package, representing over 40% of the emerging White Gold District in Yukon, Canada. The 2022 program is designed to further evaluate targets on the Betty and White Gold properties to follow up on 2021 exploration which continued to produce very encouraging results as well as to perform maiden drill testing on several other targets. A significant early-stage regional exploration program is also planned to identify and advance other targets on the Company’s extensive and under explored land package. The 2022 $6 million program is fully funded and is scheduled to commence in the coming weeks, with additional detail on the various components of the program to be released in due course.

A district scale map outlining the Company’s 2022 exploration work areas (Figure 1) as well as more detailed figures of key work areas can be found at https://whitegoldcorp.ca/investors/exploration-highlights/.

“We expect 2022 to be another exciting year for White Gold as we build on the success of our 2021 program where we made a very significant new high-grade gold discovery on our Betty property and continued to expand the large footprint of mineralization at the Ryan’s Surprise/Ulli’s Ridge Zones. These results further demonstrate the expansiveness of gold mineralization in the White Gold district and the potential for continuing to increase our significant defined gold resources. In 2022 we have designed a very impactful program to further diamond drill test these recent high-grade gold discoveries as well as advance other high-priority targets across our expansive and underexplored land package. Extensive review and analysis performed in the off-season has also provided insightful new interpretations on several projects which we are excited to integrate into our methodical program,” stated David D’Onofrio, Chief Executive Officer

Highlights Include:

7,500m of drilling, including 5,000m of diamond drilling, 1,000m of reverse circulation (RC) drilling and 1,500m of rotary air blast (RAB) drilling.
Drilling at the Betty Ford target will test for extensions of the near surface breccia-hosted high grade gold zone, where 2021 maiden diamond drilling intersected 3.46 g/t Au over 50.0m in hole BETFD21D003 and 1.17 g/t Au over 48.0m in hole BETFD21D001 (Figure 2).
Maiden diamond drilling at the Mascot target, 5km east of the Betty Ford discovery to test mineralized zones identified in historical RC drilling which included 2.62 g/t Au over 41.1m in hole BETR12-022 at the Page zone, 29.75 g/t Au over 3.10m in BETR12-012 and 2.19 g/t Au over 10.7m in BETR12-014 at the Boop zone, and 1.48 g/t Au over 21.3m in BETR12-007 at the Davis zone.
Additional prospective targets at the Betty property will be tested with RC and RAB drilling.
Diamond drilling on the White Gold property will be focused on the Ryan’s Surprise and Ulli’s Ridge target area (Figure 3). Drilling will be carried out to test the gap area between Ryan’s Surprise and Ulli’s Ridge to determine if they are part of the same mineralized zone and to further test the high-grade gold discovery at Ulli’s Ridge where 2021 maiden diamond drilling intersected 6.94 g/t Au over 19.5 m in hole WHTULR21D004.
Focused prospecting will be carried out along the 6.5 km long NNW gold and arsenic soil geochemical trend (Ryan’s Trend) located 2km west of Golden Saddle, with plans to test high priority anomalies with RAB drilling.
A regional early-stage exploration program based on the Company’s proven methodologies will include 10 properties with the goal of identifying and defining new targets.
Further details on the 2022 drilling and other exploration programs will be announced in the coming weeks and months in respect of the different components of the programs.