White Gold Corp. Announces Fully Funded $6 Million 2022 Exploration Program on its District Scale Land Package, Yukon, Canada - Seite 2

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2022 Exploration Program Overview

Betty Property
The Betty property is strategically located in the southern part of the Company’s land package, approximately 15 km northeast of Western Copper and Gold Corporation’s (TSX: WRN, NYSE: WRN) Casino porphyry deposit (Measured & Indicated Resources of 14.5 Moz gold & 7.6 Blbs copper and Inferred Resources of 6.6 Moz gold and 3.3 Blb copper⁽⁴⁾) and 40 km east 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⁾). The property covers the eastern strike extension of the east-trending dextral strike-slip Coffee Creek Fault which exerts important structural controls on gold mineralization at the Coffee deposit.

Planned 2022 drilling at Betty includes a combination of diamond drilling, reverse circulation (RC) and rotary air blast (RAB) drilling on several prospective targets, the most notable being the Betty Ford and Mascot targets.

At Betty Ford, maiden diamond drilling in 2021 intersected a newly identified polylithic breccia unit that hosts significant near-surface gold mineralization (see Company news release dated Nov. 17, 2021, available on SEDAR). Hole BETFD21D001 intersected 1.17 g/t Au over 48.0m from 19.0m downhole, and hole BETFD21D003, located 100m to the east, intersected 3.46 g/t Au over 50.0m from 33.0 m downhole. This year additional diamond drilling and RC drilling will further evaluate the Betty Ford target to determine the extent and continuity of mineralization.

A maiden diamond drilling program is also planned at the Mascot target which is located approximately 5 km east-southeast of the Betty Ford. The Mascot area is underlain by intrusive rocks and covers a large cluster of gold soil geochemical anomalies measuring 4km E-W x 4km N-S. In 2012, previous operator Ethos Gold Corp. (“Ethos”) carried out an RC drilling program at Mascot, completing 61 holes totalling 7,132 m. Ethos’s drilling targeted gold soil anomalies with 50m sample spacings. In 2020 the Company carried out infill soil sampling at 25m spacings to better define the anomalies. Additionally, a new structural geological interpretation has helped to better identify structural controls on gold mineralization (see Company news release dated August 11, 2021, available on SEDAR). The 2022 diamond drilling will test 3 of the highest priority mineralized zones identified in the Ethos RC program, including the Page zone (2.62 g/t Au over 41.1 m in hole BETR12-022), the Boop zone (29.75 g/t Au over 3.10m in BETR12-012 and 2.19 g/t Au over 10.7 m in BETR12-014) and the Davis zone (1.48 g/t Au over 21.3 m in BETR12-007).