White Gold Corp. Encounters Broad Near Surface Gold-Bearing Structure with High Density Quartz Veining in All Holes on Newly Discovered 2.2 km+ Chris Creek Gold Target
February 27, 2025
White Gold Corp. Encounters Broad Near Surface Gold-Bearing Structure
with High Density Quartz Veining in All Holes on Newly Discovered 2.2 km+
Chris Creek Gold Target
TORONTO, February 27, 202 5 – White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W ) (the "Company")
announces results of 2024 exploration diamond drilling programs at the QV and Betty properties located in the White
Gold District, west-central Yukon, Canada. The initial diamond drilling program at the Chris Creek target encountered
a broad near surface gold-bearing structure injected with high density quartz veining and silica flooding . The Chris
Creek target is located in close proximity to the Company’s flagship White Gold project which includes 17.6 million
tonnes averaging 2.12 g/t Au for 1,203,000 ounces of gold in the Indicated Resource category and 24.4 million tonnes
averaging 1.42 g/t Au for 1,116,600 ounces of gold in the Inferred Resource category (1).
A detailed video overview by Management of the 2024 Chris Creek diamond drilling results can be found here:
https://www.youtube.com/watch?v=4TTgRhtYQpM
“The drill results on the grass roots Chris Creek target successfully confirmed the presence of a thick zone of gold
mineralization in a favourable host rock over the 400 m strike length tested on this newly discovered and very large
target, which has been now been traced for more than 2.2 km and remains open for expansion, with the highest
gold-in-soil values to date encountered right on the western edge of the target. Its close proximity and similarities
to our flagship Golden Saddle deposit make it a very interesting opportunity. Furthermore, the target forms part of
a larger 5.2 km mineralized trend which hosts other prospective targets that have seen minimal exploration and no
drilling to date. The Chris Creek target is just one of numerous grass roots gold and critical mineral targets in our
district scale portfolio complimenting our robust flagship deposit which is one of the highest -grade open pit gold
resources in Canada o f its size or greater owned by an exploration company . We look forward to continuing to
advance this target, amongst our other targets to fully unlock the gold and critical mineral potential in this prolific
district,” stated David D’Onofrio, CEO.
“We are encouraged with this initial round of shallow drilling at the Chris Creek target” stated Terry Brace, VP
Exploration. “Our technical team is particularly impressed by the apparent size of the target in terms of strike
length, thickness and continui ty, as well as the density of quartz veining and silicification within the brittlely
deformed intrusive host rocks. The target warrants additional drill testing with a goal of identifying areas of
additional higher-grade gold mineralization.”
At the QV property, a maiden diamond drilling program comprising six holes totaling 1,082 m tested an
approximately 400 m strike length of the near surface portion of the recently discovered Chris Creek gold target
which has a soil geochemical signature similar to the Golden Saddle and VG deposits. At the Betty property, six holes
totaling 1,130.8 m tested three separate gold targets – Black Betty, Betty White East and Betty Ford (Figure 1).
Maps and images accompanying this news release can be found at http://whitegoldcorp.ca/investors/exploration-
highlights/.
Highlights:
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QV Property, Chris Creek Target
- 6 shallow diamond drill holes totaling 1,082 m were drilled at the Chris Creek target, testing an approximately
400 m strike length of the gold-in-soil anomaly which measures 2.2 km+ long and is open along strike to the
east and west.
- All holes intersected gold mineralization within a gently dipping near surface broad brittle fractured structure
up to approximately 50 m in width with associated stockwork quartz – tourmaline and carbonate – hematite
veins/veinlets within potassically altered monzogranite intrusive host rocks, which remains open to the east,
west and at depth.
- Anomalous silver and tellurium are associated with gold, which represents a geochemical signature similar
to the VG and Golden Saddle deposits which both form part of the Company’s flagship White Gold Project.
- Initial drilling indicates the gold mineralized zone has continuity both along strike and down-dip and is open
in all directions.
- Future work will focus on following up and expanding exploration on this newly discovered target to identify
regions of the structure hosting high-grade gold lodes.
- The Chris Creek target forms part of a larger property -scale mineralized system on the QV property which
measures 5.2 km+ in strike, with multiple other prospective targets which have not been drill tested.
Betty Property
- 6 diamond drill holes totaling 1,130.8 m were drilled on the Betty property, testing three separate targets,
including Black Betty , Betty White East and Betty Ford.
- Drilling at Black Betty and Betty White East confirmed the structural interpretation with holes intersecting
numerous faults, shear and breccia zones.
Regional Program
- Regional explorational results for several of the Company’s critical mineral targets to be released in due
course.
- The Company’s is currently p reparing its fully funded 2025 exploration program to follow up on the
successful exploration results to date and test new targets with details to be released once finalized.
PDAC 2025
White Gold Corp. will be exhibiting at PDAC 2025 Investors Exchange. Conference attendees are invited to visit the
Company booth to learn more and ask any questions they may have. Management is also participating in the PDAC
One on One Meeting Program. Interested parties are encouraged to book a meeting through the conference
website.
Booth Number: 2312
Dates: March 2nd to 5th, 2025
Exhibition Hours: 10 a.m. to 5 p.m. ET
One on One Meetings: https://www.precioussummit.com/events/pdac-2025-one-on-one-meeting-program/
QV Property
QV Property Prospectivity
The QV property comprises 1003 quartz claims which cover an area of 19,671 hectares and hosts the Company’s VG
deposit. The presently defined Chris Creek target sits in the western region of a broader trend (The Chris Creek Trend)
that extends 5.2 km east-northeast, beginning at Chris Creek and passing through the Diego target towards the Tetra
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target. Claims to the east of Diego target were strategically staked in 2023 due to its representation as a continuation
and extension of the Chris Creek and Diego anomalies, providing continuity of the trend to the Company. The
geochemical anomaly at Tetra is primarily Mo-Au and is bisected by a major west-northwest trending magnetic low,
which runs subparallel to a large, mapped occurrence of early Jurassic-aged Long Lake Suite granodioritic intrusives.
The entire trend follows a major fault identified th rough Lidar and is highlighted by anomalous mercury (Hg) along
its length.
In addition to targets situated along the Chris Creek trend, the property also hosts several other prospective targets
which have received limited exploration work and offer potential for additional discoveries including the Stewart and
Shadow targets which have seen limited exploration and no drilling to date. The Stewart target occurs adjacent to a
Jurassic intrusive is located 5km N-NW of the VG deposit and consists of a 1.5km E-W trending gold in soil anomaly,
with values from trace to 274.1 ppb Au and anomalous Bi-Ag-Te-Mo. The Shadow target is located 12 km north of
the VG zone and consists of multiple gold in soil anomalies, ranging from trace to 514ppb Au and is 2.7km long with
association to a series of NW and ENE trending structures and strongly an omalous Ag-Pb-Bi+/-As+/-Mo. The Tetra
target occurs on the Chris Creek Trend, along an interpreted E -W oriented fault and is located 8km N of the VG,
consists of a 1.5km E -W trending gold in soil anomaly with values from trace to 151.5 ppb Au and remains i s open
and unexplored to the west.
Chris Creek Target
The Chris Creek target forms a 2.2 km+ long east-northeast trending gold-in-soil anomaly, located approximately 9
km northwest of the VG deposit and appears to be similar geochemically to the Company’s VG and Golden Saddle
deposits. The anomaly was originally identified in 2023 and follow-up exploration work early in the 2024 field season
included infill and extension soil sampling, rock sampling, and 2D inversions of ground VLF -EM survey lines (see
Company News Release dated September 26, 2024). These surveys were carried out to better define the target prior
to initial diamond drill testing.
The maiden 2024 diamond drilling program at the Chris Creek target consisted of 6 holes totalling 1,082 m (Figure
2). Generally, holes were drilled to the SSE (160° azimuth) at a dip of -50°, and drilled to a maximum hole length of
251 m. A summary of assay results and drill collar details are provided in Tables 1 and 2, respectively.
Initial drilling at the Chris Creek target has identified a gold mineralized zone associated with stockwork veining
within potassically altered monzogranite intrusive host rocks. The zone dips moderately (30°) to the NNW and
appears to have continuity both along s trike and down -dip. Additional diamond drilling is being planned for the
upcoming season to follow up on the very encouraging results from the 2024 maiden program.
The first three holes of the program, QVCCK24D001 to QVCCK24D003, were drilled on a single cross -section to
confirm the interpretation of a moderately NNW-dipping mineralized zone (Figure 3). QVCCK24D001 intersected two
separate broad zones of gold mineralization in the upper part of the hole, including 0.31 g/t over 20.29 m from 5.61
m downhole and 0.60 g/t Au over 17.85 m from 39.90 m. Another mineralized interval in the footwall returned 0.58
g/t Au over 7.65 m. QVCCK24D002 was drilled from the same drill pad at a steeper dip ( -75°) to confirm the dip of
the zone . QVCCK24D002 intersected 0.46 g/t Au over 47.60 m from 6.70 m downhole , including a higher -grade
subinterval of 1.43 g/t Au over 4.00 m (see Photo 1) and validated the dip interpretation. QVCCK24D003 was collared
approximately 100 m behind holes D001 and D002, intersecting the mineralized zone a further 75 m down -dip.
QVCCK24D003 intersected 0.68 g/t Au over 16.35 m from 52.00 m downhole, including a higher-grade subinterval
of 1.36 g/t Au over 5.90 m from 60.35 m.
Hole QVCCK24D004 was drilled approximately 130 m east of holes D001 and D002 and intersected gold in the upper
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half of the hole, grading 0.15 g/t Au over 72.15 m from 23.10 m downhole. QVCCK24D005, the easternmost hole
drilled, intersected 0.31 g/t Au over 20.75 m from 55.85 m. Hole QVCCK24D006 was drilled approximately 175 m
west of holes D001 and D002, and intersected 0.45 g/t Au over 12.75 m from 38.50 m downhole.
Maiden 2024 diamond drilling at Chris Creek has identified a broad zone of gold mineralization dipping moderately
(30°) to the NNW. Gold mineralization is primarily associated with stockwork quartz – tourmaline and carbonate –
hematite veins/veinlets hosted within potassically altered hanging wall monzogranite intrusive host rocks. The base
of the gold mineralization is marked by a sulphide breccia which occurs at the hanging wall - footwall contact. The
breccia consists of 5-20 m thick leached monzogranite crackle breccia with a fine to very fine grained sooty grey
pyrite matrix. The unit is consistently bounded at its upper and lower contacts by narrow graphitic faults ranging in
thickness from 0.10 - 1.0 m. Anomalous silver (Ag) and tellurium (Te) are associated with gold, with silver ranging
from 0.9 -2.4 g/t Ag and tellurium from 0.4 -1.6 ppm Te within the mineralized intervals. The highest silver and
tellurium values are within the footwall mineralized zone intersected in hole QVCCK24D001 which returned 0.58 g/t
Au, 6.73 g/t Ag and 3.84 ppm Te over 7.65 m from 102.8 m downhole.
Table 1. Highlights of 2024 Maiden Diamond Drilling Gold Assay Results for the Chris Creek Target.
Hole ID From (m) To (m) Length (m)* Au (g/t)
QVCCK24D001 5.61 25.90 20.29 0.31
and 39.90 57.75 17.85 0.60
and 102.80 110.45 7.65 0.58
QVCCK24D002 6.70 54.30 47.60 0.46
incl. 19.00 23.00 4.00 1.43
QVCCK24D003 52.00 68.35 16.35 0.68
incl. 60.35 66.25 5.90 1.36
QVCCK24D004 23.10 95.25 72.15 0.15
QVCCK24D005 55.85 76.60 20.75 0.31
QVCCK24D006 38.50 51.25 12.75 0.45
incl. 43.00 48.00 5.00 0.79
* Estimated true widths are 100% (D001, D003 to D006) to 90% (hole D002) of core lengths.
Betty Property
The Betty property is contiguous to and located approximately 40 km east of Newmont Corporation’s (NYSE: NEM,
TSX: NGT) Coffee gold deposit (Measured and Indicated Resources of 2.1 Moz gold at 1.28 g/t Au and Inferred
Resources of 0.2 Moz gold at 1.04 g/t Au (2)) and 15 km northeast of Western Copper and Gold Corporation’s (TSX:
WRN, NYSE: WRN) Casino porphyry deposit (Measured & Indicated Resources of 7.6 Blbs copper and 14.8 Moz gold
and Inferred Resources of 3.1 Blb copper and 6.3 Moz gold(3)).
At the Betty property, three targets of the several identified targets on the property were selected for diamond drill
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testing following a prospectivity analysis and ranking of orogenic gold targets : 1) Black Betty; 2) Betty White East;
and 3) Betty Ford (Figure 4). Six holes totalling 1,130.8 m were drilled. A summary of drill collar details is provided in
Table 2. Results for each target is provided below. Further testing of these and the other targets on the Betty property
is being analyzed as part of the ongoing going exploration planning.
Black Betty
The Black Betty target forms a 700 m -long gold-in-soil anomaly with locally coincident anomalous copper – arsenic
– bismuth in soils. The target is located in the western part of the Betty property and immediately overlies the Coffee
Creek Fault (CCF), along with second-order NW-trending splays of the CCF. Previous field mapping suggests that gold
is hosted within strongly quartz -sericite altered felsic augen gneiss, indicating potential for orogenic gold -hosted
mineralization. Historical RAB drilling has been undertaken at the Black Betty target; however, the holes were unable
to reach their target depths due to poor ground conditions.
Two holes totalling 400.0 m were drilled at Black Betty, with both holes drilled to the SSW (210° azimuth) at a dip of
-50°. Hole BETBLK24D001 tested a northwest-striking secondary fault splay of the CCF associated with a prominent
linear magnetic low anomaly, interpreted to possibly represent magnetite destruction related to hydrothermal
alteration. The hole intersected a sequence of metasedimentary rocks comprising banded quartzites, schists and
gneisses down to 147.05 m. Several narrow (1 -4 m wide) faults and shear zones cut this uppermost sequence. A
fault/fracture zone at 109.6 – 110.7 m which contains pyrite and arsenopyrite returned the highest-grade gold of the
Betty drill program returning 11.6 g/t Au over 1.10 m. The metasedimentary sequence passes downwards into augen
gneiss (147.05-175.75 m), and then into predominantly felsic orthogneiss for the remainder of the hole.
Hole BETBLK24D002 was drilled approximately 375 m SW of BETBLK24D001 and was drilled to test the east -west
striking CCF in an area with anomalous gold - and bismuth -in-soils. The hole intersected a sequence of
metasedimentary gneiss and felsic orthogneiss from surface down to 138.95 m. This sequence is cut by a series of
mafic to intermediate dykes up to 6.5 m wide. A major shear and breccia zone was intersected from 138.95 – 182.60
m, which is interpreted to represent the CCF , or possibly a proximal splay. The upper part of the structural zone,
from 138.95 – 166.35 m, is dominated by shearing while the lower part , from 166.35 – 182.60 m, comprises what
appears to be a tectonic breccia. A narrow zone of gold mineralization was intersected in the hanging wall just above
the fault, grading 0.53 g/t Au over 1.60 m from 135.6 m downhole. The remainder of the hole from 182.6 – 200.0 m
encountered felsic orthogneiss.
Betty White East
The Betty White East target is located 500 m south of the interpreted eastern extension of the CCF. Anomalous gold-
and arsenic-in-soils are associated with WNW striking secondary splay structures in this area, which has previously
seen only limited shallow RAB drilling at its eastern margin.
Three holes totalling 543.2 m were drilled at Betty White East with all holes drilled to the SSW (21 5° azimuth) at a
dip of -50°. Hole BETWHE24D001 was drilled to test a linear gold -in-soil anomaly along a NW -trending ridge in the
western part of the target area. The hole intersected numerous fault zones ranging in thickness from 5 to 27 m, and
the hole was terminated at 104.2 m due to poor ground conditions before reaching the target structure. No
significant gold values were encountered.
Holes BETWHE24D002 and BETWHE24D003 were drilled on a single cross -section at the eastern part of the target.
BETWHE24D002 intersected a metasedimentary sequence down to 185.3 m, after which it passed into a sequence
of felsic orthogneiss and augen gneiss. The upper metasedimentary sequence contains several tectonic breccia zones
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ranging in width from 0.5 to 10 m. A narrow zone of gold mineralization associated with minor disseminated pyrite
in a sericitized and silicified banded quartzite was encountered directly above a 0.5 m breccia zone, returning 1.02
g/t Au over 1.60 m from 154.30 m downhole. Hole BETWHE24D003 was collared approximately 200 m behind (NE)
of BETWHE24D002, and intersected a similar metasedimentary sequence as hole BETWHE24D002. Several faults and
tectonic breccias were encountered in the upper part of the hole. A single zone of gold mineralization returned 8.78
g/t Au over 0.65 m from 95.2 m downhole. This mineralization is associated with minor disseminated pyrite in a
strongly silicified breccia interval.
Betty Ford
Gold mineralization at the Betty Ford target is hosted in a polylithic breccia unit along an east -west striking splay
structure located approximately 1.5 km south of and parallel to the Coffee Creek Fault. The target, which forms an
approximately 1 km long east-west trending gold-in-soil anomaly with gold values ranging from trace up to 1,961
ppb Au. Gold mineralization at the Betty Ford target is primarily hosted within the oxide and transitional domains of
an approximately 100 m -wide polylithic breccia host unit. To date, gold mineralization within these domains has
been traced to approximately 75 m vertical depth and 175 m along strike. Highlights from the previous Company drill
programs include 3.46 g/t Au over 50.0 m in BETFD21D003, 8.94 g/t Au over 18.29 m in BETFD22RC004, 2.96 g/t Au
over 46.5 m in BETFD23D014 and 5.04 g/t Au over 20.85 m in BETFD23D015. See Company press releases dated
November 14, 2023 and November 8, 2023 for further details.
A single hole, BETFD24D016 was drilled at the Betty Ford target in 2024. The hole was designed to test the eastern
extent of the gold-bearing breccia as it approaches an interpreted NNW-striking cross fault. The hole intersected an
upper 8.4 m-wide polylithic breccia unit from 79.70 – 88.10 m and the main polylithic breccia unit from 118.75 –
160.9 m. Th e main breccia unit is cut by a feldspar porphyry dyke from 138.25 – 146.80 m. Although significant
thicknesses of breccia were encountered, all were with in the deeper sulphide domain and no significant gold values
were returned. The polylithic breccia is in fault contact a t 160.90 m , with an underlying sequence of
metasedimentary rocks comprising biotite – quartz – feldspar gneiss, argillite and banded quartzite. This is
interpreted to be the NNW-striking cross-fault (Figure 4).
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Table 2. Collar details for 2024 Diamond Drill Holes at the QV and Betty properties.
Easting (m) Northing (m) Elevation (m)
QV Property
QVCCK24D001 Chris Creek 569,013 7,022,692 590 160 -50 200.0
QVCCK24D002 Chris Creek 569,013 7,022,692 590 160 -75 95.0
QVCCK24D003 Chris Creek 568,978 7,022,786 584 160 -50 251.0
QVCCK24D004 Chris Creek 569,144 7,022,680 631 180 -50 167.0
QVCCK24D005 Chris Creek 569,222 7,022,830 608 160 -50 193.0
QVCCK24D006 Chris Creek 568,838 7,022,683 565 160 -50 176.0
QV - Total 6 holes 1,082.0
Betty Property
BETBLK24D001 Black Betty 619,778 6,966,565 1,026 210 -50 200.0
BETBLK24D002 Black Betty 619,509 6,966,303 928 210 -50 200.0
BETWHE24D001 Betty White East 625,461 6,965,060 651 215 -50 104.2
BETWHE24D002 Betty White East 626,726 6,964,722 596 215 -50 239.0
BETWHE24D003 Betty White East 626,830 6,964,886 618 215 -50 200.0
BETFD24D016 Betty Ford 624,772 6,963,552 878 30 -60 187.6
Betty - Total 6 holes 1,130.8
Dip (°) Length (m)TargetHole Number
Collar Location (UTM NAD83 Zone 7)
Azimuth (°)
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QA/QC
White Gold’s drill core sampling consisted of collecting samples over 0.50 m to 2.50 m intervals (depending on
lithology and style of mineralization) over the entire hole length. RC samples were collected at continuous 1.5 m
intervals. All drill core was cut in half using a diamond saw, with half of the core placed in sample bags and the
other half returned to the core box. Standard, blank, and duplicate samples were inserted into both the drill core
and RC sample streams at regular intervals to meet a designated QA/QC sample insertion rate. All samples were
organized into batches, flown via fixed -wing aircraft from camp, and transported via courier to an ISO -certified
laboratory for analysis.
Qualified Person
Terry Brace, 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 the QV Property & Chris Creek Target
The QV property comprises 1003 quartz claims which over an area of 19,671 hectares and hosts the VG deposit,
which hosts an open pittable Inferred resource of 2 95,500 oz gold at 1. 47 g/t(1) and forms part of the Company’s
flagship White Gold Project. Mineralization at the VG deposit is hosted along a northeast trending, gently south
dipping structural zone that has been traced for over 700 m at surface and consists of disseminated to vein -
controlled pyrite with brecciation, stockwork quartz -carbonate veining, and sericite alteration. The VG deposit
shares strong similarities to the Golden Saddle deposit located 11 km to the south on the White Gold property in
terms of structural setting as well as mineralization style. The property also hosts several other prospective targets
which have received limited exploration work and offer potential for additional discoveries.
The Chris Creek target represents a prospective new target located approximately 9 km northwest of the VG
deposit. In 2024 soil geochemical sampling at the target returned values as high as 600 ppb Au, including 418.6 ppb
Au, 244.6 ppb Au, 237.3 ppb Au, 218.1 ppb Au, and 200.6 ppb Au. These results further define the core of the
anomaly and expand the gold-in-soil trend eastward toward the Diego trend. This connection forms an overall gold
trend measuring roughly 2.7 km along strike and up to 250 m in width.
The geological features of Chris Creek closely resemble those of the Golden Saddle and VG deposits, all of which
remain open for expansion. At Golden Saddle and VG, gold is hosted within brittle -ductile fault zones, quartz vein
breccias, and stockwork veining, similar to the structures seen at Chris Creek. Initial rock sampling results suggest
Chris Creek shares many of the same features as the Golden Saddle and VG deposits. The strong similarities
between Chris Creek, which remains underexplored and open f or expansion, and the established Golden Saddle
and VG deposits, represent substantial potential for future discoveries within the Chris Creek system. With multiple
mineralization styles (Au -Te-Ag, As -Sb, Mo -bearing quartz-carbonate veins, and skarn) acros s a large structural
corridor, there is significant opportunity for continued geophysical surveys, trenching, and drilling to further define
and expand the mineralized zones.
About White Gold Corp.
The Company owns a portfolio of 15, 319 quartz claims across 2 1 properties covering approximately 3 00,000
hectares (3,000 km2) representing approximately 40% of the Yukon’s emerging White Gold District. The Company’s
flagship White Gold project hosts four near-surface gold deposits which collectively contain an estimated 1,203,000