White Gold Corp. Identifies Significant Copper, Gold & Other Multi-Element Soil Geochemical Anomalies on its Hayes and Pilot Properties, Yukon, Canada
White Gold Corp. Identifies Significant Copper, Gold & Other Multi-Element
Soil Geochemical Anomalies on its Hayes and Pilot Properties, Yukon,
Canada
TORONTO, April 21, 2022 - White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased
to report that soil geochemistry surveys carried out during the 2021 field season on its Hayes and Pilot properties
have identified significant copper, gold, and other multi-element soil anomalies. The Hayes and Pilot properties are
located within the southern portion of the Company’s land package (Figure 1). The Hayes property is contiguous with
the Company’s Betty property and is located approximately 40 km east of Western Copper and Gold Corporation’s
(TSX: WRN, NYSE American: WRN) Casino copper-gold porphyry deposit (M&I Resources of 14.5 Moz Gold and 7.6
Blb Copper and Inferred Resources of 6.6 Moz Gold and 3.3 Blb Copper)(4). The Pilot property is located 55 km south-
southwest of Newmont Corporation’s (NYSE:NEM, TSX:NGT) Coffee gold deposit (M&I Resources of 2.17 Moz Gold
and Inferred Resources of 0.50 Moz Gold) (3).
This regional exploration work was part of the Company’s fully funded 2021 exploration program backed by partners
Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC) on its extensive
land package in the emerging White Gold District, Yukon.
Highlights Include:
• Significant new soil anomaly identified on Hayes property . Geochemical zonation and elemental distributions
indicate the anomaly may represent the surface expression of a Copper-Molybdenum porphyry core surrounded
by epithermal style Silver-Lead-Zinc mineralization. The anomaly is characterized by a Bismuth-Arsenic core with
localized anomalous Copper-Molybdenum, and surrounding Silver-Lead-Zinc halo.
• The core of the Hayes anomaly covers a large area of 750m by 1,000m and remains open to the west and north.
• 3 large and geochemically distinct zones have been detailed on the Pilot by new infill soil sampling, including a
1,000m Gold-Arsenic zone, a 2,000m Copper zone and a Gold-Bismuth-Molybdenum zone.
• The Hayes and Pilot soil anomalies have not seen detailed exploration, trenching, or drill testing. Follow-up work
is currently being planned.
• Details of the Company’s fully funded 2022 exploration program focused on new discovery follow -up and
continued regional evaluation to be announced in the coming weeks.
Figures accompanying this news release can be found at: https://whitegoldcorp.ca/investors/exploration-
highlights/.
Terry Brace, VP Exploration, stated, “Our regional exploration program normally constitutes a significant portion of
our annual exploration budget and has continued to identify prospective new targets across our large district scale
land package. Given the lack of rock outcrop and the unglaciated terrane in this part of the Yukon, soil sampling has
proven to be an extremely effective early-stage exploration tool as demonstrated by these latest results. Our goal
is to continually add new targets to our exploration pipeline and advance those of merit to the drill-ready stage.”
“All of the significant grass roots discoveries in the White Gold District were initially identified through soil sampling.
The discovery of these and other soil anomalies through our regional exploration program continues to highlight
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the prospectively of this underexplored district. We are encouraged by these results, especially with respect to their
proximity to other significant deposits and new discoveries and are eager to follow up ,” stated David D’Onofrio,
Chief Executive Officer.
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Summary of Results
Hayes Property
The Hayes property is contiguous with, and is located immediately east, of the Company’s Betty property , where
2021 maiden diamond drilling at the Betty Ford target intersected significant near surface gold mineralization,
including 3.46 g/t Au over 50.0m (see Company News Release dated Nov. 17, 2021). Newmont Corporation’s
(NYSE:NEM, TSX:NGT) Coffee gold deposit (Measured and Indicated Resources of 2.17 Moz at 1.46 g/t Au, and
Inferred Resources of 0.50 Moz at 1.32 g/t Au)(3) lies approximately 65 km to the west-northwest, Western Copper
and Gold Corporation’s (TSX: WRN , NYSE American: WRN) Casino copper-gold porphyry deposit (Measured and
Indicated Resources of 14.5 Moz Au and 7.6 Blb Cu and Inferred Resources of 6.6 Moz Au and 3.3 Blb Cu)(4) is 40 km
to the west, and C2C Gold Corp.’s Sonora Gulch project lies immediately south of the Hayes property.
The geology of the Hayes property is known mainly from regional scale geological mapping by the Geological Survey
of Canada and Yukon Geological Survey, aided by regional aeromagnetic interpretations. The oldest rocks occur in
the southern part of the property and comprise metasedimentary rocks of the pre-Late Devonian age Snowcap
assemblage. These are thrust over felsic to mafic granitoids and orthogneiss of th e Mississippian Simpson Range
suite along the Yukon River Thrust and underlie the northern portion of the property. In the southwestern part of
the property, the Snowcap assemblage is intruded by Middle Cretaceous granitoids of the Dawson Range Batholith,
and in the northern part of the property plugs of the Late Cretaceous Prospector Mountain suite intrude the
Simpson Range suite. The oldest known fault structure is the west to west-northwest trending Yukon River Thrust
which transects the central part of the property. Major east-west striking faults, including an eastern extension of
the dextral strike-slip Coffee Creek Fault in the south, also cut through the property. The northwest-trending Big
Creek Fault, a relatively late major regional strike-slip fault cuts the western part of the property and is recognized
as a controlling structure to many important mineral deposits in the district.
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The 2021 soil geochemistry program comprised sampling on 3 separate grid areas o n the property, north, south
and eastern grids (Figure 2). A total of 1,200 soil samples were collected at 50 m sample intervals on 100 m spaced
survey lines. The most encouraging results were returned from the northern grid which measures 2 km east-west
by 1.5 km north-south and lies approximately 5 km south of the Yukon River (Figure 3). The area was selected for
gridded soils to follow up o n isolated anomalous ridge and spur soil samples that formed part of a 2017
reconnaissance survey by the Company. The 2021 sampling identified a broad geochemically zoned multi-element
soil anomaly with a central core measuring from 750 m to 1,000m in diameter and enriched in bismuth and arsenic,
which is surrounded by a halo of anomalous silver, lead and zinc that is greater than 400 m wide. Anomalous copper
occurs in the southern portion of the core, and a relatively small area of anomalous molybdenum occurs near the
core’s northern margin. Geologically the soil anomaly is associated with a plug of Late Cretaceous Prospector
Mountain suite, which is known to be prospective for porphyry Cu -Au (Mo) and epithermal style mineralization.
The soil anomaly overlies a magnetic high, and b ased on regional geological mappin g and aeromagnetic results,
similar intrusions occur in the immediate area and have not been covered by soil sampling. The anomaly remains
completely open to the west, and currently additional soil sampling is being planned to outline the full extent of
the anomaly. The geochemical zonation and elemental distributions indicate that the anomaly may represent the
surface expression of a Cu-Mo porphyry core surrounded by epithermal style Ag-Pb-Zn mineralization.
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Pilot Property
The Pilot property is located approximately 10 km west of the White River and 40 km northeast of Beaver Creek, a
small town near the Yukon - Alaska border. The property comprises 260 quartz claims covering 5,435 hectares
(54.35 km2).
The geology of the Pilot property is known primarily from regional geological mapping by the Geological Survey of
Canada and the Yukon Geological Survey. The western part of the property is underlain by the Late Devonian age
and older Scottie Creek formation, a metasedimentary sequence comprising m ainly quartzites and psammitic
schists. The eastern part of the property is underlain by the Late Cretaceous age Katrina Creek suite which
comprises granodiorite and monzogranite. At the southeastern corner of the property, the Katrina Creek suite
intrudes older meta-intrusive orthogneiss of the Late Devonian Mount Baker Suite. Isolated units of the Upper
Triassic Snag Creek suite, which comprises gabbro to diabase, occur within the Scottie Creek formation and Mount
Baker suite.
A northern portion of the current Pilot property was originally staked in 2000 by Teck Cominco Limited (now Teck
Resources Limited) based on anomalous gold in regional stream silt samples and follow -up reconnaissance soil
sampling which identified anomalous gold and arsenic values. Limited follow-up soil sampling (52 samples) by Teck
in 2001 identified anomalous Au-As and Cu-Pb-Zn values, although anomalies were generally poorly defined due to
the relatively small number of samples.
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Since acquiring the Pilot property in 2016, White Gold Corp. has significantly expanded the soil sampling coverage
with a total of 8,434 samples collected by the Company. This includes 1,015 infill soil samples taken in 2021 (Figure
4) on two separate grids which covered known soil anomalies, a larger northern grid (1 ,800 m by 2 ,250 m) and a
smaller grid (400 m x 900 m) located in the central part of the property. Previous soil sample coverage consisted of
50 m spaced samples on 100 m spaced survey lines, and the new infill sampling now provides much be tter
resolution with 25 m sample spacings.