White Gold Corp. Intersects Broad Zones of Near Surface Gold Mineralization including 3.38 g/t Au over 53 m at Betty Ford Target, and 1.4 g/t Gold over 58.4 m at Vertigo Target, White Gold District, Yukon, Canada
September 7, 2023
White Gold Corp. Intersects Broad Zones of Near Surface Gold
Mineralization including 3.38 g/t Au over 53 m at Betty Ford Target, and 1.4
g/t Gold over 58.4 m at Vertigo Target, White Gold District, Yukon, Canada
TORONTO, September 7, 2023 – White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is
pleased to announce partial results from 2023 exploration diamond drilling at the Betty Ford target on the Betty
property including 3.38 g/t Au over 53 .0 m from 7.30 m depth in hole BETFD23D013, which included higher grade
subintervals of 7.19 g/t Au over 6.30 m and 8.00 g/t Au over 4.35 m. Results of diamond drilling at the Vertigo target
on the JP Ross property include 1.4 g/t Au over 58.4 m in hole JPRVER23D0052 from 40.95 m depth, and
JPRVER23D0051 which intersected three zones of high-grade gold mineralization. Betty Ford and Vertigo (Figure 1)
are located approximately 65 km southeast and 30 km northeast respectively from the Company’s flagship White
Gold Project in west-central Yukon, Canada, which comprises 16 million tonnes averaging 2.23 g/t Au for 1,152,900
ounces of gold in the Indicated Resource cat egory and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces
of gold in the Inferred Resource category (1).
The Betty property lies along strike and approximately 40 km east-southeast of Newmont Corporation’s (NYSE: NEM,
TSX: NGT) Coffee gold deposit with Indicated Resources of 2.14 Moz gold and Inferred Resources of 0.23 Moz gold(2).
The Betty property is also contiguous to and 15 km northeast of Western Copper and Gold Corporation’s (TSX: WRN,
NYSE: WRN) Casino porphyry project with Measured & Indicated Resources of 14.8 Moz gold & 7.6 Blbs copper and
Inferred Resources of 6.3 Moz gold and 3.1 Blb copper (3). The JP Ross property is road accessible and located in a
prolific placer camp wit h significant recorded placer gold production. These drill program s form part of the
Company’s 2023 fully funded exploration program on its extensive and underexplored 350,000 hectare land package
in the emerging White Gold District, Yukon, supported by st rategic partners Agnico Eagle Mines Limited (TSX: AEM,
NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC).
“We are pleased to encounter near surface high -grade gold mineralization over such a broad zone at Betty Ford
which remains open for expansion. Furthermore, we have also encountered the first occurrence of gold within the
deeper sulphide domain of the polylithic breccia unit while testing for possible feeder structures, which r epresents
an important development in our understanding of Betty Ford and the potential to even further extend
mineralization. The diamond drilling at Vertigo has improved our structural interpretation of the known
mineralization controls at this high-grade gold target. These results continue to demonstrate the expansiveness of
gold mineralization in our underexplored district scale exploration portfolio in a tier 1 mining district,” stated David
D’Onofrio, Chief Executive Officer.
Maps and images accompanying this news release can b e found at http://whitegoldcorp.ca/investors/exploration-
highlights/. Assay results and drill collar details for Betty Ford and Vertigo are summarized below in Tables 1 and 2,
and Tables 3 and 4 respectively.
Highlights:
• Betty Ford:
o Diamond drilling consisted of four holes totalling 1,165 m (Figure 2) to further evaluate the zone
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of near-surface high gold mineralization encountered in 2021 (BETFD21D003: 3.46 g/t Au over
50 m), and 2022 (BETFD22RC004: 8.94 g/t Au over 18.29 m ), and also test for the presence of a
mineralized buried porphyry at depth, as well as a possible feeder contact/structure for the gold
mineralization.
o BETFD23D013 (Figure 3) intersected 3.38 g/t Au over 53 m from 7.30 m depth, including 7.19 g/t
Au over 6.30 m and 8.00 g/t Au over 4.35 m. Assays for the lower portion of BETFD23D013 from
364 m to 503 m remain outstanding.
o BETFD23D012 intersected 1.20 g/t Au over 8.3 m from 166.7 m depth, including 5.51 g/t Au over
1.0 m, and is the first occurrence of gold within the sulphide domain of the polylithic breccia unit
and also significantly extended the width of the polylithic breccia unit.
o Based on visual inspection, holes BETFD23D014 and D015 appear to have also intersected
significant zones of oxidized mineralized breccia which has been the primary host of gold
mineralization at the Betty Ford target . Assay results are pending and will be released as they
are received and interpreted.
• Vertigo:
o Diamond drilling at Vertigo was designed to test a revised structural interpretation including
identification of multiple prospective vein sets and potential for bulk tonnage gold
mineralization.
o 5 holes totalling 1, 022 m (Figure 4) tested the mineralized zone near previous trenching and
drilling, as well as adjacent gold -in-soil anomalies located 250 -300 m to the east -northeast,
southwest and south.
o Hole JPRVER23D0052 intersected 58.4 m grading 1.4 g/t Au from 40.95 m depth, with narrower
high-grade subintervals of 9.10 g/t Au over 2.85 m and 6.68 g/t Au over 4.80 m , with multiple
occurrences of visible gold within the zones.
o Hole JPRVER23D0051, located approximately 50 m west -northwest of JPRVER23D0052,
intersected 3 narrow (< 2 m) mineralized zones grading 4.37 g/t Au over 1.30 m, 15.79 g/t A u
over 1.60 m, and 4.17 g/t Au over 1.90 m.
o Newly collected borehole optical televiewer data supports the structural interpretation of
multiple mineralized vein sets, with two separate orientations.
o Additional targets remain to be tested and to date all drilling at Vertigo has been conducted at
shallow depths with the longest hole being only 280.5 m.
• Additional results from the Company’s diamond drilling at the Betty Ford and Cali targets, and the
regional exploration program will be announced in due course (see Company News Releases dated
August 15, 2023, July 20, 2023, and July 6, 2023).
Precious Metals Beaver Creek
The Company will be presenting and providing a corporate update at 2023 Precious Metals Summit Beaver Creek .
Management will also be participating in the One on One Meeting Program and interested conference attendees are
encouraged to request a meeting to learn more about the Company and its 2023 exploration program.
Website: https://www.precioussummit.com/event/2023-precious-metals-summit-beaver-creek/
Date: September 12th to 15th, 2023
Location: Beaver Creek, Colorado, USA
Corporate Presentation: Thursday, September 14th at 4:15pm MT
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Betty Ford Target
The Betty property comprises 860 quartz claims which cover an area of 17,127 hectares and hosts several prospective
exploration targets including Betty Ford, Mascot (BETMAS22RC005: 1.14 g/t Au over 27.43 m; BETMAS22RC004: 1.24
g/t Au over 3.05 m, 1.48 g/t Au over 9.14 m & 4.13 g/t Au over 7.62 m), Betty White, Betty Grable and Betty Black.
The property is transected by the Coffee Creek Fault which exerts important structural controls on Newmont’s Coffee
gold deposit 40 km along strike to the west-northwest.
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, was initially RAB drill tested by the Company in 2018 with BETFRDRAB18-002 intersecting near surface gold
mineralization averaging 1.08 g/t Au over 50.29 m from 4.57 m depth. During 2021 and 2022, the Company
completed 11 diamond drill holes totalling 2,297 m and 2 RC holes totalling 201 m to further test the target along an
approximately 250 m strike length. This drilling has continued to intersect a broad zone of ne ar-surface gold
mineralization within the polylithic breccia host unit that has returned 1.17 g/t Au over 48.00 m in hole
BETFD21D001, 3.46 g/t Au over 50.0 m in BETFD21D003, 1.50 g/t Au over 55.15 m in BETFD22D007, and 8.94 g/t Au
over 18.29 m in BETFD22R C004 including 21.73 g/t Au over 6.10 m . Thus far , mineralization has been traced for
approximately 175 m along strike and to a vertical depth of 75 m. The zone remains open primarily to the east for a
minimum of 100 m and further evaluation of the target is recommended.
The 2023 diamond drilling program at the Betty Ford target comprised 4 holes totaling 1,165 m that was designed
to test: 1) the presence of a mineralized buried porphyry at depth beneath the polylithic breccia unit; 2) a possible
feeder contact/structure identified from VLF-EM surveying; 3) a strong gold-in-soil anomaly in the area of an eastern
gully and interpreted fault structure; and 4) controls on higher grade gold mineralization such as that intersected in
hole BETFD22RC004.
Betty Ford - Partial 2023 Diamond Drilling Results
Assay results received to date for the 2023 Betty Ford diamond drilling program are summarized below in Table 1.
Assays have been received for all of hole BETFD23D012 and a portion of BETFD23D013 from surface to 364 m.
Hole BETFD23D012 was drilled to test for a potential feeder contact/structure for the near -surface gold
mineralization. A VLF-EM survey suggests that in this area the contact is characterized by a resistivity high to the
south, and the gold mineralization encountered in existing holes appears to be at the contact zone with a resistivity
low to the north . The hole collared in metasediments (3.0 -42.0 m), and then passed downwards into a feldspar
porphyry dyke from 42-113 m (71 m), and polylithic breccia from 113 m to the end of the hole at 202 m . It appears
that the VLF feature is explained by the resistivity contrast between the metasediments and feldspar porphyry
(resistivity high) and the polylithic breccia (resistivity low) , and that the prospective metasedimentary – polylithic
breccia contac t in this area has been infilled with a dyke . Of note, the hole intersected a gold mineralized zone
grading 1.20 g/t Au over 8.3 m within the breccia from 166.7 – 175.0 m, which is the deepest gold mineralization
encountered to date at Betty Ford and is well within the sulphide domain. Additionally, the hole successfully widened
the polylithic breccia to the south by approximately 50 m and now measures up to 90 m locally in true width.
BETFD23D013 with a final depth of 503 m, is the deepest hole drilled to date at Betty Ford and was designed primarily
to test for the presence of a mineralized buried porphyry intrusion at depth beneath the polylithic breccia unit. The
hole collared in oxidized mineralized breccia which passed downwards into a transition zone to 60 m depth. The hole
intersected 3.38 g/t Au over 53.0 m from 7.3 m depth, and included two higher grade subintervals including 7.19 g/t
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Au over 6.3 m and 8.00 g/t Au over 4.35 m further extending the high-grade mineralization zone 10 to 25 m east of
gold mineralization previously intersected in hole BETFD 21D003 which returned 3.46 g/t Au over 50.0 m. The hole
drilled through a thick interval of polylithic breccia down to 289.5 m, then a zone of breccia with intermittent feldspar
porphyry dykes (3 – 30 m wide) from 289.5-383.0 m, and finally continuous polylithic breccia to the end of the hole
at 503 m.
Assay results for the lower portion of holes BETFD23D013 (364 – 503 m) and holes 014 and D015 are pending and
will be released as they are received and interpreted. Details on the Betty Ford target are provided in a news release
issued by the Company on July 6, 2023 (available on SEDAR+).
Table 1. Highlights of 2023 Diamond Drilling Gold Assay Results (partial) for the Betty Ford Target.
Hole No. From (m) To (m) Length (m)* Au (g/t)**
BETFD23D012 166.70 175.00 8.30 1.20
Including 174.00 175.00 1.00 5.51
BETFD23D013*** 7.30 60.30 53.00 3.38
Including 18.00 24.30 6.30 7.19
And 38.80 43.15 4.35 8.00
* All drill hole intercepts reported herein are core lengths. Currently there is insufficient data to estimate true
thicknesses.
** Gold assays are uncapped.
***Partial assays received, 364 m to 503 m assays remain pending.
Table 2. Collar details for 2023 Diamond Drill Holes at the Betty Ford Target.
Hole Number
Collar Location (UTM NAD83 Zone 7) Azimuth Dip Length
Easting (m) Northing (m) Elevation (m) (°) (°) (m)
BETFD23D012 624,600 6,963,430 855 0 -70 201
BETFD23D013 624,701 6,963,607 856 175 -75 503
BETFD23D014 624,724 6,963,561 870 20 -60 250
BETFD23D015 624,577 6,963,583 816 195 -50 211
TOTAL 4 holes 1,165
Vertigo Target
The road accessible Vertigo target is located on the JP Ross property approximately 80 km south of Dawson City.
Covering 76,385 hectares centred on the famed Henderson Creek placer gold area . The property hosts several
prospective targets in cluding Vertigo, Stage Fright (JPRSF19RAB -005: 2.31 g/t Au over 16.76 m), Sabotage
(JPRSAB19RAB-011: 3.42 g/t Au over 7.62 m), North Frenzy (JPRNF19RAB -002: 5.45 g/t Au over 4.57 m), Notorious
(GT-Probe: 24.4 g/t Au; Rock samples: 18.2 g/t Au & 33.6 g/t Ag) , Life Boat (JPRLB19RAB-001: 5.41 g/t Au over 3.05
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m) and others.
Gold mineralization at Vertigo is associated with quartz veining, brecciation and strong quartz -sericite altered
structures containing disseminated to locally massive arsenopyrite, galena and pyrite, and locally fine-grained visible
gold within a felsic gneiss host unit. Vuggy textures and iron oxides after pyrite, as well as an interpreted early phase
of potassic alteration, are common.
Gold mineralization at Vertigo occurs at a princ ipal fault intersection between a district -scale WNW -trending
magnetite-destructive fault zone (Vertigo FZ) and a major NE-trending magnetic and topographic (LiDAR) lineament.
Gold mineralization occurs within a n approximately 2.0 km by 0.8 km mag -destructive sigmoid, suggesting that a
left-lateral pull -apart can be the principal controlling array. On a local scale, optical televiewer data and trench
mapping confirmed that steeply dipping quartz veins predominantly follow a principal WNW-trend and a subordinate
NE-trend. Both vein systems crosscut at high angle to the host-rock sub-horizontal foliation, while the subordinate
vein array occurs parallel to open folding of NE -axis. Overall, the geometry, magnetic character and scale of the
WNW- and NE-trending faults and quartz veins are encouraging, as they closely resemble the principal structures
controlling gold mineralization at, respectively, the Golden Saddle and Ryan’s Surprise deposits.
Initial diamond drilling at Vertigo was carried out by Kinross in 2010 with the completion of 4 holes totalling 521.7
m. During 2018 and 2019, the White Gold carried out RAB (25 holes, 1,448.9 m) and RC drilling (36 holes, 2,551.3m),
and in 2019 completed 46 diamond drill holes totalling 9,568.5 m. The 2018 RAB and RC holes drilled to the south
(180° azimuth) and north (360° azimuth), whereas 2019 RAB, RC and diamond drill holes drilled to the north -
northeast (020° azimuth) to test the interpreted primary west -northwest striking and south dipping mineralized
structures. The drilling produced very encouraging results (e.g. 23.44 g/t Au and 144.75 g/t Ag over 24.38 m in hole
JPRVERRAB18-014, 9.46 g/t Au and 36.68 g/t Ag over 22.86m in hole JPRVERRC18 -006, and 11.64 g/t Au and 32 g/t
Ag over 5.34m in hole JPRVER19D0015 – see Table 1, and Company News Releases dated Dec. 06, 2018 and Aug. 08,
2019) with significant associated silver values.
More recently the Company has reviewed and interpreted available borehole optical televiewer and trench
structural data which in dicates that there are 3 mineralized vein sets at Vertigo: 1) the primary WNW striking vein
set which has been the focus of previous drilling; 2) a north -northeast (022°) striking secondary vein set which dips
steeply to both the west and east; and 3) a se t of narrow (up to 10 -15 cm) sheeted quartz veins that strike east -
northeast (070°) and dip moderately at 55° north. These latter quartz veins were exposed during mechanical
trenching during the 2019 field season, and vein samples returned encouraging gold assays in the range of 1.5 g/t
Au to 17.3 g/t Au, however 2019 diamond drilling did not test this newly identified vein set due to the orientation of
drilling.
The 2023 diamond drilling program at the Vertigo target comprised 5 holes totalling 1,022 m whi ch tested the
mineralized zone near previous trenching and drilling, as well as adjacent gold -in-soil anomalies located 250-300 m
to the east-northeast, southwest and south. All holes were drilled to the south-southeast (152°-155°) at dips of -50°
to -52°, and holes lengths ranged from 138 to 233 m.
Vertigo - 2023 Diamond Drilling Results
Assay results for the 2023 Vertigo diamond drilling program are summarized below in Table 3. Hole JPRVER23D052
produced the most encouraging results intersecting 58.4 m grading 1.4 g/t Au from 40.95 m downhole, with narrower
high-grade subintervals of 9.10 g/t Au over 2.85 m and 6.68 g/t Au over 4.80 m. This hole confirms that Vertigo locally
contains relatively broad zones of bulk tonnage gold mineralization. Hole JPRVER23D051 was collared approximately
50 m west-northwest of JPRVER23D0052 and intersected 3 discrete gold mineralized zones grading 4.37 g/t Au over
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1.30 m, 15.79 g/t Au over 1.60 m, and 4.17 g/t Au over 1.90 m. Intervening intervals between mineralization did not
return any significant gold values, suggesting a variation in vein density and structure between the two holes.
Hole JPRVER23D053 was drilled approximately 250 m east -northeast of hole JPRVER23D052 to test a gold -in-soil
anomaly and intersected a single narrow zone grading 2.77 g/t Au over 1.90 m from 64.45 m depth. Holes
JPRVER23D054 and JPRVER23D055, drilled to the south and west-southwest to test additional gold-in-soil anomalies
did not encounter significant mineralization.
The 2023 diamond drilling successfully identified two primary fault and vein arrays that strike WNW and NE. The
higher concentration of gold in hole JPRVER23D052 is closely associated with an increase in vein and breccia
structures in the hanging wall of a major fault zone which appears to strike WNW. The highest gold grades (5.5 –
15.6 g/t Au) are associated with multiple phases of quartz -pyrite and quartz-arsenopyrite which is hosted in brittle-
ductile vein sets and crackle and hydrothermal breccias. Addi tional review of the 2019 drill core and other data
(geochemical & geophysical) is expected to aid in refining the structural interpretation for future drill targeting.
Additional surface targets on the project remain to be drill -tested, and Vertigo has se en only relatively shallow
drilling, so opportunities exist for the discovery of additional high-grade gold zones.
Table 3. Highlights of 2023 Diamond Drilling Gold Assay results for the Vertigo Target.
Hole No. From (m) To (m) Length (m)* Au (g/t)**
JPRVER23D0051 50.60 51.90 1.30 4.37
Including 50.60 51.10 0.50 9.86
85.60 87.20 1.60 15.79
Including 85.60 86.40 0.80 23.90
107.00 108.90 1.90 4.17
Including 107.85 108.90 1.05 7.01
133.80 135.80 2.00 2.09
JPRVER23D0052 40.95 99.35 58.40 1.40
Including 40.95 43.80 2.85 9.10
And 74.65 79.45 4.80 6.68
109.85 111.15 1.30 5.50
JPRVER23D0053 64.45 66.35 1.90 2.77
Including 65.35 66.35 1.00 4.39
* All drill hole intercepts reported herein are core lengths. Currently there is insufficient data to estimate true
thicknesses.
** Gold assays are uncapped.
Table 4. Collar details for 2023 Diamond Drill Holes at the Vertigo Target.
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Hole Number
Collar Location (UTM NAD83 Zone 7) Azimuth Dip Length
Easting (m) Northing (m) Elevation (m) (°) (°) (m)
JPRVER23D0051 593,056 7,028,567 958 155 -50 233
JPRVER23D0052 593,103 7,028,549 955 152 -52 201
JPRVER23D0053 593,327 7,028,654 960 152 -52 138
JPRVER23D0054 593,162 7,028,265 827 155 -50 225
JPRVER23D0055 592,803 7,028,432 868 155 -50 225
TOTAL 5 holes 1,022
QA/QC
Analytical work for the 2023 diamond drilling program was performed by Bureau Veritas, an internationally
recognized analytical services provider, at its North Vancouver, British Columbia laboratory. Sample preparation
was carried out at its Whitehorse, Yu kon facility. All diamond drill core samples were prepared using the PRP70 -
250 package, where samples were weighed, dried, and crushed to greater than 70% passing a 2mm sieve, then
pulverized to greater than 85% passing 75 microns). Core were then analyzed in accordance with BV’s FA430 and
MA250 packages, for both gold analysis by fire assay (30g fire assay with AAS finish) and ultra -trace multi-element
ICP analysis (0.25 g, 4 acid digestion and ICP-MS analysis).
The reported diamond drilling samp ling program work was completed using industry standard procedures,
including a quality assurance/quality control (“QA/QC”) program consisting of the insertion of standard, blank, and
duplicate samples into the sample stream. BV also runs a comprehensive QA/QC program of standards, duplicates,
and blanks within each sample stream.
About White Gold Corp.
The Company owns a portfolio of 17,584 quartz claims across 30 properties covering approximately 350,000
hectares representing over 40% of the Yukon’s eme rging White Gold District. The Company’s flagship White Gold
project hosts four near -surface gold deposits which collectively contain an estimated 1,152,900 ounces of gold in
Indicated Resources and 942,400 ounces of gold in Inferred Resources (1). Regional exploration work has also
produced several other new discoveries and prospective targets on the Company’s claim packages which border
sizable gold discoveries including the Coffee project owned by Newmont Corporation with Indicated Resources of
2.14 Moz at 1.23 g/t Au, and Inferred Resources of 0.23 Moz at 1.01 g/t Au (2), and Western Copper and Gold
Corporation’s Casino project which has Measured and Indicated Resources of 7.6 Blb Cu and 14.5 Moz Au and
Inferred Resources of 3.3 Blb Cu and 6.6 Moz Au(3). For more information visit www.whitegoldcorp.ca.
(1) See White Gold Corp. technical report titled “2023 Technical Report for the White Gold Project, Dawson Range, Yukon, Canada ”, Effective
Date April 15, 2023, Report Date May 30, 2023, NI 43-101 Compliant Technical Report prepared by Dr. Gilles Arseneau, P.Geo., available on
SEDAR+.
(2) See Newmont Corporation 10 -K: Annual report for the year ending December 31, 2022 , in the Measured, Indicated, and Inferred
Resources section, dated February 23, 2023, available on EDGAR. Reserves and resources disclosed in this Form 10-K have been prepared in
accordance with the Regulation S-K 1300, and do not indicate NI43-101 compliance.
(3) See Western Copper and Gold Corporation technical report titled “Casino project, Form 43 -101F1 Technical Report Feasibility Study,
Yukon Canada”, Effective Date June 13, 2022, Issue Date August 8, 2022, NI 43-101 Compliant Technical Report prepared by Daniel Roth, PE,
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P.Eng., Mike Hester, F Aus IMM, John M. Marek, P.E., Laurie M. Tahija, MMSA-QP, Carl Schulze, P.Geo., Daniel Friedman, P.Eng., Scott Weston,
P.Geo., available on SEDAR+.
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.
Cautionary Note Regarding Forward Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-
looking statements ”) within the meaning of the applicable Canadian securities legislation. All statements, other
than statements o f historical fact, are forward -looking statements and are based on expectations, estimates and
projections as at the date of this news release. Any statement that involves discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not
always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”,
“plans”, “proposed”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such
words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be
taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this
news release, forward -looking statements relate, among other things, the Company’s objectives, goals and
exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential
of the Company, including whether any proposed exploration programs at any of the Company’s properties will be
successful; exploration results; and future exploration plans and costs and financing availability.
These forward -looking statements are based on reasonable assumptions and estimates of management of the
Company at the time such statements were made. Actual future results may differ materially as forward -looking
statements involve known and unknown risks, uncertainties and other factors which may cause the act ual results,
performance or achievements of the Company to materially differ from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such factors, among other things, include:
The expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the
White Gold properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify any
additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results;
uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration
programs on the Company’s properties; business in tegration risks; fluctuations in general macroeconomic
conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or
certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar
exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or
economic developments; risks and hazards associated with the business of mineral exploration, development and
mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave -
ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and
regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with
and claims by local communities and indigenous populations; availability of increasing costs associated with mining
inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining
necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are
explored are ultimately developed into producing mines; geological factors; actu al results of current and future
exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being
preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties;
ongoing uncertainties relating to the COVID -19 pandemic; and those factors described under the heading “Risks