White Gold Corp. Intersects New Zones of Significant Gold Mineralization at the Ulli’s Ridge Target 3 km southwest of the Company’s Flagship Golden Saddle and Arc Deposits
November 1, 2021
White Gold Corp. Intersects New Zones of Significant Gold Mineralization at
the Ulli’s Ridge Target 3 km southwest of the Company’s Flagship Golden
Saddle and Arc Deposits
White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to report assay results from
its rotary air blast (RAB) drill ing program on its White Gold property located in west -central Yukon, Canada. The
program comprised of 11 holes t otalling 937m, with 8 holes drilled at the Ulli’s Ridge target and 3 holes at the
Minneapolis Creek target. The se targets are located 3 km southwest and 4 km west-northwest respectively of the
Company’s flagship Golden Saddle & Arc deposits, which have a combined mineral resource of 1,139,900 ounces
Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au , and remains open for expansion. The drilling
forms part of the Company’s fully funded 2021 exploration program backed by partners Agnico Eagle Mines Limited
(TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC) on its extensive 420,000 hectare land package in
the emerging White Gold District, Yukon.
Highlights include:
• 3 RAB holes drilled at the Ulli’s Ridge target intersected significant gold mineralization including:
o 4.67 g/t Au over 6.10m in hole WHTULR21RAB006
o 1.35 g/t Au over 21.33m in hole WHTULR21RAB005, and
o 4.43 g/t Au over 1.52m, 1.53 g/t Au over 4.57m & 2.26 g/t Au over 9.14m in hole WHTULR21RAB009
• Gold mineralization encountered extends over a 500m strike length which remains open along strike to the
southeast and northwest and makes up part of a 6.5km long x 1km wide gold in soils trend
• Encouraging results were followed up with diamond drilling at the Ulli’s Ridge, with all assays pending.
• Additional results from 2021 diamond drilling and other exploration activities forthcoming in due course.
Figures accompanying this news release can be found at: https://whitegoldcorp.ca/investors/exploration-
highlights/, and assay results are summarized in Tables 1 and 2 below.
“We are very encouraged by these drill results at Ulli’s Ridge as they continue to demonstrate the extensiveness of
gold mineralization in this area, which is located on multi-kilometre gold in soil geochemical anomaly located in close
proximity to our flagship deposits.” stated David D’Onofrio, CEO . “Ulli’s Ridge also lies immediately south of the
Ryan’s Surprise target which has been a focus of diamond drilling over the past two field seasons. Our focus on Ryan’s
Surprise and more recently Ulli’s Ridge has been designed to identify new areas of gold mineralization with the
potential to increase the project’s overall resource base. Diamond drill results from both targets are expected in the
coming months.”
Ulli’s Ridge Target
The Ulli’s Ridge target is located approximately 3 km southwest of the Company’s flagship Golden Saddle & Arc
deposits and 1 km south of the Ryan’s Surprise target. The area is underlain by metasedimentary rocks comprising
interbedded metaquartzite and biotite -quartz-feldspar gneiss. Several interpreted s tructures cut through the area
including a northwest -southeast trending thrust fault that marks the contact between the metasediments and
overlying amphibolite.
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Ulli’s Ridge is characterized by a large northwest -southeast trending coincident gold and arsen ic soil anomaly
measuring some 1,500m long by 600m wide with gold values up to 1585 ppb Au and arsenic values up to 2484 ppm
As. Previous trenching and drilling at Ulli’s Ridge have encountered significant gold mineralization including 1.38 g/t
Au over 20m in trench WGUR12TR01, 2.58 g/t Au over 3.05m and 6.27 g/t Au over 1.52m in hole WHTULR17RC-001,
9.70 g/t Au over 1.52m in hole WHTULR17RC -002, and 1.40 g/t Au over 7.62m in hole WHTULR19RAB -001. In
addition, the 2020 GT Probe sampling program at Ulli’s en countered a 25m wide zone (6 samples) averaging 2.119
g/t Au including 8.516 g/t Au approximately 200m west of the Ryan’s Surprise.
This field season 8 holes totalling 742m were drilled at the Ulli’s Ridge target to test soil and/or GT probe gold
geochemical anomalies. All holes were drilled to the north-northeast (015°) at a dip of -50°, and all reached target
depths with hole lengths ranging from 71m to 100m.
Three holes intersected significant gold mineralization including 1.35 g/t Au over 21.33m in hole
WHTULR21RAB005, 4.67 g/t Au over 6.10m in hole WHTULR21RAB006 and 2.26 g/t Au over 9.14m in hole
WHTULR21RAB009. These results indicate gold mineralization over an approximately 500m strike length which
remains open along strike both to the southeast and northwest. Holes WHTULR21RAB004 and WHTULR21RAB007
intersected gold mineralization (0.25-0.50 g/t Au) ove r more narrow (1.5-4.5m) widths. Significant results have
been summarized in Table 1.
A preliminary structural analysis of the RAB drilling suggests the Ulli’s Ridge target hosts three or more steeply
southwest-dipping and southeast-striking gold-bearing structures. Overall, results from the RAB drilling continue to
support the GT probe geochemical anomalies which overlie the target, and when combined suggest the Ulli’s Ridge
mineralization remains open along strike in both directions and at depth.
The area of gold mineralization outlined by holes WHTULR21RAB005, 006 and 009 was followed up with diamond
drilling, with all assays still pending and will be announced once final assays are received and interpreted.
Table 1: Summary of 2021 RAB Drilling Gold Assay Results at the Ulli’s Ridge Target.
Hole ID From (m) To (m) Length (m)* Au (g/t)
WHTULR21RAB004 65.53 70.10 4.57 0.47
WHTULR21RAB005 67.06 88.39 21.33 1.35
Inc. 71.63 85.34 13.71 1.93
Inc. 71.63 79.25 7.62 2.42
WHTULR21RAB006 6.10 12.19 6.10 4.67
Inc. 9.14 12.19 3.05 9.01
WHTULR21RAB007 6.10 7.62 1.52 0.25
WHTULR21RAB009 35.05 36.58 1.52 4.43
42.67 47.24 4.57 1.53
Inc. 42.67 45.72 3.05 2.20
51.82 60.96 9.14 2.26
Inc. 53.34 56.39 3.05 6.01
* Note: All widths are reported as measured interval lengths as insufficient drilling has been carried
out to determine true widths. All reported assay values are uncapped.
Minneapolis Creek Target
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The Minneapolis Creek target is located 4 km west-northwest of the Golden Saddle deposit on a relatively steep
east-facing slope. The geology is generally similar to Ulli’s Ridge with underlying metasedimentary rocks comprising
interbedded metaquartzite and biotite-quartz-feldspar gneiss.
The target is associated with a large northwest -southeast trending coincident gold and arsenic soil anomaly
measuring 900m long by 400m wide with gold values up to 1590 ppb Au and arsenic values up to 1658 ppm As. The
soil anomaly appears to be terminated to the northwest by a northeast striking sinistral fault. Three of 4 RAB holes
drilled in 2019 at Minneapolis Creek encountered anomalous gold (0.69 – 2.66 g/t Au) in the top 1.5m to 3.0m of
the holes, confirming the surficial gold anomaly but suggesting that soil creep has occurred and the holes may have
been collared too far downslope to test the zone. Additionally, two of the RAB holes failed at shallow depths (<
26m) due to hole collapse in fault zones.
This field season 3 holes totalling 195m were dril led at the Minneapolis Creek target, with all holes drilled to the
southwest (215 °) at a dip of -50°. Hole WHTMCR21RAB006 was terminated early at 25m due to poor ground
conditions and failed to reach the target depth. All 3 RAB holes intersected narrow (1. 5-3.0m) zones of gold
mineralization ranging from 0.40-1.50 g/t Au. Significant results have been summarized in Table 2.
Table 2: Summary of 2021 RAB Drilling Gold Assay Results at the Minneapolis Creek Target.
Hole ID From (m) To (m) Length (m)* Au (g/t)
WHTMCR21RAB006 0.00 3.05 3.05 0.91
Inc. 0.00 1.52 1.52 1.20
7.62 9.14 1.52 1.46
WHTMCR21RAB007 10.67 12.19 1.52 0.41
22.86 24.38 1.52 0.46
* Note: All widths are reported as measured interval lengths as insufficient drilling has been carried
out to determine true widths. All reported assay values are uncapped.
About RAB Drilling
The Company successfully utilizes rotary air blast (RAB) drilling as an efficient and cost effective first -pass
exploration drilling technique on its White Gold District projects, Yukon. The RAB drill rig is an ultra -portable,
wireless remote-controlled rubber tracked drill that uses compressed air to actuate a downhole hammer and can
drill holes at a wide range of angles (50-90°) and to a length of approximately 100 meters. Rock cuttings are returned
to surface under pressure between the drill pipe and wal l of the open hole, so samples may under certain
circumstances incur cross contamination. Once completed each RAB hole is surveyed with a borehole optical
televiewer which provides high-resolution digital imagery of the hole walls and key structural orient ation data on
lithological contacts, fractures, foliations, veins, etc. The Company views RAB drill results as an indication of the
presence and general grade of gold at a given target, and encouraging results are followed up with either reverse
circulation (RC) or diamond drilling in order to quantify grades and thicknesses of mineralized zones.
About White Gold Corp.
The Company owns a portfolio of 21,111 quartz claims across 31 properties covering over 420,000 hectares
representing over 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Gold property
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hosts the Company’s Golden Saddle and Arc deposits which have a mineral resource of 1,139,900 ounces Indicated
at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au (1). Mineralization on the Golden Saddle and Arc is also
known to extend beyond the limits of the current resource estimate. The Company’s recently acquired VG Deposit
also hosts a historic Inferred gold resource of 230,000 ounces at 1.65 g/t Au (2). Regional exploration work has also
produced several other new discoveries and prospective targ ets on the Company’s claim packages which border
sizable gold discoveries including the Coffee project owned by Newmont Corporation with 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), and Western Copper
and Gold Corporation’s Casino project which has 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). For more information visit www.whitegoldcorp.ca.
(1) See White Gold Corp. technical report titled “Technical Report for the White Gold Project, Dawson Range, Yukon Canada”, dated July 10,
2020, prepared by Dr. Gilles Arseneau, P.Geo., and Andrew Hamilton, P.Geo., available on SEDAR.
(2) See Comstock Metals Ltd. technical report titled “NI 43-101 TECHNICAL REPORT on the QV PROJECT”, dated August 19, 2014, prepared
by Jean Pautler, P.Geo., and Ali Shahkar, P.Eng., available on SEDAR.
(3) See Newmont Corporation press release titled “Newmont Reports 2019 Gold Mineral Reserves of 100 Million Ounces, Largest in Company
History”, dated February 13, 2020, available on SEDAR.
(4) See Western Copper and Gold Corporation press release titled “Western Copper and Gold Announces Significant Resource Incr ease at
Casino”, dated July 14, 2020, 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 of 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" o r "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 actual 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 an y
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 Co mpany’s properties; business integration risks; fluctuations in general macroeconomic
conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or
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certain other commodities; fluctuations in currenc y 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 m ineral 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 a nd
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; actual 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 d eposit; title to properties;
ongoing uncertainties relating to the COVID-19 pandemic; and those factors described under the heading "Risks
Factors" in the Company's annual information form dated July 29, 2020 available on SEDAR. Although the forward-
looking statements contained in this news release are based upon what management of the Company believes, or
believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results
will be consistent with such forward-looking statements, as there may be other factors that cause results not to be
as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward -looking
statements and information. There can be no assurance that forward -looking information, or the material factors
or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not
undertake to release publicly any revisions for updating any voluntary forward -looking statements, ex cept as
required by applicable securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news release.
For Further Information, Please Contact:
Contact Information:
David D’Onofrio
Chief Executive Officer
White Gold Corp.
(647) 930-1880
To Book a Meeting with Management: https://whitegoldcorp.ca/contact/request-information/