White Gold Corp. Outlines Significant Gold Anomalies at the Nolan Property,
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May 6th, 2021
White Gold Corp. Outlines Significant Gold Anomalies at the Nolan Property,
Yukon, Canada
White Gold Corp. (TSX.V: WGO, OTC: WHGOF, FRA: 29W) (the “ Company”) is pleased to announce significant soil
geochemistry results from the Company's 2020 exploration program outlining significant gold anomalies on its
Nolan property, located approximately 50km west of Dawson City, Yukon and 15km east of the Alaska border. The
Nolan is a large property comprised of 2,219 claims across 43,778 hectares in the active Sixtymile placer gold camp
on which several kilometre scale gold anomalies have now been identified. This work formed part of the Company’s
2020 exploration program backed by strategic partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and
Kinross Gold Corporation (TSX: K, NYSE: KGC) on its extensive 420,000 hectare land package in the prolific White
Gold District, Yukon, Canada.
Highlights Include:
The Nolan property is located in the active Sixtymile placer gold camp of west Yukon, which has produced
over 500,000 ounces of placer gold to date.
The property hosts multiple large targets with the potential for several mineral deposit types including
orogenic gold, epithermal precious and base metal veins and porphyry Cu-Mo-Au.
2020 Exploration work included ground magnetics, VLF-EM surveys and 1,648 infill soil geochemistry
samples in the Mount Hart area, with values of up to 1120 ppb Au, which has further enhanced several
multi-element anomalies within a large (5km N-S x 3.5km E-W) anomalous area that will be further
evaluated this coming season.
The Company also announces its participation in several upcoming virtual conferences and invites
interested parties to register to learn more about the Company’s unique district-scale gold exploration
opportunity with significant defined resources, recent discoveries and new discovery potential in the
prolific White Gold District, Yukon, Canada
“We are very pleased with the delineation of these targets in this area of significant placer mineralization. It is
further evidence of the expansiveness of gold mineralization in the White Gold District, and the effectiveness of
our exploration methodologies. The exploration methodologies and results to date are encouraging based on the
similarities to those that have led to the discovery of significant deposits within the White Gold District. We are
excited to advance these targets with additional testing and first ever diamond drilling in the coming months”
commented David D’Onofrio, CEO of the Company.
Figures accompanying this news release can be found at: http://whitegoldcorp.ca/investors/exploration-highlights/
Nolan Property
The Nolan property covers a large area measuring 30km north-south by up to 22 km east-west (Figure 1). The
northern portion of the property north of the Sixty Mile River is accessible from the Top of the World Highway
which extends westwards from Dawson City to Alaska, and local placer mining roads and trails. Access to the central
and southern areas of the property is accessible by helicopter. The property hosts several defined gold exploration
targets including the Cali, Nine, Nine Southeast, Boucher and Mount Hart targets.
Property Geology
The Nolan property is underlain primarily by Late Devonian to Early Carboniferous (Mississippian) rocks of the
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Simpson Range and Finlayson Assemblage (Figure 2). The Simpson Range comprises meta-intrusive (diorite,
granodiorite and tonalite) orthogneisses and is most widespread in the eastern and central areas of the property.
The northern and western portions of the property are underlain by the Finlayson Assemblage. In the north,
Finlayson rocks consist of dark grey to black carbonaceous metasedimentary rocks including metaquartzite, and in
the central- to southwestern part of the property the Finlayson comprises intermediate to mafic volcanic and
volcaniclastic rocks. These units are overlain by younger Late Cretaceous volcanic rocks of the Carmacks Group,
which comprises basalt, breccia, andesite, porphyry, dacite and trachyte. On the Nolan property, the Carmacks
Group is restricted to the Mount Hart area in the south, where a conglomerate unit forms its base. More extensive
areas of the Carmacks Group occur immediately west of the property, as well as to the east and southeast. Late
Cretaceous intrusive rocks of the Prospector Mountain Suite, comprising granite, granodiorite, diorite and
monzonite, form a series of east-west trending plutons extending westwards from Mount Hart.
The most prominent fault structure recognized on the Nolan property is an interpreted extension or splay of the
Sixtymile-Pika Fault, a regional 150km long northeast trending strike-slip sinistral-normal fault that extends
westward into Alaska. The Sixtymile-Pika Fault is an important structure, having controlled Late Cretaceous
porphyry, skarn and epithermal style mineralization. The Cali target located in the north-central part of the property
lies directly on or adjacent to the Sixtymile-Pika Fault, as do several other gold occurrences (e.g. Glasmacher and
Per) located west of the property.
2020 Exploration Program
The 2020 exploration program included ground magnetics and VLF-EM surveys totaling 247 line km on three
separate grids (Mount Hart = 190km, Boucher Main = 25km, and Boucher SW = 32km), and infill soil geochemistry
sampling at 25m spacings on 100m spaced survey lines in the Mount Hart area.
At total of 1,648 infill soil samples were collected in the Mount Hart area, where previous soil sampling had been
at 50m sample spacings on 100m spaced survey lines. The area of infill sampling covered an area measuring 4.8km
north–south and from 0.9km to 3.7km east-west, with the longer survey lines located in the south.
A general summary of the soil sampling results at Mount Hart is provided below, as well as brief descriptions of the
Cali and Boucher targets.
Mount Hart Target
Extensive soil sampling has outlined a large multi-element soil geochemistry anomaly in the Mount Hart area
measuring 5km north-south and up to 3.5km east-west with values of up to 1120 ppb Au, 14.8 ppm Ag, 1543 ppm
As, 81 ppm Sb, 42.2 ppm Bi and 1677 ppm Pb. The relationship between the distribution of individual elements is
currently being assessed in the context of underlying geology, including lithologies and structures, and geophysics.
Several areas are anomalous in gold only (Figure 3), while elsewhere there are strongly coincident Ag, As, Sb, Bi and
Pb anomalies (Figures 4A-7B). Anomalous Cu and Mo in the Mount Hart area, combined with observed porphyry-
style hydrothermal alteration, indicate the potential for buried porphyry Cu-Mo-Au mineralization. The majority of
anomalous soil samples are underlain by rocks of the Late Cretaceous Carmacks Group and coeval intrusions of the
Late Cretaceous Prospector Mountain Suite which underly the west-central portion of the Mount Hart soil grid,
suggesting a link to a Late Cretaceous mineralizing event.
Cali Target
The Cali target forms a large 250m x 2.5km long northeast-trending multi-element (Au-As-Sb-Bi-Cu-Pb-Zn) soil
anomaly, including maximum values of 515 ppb Au, 1436 ppm As, 2184 ppm Cu, 1225 ppm Pb and 2670 ppm Zn.
The strongest base metal values appear to occur in sub-zones within the larger anomaly, which remains open along
strike particularly to the southwest. The soil anomaly is located over footwall orthogneisses on the south side of
the Sixtymile-Pika Fault, and mineralization does not appear to extend into the hanging wall metaquartzites. In
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2017 the Company drilled 22 short (< 100m) RAB holes on the Cali target, with several holes intersecting anomalous
gold, silver and copper warranting follow up exploration.
Boucher Target
In the northeastern portion of the Boucher target soil grid, there is a somewhat annular Cu-Mo-Au-Bi anomaly with
values up to 2171 ppm Cu, 44 ppm Mo, 165 ppb Au and 39 ppm Bi. The area of anomalous copper values measures
approximately 900m north-south x 700m east-west. The underlying geology of the Boucher area is not well known
due to a lack of outcrop, however the metal association is indicative of a porphyry Cu-Mo-Au mineralizing system.
The area has been mapped by the Yukon Geological Survey as being underlain by orthogneisses of the Simpson
Range Suite.
Exploration Plans for 2021
Planned exploration work for the 2021 season includes geological mapping and prospecting, fixed-wing airborne
LiDAR surveys, detailed structural and geochemical interpretations, GT Probe soil-bedrock interface sampling,
induced polarization and resistivity surveys, and first-ever diamond drilling on the Cali target. Additional details on
the program will be provided in due course.
Upcoming Virtual Conferences
The Company is pleased to announce participation in the following upcoming virtual conferences, where interested
parties can learn more about the Company’s unique district-scale gold exploration opportunity with significant
defined resources, recent discoveries and new discovery potential in the prolific White Gold District, Yukon, Canada.
Registration and event details can be found below:
Mines & Money EMEA Online Roadshow
Registration: https://minesandmoney.com/online/roadshow.php
Date: May 13, 2021
Time: 8am to 8pm GMT
Mines & Money North American Online Roadshow
Registration: https://minesandmoney.com/online/roadshow.php
Date: May 18, 2021
Time: 8am to 8pm EST
121 Mining EMEA Investment Online
Registration: https://www.weare121.com/121mininginvestment-london/
Date: May 25-27th
Time: 7am to 7pm GMT
Mines & Money 5@5 London
Registration: https://minesandmoney.com/5-at-5/register.php
Date: May 27, 2021
Time: 5pm to 6pm GMT
Very Independent Research Metals Conference 2021
Registration: https://attendee.gotowebinar.com/register/5185425892218867469
Date: June 15, 2021
Time: 12:15pm EST
121 Mining APAC Investment Online
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Registration: https://www.weare121.com/121mininginvestment-hk/
Date: June 15-18th
Time: 6pm to 8pm HKT
QA/QC
Analytical work for the 2020 soil sampling program on the Nolan property was performed by Bureau Veritas Canada
Ltd., an internationally recognized analytical services provider, at its Vancouver, British Columbia laboratory.
Sample preparation was completed at its Whitehorse, Yukon facility, using procedure SS80 (dry at 60° C and sieve
100g to -80 mesh). The analytical procedure used was AQ-201 (15g, aqua regia digestion and ICP-ES/MS analysis).
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 prolific White Gold District. The Company’s flagship White Gold property
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 targets 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 Increase 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" 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.
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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 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 integration 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; 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 deposit; 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, except 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:
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David D’Onofrio
Chief Executive Officer
White Gold Corp.
(647) 930-1880
To Book a Meeting with Management: https://whitegoldcorp.ca/contact/request-information/