White Gold announces updated MRE for White Gold project

White Gold (WHGOF) announce an updated Mineral Resource Estimate for its flagship White Gold project located approximately 95 km south of Dawson City in west-central Yukon, Canada. The updated mineral resource includes a significant increase in total gold ounces, including a 18.5% increase in inferred resources and an 4.3% increase in indicated resources. The White Gold project now comprises 1,203,000 ounces of gold in the Indicated Resource category and 1,116,600 ounces of gold in the Inferred Resource category at $2,000/oz gold. The gold resources at the White Gold Project are near surface, almost entirely captured within an open pit, and remain open for expansion in multiple directions with additional opportunities to increase total resources via targets within close proximity. Additional increases to the size of the resource may also be possible through an ongoing analysis of the resource block model and by capturing additional ounces hosted within the Target for Further Exploration area which hosts an additional estimated 10 – 12 million tonnes grading between 1 – 2 g/t Au. These results form part of the Company’s work program supported by strategic partners including Agnico Eagle Mines (AEM) and Kinross Gold Corporation (KGC). “We are very pleased to have further increased the size of our robust flagship deposit which is one of the highest-grade open pit gold resources in Canada of this size or greater owned by an exploration company. Furthermore, significant additional resource growth potential exists on the deposits themselves, as well as in the surrounding areas which has seen only limited exploration and has strong prospectivity for new discoveries. We are also very encouraged by the overall prospectivity of our district scale land package for additional gold and other mineral resource discoveries as this area of Yukon continues to evolve as an emerging Canadian mining camp supported by ongoing mine development efforts, infrastructure initiatives and other investment,” stated David D’Onofrio, CEO. Highlights: Updated MRE includes four gold deposits – Golden Saddle, Arc, Ryan’s Surprise and VG located within close proximity and includes: 17.660 million tonnes of Indicated Resources averaging 2.12 grams per tonne gold for 1.203 million ounces of gold, representing 52% of total resources. 24.472 million tonnes of Inferred Resources averaging 1.42 grams per tonne gold for 1.117 million ounces of gold, representing 48% of total resources. Inferred and Indicated Mineral Resources have increased by 18.5% and 4.3% respectively, compared to the previous 2023 MRE, 97.5% of the resources are near surface and within an open-pit. Indicated Resources of 1.201 million ounces of gold averaging 2.12 grams per tonne gold and open-pit Inferred Resources of 1.061 million ounces of gold averaging 1.38 grams per tonne gold. Mineralization at the Golden Saddle, Arc, Ryan’s Surprise and VG deposits all remain open along strike and down dip to further expand the deposits and in addition to multiple underexplored targets in close proximity. The project also hosts an additional estimated 10 – 12 million tonnes grading between 1 – 2 g/t Au of material classified as a Target for Further Exploration which has not been included in the current resource which may further increase the size of the resource and is currently being evaluated in this regard. The Company is also currently evaluating additional opportunities to further increase the size of the resources by optimizing the block model and wireframes of the Golden Saddle and Arc deposits to add additional tonnage. Additional results from the Company’s 2024 work program to be released in due course.