WHITE GOLD CORP ORD - WHGOF STOCK NEWS

White Gold Corp has announced a non-brokered private placement to raise $4.5 million through the sale of various share types. The offering includes flow-through shares at C$0.26, critical mineral flow-through shares at C$0.27, and common shares at C$0.22.

The company's flagship project hosts four near-surface gold deposits containing approximately 1,203,000 ounces of gold in Indicated Resources and 1,116,600 ounces in Inferred Resources. The proceeds will fund Canadian exploration expenses in the White Gold District of Yukon Territory, with a closing date expected around December 20, 2024.

White Gold Corp is exploring opportunities to create a new critical minerals entity from its portfolio in the White Gold District, Yukon. The company's land package includes significant targets for copper, molybdenum, tungsten, antimony, zinc, and bismuth. Key targets include the Bridget, Isaac, Mascot, Aries, Mount Hart, and Guilder properties. The Bridget target features a large 3km x 3.5km copper-molybdenum porphyry target with soil samples up to 321.9 ppm Mo and 710.1 ppm Cu. The company aims to unlock value from these critical mineral opportunities while maintaining its successful gold exploration program.

White Gold Corp announced an updated Mineral Resource Estimate for its flagship White Gold project in Yukon, Canada. The project now comprises 1,203,000 ounces of gold in the Indicated Resource category (17.7 million tonnes averaging 2.12 g/t Au) and 1,116,600 ounces of gold in the Inferred Resource category (24.5 million tonnes averaging 1.42 g/t Au). This represents an 18.5% increase in inferred resources and a 4.3% increase in indicated resources. The resources are near surface, with 97.5% within open pit potential, and remain open for expansion. The project includes four gold deposits - Golden Saddle, Arc, Ryan's Surprise and VG - with additional potential from 10-12 million tonnes grading 1-2 g/t Au in Target for Further Exploration areas.

White Gold Corp. announced that surface rock sampling has revealed gold along with silver and tellurium in altered and mineralized intrusive rocks over a 1.25 km section of the 2.2 km Chris Creek target on its QV property. The Chris Creek target is located 9 km northwest of the VG deposit and shares similarities with the VG and Golden Saddle deposits. The White Gold Project in Yukon, Canada, comprises 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in Indicated Resource and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in Inferred Resource.

The 2024 exploration program included 787 soil samples, 5 VLF-EM survey lines, 14 rock samples, and maiden diamond drilling. Notably, rock samples returned anomalous gold values up to 1.09 g/t Au. The anomaly is part of a larger 5.2 km mineralized trend. The results support the effectiveness of the company's exploration protocol in discovering and advancing new targets. Drilling results are pending.

White Gold Corp. encountered its highest gold values to date, extending the gold-in-soil anomaly on its QV property to 2.2 km. The anomaly, located 9 km northwest of the VG deposit, shares similarities with the VG and Golden Saddle deposits of the company’s flagship White Gold Project in Yukon, Canada. The 2024 soil sampling program refined this anomaly with 787 samples, registering gold values from < 0.5 ppb to a maximum of 600 ppb. A significant 29 samples exceeded 80 ppb, showing high continuity of gold values. Supported by strategic partners like Agnico Eagle Mines and Kinross Gold, the company plans a maiden diamond drill program to start soon, testing up to 800 m of strike length.

White Gold Corp. has announced a fully funded 2024 exploration program for its 315,000-hectare land package in Yukon's White Gold District. The area includes the flagship White Gold Project, which has 1,152,900 ounces of gold in Indicated Resources and 942,400 ounces in Inferred Resources. The 2024 plan will include diamond drilling at the Betty and QV properties, targeting newly discovered anomalies and high-priority zones. Betty property will undergo drilling at Black Betty, Betty White East, and Betty Ford West, while QV will focus on a 1 km long gold-in-soil anomaly. Additional regional exploration will involve geological mapping, soil geochemistry, and ground magnetics surveys.

White Gold Corp. provides exploration update on Bridget and Isaac porphyry targets in the White Gold District, Yukon, indicating potential for large copper-gold-molybdenum porphyry deposits. The targets show promising chargeability anomalies and geochemical zonation, with deep IP surveys revealing significant mineralization. The company plans a fully funded 2024 exploration program to further assess these targets.

White Gold Corp. (WHGOF) announces participation in key investor conferences and showcases significant gold resources in the White Gold Project in Yukon, Canada.

White Gold Corp. announces a new 1 km long gold-in-soil anomaly on the QV property in Yukon, Canada, with soil sampling results ranging up to 496.7 ppb Au. The anomaly shows similarities to the VG and Golden Saddle deposits, forming part of the White Gold Project. The Company's 2023 exploration program in the White Gold District, supported by strategic partners, has led to significant gold discoveries.