White Gold Corp. Announces Significant Increase in Mineral Resources to 1,203,000 oz Gold Indicated and 1,116,600 oz Gold Inferred at the White Gold Project, Yukon, Canada

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White Gold Corp.
White Gold Corp.

Figure 2 MRE FINAL - GS, ARC, RS

Figure 2 MRE FINAL - GS, ARC, RS
Figure 2 MRE FINAL - GS, ARC, RS

Figure 4 MRE FINAL - RS

Figure 4 MRE FINAL - RS
Figure 4 MRE FINAL - RS

Figure 3 MRE FINAL - GS, ARC

Figure 3 MRE FINAL - GS, ARC
Figure 3 MRE FINAL - GS, ARC

Figure 5 MRE FINAL - VG

Figure 5 MRE FINAL - VG
Figure 5 MRE FINAL - VG

Figure 1 MRE FINAL - WHITE GOLD PROJECT

Figure 1 MRE FINAL - WHITE GOLD PROJECT
Figure 1 MRE FINAL - WHITE GOLD PROJECT

TORONTO, Nov. 19, 2024 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce an updated Mineral Resource Estimate (“MRE”) 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 (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) at US$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 Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: 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, Chief Executive Officer.

Maps and images accompanying this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

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