White Gold Corp. Commences Diamond Drilling at the Betty Ford target, White Gold District, Yukon, Canada

TORONTO, July 06, 2023 (GLOBE NEWSWIRE) — White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the “Company”) is pleased to announce that exploration diamond drilling has commenced at the Betty Ford target on the Betty property located in the White Gold District, west-central Yukon, Canada (Figure 1) approximately 65 km southeast of the Company’s flagship White Gold Project which comprises 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the Inferred Resource category⁽¹⁾ which remains open for expansion. The Betty property is located approximately 40 km east of Newmont Corporation’s Coffee gold deposit (Indicated Resources of 2.14 Moz gold and Inferred Resources of 0.23 Moz gold⁽²⁾) and 15 km northeast of Western Copper and Gold Corporation’s Casino porphyry deposit (Measured & Indicated Resources of 14.8 Moz gold & 7.6 Blbs copper and Inferred Resources of 6.3 Moz gold and 3.1 Blb copper⁽³⁾). Planned drilling at Betty Ford in 2023 will continue to evaluate the zone of near-surface high-grade gold mineralization, which has previously returned intersections of 3.46 g/t Au over 50.00 m (BETFD21D003) and 1.17 g/t Au over 48.0 m (BETFD21D001) during maiden drilling in 2021, and 8.94 g/t Au over 18.29 m (BETFD22RC004) and 1.50 g/t Au over 55.20 m (BETFD22D007) in follow up drilling in 2022. The focus of the 2023 drill program is to test for a mineralized buried porphyry at depth and possible feeder contact/structure for the near-surface gold mineralization. This drill program forms part of the Company’s 2023 fully funded exploration program on its extensive and underexplored 350,000 hectare land package in the emerging White Gold District, Yukon, supported by strategic partners Agnico Eagle Mines Limited (TSX:AEM, NYSE:AEM) and Kinross Gold Corporation (TSX:K, NYSE:KGC).

Read more at globenewswire.com