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White Gold Announces Fully Funded $6 Million 2022 Exploration Program on its District Scale Land Package, Yukon, Canada
TORONTO, May 18, 2022 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce plans for the 2022 explor
About this update from White Gold Corp.
[{"type":"text","content":" TORONTO, May 18, 2022 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the \"Company\") is pleased to announce plans for the 2022 exploration program on its district scale 350,000 hectare land package, representing over 40% of the emerging White Gold District in Yukon, Canada. The 2022 program is designed to further evaluate targets on the Betty and White Gold properties to follow up on 2021 exploration which continued to produce very encouraging results as well as to perform maiden drill testing on several other targets. A significant early-stage regional exploration program is also planned to identify and advance other targets on the Company’s extensive and under explored land package. The 2022 $6 million program is fully funded and is scheduled to commence in the coming weeks, with additional detail on the various components of the program to be released in due course. A district scale map outlining the Company’s 2022 exploration work areas (Figure 1) as well as more detailed figures of key work areas can be found at https://whitegoldcorp.ca/investors/exploration-highlights/. “We expect 2022 to be another exciting year for White Gold as we build on the success of our 2021 program where we made a very significant new high-grade gold discovery on our Betty property and continued to expand the large footprint of mineralization at the Ryan’s Surprise/Ulli’s Ridge Zones. These results further demonstrate the expansiveness of gold mineralization in the White Gold district and the potential for continuing to increase our significant defined gold resources. In 2022 we have designed a very impactful program to further diamond drill test these recent high-grade gold discoveries as well as advance other high-priority targets across our expansive and underexplored land package. Extensive review and analysis performed in the off-season has also provided insightful new interpretations on several projects which we are excited to integrate into our methodical program,” stated David D’Onofrio, Chief Executive Officer Highlights Include: 7,500m of drilling, including 5,000m of diamond drilling, 1,000m of reverse circulation (RC) drilling and 1,500m of rotary air blast (RAB) drilling. Drilling at the Betty Ford target will test for extensions of the near surface breccia-hosted high grade gold zone, where 2021 ma...