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White Gold Further Outlines Two Large Copper-Molybdenum Porphyry Targets in Close Proximity to the Casino Copper-Gold Porphyry Deposit
TORONTO, April 05, 2023 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to provide an exploration update on
About this update from White Gold Corp.
[{"type":"text","content":" TORONTO, April 05, 2023 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the \"Company\") is pleased to provide an exploration update on two large copper-molybdenum porphyry targets on its Pedlar and Hayes properties situated in the southern portion of its 350,000 hectare land package, and located approximately 25 km northeast and 30 km east of Western Copper and Gold Corporation’s Casino copper-gold porphyry deposit respectively. The Casino deposit has Measured & Indicated Resources of 7.6 Blbs copper & 14.8 Moz gold and Inferred Resources of 3.1 Blb copper & 6.3 Moz gold(4) and is contiguous to the Company’s Betty property (see Figure 1). The Company is primarily targeting similar Casino-style porphyry mineralization on these early-stage projects. These results form part of the Company’s 2022 $6 million exploration program on its extensive and underexplored land package in the emerging White Gold District, Yukon, supported by strategic partners including Agnico Eagle Mines Limited and Kinross Gold Corporation. Terry Brace, VP Exploration stated, “Our primary exploration focus is discovering new orogenic gold deposits in the White Gold District and growing our existing gold resources. However, the Yukon is rich in various other metals which is also the case in our large land package. The Bridget porphyry target on the Pedlar property has been known for decades but has seen minimal exploration and no diamond drilling. The Hayes is a recently identified porphyry target and has seen only soil sampling and limited mapping and prospecting. The soil geochemistry anomalies at both targets have the earmarks of large porphyry systems, with apparent mineralization footprints in the order of several kilometres each, which in combination to their proximity to the Casino deposit, make them very compelling targets warranting further exploration work.” “The Yukon is an area with vast mineral potential that remains largely underexplored. The recent investment in the Yukon, and in particular the White Gold District by numerous major mining companies further enhances our belief in the robust mineral potential. White Gold’s large land package and unique exploration methodologies, which have led to several significant high grade gold discoveries already, represents a truly unique district scale opportunity in...