White Gold Corp. announced an updated Mineral Resource Estimate for its White Gold project located approximately 95 km south of Dawson City in west-central Yukon, Canada. The White Gold project now 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.

Exploration programs supporting the MRE have been backed by partners Aggnico Eagle Mines Limited and Kinross Gold Corporation. Updated MRE includes four gold deposits Golden Saddle, Arc, Ryans Surprise and VG, within 12km of each other, and comprises: 16.11 million tonnes of Indicated Resources averaging 2.23 grams per tonne gold for 1.153 million ounces of gold, representing 55% of total resources. 18.99 million tonnes of Inferred Resources averaging 1.54 grams per tonne gold for 0.942 million ounces of gold, representing 45% of total resources.

Updated MRE includes a maiden resource estimate for the Ryans Surprise deposit with an Inferred Resource of227,700 ounces of gold averaging 1.97 grams per tonne gold. The Ryans Surprise deposit is located 1.5 km west of the Golden Saddle and Arc deposits, and along the Ryans Trend, a 6.5 km long gold-arsenic geochemical anomaly which hosts additional prospective gold targets. Inferred Mineral Resources have increased by 41% compared to previous MREs for the Golden Saddle and Arc deposit in 2020 and the VG deposit in 2021.

94% of the resources are near surface, with open-pittable Indicated Resources of 1.125 million ounces of gold averaging 2.20 grams per tonne gold and open-pittable Inferred Resources of 0.853 million ounces of gold averaging 1.46 grams per tonne gold. Mineralization at the Golden Saddle, Arc, Ryan's Surprise and VG deposits all remain open along strike and down dip, with opportunities to further expand and upgrade resources in addition to multiple underexplored targets in close proximity to the deposits. The Company is currently planning its fully funded 2023 exploration program, focusing on recent high-grade gold discoveries and undrilled targets with details to be announced in due course.