Gold Junior Discovers Excellent High-Grade Drill Targets in Yukon's White Gold District

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

White Gold Corp. (WGO:TSX.V; WHGOF:OTCQX; 29W:FRA) has released results of its Induced Polarization (IP) and resistivity ground geophysical programs conducted at the Guilder target on the Loonie Property and the Mt. Hart target on the Nolan Property, located in the White Gold District of west-central Yukon, according to a May 19 release.
These IP surveys were strategically carried out to probe beneath extensive multi-element soil geochemical anomalies and complex structural corridors that were identified through recent LiDAR and VLF-EM surveys, the release said.

The survey results have successfully delineated multiple compelling, drill-ready chargeability anomalies, White Gold said. These anomalies demonstrate a strong spatial correlation with interpreted structural conduits and zones of magnetite-destructive alteration, as well as metal zonation patterns typical of porphyry and epithermal systems. These findings have prompted plans for follow-up programs, which include ground truthing, structural mapping, trenching, and most critically, the initiation of diamond core drilling.

"The integration of our IP geophysics with our robust geochemical and structural datasets has fundamentally advanced our understanding of both the Guilder and Mt. Hart targets," Vice President of Exploration Dylan Langille said. "At Guilder, we are seeing deep chargeability features aligning perfectly with the NW-trending structural corridor that hosts our copper-gold soil anomaly, strongly mirroring a known porphyry system in the area. At Mt. Hart, the IP data has illuminated the structural architecture controlling the high-grade epithermal and porphyry-style signatures mapped at surface."

Specifically, at the Mt. Hart target, anomalies DM-1 and DM-2 showed the most pronounced chargeability and resistivity contrasts under the areas with the most intense multi-element soil anomalies. These will be prioritized for immediate trenching and subsequent drilling, the company said.

On the Guilder target at the Loonie property, two high-priority targets, IPDG-2 and IPDG-5, have been identified. These targets will be included in the company's previously announced plans to spin out critical mineral assets into W2 Critical Minerals Corp., a new exploration entity focused on critical minerals in the Yukon.

"These results further underscore the significant discovery potential across our truly district-scale land package in this prolific district," White Gold Corp. Chief Executive Officer David D'Onofrio said. "Discovering and advancing early-stage exploration targets remains a core pillar of our exploration pipeline strategy, enabling White Gold to continuously generate new discoveries and drill targets while simultaneously advancing our advanced flagship White Gold Project, which ranks among Canada's highest-grade undeveloped open-pit gold deposits."

He continued, "With an exceptional team in place, we are well positioned to continue to make new discoveries, grow our resources, and take them through the ongoing Maiden PEA and beyond."

Gearing Up for Largest Exploration Program Ever

Looking ahead, White Gold Corp is gearing up for its largest exploration program in 2026, aimed at significantly expanding its high-grade gold resources and continuing to discover gold and critical minerals. The company also plans to deliver a maiden Preliminary Economic Assessment (PEA) for its flagship White Gold Project and advance environmental baseline studies to support future permitting and production decisions. Additionally, the completion of the W2 Critical Minerals Corp. transaction is anticipated, which will spin out significant critical mineral assets into a new publicly listed entity, providing White Gold shareholders with shares in this new venture.

The exploration activities at White Gold Corp's Guilder and Mt. Hart targets have yielded promising results, highlighting significant potential for porphyry and epithermal mineralization.

At the Guilder target on the Loonie Property, a comprehensive integration of various geophysical data sets has been conducted. Prior to 2025, the integration of 2024 VLF-EM data, detailed LiDAR structural interpretation, and ground magnetics helped identify the "Guilder Fault," a prominent structural corridor that is 275 meters wide and trends NW-SE. This corridor is characterized by a sharp magnetic contact that delineates different geological formations.

An IP survey covering 23.6 line-kilometers was deployed to probe beneath this corridor, aiming to locate the buried porphyry source suggested by surface geochemistry, the release said. The survey successfully outlined three geophysical domains, with Domain DM-2 showing significant chargeability and conductivity coinciding with the Guilder Fault and the core of the copper-molybdenum soil anomaly. This domain is interpreted as a major structural conduit or alteration zone linked to a buried porphyry system. Two high-priority, drill-ready targets, IPDG-2 and IPDG-5, were identified, each presenting classic signatures indicative of a porphyry system.

Meanwhile, the Mt. Hart target on the Nolan Property is underlain by the Late Cretaceous Prospector Mountain Intrusive Suite, with its emplacement controlled by the WNW-trending Mt. Hart thrust fault, the company said. The area is known for its extensive multi-element soil anomaly and structurally controlled mineralization occurring in NE-trending sheeted chalcopyrite-bearing shear veins. An IP survey spanning 32.2 line-kilometers was conducted to explore beneath the Carmacks Volcanics, which are thought to act as a cap rock for a deeper porphyry system. The survey illuminated the structural and alteration architecture at the surface, identifying 26 chargeability axes across five domains. Notably, two distinct mineralizing centers were confirmed: Enchantment Ridge and North Mt. Hart. Enchantment Ridge features strong, shallow chargeability anomalies that align with intense Au-As soil geochemistry, interpreted as the epithermal expression of a porphyry system. North Mt. Hart is characterized by deep chargeability anomalies associated with intense potassic alteration and a spectrum of anomalous multi-element geochemistry.

Encouraged by these findings, White Gold said it plans to conduct extensive follow-up programs, including ground truthing, structural mapping, trenching, and, importantly, the initiation of diamond core drilling. The company also intends to expand geophysical survey programs across both properties to further define and explore other prospective targets.

Expert: Company Controls 40% of White Gold District

According to 321gold.com's Bob Moriarty, "Led by the world-famous Shawn Ryan, the company controls about 40% of the White Gold district." Moriarty told Streetwise Reports that "with Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) as a 19% shareholder, it's pretty easy to suggest the company will be an early stage buyout target."

Moriarty also noted the company has "one of the most qualified technical teams in Canada."

The company plans a 25,000-meter fully funded drill program for 2026 with a PEA scheduled for H12026, he said.

A May 20 report by A.J. Roan for North of 60 Mining News noted that White Gold's land package spans about 305,102 hectares across 21 properties in the White Gold District, including its flagship White Gold project roughly 95 kilometers south of Dawson City.

"While the company has continued advancing its namesake gold project toward a maiden preliminary economic assessment, White Gold has also recently been building a separate pipeline of copper, molybdenum, tungsten, and other critical mineral targets across the same district-scale land package," Roan wrote. "That pipeline includes Guilder on the Loonie property and Mt. Hart on the Nolan property, two early-stage targets where previous soil sampling, mapping, geophysics, and structural work outlined broad multi-element anomalies and corridors prospective for porphyry and epithermal mineralization."

Roan continued, "The company said its fully funded 2026 exploration program will be the largest in its history, aimed at increasing high-grade gold resources, advancing the maiden preliminary economic assessment at its flagship White Gold project, continuing environmental baseline studies, and completing the W2 Critical Minerals spin-out."

The Catalyst: Gold Faces Challenges, But Experts Are Optimistic

The gold market is currently facing challenges in surpassing the US$4,500 per ounce mark as bond yields escalate due to increasing inflation concerns, according to a report by Neils Christensen for Kitco News on May 20. Analysts have pointed out that the rising yields on long-term bonds heighten the opportunity cost of holding gold, a non-yielding asset, making the environment tough for precious metals. Despite these challenges, spot gold recently saw a slight increase, trading at US$4,493.60 an ounce, up by 0.28%.

Ole Hansen, the Head of Commodity Strategy at Saxo Bank, has noted that while gold maintains strong long-term fundamentals globally, investor focus remains on the immediate uncertainties. The ongoing conflict in the Middle East, particularly the war in Iran, which has led to the closure of the Strait of Hormuz, continues to disrupt global supply chains and drive commodity prices higher, with oil prices notably surpassing US$100 a barrel.

"Higher energy prices feed directly into inflation and, by extension, government bond yields, while also lending support to the U.S. dollar," Hansen said, according to Christiansen. He added that this scenario creates a challenging environment for gold, as rising yields and a stronger dollar dampen its demand, complicating its typical role as a safe-haven asset.

With 10-year bond yields reaching their highest since mid-January 2015 and 30-year bond yields climbing above 5% — the highest in two decades — analysts are beginning to question when these high yields might start to hinder economic activity. Hansen suggested in a note to Kitco News that gold could potentially thrive as a safe-haven asset if faith in the bond markets begins to wane.

However, he remarked, "The market is struggling to cope with more than one theme at a time. Right now, it's the higher oil price linked to inflation and yields that's in the driving seat, but a continued rise in yields may well end up being positive for gold given the fiscal debt worries it raises."

On Sunday, JPMorgan revised its gold price forecast for 2026, lowering the expected average to US$5,243 per ounce from an earlier projection of US$5,708, as reported by Reuters on May 19 and published by Mining.com. This adjustment was primarily due to a noticeable decline in near-term demand, with investor interest waning significantly. JPMorgan analysts have observed this trend through various market indicators, noting in a recent report that COMEX aggregate gold futures open interest and volume have been subdued, net Managed Money futures open interest has remained at minimal levels, and there has been scant activity in ETF flows.

This revision by JPMorgan came shortly after ANZ also reduced its year-end gold price target to US$5,600 on Friday, according to Reuters. ANZ attributed its adjustment to factors including rising inflation expectations, increasing yields, and a strengthening dollar, which are expected to continue placing downward pressure on gold prices.

Despite these near-term headwinds, JPMorgan maintains a positive outlook for gold in the medium term. The bank anticipates that gold prices could climb to as high as US$6,000 per ounce by the end of 2026. This optimism is based on the expectation that demand for gold will rebound in the second half of the year as uncertainties surrounding energy and inflation start to ease, potentially sparking renewed interest from both investors and central banks.

Ownership and Share Structure¹

Management and insiders hold 17.46% of White Gold, institutions own 4.45%, and strategic entities hold 18.9%. The rest is retail.

White Gold has a market cap of CA$425.37 million, 221.55 million shares outstanding, and a 52-week trading range of CA$0.25 – CA$2.38.