White Gold Corp, is a gold exploration company operating in the prolific White Gold District of Yukon, Canada. Owning a claim portfolio of over 420,000 hectares, representing over 40% of the District, the company's gold resources include its flagship Golden Saddle & Arc deposits containing 1,140,000 oz Indicated at 2.28 g/t Au and 402,100 oz Inferred at 1.39 g/t Au, and its VG resource containing 230,000 oz Inferred at 1.65 g/t Au. The company’s proprietary exploration strategy and experienced management team continues to produce multiple high-grade gold discoveries.
White Gold Corp. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page.
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With the backing of some heavy hitters in the industry, this company is looking to crack the 120-year mystery of where the major gold deposits are in the Yukon.
Technical analyst Clive Maund charts White Gold and explains why the bullish volume on this junior suggests it will probably reverse to the upside soon.
White Gold Corp. released positive assay results from follow-up diamond drilling at its Ulli's Ridge target located at its 420,000 ha property in Yukon, Canada. The firm highlighted that drill hole WHTULR21D004 intersected 19.5 m of 6.5 g/t Au, which included 1.5 m of 39.1 g/t Au. Stifel Nicolaus Canada Inc. commented in a research note that the company is significantly undervalued and that this latest set of drill results may have a positive impact on the company's share price.
White Gold Corp. has put together an impressive portfolio of over 21,000 quartz claims and now owns claims encompassing more than 40% of the Yukon White Gold District. The company has already succeeded in verifying gold resources of nearly two million ounces and is heavily backed by two major gold producers. In the coming weeks, the firm is expected to announce additional assay results from diamond drilling conducted during Q4/21 at two of its newest promising targets.
In part two of a two-part series, Streetwise shares more insight from White Gold CEO and Director David D'Onofrio about the company's new and exciting discoveries that include the Betty property, which intercepted 3.46 g/t Au over 50m on its maiden diamond drilling program this year, and the Ryan’s Surprise/Ulli’s Ridge district.
White Gold Corp. continues to deliver a steady flow of highly positive drill results and new discoveries at its 420,000 ha White Gold District property near Dawson City, Yukon. The Company has teamed up with two renowned gold producers that see vast potential in the district scale property and have made significant equity investments in the company. Analysts who cover the company believe that the firm is greatly undervalued and have issued "Buy" ratings and price targets that are far above the firm's current share price.
In a Streetwise Live! Broadcast on Dec. 6, 2021, Stifel analyst Stephen Soock noted why now is a good time to invest in gold and, specifically, in White Gold Corp. Two of the companies' executives, David D'Onofrio, CEO, and Shawn Ryan, co-founder and technical adviser, shared what differentiates this exploration company from others and what it offers investors.
White Gold Corp. will use an investment of CA$9 million through strategic partner and investor Agnico Eagle Mines Ltd. for working capital and general corporate purposes. But the transaction has another benefit: It gives White Gold access to a tremendous level of expertise across all areas of mining.
Diamond drilling results from White Gold Corp.'s Ryan's Surprise and Ulli's Ridge targets demonstrate significant potential to increase the global resource from 1.5 Moz Au to over 2 Moz Au at the company's Golden Saddle/Arc property. Stifel Nicolaus Canada Inc. commented in a research note that it has a "Buy" rating for White Gold and that a re-rating for the firm's shares is likely should it reach the 2 Moz mark.
"The fact that White Gold's drilling hit fairly wide zones of high grade at shallow depth bodes well for both the mineral endowment and mineability of the emerging zone," noted a Stifel report.
Has the Klondike Gold Rush 2.0 quietly begun? Modern technologies and a century of accumulated know-how are catalyzing new discoveries in the Yukon, and one company at the center of the action is White Gold Corp. CEO David D'Onofrio was bullish in an interview with Streetwise Reports: "From a risk/reward perspective, I can't think of a better opportunity."
Steve Palmer, founding partner, President and Chief Investment Officer of AlphaNorth Asset Management, talks with Streetwise Reports about several small-cap companies from three sectors that he has been following.read more >
Bob Moriarty of 321 Gold discusses a Canadian explorer with a project in the Yukon he is putting his money on.read more >
Expert Comments:
Clive Maund, CliveMaund.com
(4/3/22)
"The technical condition of White Gold Corp. stock has improved. . .the improvement in the volume pattern and volume indicators in recent weeks is supportive of another uptrend soon. This being so, the dip of the past few days is viewed as presenting another buying opportunity. . .the long-term outlook for the company is very positive."
Clive Maund, CliveMaund.com
(2/6/22)
"With the converging boundaries of the pennant of White Gold Corp.'s stock now starting to close up and volume continuing to dwindle to a now low level, everything is in place for renewed advance. The relatively buoyant on-balance volume line and the proximity of quite strong support make it unlikely that it will break lower from here. . . the outlook for the company remains very positive."
Clive Maund, CliveMaund.com
(12/12/21)
"White Gold Corp. stock broke higher on Friday on good volume from a bullish falling wedge and looks like it is starting another upleg. Thus the company is rated an Immediate Buy provided that it doesn't gap up big tomorrow morning."
Bob Moriarty, 321 Gold
(12/9/21)
"What makes White Gold Corp. especially interesting to me is that both Agnico Eagle and Kinross have major share positions. The two companies were equal in stock position at 17.1M shares until recently when White Gold announced Agnico has increased its share position to 19.9% with an investment of about $9M million in flowthrough and nonflowthrough shares with no warrants at an above market price."
Stephen Soock, Stifel
(11/1/21)
"White Gold Corp. released rotary air blast drill results from Ulli's Ridge, just 3 km from the 1.54 Moz Golden Saddle/Arc deposit; assays returned strong grades over good width at shallow depths (less than 100m) over 500m of strike. . .we think this could be the proximal deposit needed to get the area to greater than 2 Moz and be an attractive carveout target for a major."
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High-grade, open pittable gold deposit of almost 1.8M ounces in a tier 1 mining jurisdiction
Large property portfolio consisting of 31 properties over 420k+ hectares, largest single landholder in the White Gold District, home of the Klondike gold rush.Properties are extremely prospective with many having never seen any drilling (i.e. Bonanza
Led by experienced management with a strong track record of significant discoveries (Shawn Ryan), complimented by a suite of highly effective strategic partners: PowerOne Group, Agnico Eagle, Kinross.