Diamond Drilling At The Betty Ford Target

TORONTO - White Gold Corp. reported that exploration diamond drilling has commenced at the Betty Ford target on the Betty property located in the White Gold District, west-central Yukon, Canada approximately 65 km southeast of the White Gold Project which 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 which remains open for expansion.

Planned drilling at Betty Ford in 2023 will continue to evaluate the zone of near-surface high-grade gold mineralization, which has previously returned intersections of 3.46 g/t Au over 50.00 m (BETFD21D003) and 1.17 g/t Au over 48.0 m (BETFD21D001) during maiden drilling in 2021, and 8.94 g/t Au over 18.29 m (BETFD22RC004) and 1.50 g/t Au over 55.20 m (BETFD22D007) in follow up drilling in 2022. The focus of the 2023 drill program is to test for a mineralized buried porphyry at depth and possible feeder contact/structure for the near-surface gold mineralization. This drill program forms part of the Company’s 2023 fully funded exploration program on its extensive and underexplored 350,000 hectare land package in the emerging White Gold District, Yukon, supported by strategic partners Agnico Eagle Mines Limited and Kinross Gold Corporation.

“We have continued to successfully intersect high-grade gold mineralization extending over 175m since the initial discovery diamond drill hole which returned significant high grade gold mineralization of 3.46 g/t Au over 50m and we are eager to continue to further evaluate the continuity and extensions of the broad zone of near-surface gold mineralization at the Betty Ford target this year. Our Betty property covers the eastern extension of the Coffee Creek Fault. Our systematic exploration approach continues to demonstrate the opportunity for discovering mineralization at surface in this large, underexplored district in a tier one mining jurisdiction, which in addition to our existing large gold resources makes White Gold Corp. such a unique and exciting company,” stated David D’Onofrio, Chief Executive Officer.