White Gold Corp. has reported additional positive assay results from the 2022 drill program at the Betty Ford target, on its Betty property from a drill hole, which intersected 8.94 g/t Au over 18.29 m from 35.05 m depth, including 21.73 g/t Au over 6.10 m from 45.75 m depth. The Betty property (Figure 1) is contiguous to and approximately 40 km east of Newmont Corporation’s Coffee Gold deposit (Measured & Indicated Resources of 2.14 Moz gold and Inferred Resources of 0.23 Moz gold(3)) and 15 km northeast of Western Copper and Gold Corporation’s Casino porphyry deposit (Measured & Indicated Resources of 14.8 Moz gold & 7.6 Blbs copper and Inferred Resources of 6.3 Moz gold and 3.1 Blb copper). 
These assays represent positive results from the Company’s 2022 fully funded $6 million 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 (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC).
“We are very excited to have encountered additional near surface very high-grade gold over significant widths at the Betty Ford Target. This hole was located over 100m from the exciting high grade hole last year (3.46g/t over 50m) with the zone remaining open along strike. These results represent the highest grades encountered on the Betty Ford target to date and have further extended the strike length. We look forward to continuing to explore this exciting target in such close proximity to other very significant deposits” stated David D’Onofrio, CEO.
Maps accompanying this news release can be found at https://whitegoldcorp.ca/news/.
Highlights:
- Hole BETFD22RC004 on the Betty Ford target intersected 8.94 g/t Au over 18.29m from 35.05m depth, including 21.73 g/t Au over 6.10m from 45.75m depth, which has extended gold mineralization along strike to the west for a total of 165m and remains open.
- 2022 drilling at Betty Ford focused on testing the depth and strike extents of the gold mineralized zone identified in last season’s maiden diamond drilling program which included 3.46 g/t Au over 50.0m in hole BETFD21D003 and 1.17 g/t Au over 48.0m in BETFD21D001.
- Additional results from the 2022 exploration program will be announced in due course as results are received and interpreted. The 2022 program has been designed to advance prospective new targets on the Betty and other properties and to increase the Company’s significant gold resources on the White Gold property.
Betty Ford 2022 Results
The 2022 Betty Ford drill program comprised 5 diamond drill holes totalling 933.0m and 2 RC holes totalling 201.16m (Figure 2). Reverse circulation (RC) hole BETFD22RC004 was drilled from the same drill pad as hole BETFD21D001 (1.17 g/t Au over 48.0m) at an azimuth of 230° (southwest) and dip of -50°.
The hole intersected near surface gold mineralization (Figure 3) grading 8.94 g/t Au over 18.29 from 35.05 m downhole, which included a high-grade subinterval of 21.73 g/t Au over 6.10 m from 45.72 m downhole (see Table 1). This extends the gold mineralized zone on the Betty Ford an additional 35m along strike to the west, with the total strike length currently at 165m.
Table 1. Summary of Gold Assay Results for Hole BETFD22RC004 at the Betty Ford Target.
* Note: All drill hole intercepts reported herein are core lengths.
Currently there is insufficient data to estimate true thicknesses.
Additional details on the Betty Ford target are provided in a news release issued by the Company on November 28, 2022 (available on SEDAR). The Company continues to review and interpret data to better understand the geology and nature of gold mineralization at the Betty Ford target. Over the coming months the Company’s geologists and consultants will be carrying out a thorough review and detailed interpretation of all existing exploration and drilling data. Follow-up diamond drilling at the Betty Ford target next season will focus on tracing the near-surface extensions of the gold zone that has now been identified in multiple holes.
Betty Ford Target
The Betty Ford target is located at the centre of the Betty property and forms an approximately 1 km long east-west trending gold-in-soil anomaly with gold values ranging from trace up to 1,961 ppb Au. Bedrock exposure in this area is extremely limited and existing property-scale geology maps indicate the area is underlain predominately by metasedimentary rocks comprising quartzite and muscovite and/or biotite schists. The Betty property is strategically located on the eastern extension of the Coffee Creek Fault, which hosts Newmont’s Coffee deposit.
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