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White Gold Corp. Encounters Broad Near Surface Gold-Bearing Structure with High Density Quartz Veining in All Holes on Newly Discovered 2.2 km+ Chris Creek Gold Target
TargetTarget(US:TGT) GlobeNewswire News Roomยท2025-02-27 13:31

Core Viewpoint - White Gold Corp. has announced promising results from its 2024 exploration diamond drilling programs at the QV and Betty properties in the White Gold District, Yukon, Canada, particularly highlighting the Chris Creek target which shows significant gold mineralization potential [1][2][3] Group 1: Chris Creek Target - The Chris Creek target has been confirmed to contain a thick zone of gold mineralization over a 400 m strike length, with the anomaly extending over 2.2 km and remaining open for expansion [2][5] - Initial drilling at Chris Creek involved 6 holes totaling 1,082 m, all of which intersected gold mineralization within a broad structure up to 50 m wide, associated with quartz-tourmaline and carbonate-hematite veins [5][12] - The gold mineralized zone shows continuity along strike and down-dip, with future work planned to identify areas of higher-grade gold mineralization [5][13] Group 2: QV Property Overview - The QV property comprises 1,003 quartz claims covering 19,671 hectares and hosts the VG deposit, which contains an inferred resource of 295,500 ounces of gold at an average grade of 1.47 g/t [35][38] - The Chris Creek target is part of a larger mineralized system on the QV property, which measures over 5.2 km in strike length and includes multiple other prospective targets that have not been drilled [5][9] Group 3: Betty Property - At the Betty property, six holes totaling 1,130.8 m were drilled across three targets: Black Betty, Betty White East, and Betty Ford, with varying results indicating potential for further exploration [11][21] - The Black Betty target returned the highest-grade gold of the Betty drill program, with 11.6 g/t Au over 1.10 m, while other targets showed limited significant gold values [23][30] - The Betty property is strategically located near significant gold deposits, including Newmont Corporation's Coffee gold deposit and Western Copper and Gold Corporation's Casino porphyry deposit, enhancing its exploration potential [20][38] Group 4: Future Exploration Plans - The company is preparing a fully funded 2025 exploration program to follow up on successful results from 2024 and to test new targets, with details to be released once finalized [11][21] - The ongoing exploration planning includes further testing of the identified targets on the Betty property and expanding exploration on the Chris Creek target [11][21]