Sampling discovers more than 1,000-meter-long gold-in-soil anomaly that shares characteristics with nearby VG and Golden Saddle deposits.

White Gold Corp. Feb. 22 announced that its 2023 soil sampling program identified a 1,000-meter-long gold-in-soil anomaly about nine kilometers (5.6 miles) northwest of the VG deposit on the QV property that has all the hallmarks similar to the Golden Saddle deposit on the company's nearby White Gold project in Yukon, Canada.

"We are very pleased with the successful soil survey program which has identified a large new target on the QV property in close proximity to our existing deposit," said White Gold CEO David D'Onofrio. "The strike length, continuity, and similarities of the soil anomaly relative to the surface geochemical signatures of our Golden Saddle and VG deposits represents an exciting new target."

Located roughly 95 kilometers (59 miles) south of Dawson City and about 11 kilometers (seven miles) north of White Gold's namesake property, QV is part of a roughly 350,000-hectare (864,869 acres) land package held by the company that covers approximately 40% of the Yukon's White Gold District.

The Golden Saddle, Arc, and Ryan's Surprise deposits on the White Gold property, and the VG deposit at QV host a combined 16.11 million metric tons of indicated resource averaging 2.23 grams per metric ton (1.15 million ounces) gold; and 18.99 million metric tons of inferred resource averaging 1.54 g/t (942,400 oz) gold.

With an enticing new target, that's within relative earshot of the main bulk of its resources, White Gold is eager to unlock this latest discovery.

QV soil sampling

The 2023 survey that made the new gold-in-soil discovery at QV involved the collection of roughly 200 samples on two grids located east (East Grid) and west (West Grid) of Chris Creek. Soil samples were collected at 50-meter spacings, on 100-meter survey lines.

White Gold says that samples returned gold values as high 469.7 parts per billion, or 0.47 g/t gold, with 10 samples on the East Grid returning greater than 50 ppb gold in the range of 51.1 to 327 ppb gold.

The gold anomaly is also stated as associated with anomalous tellurium and low arsenic-in-soils, representing a surface geochemical signature similar to the nearby VG deposit, and the further southeastern Golden Saddle deposit.

"Our data driven exploration methodology which has now led to multiple significant gold discoveries in the district, continues to demonstrate the prospectivity of our underexplored district scale exploration portfolio in the Yukon where we are still just scratching the surface, and the expansiveness of gold mineralization in this tier one mining district," said D'Onofrio.

Overall, the newly identified east-west trending soil anomaly at QV measures approximately 1,000 meters in length and is still open along strike to the east and west beyond the limits of the current soil sampling.

Encouraged by its latest discovery, White Gold aims to conduct additional infill soil sampling at 25-meter spacings, extend soil sampling along the strike zone, organize GT-Probe bedrock interface sampling, as well as ground magnetics and very low frequency electromagnetic geophysical surveying to further advance and evaluate this new target for possible drill testing.