“The Betty discovery is White Gold’s fourth gold discovery since 2018 and the latest example of what we continue to find across our 439,000 hectare land package. White Gold has over 30 different projects that are all at different stages in terms of readiness to drill. We continue to take a methodical approach to exploration and the advancement of our projects to optimize our chances of success.”

Shawn Ryan, & David D’Onofrio

CTO & CEO, WHITE GOLD CORP.

March 27, 2019

Can you outline White Gold’s most recent company milestones?

SR: 2018 was a very successful year for White Gold; we made multiple high-grade discoveries, expanded our land position and added a new deposit to our portfolio. Our proprietary exploration strategy produced four brand new gold discoveries - Vertigo with 23.44 g/t Au over 24.38 m, Ryan’s Showing with 20.64 g/t Au over 6.09 m, GS West with 2.97 g/t Au over 10.0 m and Betty with 1.08 g/t Au over 50.29 m. We also continue to have a strong exploration pipeline of regional targets across our significant land package. Combining our more than 1 million acres of claims with our regional exploration methodology, we are primed for the continued generation of new discoveries to build our existing resource base.

DD: Our flagship Golden Saddle deposit has had some significant updates since 2017 as well. Originally discovered by Underworld Resources and acquired by Kinross in 2010 for C$140 million, Kinross proceeded to give the Golden Saddle deposit to White Gold while still retaining equity in the project, thus putting the project back into the hands of the people who discovered it and have been working on it for over 15 years, including our VP of exploration, Jodie Gibson, who oversaw the original drilling as part of Underworld. In 2017, we added approximately 300,000 oz to the existing 1 million oz, and in 2018 another 200,000 oz were added to the resource.

In January 2019 a new discovery was announced at White Gold’s Betty property. Can you elaborate on its significance?

SR: Out of all the early stage exploration projects that White Gold has, the Betty property was a favorite for many. The Betty property is contiguous to the Coffee project owned by Goldcorp and is located along the eastern extension of the Coffee Creek fault. In 2018, White Gold started drilling activities on the property, which led to the discovery of near surface gold mineralization. One of the intercept highlights is 50.29 m of gold mineralization at 1.08 g/t, which is just a great example of what we have here.

DD: The Betty discovery is White Gold’s fourth gold discovery since 2018 and the latest example of what we continue to find across our 439,000 hectare land package. White Gold has over 30 different projects that are all at different stages in terms of readiness to drill. We continue to take a methodical approach to exploration and the advancement of our projects to optimize our chances of success. We are not rushed to prioritize one project over the other, and based on our production of discoveries to date, the strategy is definitely working.

What were the reasons behind White Gold’s acquisition of the QV Gold project from Comstock Metals in early 2019?

DD: We knew this acquisition was a great fit for us, as the QV property has undergone extremely limited exploration work to date, and its targets share many similarities with our current assets, including our Golden Saddle deposit and Vertigo discovery. The QV Gold project covers approximately 16,000 hectares in the White Gold District, which brings our total holdings in the region to over 439,000 hectares, or over a million acres.

SR: The QV Gold project is also contiguous to our White property, which hosts our flagship Golden Saddle and Arc deposits, and located 20 km southwest of the Vertigo discovery on our JP Ross property and 44 km northwest of Goldcorp’s Coffee project. The property is thus very strategically located, and the project is just another strategic and attractive complement to White Gold’s large portfolio of high-quality assets in the district.   

What is White Gold’s vision and strategy moving forward?

DD: White Gold is currently in the process of finalizing its budget and focus for 2019. At this stage our efforts will continue to be earlier stage regional exploration, advanced exploration at our White property and phase II exploration at the Vertigo deposit.

Do you have a final message for the readers of Engineering & Mining Journal and Global Business Reports?

DD: White Gold owns a huge part of a relatively unexplored district, which we believe holds significant potential. We have identified ounces in the ground, produced multiple high-grade discoveries and a have world-class team that has been highly successful in the district. We are also operating in a very friendly mining jurisdiction, which only adds to the attractiveness of our projects.

SR: The mining infrastructure already set up in the region is very beneficial for White Gold and the company’s vision to move forward. This is a long-term district scale project of enormous potential – a unique opportunity at an early stage that is set to continue to grow significantly. 2018 was a very successful year, and we are very excited to continue to build upon this success.

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