White Gold Corp. - Betty Property

Location & Access

The Betty property is located approximately 150 km south of Dawson City and 300 km northwest of Whitehorse in west-central Yukon. The property is strategically located in the southern part of the Company’s land package, approximately 15 km northeast of Western Copper and Gold Corporation’s (TSX: WRN, NYSE: WRN) Casino porphyry deposit (Measured & Indicated Resources of 7.6 Blbs copper and 14.8 Moz gold and Inferred Resources of 3.1 Blb copper and 6.3 Moz gold), and 40 km east of Newmont Corporation’s (NYSE: NEM, TSX: NGT) Coffee gold deposit (Measured and Indicated Resources of 2.1 Moz gold at 1.28 g/t Au and Inferred Resources of 0.2 Moz gold at 1.04 g/t Au).

Currently there is no road access to the Betty property and access is provided by helicopter. However, the proposed Casino Road which forms a component of the Resource Gateway Project, a jointly funded road infrastructure project by the Government of Canada, the Government of Yukon and the mining industry, will pass along the southern boundary of the Property. Fixed-wing airplane access from Dawson City and Whitehorse is available to the Casino airstrip located 15 km to the southwest, and the Canadian Creek barge landing on the Yukon River provides a means of transporting bulk supplies to the project.

Size

860 claims covering approximately 17,125 hectares

Work to Date

Stream sediment sampling, soil sampling, GT Probe sampling, rock sampling, geological and structural mapping and interpretation, LiDAR, ground and airborne geophysics, mechanical trenching, RAB, RC and diamond drilling

Target (Mineralization)

Orogenic gold, Intrusion-related gold, Porphyry copper-molybdenum-gold, Epithermal gold-silver deposits

Qualified Person

Terry Brace, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this project summary.

Overview

The Betty property is underlain by very favourable geology and is highly prospective for several mineral deposit types including orogenic gold, intrusion-related gold, porphyry copper-molybdenum-gold, and epithermal gold-silver deposits. The property is located on the eastern strike extension of the Coffee Creek Fault (“CCF”), which exerts important structural controls on the Coffee deposit. The property includes several high-priority exploration targets including Betty Ford, Betty Ford West, Mascot, Black Betty, Betty White and Betty White East.

Betty Ford

Gold mineralization at the Betty Ford target is hosted in a polylithic breccia unit along an east-west striking splay structure located approximately 1.5 km south of and parallel to the CCF. The target, which 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, was initially RAB drill tested by the Company in 2018 with hole BETFRDRAB18-002 intersecting near surface gold mineralization averaging 1.08 g/t Au over 50.29 m from 4.57 m depth. Drilling in 2021, 2022 and 2023 at Betty Ford continued to intersect a broad zone of near-surface gold mineralization within the polylithic breccia host unit that has returned 1.17 g/t Au over 48.00 m in hole BETFD21D001, 3.46 g/t Au over 50.0 m in BETFD21D003, 1.50 g/t Au over 55.15 m in BETFD22D007, 8.94 g/t Au over 18.29 m in BETFD22RC004 including 21.73 g/t Au over 6.10 m, 3.38 g/t Au over 53 m in BETFD23D013, 2.96 g/t AU over 46.5 m in BETFD23D014 including 5.03 g/t Au over 25 m, and 5.084 g/t Au over 20.85 m in BETFD23D015. Thus far, mineralization has been traced for approximately 175 m along strike and to a vertical depth of 75 m.

The zone remains open primarily to the east for a minimum of 100 m and further evaluation of the target is recommended. In the eastern region of Betty Ford, an approximately 95m wide clast-supported breccia has been identified, which is interpreted to be more distal to the main gold bearing portion of the breccia. Future drilling will be focused in this area to test for additional near-surface gold mineralization along the main breccia, with an interpreted strike length of 500 m which remains open for expansion. Finally, a second, 5-10m wide breccia unit measuring at least 150 m in strike also appears to be present approximately 30-50 m north of the main gold bearing breccia, remaining open. To date, this second breccia has only been intersected in the sulphide domain, with the potential for near-surface gold mineralization in the oxide domain remaining untested.

Betty Ford West

The Betty Ford West target represents a 700 m-long by 150 m-wide gold-in-soil anomaly extending west from the Betty Ford target. The target is defined by a Au, As, and Sb soil anomaly with follow up rock and GT probe samples returning anomalous Au (up to 0.346 g/t). The mineralization is interpreted to be hosted within strongly sericite-altered feldspar augen gneiss and strongly folded biotite schist and gneiss and is associated with disseminated pyrite and arsenopyrite. Based on ground magnetics and an IP survey in the area, mineralization appears to occur at the intersection of the NW-trending and W-trending faults. The western region of the Betty Ford West trend appears to be dextrally offset by a prominent gully fault, with the anomaly continuing westward to form the Grable target. Combined, the Betty Ford West and Grable targets cover an approximate strike length of 1.6 km.

Mascot

The Mascot target is underlain by diorite to granodiorite intrusive rocks and covers a large cluster of gold-in-soil geochemical anomalies measuring 4 km E-W x 4 km N-S. In 2012, previous operator Ethos Gold Corp. (“Ethos”) carried out an RC drilling program at Mascot, completing 61 holes totalling 7,132 m. Ethos’s drilling targeted gold-in-soil anomalies with 50 m sample spacings. In 2020 the Company carried out infill soil sampling at 25 m spacings to better define the gold anomalies at the target. Additionally, a recent structural geological interpretation has improved the Company’s identification of the structural controls on gold mineralization (see Company news release dated August 11, 2021, available on SEDAR). Highlights of diamond and RC drilling at Mascot include 1.48 g/t Au over 9.14 m in BETMAS22RC004, 1.14 g/t Au over 27.43 m in BETMAS22RC005, 7.42 g/t Au over 1.6 m in BETMASD007 and 2.02 g/t Au over 8.6 m and 1.25 g/t Au over 17.35 m in BETMAS22D008.

Black Betty

The Black Betty target forms a 700 m-long gold-in-soil anomaly with locally coincident anomalous Cu-As-Bi. The target is located in the western region of the Betty property and immediately overlies the CCF, along with second-order NW-trending splays of the CCF. Previous field mapping suggests that gold is hosted within strongly quartz-sericite altered felsic augen gneiss, indicating potential for orogenic gold-hosted mineralization similar to the Golden Saddle deposit.

Betty White East

Betty White East, which forms an approximately 2 km-long gold-in-soil anomaly, is located about 7 km southeast of Betty Black and is also positioned along and adjacent to the CCF. Mineralization at the Betty White East target appears to be associated with a series of second-order, NW-trending splays related to the CCF. Gold mineralization appears to be associated with broad areas of strong sericite alteration, localized silicification and deformation of the host rocks, and coincident Ag, As, Cu, Mo, Zn, and Bi soil geochemistry. Geologically, the target is thought to be comprised of a combination of strongly foliated, variably sericite-altered augen gneiss, banded quartzite, and biotite quartz feldspar gneiss. Gold mineralization is interpreted to be vein-hosted and associated primarily with pyrite and lesser arsenopyrite mineralization.

References:

Casino Project, Form 43-101F1 Technical Report, Feasibility Study, Yukon, Canada. Prepared for Casino & Western Copper and Gold by M3 Engineering & Technology Corporation, Effective Date June 13, 2022, Issue Date August 08, 2022.
See Newmont Corporation Form 10-K: Annual report for the year ending December 31, 2023, in the Measured, Indicated, and Inferred Resources section, dated February 29, 2024, available on EDGAR. Reserves and resources disclosed in this Form 10-K have been prepared in accordance with the Regulation S-K 1300, and do not indicate NI43-101 compliance.

Note: All reported widths are those measured along the length of the drill hole and/or trench. True widths are currently unknown.