White Gold Corp. Reports 2026 Exploration Progress at White Gold and QV Properties in Yukon

TSXV: WGO | OTCQX: WHGOF | FSE: 29W

Overview

White Gold Corp. (TSXV: WGO) (OTCQX: WHGOF) (FSE: 29W) provided an update on July 29, 2026, on its fully funded 2026 exploration program across its district-scale land package in the White Gold District in Yukon, Canada. According to the company, the primary objective of the 2026 program is to expand known gold resources by targeting high-probability near-deposit mineralization on its Golden Saddle, Arc, Ryan's Surprise, and VG deposits, and to make new discoveries in close proximity to these deposits.

The company reported that 18 diamond drill holes totaling approximately 7,000 meters have been completed to date in 2026, with three drill rigs currently in operation. The 2026 program is described by the company as the largest exploration drill program in its history on these deposits. In addition to resource-growth drilling, the company states it has identified multiple new high-priority, advanced discovery-stage targets, including Golden Saddle 2.0 and VG East, and is prospecting and mapping these targets in preparation for diamond drilling.

Key Highlights

• A total of 18 diamond drill holes, totaling approximately 7,000 meters, have been completed to date in 2026, with three drill rigs currently in operation.
• The 2026 fully funded work program, supported by strategic partners including Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM), is targeting 15,000 to 20,000 meters of diamond drilling. The program started on May 28, 2026.
• Golden Saddle: three holes completed, testing expansion of the high-grade core (1.1 million ounces Indicated (12.3 Mt @ 2.84 g/t Au) and 93,000 ounces Inferred (1.4 Mt @ 2.03 g/t Au)) and parallel zones of mineralization in both the hanging wall and footwall.
• VG: five holes completed to extend mineralization down plunge and along strike toward the east.
• Ryan's Surprise: seven step-out holes completed to expand mineralization along strike, both east and west of currently defined mineralization.
• Mapping and prospecting have identified potential new high-priority targets including the Golden Saddle 2.0 and VG East targets.
• Relogging and sampling has commenced on previously unassayed footwall and hanging-wall host rocks at Golden Saddle.
• The Maiden Preliminary Economic Assessment on the White Gold Project is underway and expected to be delivered along with drill assays in the near term.
• 2025 program highlight intervals included 56.10 m of 3.23 g/t Au (WHTGS25D0216) and 50.2 m of 6.89 g/t Au (WHTGS25D0218A) at Golden Saddle.

Deposit-Level Detail

The Golden Saddle deposit contains an open-pit resource of 1.614 million ounces Indicated (31.03 Mt @ 1.62 g/t Au) and 268.7 thousand ounces Inferred (7.84 Mt @ 1.07 g/t Au), defined by 210 drill holes for a total of approximately 61,000 meters, according to the company. Completed drilling in 2026 has tested down-plunge extension of the high-grade ore body (695,000 oz Indicated (4.4 Mt @ 4.88 g/t Au)), as well as parallel zones in both the hanging wall and footwall zones. The company states that remaining drilling will include further extension of main and parallel zones as well as growth along strike toward Golden Saddle West.

The VG deposit comprises 296,000 oz Inferred (6.285 Mt @ 1.46 g/t Au), defined by 65 drill holes for a total of approximately 7,600 meters. Gold mineralization is modelled to a maximum vertical depth of 200 m. The Ryan's Surprise deposit contains 293,400 oz Inferred (5.820 Mt @ 1.57 g/t Au) defined by 35 drill holes for a total of approximately 8,370 meters. The mineralization footprint at Ryan's Surprise measures approximately 550 m north-south by 500 m east-west to a vertical depth of 650 m and remains open along strike and at depth. The Arc deposit contains 115,800 oz Indicated (4.113 Mt @ 0.88 g/t Au) and 397,000 oz Inferred (12.25 Mt @ 1.01 g/t) across a 1.5 km strike length, defined by 73 drill holes for a total of approximately 15,000 m. The company states that drilling on the Arc target is planned for the second half of the exploration program.

New Discovery Targets

The Golden Saddle 2.0 target is located approximately 2.5 km east-southeast of the Golden Saddle deposits, on the south side of the east-west strike-slip sinistral fault that the company states acts as a primary structural control on the Golden Saddle and Arc deposits. According to the company, extensive spatial and geophysical analysis indicates that Golden Saddle 2.0 exhibits a geological and geophysical signature comparable to that of Golden Saddle. Rock samples collected in 2026 demonstrate a suite of lithologies, alterations, structural fabrics, and mineralization the company describes as comparable to those observed at Golden Saddle. Follow-up plans for this untested target are being evaluated, according to the company.

The VG East target is situated approximately 1.3 km ENE of the currently defined VG deposit and is defined by a 500-meter by 200-meter high Au-in-soil anomaly that the company states remains yet to be drilled. Current interpretation by the company suggests faulting may have displaced a portion of the VG deposit to the east. The company states that drilling is planned for this untested target.

Yukon Grid Connectivity

The company notes that on June 26, 2026, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, announced that the federal government will prioritize financial and regulatory support for five priority transmission projects across Canada, including an approximately 800-km, +200-kV, high-voltage, direct-current transmission line connecting Yukon's grid to British Columbia. The announcement advances the federal government's National Electricity Strategy, launched by Prime Minister Mark Carney on May 14, 2026, which aims to double the capacity of Canada's grid by 2050. The company states it welcomes the continued commitment of federal and territorial governments to advancing Canada's emerging mining districts, including the White Gold District in Yukon.

Resources and Financials

• Golden Saddle open-pit Indicated resource: 1.614 million oz (31.03 Mt @ 1.62 g/t Au)
• Golden Saddle open-pit Inferred resource: 268,700 oz (7.84 Mt @ 1.07 g/t Au)
• Golden Saddle high-grade core Indicated: 695,000 oz (4.4 Mt @ 4.88 g/t Au)
• VG Inferred resource: 296,000 oz (6.285 Mt @ 1.46 g/t Au)
• Ryan's Surprise Inferred resource: 293,400 oz (5.820 Mt @ 1.57 g/t Au)
• Arc Indicated resource: 115,800 oz (4.113 Mt @ 0.88 g/t Au)
• Arc Inferred resource: 397,000 oz (12.25 Mt @ 1.01 g/t)
• Total program target: 15,000 to 20,000 meters of diamond drilling utilizing three drill rigs
• Meters completed to date in 2026: approximately 7,000 m across 18 holes

What to Watch Next

• The Maiden Preliminary Economic Assessment on the White Gold Project is expected to be delivered along with drill assays in the near term, according to the company.
• Drilling on the Arc deposit is planned for the second half of the exploration program.
• Follow-up diamond drilling is planned for the untested VG East target.
• Follow-up plans for the untested Golden Saddle 2.0 target are being evaluated by the company.
• Additional step-down and strike extension drilling at VG and additional extension and expansion drilling at Ryan's Surprise remain planned.

About White Gold Corp.

The Company owns a portfolio of 15,364 quartz claims across 21 properties covering 305,102 hectares (3,051 km²) representing approximately 40% of the Yukon's emerging White Gold District. The Company's flagship White Gold project hosts four near-surface gold deposits which collectively contain resource estimate of 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 grams per tonne gold) and 1,265,900 ounces of gold in inferred resources (32.2 million tonnes grading 1.22 g/t Au) (see the Company's news release dated October 6, 2025). Regional exploration work has also produced several other new discoveries and prospective targets on the Company's claim packages which border sizable gold discoveries including the Coffee project owned by Talamore Mining (formerly Fuerte Metals) with Measured and Indicated Resources of 80.2 Mt grading 1.15 g/t Au for 2.96 million ounces of gold, and Inferred Resources of 21.2 Mt grading 1.17 g/t Au for 0.80 million ounces gold, and Western Copper and Gold Corporation's Casino project which has Measured and Indicated Resources of 2,490.7 Mt grading 0.18 g/t Au, 0.14% Cu for 14.8 million ounces of gold and 7.6 billion pounds of copper, and Inferred Resources of 1,412.5 Mt grading 0.14 g/t Au, 0.10% Cu for 6.3 million ounces of gold and 3.1 billion pounds of copper. For more information, visit www.whitegoldcorp.ca.

Read full press release here.

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