White Gold (TSXV:WGO) - 25,000M Program Targets Resource Growth in Underexplored Klondike District

White Gold Corp. – 2025/2026 Exploration Plans Discussion with Dylan Langel

Key Concepts:

• Yukon Exploration: Focus on West Central Yukon, specifically the Klondike district, known for placer gold but underexplored for hard rock deposits.
• Portfolio Scale: White Gold Corp. holds 21 properties spanning 300,000 hectares.
• Golden Saddle Deposit: Flagship asset with a 2.1 million ounce resource, exhibiting high-grade potential.
• Growth-Focused Drilling: Prioritizing step-out drilling to expand existing resources rather than infill drilling for increased confidence.
• District Play: Strategy based on owning a large land package anticipating regional infrastructure development (road construction by Forte Gold at the Coffee deposit).
• Critical Minerals Potential: Exploration of properties for copper, molybdenum, and tungsten.
• Preliminary Economic Assessment (PEA): A maiden PEA is underway, expected in the first half of 2026.

I. Background and Transition to White Gold Corp.

Dylan Langel, VP of Exploration for White Gold Corp., began his career as a geologist, spending seven years with the Great Bear Project in Red Lake, Ontario. He joined the project in 2019, becoming the geologist in the core shack during the discovery hole that redefined gold exploration in the area, shifting focus from classic quartz vein deposits to falsics-hosted gold. Prior to Great Bear, he worked with Premier Gold on the HGA Porphyry deposit and on a rare earth element project in Northern Quebec. He oversaw the expansion of the Great Bear deposit from 5 to 7 million ounces after Kinross acquired the project for $1.8 billion in 2022. Langel joined White Gold in May 2025, seeking a return to junior discovery exploration after considering remaining with the Great Bear project through production.

II. White Gold Corp. Portfolio and Initial Assessment

Langel was drawn to White Gold Corp. primarily due to the scale of its portfolio – 21 properties covering 300,000 hectares in West Central Yukon, south of Dawson City in the Klondike district. While the Klondike is historically known for 25+ million ounces of placer gold, it’s significantly underexplored for hard rock gold deposits. He highlighted the long-term discovery potential, envisioning multiple discoveries over the next 5-15 years. The existing 2.3 million ounce resource base at the White Property (Golden Saddle, Arc, Ryan’s Surprise, and QV) provided a solid foundation for growth. This resource base has since grown to 3 million ounces through geological modeling.

III. 2025 Drilling Program and Results

The 2025 drilling program, funded by a $23 million private placement, focused on the Golden Saddle deposit. The team reinterpreted the geological model, creating more continuous mineralization wireframes and lowering the cutoff grade to 0.3 g/ton (considered conservative given the open-pit potential). Drilling targeted a high-grade footwall breccia zone, historically yielding intercepts of 4 g/ton over 12 meters, but previously underexplored at depth. Initial results from the first hole released in 2025 confirmed the mineralization (6.8 g/ton over 3 meters) and unexpectedly revealed higher grades in the main zone compared to surrounding drill holes, suggesting the presence of high-grade tabular bodies or pinch-swell zones.

IV. 2026 Exploration Strategy and Prioritization

The 2026 exploration plan, backed by a $25-30 million budget, will prioritize growth drilling across all four deposits. The strategy emphasizes step-out drilling to expand mineralization along strike and at depth, rather than infill drilling for increased resource confidence. Key considerations include:

• Golden Saddle: Targeting the plunge of high-grade mineralization, which remains largely untested by drilling. The deposit dips at 55° towards the north, and potential controls on high-grade mineralization include the interaction of east-west strike-slip faults and north-south thrust faults.
• Arc Deposit: Extending mineralization along strike and at depth, as current drilling only defines mineralization to a vertical depth of 120 meters.
• Ryan’s Surprise & QV: Expanding mineralization along strike, as the current resource extent is limited by the amount of drilling completed, not by geological boundaries.
• Data Integration: Utilizing a multi-faceted approach, integrating surface geochemistry, geophysics, and historical drilling data to vector towards the most prospective areas.

Langel emphasized that the decision-making process involves stacking and layering all available data sets, rather than relying on a single indicator.

V. Geological Modeling and Bias Mitigation

Reinterpreting and redesigning the geological model is an ongoing process, constantly refined by new drill data. The team is focused on improving the accuracy of mineralization wireframes. To mitigate bias, Langel recommends reviewing core photos and conducting independent interpretations. Full-suite geochemistry is a valuable tool for correlating lithologies, mineralization, and sulfide signatures, aiding in accurate modeling.

VI. Infrastructure and District Potential

The White Gold properties are located approximately 60 miles south of Dawson City and 25 km north of Forte Gold’s Coffee deposit. Forte Gold’s plans to construct a road from the Coffee deposit to Dawson City represent a significant catalyst for White Gold, potentially enabling cost-effective transportation of ore to a regional processing facility. Langel likened White Gold’s strategy to acquiring land positions in established mining districts like Timmins or Valdor decades ago.

VII. Future Catalysts and Team Expansion

Key catalysts for White Gold Corp. in 2026 include:

• Additional Drill Results: Release of results from the remaining holes drilled in 2025.
• Preliminary Economic Assessment (PEA): Publication of a maiden PEA for the White Property in the first half of 2026, highlighting the economic potential of the high-grade core within the Golden Saddle deposit (1.1 million ounces at 3 g/ton, 700,000 ounces at 5 g/ton).
• Critical Minerals Exploration: Press releases detailing results from exploration programs on properties targeting copper, molybdenum, and tungsten, including the Bridg target on the Pedler property.

The company plans to expand its technical team, adding expertise in engineering, environmental studies, and baseline water studies to support the advancement of the projects.

Technical Terms:

• Falsics: Volcanic rocks altered by hydrothermal fluids, often associated with gold mineralization.
• Mafic Rocks: Dark-colored, magnesium and iron-rich igneous rocks.
• Porphyry Deposit: A large, low-grade ore deposit formed by hydrothermal alteration associated with intrusive igneous rocks.
• Placer Gold: Gold accumulated in alluvial deposits (riverbeds, etc.).
• Hectares: A unit of area equal to 10,000 square meters.
• Wireframe: A 3D representation of geological features or mineralization zones used in resource modeling.
• Cutoff Grade: The minimum grade of ore required to be economically viable for extraction.
• Step-Out Drilling: Drilling conducted at increasing distances from known mineralization to test for extensions of the orebody.
• Infill Drilling: Drilling conducted within a known orebody to increase resource confidence and refine geological models.
• Sinestral Fault: A strike-slip fault where the block on the opposite side moves to the left.
• Chargeability & Resistivity: Geophysical properties used to identify potential sulfide mineralization.
• PEA (Preliminary Economic Assessment): A preliminary study evaluating the economic viability of a mining project.