Company's Largest Drill Program Yet Begins at Nearly 3 Million-Ounce Gold Project

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

White Gold Corp. (WGO:TSX.V; WHGOF:OTCQX; 29W:FRA) announced the commencement of its fully funded 2026 exploration program across its district-scale land package in the White Gold District of Yukon, Canada. According to the company, the program will focus on resource growth and expansion at its known gold resources, including the Golden Saddle, Arc, Ryan's Surprise, and VG deposits, all of which remain open for expansion along strike and down-dip.

The company stated that the 2026 campaign will be the largest diamond drilling program in its history and will be supported by strategic partners, including Agnico Eagle Mines Ltd. (AEM:TSX;  AEM:NYSE). In addition to resource growth activities, the program will include work on discovery-stage targets and the evaluation of high-priority early-stage prospects across its property portfolio.

Initial drilling will focus on the four deposits that comprise the White Gold Project. At Golden Saddle, the company plans to test the expansion of the high-grade core, evaluate parallel zones of mineralization in both the hanging wall and footwall, and assess extensions toward Golden Saddle West. At Arc, drilling is planned to test extensions of mineralization both down-dip and along strike from the currently defined 1.5-kilometer strike length. The Ryan's Surprise program will focus on expanding mineralization east and west of the currently defined zones, while drilling at VG will target extensions down plunge and toward the east along strike.

White Gold also plans to continue relogging and sampling previously unsampled drill core from the hanging wall and footwall host rocks at Golden Saddle. According to the company, those intervals were not assayed in historical drilling and may contain additional mineralization potential. Exploration work will also continue across the broader property portfolio, with efforts directed toward advancing discovery-stage targets and assessing early-stage prospects.

The company reported that its property portfolio includes 15,362 quartz claims across 21 properties covering approximately 300,000 hectares. In addition to numerous prospective gold and critical mineral targets, the portfolio includes the White Gold Project, which contains 1,732,300 ounces of gold in the Indicated Resource category and 1,265,900 ounces of gold in the Inferred Resource category.

White Gold provided additional details on the deposits targeted by the 2026 program. The Golden Saddle deposit contains an open-pit resource of 1.614 million ounces of gold in the Indicated category and 268,700 ounces in the Inferred category. The Arc deposit contains 115,800 ounces of gold in the Indicated category and 397,000 ounces in the Inferred category. The VG deposit contains 296,000 ounces of gold in the Inferred category, while the Ryan's Surprise deposit contains 280,300 ounces of gold in the Inferred category.

Dylan Langille, Vice President of Exploration for White Gold Corp., said in a company news release, "We are incredibly excited to be embarking on the largest diamond drill program in White Gold Corp's history." He added that the company intends to pursue growth at all four deposits while advancing near-deposit and discovery-stage targets across the district.

David D'Onofrio, Chief Executive Officer of White Gold Corp., said in a company news release, "2026 has the potential to be a defining year for White Gold Corp." He stated that three drill rigs will be operating across the company's flagship gold project while exploration continues at multiple high-priority targets throughout the land package.

The company also reported that work is continuing on its maiden Preliminary Economic Assessment for the White Gold Project, which it expects to release in the near term.

Gold Surpasses U.S. Treasuries As World's Second-Largest Reserve Asset 

According to the June 2 edition of Rocks Daily by Red Cloud Securities, gold surpassed U.S. Treasuries as the world's second-largest reserve asset as central banks continued to accumulate bullion and prices remained near record highs. The publication reported that central banks held more than 36,000 tonnes of gold, with reserve stockpiles approaching levels last seen during the Bretton Woods era. Rocks Daily stated that the shift reflected a broader effort by many countries to diversify reserve holdings, noting that gold had overtaken U.S. Treasuries in global reserve allocations.

Additional commentary on June 2 highlighted the same trend.  According to a report from the Telegraph on June 2 discussing findings from the European Central Bank, gold's share of central bank foreign reserve holdings climbed to 27% in 2025, surpassing U.S. Treasuries at 22%. The report stated that central banks continued to use gold to strengthen balance sheets amid geopolitical concerns. The European Central Bank noted that central banks viewed "geopolitics" as a significant risk factor and reported that 70% of central banks surveyed in April said geopolitics was the most significant risk they faced during the year. The report also noted that while physical gold purchases declined to 850 tonnes in 2025 from more than 1,000 tonnes in each of the prior three years, gold's rising price contributed to its increased share of reserve holdings.

Stewart Thomson wrote on June 2 that gold entered a period of consolidation following what he described as gold's strong performance against fiat currencies during 2024 and 2025. Thomson stated that "Gold price consolidations are healthy," and described periods of sideways price movement as opportunities for investors to focus on gold's role as money rather than short-term price fluctuations. He also wrote that "Professional gold and silver bugs are focused less on what's next for the price, and instead on getting more metal."

Thomson further discussed sentiment toward precious metals and mining equities, writing that "Gold and silver miners seem ready to again showcase their greatness, with a fresh move to the high end of their range!" He also stated that mining stock exchange-traded funds and their component companies represented tools used by investors seeking exposure to the gold and silver sectors. Collectively, the reports reflected continued attention on gold's role in reserve management, ongoing central bank demand, and sustained interest in the broader precious metals sector.

Large Land Position Supports Expanding Exploration Efforts

In a May 20 report for North of 60 Mining News, A.J. Roan wrote that the company's land package covered approximately 305,102 hectares across 21 properties in the White Gold District, including its flagship White Gold project located roughly 95 kilometers south of Dawson City.

Roan reported that the company had continued advancing its flagship gold project toward a maiden Preliminary Economic Assessment while also developing a portfolio of copper, molybdenum, tungsten, and other critical mineral targets across the district-scale property package. He wrote that this portfolio included the Guilder target on the Loonie property and the Mt. Hart target on the Nolan property, where previous exploration work had identified broad multi-element anomalies and prospective mineralized corridors.

According to Roan, the company's fully funded 2026 exploration program was expected to be its largest to date and was designed to increase gold resources, advance the Preliminary Economic Assessment process, continue environmental baseline studies, and support completion of the W2 Critical Minerals spinout.

Exploration, Resource Expansion, and Corporate Initiatives

According to the company, initial drilling during the 2026 program will focus on resource growth opportunities at the four deposits that comprise the White Gold Project. At Golden Saddle, drilling is planned to test the expansion of the high-grade core, evaluate parallel mineralized zones in the hanging wall and footwall, and assess extensions toward Golden Saddle West. At Arc, drilling will target extensions of mineralization both down-dip and along strike beyond the currently defined 1.5-kilometer strike length. At Ryan's Surprise, the company plans to expand mineralization east and west of the currently defined zones, while work at VG will focus on extending mineralization down plunge and toward the east along strike.

The company also plans continued relogging and sampling of previously unsampled core from hanging wall and footwall host rocks at Golden Saddle. Additional exploration activities will include advancing discovery-stage targets and evaluating early-stage prospects across the broader property portfolio.

White Gold identified several near-resource and discovery-stage targets for additional work during the 2026 program. These include the VG East target, located approximately 1.3 kilometers east-northeast of the VG deposit, and Golden Saddle 2.0, situated approximately 2.5 kilometers east-southeast of the Golden Saddle deposits. The company also plans exploration along Ryan's Trend, including the Ulli's Ridge target, where previous drilling intersected high-grade gold mineralization.

Among discovery-stage properties, White Gold highlighted continued work at Chris Creek, where a 2024 drill program identified a broad zone of gold mineralization. The company stated that geological features at Chris Creek closely resemble those observed at the Golden Saddle and VG deposits. Additional targets identified for future exploration include the Betty Property and the Vertigo target on the JP Ross property. 

In addition to exploration activities, White Gold reported that its maiden Preliminary Economic Assessment for the White Gold Project remains underway and is expected to be delivered in the near term. The company also highlighted the planned completion of the W2 Critical Minerals Corp transaction, which is intended to spin out its portfolio of copper, molybdenum, tungsten, and other critical mineral properties into a standalone publicly listed company, with shares to be distributed to White Gold shareholders.

Ownership and Share Structure¹

Management and insiders hold 17.46% of White Gold, institutions own 4.45%, and strategic entities hold 18.9%. The rest is retail.

White Gold has a market cap of CA$425.37 million, 221.55 million shares outstanding, and a 52-week trading range of CA$0.25 – CA$2.38.