White Gold Provides Resource Growth and New Discovery Exploration Update on Its White Gold and QV Properties, Yukon
White continues drilling at its project as a preliminary economic assessment remains pending without new assay results.
White Gold Corp. (WGO) released a mid-season exploration update confirming that 18 diamond drill holes totaling approximately 7,000 meters have been completed at its White Gold and QV properties. This work is part of a planned 15,000–20,000 meters for 2026. The drilling targeted resource growth at four known deposits—Golden Saddle, Arc, Ryan’s Surprise, and VG—and evaluated early-stage targets including Golden Saddle 2.0 and VG East. No new drill intercepts or assay results were reported. The company reiterated that a maiden Preliminary Economic Assessment (PEA) is in progress and expected in the near term alongside drill assays.
White Gold Corp. (WGO) released an update detailing 7,000 meters of drilling across 18 holes, marking incremental progress on a program that was previously announced and fully funded. The company reported no changes to resource estimates, no new discovery announcements, and no results from economic studies.
The company’s stock has experienced a prolonged decline from its February 2026 highs. For a junior explorer with a market capitalization of approximately $350 million, routine drilling updates that do not include assay results are typical and rarely considered material events.
White Gold Corp. reported Indicated resources of 1,732,300 oz Au (35.2 Mt @ 1.53 g/t) and Inferred resources of 1,265,900 oz Au (32.3 Mt @ 1.22 g/t) for its flagship White Gold Project in August 2025. The project comprises four deposits—Golden Saddle, Arc, Ryan’s Surprise, and VG—with significant high-grade cores, such as the Golden Saddle Main Zone at a 4.88 g/t cut-off hosting 695 koz Indicated. The company also holds a large district-scale land package of more than 300,000 hectares containing multiple early-stage gold and critical-mineral targets.
A spin-out of its critical-mineral portfolio, including copper, molybdenum, and tungsten, into W2 Critical Minerals Corp. is pending, with a shareholder meeting scheduled for August 11, 2026. Agnico Eagle remains a strategic investor with approximately 19.8% ownership. White Gold Corp. closed a $23 million private placement in October 2025, fully funding the 2026 drill program, and carries no debt.