White Gold (TSXV:WGO) - Largest Drill Program Commencing on Highest-Grade Gold Resource in Yukon

Why It Matters

The program could substantially increase White Gold’s resource base and deliver a credible economic outlook, positioning the company for a production‑scale partnership or sale in a hot gold market.

Key Takeaways

• White Gold launches 20,000‑meter drill program on 3 M‑oz resource.
• Preliminary Economic Assessment due Q3 aims to clarify project economics.
• CEO emphasizes ounces‑per‑share growth for shareholders over equity dilution.
• Yukon district gaining investor confidence after recent development successes.
• Target: extend deposit, potentially raise resource to 4‑5 M ounces.

Summary

White Gold Corp (TSXV:WGO) announced its most ambitious exploration effort yet, targeting roughly 20,000 metres of drilling on its high‑grade Yukon deposit that currently holds about 3 million ounces at 1.4 g/t. The program aims to extend known mineralization, deepen the strike, and lay the groundwork for a Preliminary Economic Assessment slated for the third quarter. The company’s new president, Donovan Polllet, highlighted a dual focus on resource expansion and early economic modelling. With gold prices hovering near $5,000 per ounce, White Gold can fund the campaign without resorting to deep equity discounts, preserving shareholder value. Polllet stressed that any increase in ounces‑per‑share must outpace dilution to remain accretive. Polllet also pointed to strategic partnerships, noting Agnico Eagle’s 19% stake and the broader revitalisation of the Yukon mining district after recent infrastructure projects. He cited the need for baseline environmental studies and a transparent dialogue with institutional investors seeking concrete PEA metrics. If the drill results meet internal targets—potentially lifting the resource to 4‑5 million ounces—the company could transition from advanced exploration to a viable development candidate, attracting mid‑tier producers and boosting market capitalisation.

Original Description

Interview with Donovan Pollitt, President of White Gold Corp.

Our previous interview: https://www.cruxinvestor.com/posts/white-gold-tsxvwgo-25000m-program-targets-resource-growth-in-underexplored-klondike-district-8918

Recording date: 24th April 2026

White Gold Corp. (TSXV:WGO) is a Yukon-focused gold exploration company carrying one of the region's most significant undeveloped gold resources: approximately 3 million ounces at 1.4 grams per tonne, spread across the Golden Saddle, Arc, and Ryan's Surprise deposits. In 2026, the company is moving on multiple fronts simultaneously: pursuing resource growth through its largest-ever drill programme, preparing to release a Preliminary Economic Assessment, and operating in a district that is materially improving in investor sentiment. New President Donovan Pollitt, who joined after a decade on the buy side with US global investors and prior experience as CEO of Wesdome Gold, is orchestrating this effort with an explicit focus on per-share value accretion and capital discipline.

The most immediate near-term catalyst is the PEA, expected before the end of Q2 2026. This will be the first time an independent engineering firm has mapped out project parameters of daily throughput rates, capital expenditure ranges, and production economics for the existing resource. When the company conducted early-2026 institutional marketing in Toronto and New York, the consistent message from investors was that they needed that document before they could act with conviction. The PEA is not the end of the development process; management is explicit that it is a starting point. But it is expected to drive meaningful re-engagement from institutional investors who have been waiting on the sidelines.

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Running in parallel is a 20,000-metre drill programme which makes nearly a third of the total historical metres ever drilled on the property. Approximately 70% of that programme targets step-out and extension drilling at known deposits, where the probability of success is better defined. The remaining 25–30% is allocated to untested targets across the company's 300,000-hectare land package. VP Exploration Dylan Langillel, who was instrumental in the Great Bear Resources discovery programme before Kinross acquired that project, is directing the technical work.

There is also a lower-profile but potentially meaningful near-term resource opportunity that requires no new drilling at all. Thousands of metres of core from the hanging wall of existing deposits were left unassayed by prior operators who focused solely on the main mineralised zones. Those samples are now being reassayed. In the current gold price environment where open-pit cut-off grades can be as low as 0.3 g/t which are previously disregarded halo material could contribute meaningfully to a resource update expected toward year-end or early 2027.

Agnico Eagle sits at 19% of the share register, providing strategic credibility without yet determining the company's trajectory. The company has over C$20 million in cash, has passed on multiple financing opportunities in 2026 to avoid diluting shareholders at a sub-optimal price, and management has purchased stock in the open market. The share price has already moved from approximately C$0.20 in summer 2025 to around C$1.75 but Pollitt's case is that the PEA, drill results, and broader Yukon re-rating thesis provide multiple independent pathways for further value recognition.

For investors with appropriate risk appetite, the combination of near-term catalysts and a disciplined management team makes 2026 a materially more information-rich year than any that has preceded it for White Gold.

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