White Gold Corp. Feb. 11 announced a plan to spin out six critical mineral properties from its district-scale Yukon land package into a new, publicly listed company, separating its copper, molybdenum, and tungsten targets from its flagship gold project as the company moves to advance both portfolios under dedicated vehicles.
Spanning approximately 305,102 hectares (753,900 acres) across 21 properties in Canada’s Yukon, White Gold Corp.’s land package covers roughly 40% of the prospective White Gold District, including its White Gold project roughly 95 kilometers (59 miles) south of Dawson City.
Advancing its flagship deposits through successive drill programs and ongoing technical work, the company has built and refined a resource across four near-surface gold deposits – Golden Saddle, Arc, Ryan’s Surprise, and VG.
According to the most recent estimate, those deposits collectively host 35.2 million metric tons of indicated resource averaging 1.53 grams per metric ton (1.73 million oz) gold, and 32.2 million metric tons of inferred resource averaging 1.22 g/t (1.27 million oz) gold.
Late last year, the company began advancing a pipeline of critical mineral targets identified through its regional exploration database, carrying out its first geophysical surveys aimed at delineating copper, molybdenum, and tungsten prospects within its existing land package.
That work outlined multiple large-scale subsurface targets beneath broad, previously identified multi-element soil anomalies, including five high-priority porphyry targets at Bridget, the company’s most significant untested porphyry system.
Those targets, along with prospects on the Loonie, Wolf, Hunker, Hayes, and Toonie properties, now form the portfolio being transferred to a new company designed to advance the critical minerals side of the business under its own dedicated team and resources.
“Over the past several years, White Gold has systematically built one of the most comprehensive regional geochemical and geological datasets in the Yukon, which has clearly highlighted the scale and quality of several copper and critical mineral targets within our portfolio in addition to our highly prospective gold projects,” said White Gold Vice President of Exploration Dylan Langille. “Assets such as Bridget, Isaac, and Wolf exhibit the size, metal zonation, and geophysical signatures typically associated with large, fertile porphyry systems, yet remain largely untested by drilling. Spinning these assets into a dedicated vehicle allows them to be advanced more effectively with the technical focus and disciplined exploration strategy they warrant.”
Representing roughly 15% of White Gold’s current claims, the six properties sit within the Dawson Range, an east-southeast trending mineral belt that hosts several significant copper-gold porphyry deposits, including Western Copper and Gold Corp.’s Casino deposit, Selkirk Copper Mines Inc.’s Minto mine, and Cascadia Minerals Ltd.’s Carmacks copper project. The properties and their principal targets are:
• Bridget – a molybdenum-copper porphyry anomaly spanning roughly three by 3.5 kilometers (1.9 by 2.2 miles), enriched with tungsten, bismuth, and silver, and transected by two major crustal-scale fault systems – the Sixtymile River and Big Creek faults. First identified in 1972 when Silver Standard Mines conducted an extensive regional silt survey looking for another Casino deposit, the target has never been tested by diamond drilling.
• Isaac (Hayes property) – a geochemically zoned multi-element soil anomaly measuring approximately two by 1.5 kilometers (1.2 by 0.9 miles), with a central bismuth-arsenic enriched core surrounded by a broad halo of anomalous silver, lead, and zinc. Never drill tested.
• Aries (Wolf property) – an interpreted porphyry system characterized by a central copper-molybdenum zone surrounded by peripheral enrichment in bismuth, arsenic, lead, and zinc across a roughly four-by-three-kilometer (2.5 by 1.9 miles) footprint. Previous drilling has been gold-focused, leaving the critical minerals potential largely untested.
• Guilder (Loonie property) – a three-kilometer (1.9 miles) copper-molybdenum-gold-zinc-lead soil anomaly adjacent to the known Lucky Joe copper-gold prospect, where prospecting has uncovered malachite and chalcocite with samples returning up to 1,114.8 parts per million copper.
• Hunker – hosts historical high-grade copper-silver showings and a large copper-gold soil anomaly at its Mint Pup target measuring 2.5 by 2.7 kilometers (1.6 by 1.7 miles).
• Toonie – a zoned soil anomaly with a gold-molybdenum-copper core and distal zinc-lead and silver that may indicate a buried porphyry system.
“The timing of this proposed spin-out aligns exceptionally well with the strong and growing support we are seeing from both the Yukon and federal governments for the responsible development of critical minerals,” said White Gold CEO David D’Onofrio. “Recent initiatives focused on advancing critical mineral exploration, improving infrastructure, streamlining permitting, and strengthening collaboration across Western and Northern Canada reinforce Yukon’s position as a globally desirable jurisdiction for discovery and development. By creating a dedicated critical minerals company, we believe we are positioning these assets to directly benefit from this supportive policy environment, while providing shareholders with focused exposure to commodities that are increasingly central to Canada’s long-term economic and supply chain strategies.”
To move the transaction forward, White Gold will enter into a formal arrangement agreement and seek shareholder approval. The new company – not yet formally named – intends to apply for listing on the TSX Venture Exchange, with an initial technical report on the Bridget property to be filed in connection with the spin-out.
With the critical minerals portfolio operating under its own vehicle, White Gold said it will sharpen its focus on advancing its flagship gold project, where deposits remain open along strike and at depth, alongside a broader pipeline of gold targets across the district.