09:36 AM EST, 11/28/2024 (MT Newswires) -- White Gold Corp. ( WHGOF ) , stuck at the low end of its 52 week trading range, on Thursday provided an overview and strategy update on its critical minerals portfolio.

This included copper, molybdenum, tungsten, antimony, zinc, bismuth and other critical mineral targets on its district scale land package in the White Gold District located in west-central Yukon, Canada.

White Gold said its ongoing gold exploration program has "been very successful in delineating significant gold resources and discovering multiple additional prospective gold targets". It added "systematic and extensive exploration: in the District has also identified numerous critical mineral opportunities. The company is currently evaluating "accretive strategies" to advance these projects to unlock further value for all stakeholders.

Thursday's statement noted that White Gold's Yukon property portfolio includes 15,876 quartz claims across 26 properties covering 315,000 hectares, representing approximately 40% of the District and hosts the company's flagship White Gold Project which was recently updated to include 17.6 million tonnes averaging 2.12 g/t Au for 1,203,000 ounces of gold in the Indicated Resource category and 24.4 million tonnes averaging 1.42 g/t Au for 1,116,600 ounces of gold in the Inferred Resource category and remains open for further expansion. It said additional increases to the size of the resource may also be possible through an ongoing analysis of the resource block model and by capturing additional ounces hosted within the 'Target for Further Exploration' area.

"One of the strengths of the White Gold property portfolio is the significant critical mineral potential, which nicely compliments the existing gold ounces and gold exploration potential, said Shawn Ryan, the company's chief technical advisor.

David D'Onofrio, CEO, noted the flagship White Gold Project is now one of the highest-grade open pit gold resources in Canada of such significant size owned by an exploration company.

"Our exploration efforts have also identified numerous critical mineral opportunities which we believe to be quite prospective based on their size, the work done to date, underlying geology and how they compare to other targets and deposits," D'Onofrio said in a company statement. "Yukon is widely viewed as one of the most geologically prospective and underexplored areas in Canada, so it came as no real surprise that our exploration produced such strong results in this regard as well."

WGO rose 2.4% to $0.215 yesterday, remaining near a 52 week low of $0.195 hit earlier in the week.