TORONTO, Nov. 19, 2024 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce an updated Mineral Resource Estimate (“MRE”) for its flagship White Gold project located approximately 95 km south of Dawson City in west-central Yukon, Canada. The updated mineral resource includes a significant increase in total gold ounces, including a 18.5% increase in inferred resources and an 4.3% increase in indicated resources. The White Gold project now comprises 1,203,000 ounces of gold in the Indicated Resource category (17.7 million tonnes averaging 2.12 g/t Au) and 1,116,600 ounces of gold in the Inferred Resource category (24.5 million tonnes averaging 1.42 g/t Au) at US$2,000/oz gold. The gold resources at the White Gold Project are near surface, almost entirely captured within an open pit, and remain open for expansion in multiple directions with additional opportunities to increase total resources via targets within close proximity. 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 which hosts an additional estimated 10 – 12 million tonnes grading between 1 – 2 g/t Au. These results form part of the Company’s work program supported by strategic partners including Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC).

On Behalf of Opawica Explorations Inc. Gold prices are continuing their bull run, smashing an all-time high of nearly $2,800 in October, underscoring its role as a hedge against inflation. November could see even more momentum, with inflation data, a crucial Federal Reserve meeting, and global uncertainties potentially driving gold prices toward the $3,000 mark.  … Continue reading "Gold Prices Near $3,000 as Inflation Drives 2024 Rally"

On Behalf of Opawica Explorations Inc. Gold prices are soaring, hitting a new record high above $2,700 per ounce as inflation concerns drive renewed interest in the precious metal. Hedge fund titan Paul Tudor Jones recently described inflation as the inevitable path forward, prompting investors to turn to assets like gold. As bullion gains nearly … Continue reading "Gold Price Rally Breathes New Life into Canadian Mining Companies"

On Behalf of Opawica Explorations Inc. Gold has surged to a record $2,700 per ounce, driven by rising US debt, central bank buying, and a weakening dollar, says Sprott Asset Management. Now, analysts see gold prices to reach $3,000 in 2025 due to the ongoing weakness of the US dollar, while some expect $2,800 in … Continue reading "Gold Surges to $2,700 as Election Promises Set to Supercharge Canadian Mining"

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Goldman Sachs has recently reaffirmed its bullish outlook on gold, suggesting that the yellow metal is the best investment in the current market. The bank expects gold prices to continue rising in 2024 and into 2025, serving as a hedge against economic instability and ongoing inflationary pressures. With lower interest rates likely boosting demand, gold’s … Continue reading "Goldman Sachs Calls Gold The Best Investment Right Now"

TORONTO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the “Company”) is pleased to announce that surface rock sampling has encountered gold with associated anomalous silver and tellurium in altered and mineralized intrusive rocks over a 1.25 km section of the 2.2 km Chris Creek target, a recently discovered gold-in-soil anomaly on its QV property. The Chris Creek target is located approximately 9 km northwest of the VG deposit and appears to be similar in character to the VG and Golden Saddle deposits which form part of the Company’s flagship White Gold Project (Figure 1). The White Gold Project is located in west-central Yukon, Canada, and comprises 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the Inferred Resource category (1). These new results form part of the Company’s 2024 exploration program on its extensive and underexplored land package in the emerging White Gold District, Yukon, supported by strategic partners including Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC).

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) is making significant strides in the gold market, showcasing how a company with roots in entertainment can pivot and disrupt an entirely different industry. By leveraging technological innovations and forming strategic partnerships, Blue Hat is positioning itself as a leader in the evolving gold supply chain and trading ecosystem, with the potential to become a pivotal player alongside established giants like Newmont (NYSE: NEM), Barrick Gold (NYSE: GOLD), Agnico Eagle Mines (NYSE: AEM), and Kinross Gold (NYSE: KGC).

TORONTO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce that infill and extension soil sampling has refined and extended the newly discovered gold-in-soil anomaly on its QV property to 2.2 km along strike (Figure 1). The soil anomaly is located approximately 9 km northwest of the VG deposit and appears to be similar in character to the VG and Golden Saddle deposits which form part of the Company’s flagship White Gold Project. The White Gold Project is located in west-central Yukon, Canada, and comprises 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the Inferred Resource category (1). These new results form part of the Company’s 2024 exploration program on its extensive and underexplored land package in the emerging White Gold District, Yukon, supported by strategic partners including Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC).

Investor interest in mining stocks is rising as gold mining companies catch up with the precious metal’s value. Stabilizing mining costs and record-high gold prices have created a ripe environment for these stocks. Anticipation of a Federal Reserve rate cut, fueled by lower-than-expected inflation data, could boost both gold and mining stocks. With global demand for gold and other precious metals steadfast due to their historical allure and status as a safe haven, now could be a prime time to consider investing in solid gold and other precious metal mining stocks. Here are four picks that stand out in the current market.

Bank of America has raised its forecasts for gold and copper, predicting a 17% increase in gold prices to $2,317 per ounce and an 8% rise in copper prices to $9,321 per metric ton in 2024. This adjustment follows record high gold futures and a peak in copper prices not seen since January 2023. The optimistic outlook for copper is driven by tight mine supplies and steady demand fueled by the energy transition, while gold prices are expected to climb due to various factors including central bank policies and strong investor interest from China and the West. Based on these projections, Bank of America has recommended a list of stocks likely to benefit from these trends including Alamos Gold Inc (NYSE: AGI), Agnico Eagle Mines Ltd (Ontario) (NYSE: AEM), Hudbay Minerals Inc (NYSE: HBM), Freeport-McMoRan Inc (NYSE: FCX) . Click HERE to Read More .

Shares of Agnico Eagle Mines Limited (NYSE: AEM) traded at a new 52-week high today and are currently trading at $61.09. So far today, approximately 893.92k shares have been exchanged, as compared to an average 30-day volume of 3.35M shares.

Gold has surged to new all-time highs, defying expectations amidst a robust U.S. economy and soaring stock market trading near all highs

TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the “Company”) is pleased to announce that a soil sampling survey completed during the 2023 field season has identified a new 1 km long gold-in-soil anomaly on the QV property, located approximately 9 km northwest of the VG deposit which remains open for expansion (Figures 1 & 2). Soil sampling results range from trace up to a maximum of 496.7 ppb Au with associated anomalous tellurium. The new soil geochemical anomaly appears to be similar in character to the VG deposit and the Golden Saddle deposit which form part of the Company’s flagship White Gold Project. The White Gold Project is located in west-central Yukon, Canada, and comprises 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the Inferred Resource category(1). These results form part of the Company’s 2023 exploration program on its extensive and underexplored land package in the emerging White Gold District, Yukon, supported by strategic partners including Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC).

Gold miners are set up for a golden year and technical indications suggest upward movement in their stock prices, aided by robust dividends.

Newmont’s 4.7% forward dividend yield and depressed stock price have presented a shiny opportunity for income investors.

TORONTO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce results for 2023 exploration diamond drilling at the Betty Ford target on the Betty property (Figure 1). Assay results for hole BETFD23D015 include 5.04 g/t Au over 20.85 m within the near-surface oxide domain from 18.65 m depth, including two higher-grade subintervals grading 13.34 g/t Au over 2.30 m and 11.47 g/t Au over 2.05 m. A zone of gold mineralization was also encountered deeper within the sulphide domain of the host breccia unit, grading 0.44 g/t Au over 28.55 m from 107.85 m depth, and including a subinterval of 1.38 g/t Au over 6.15 m. The 2023 diamond drilling also encountered a second breccia unit approximately 30 to 50 m north of the main gold bearing breccia, with the potential for near-surface gold mineralization in the oxide portion of this breccia remaining untested.

TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce additional results for the 2023 exploration diamond drilling at the Betty Ford target on the Betty property (Figure 1). The new assay results include 2.96 g/t Au over 46.5 m from 11.5 m depth in hole BETFD23D014, including a higher-grade subinterval of 5.03 g/t Au over 25 m, which significantly expanded the width of the near surface high-grade gold zone to the south. Results for hole BETFD23D012 and partial results for hole BETFD23D013 were announced previously on September 7, 2023, highlighted by 3.38 g/t Au over 53.0m from 7.3m depth in BETFD23D013. Results for hole BETFD23D015 remain pending but are expected to be received and announced in the near future.

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In volatile economic conditions, smart money seeks stability and moves to safe havens. Historically, one of the safest places and most stable spaces during economic uncertainty is gold, a highly liquid asset that preserves and even increases in value over time and carries no credit risk. The precious metal benefits from multiple levers of demand such as gold jewelry, tech/industrial use and a reserve asset as well as a strategic investment. History has shown that gold’s variable demand pressures enhance a portfolio by improving diversification, providing liquidity and delivering long-term returns. Reacting to uncertainties, many gold mining companies, including GEMXX Corp. (OTC: GEMZ) ( Profile ), have enjoyed significant growth during the recent volatility. Exploding past startup phase and achieving global growth in mere months, GEMXX is fast approaching a holy grail that differentiates GEMXX from all others in the gold space – a vertically integrated mining company – a unique mine-to-market enterprise that specializes in gold and gemstone mining as well as jewelry creation, production and global sales. GEMXX owns and controls every aspect of the process from gold mining and gemstone finishing to jewelry manufacturing and global distribution. Other larger mining companies may not have the unique vertical integration of GEMXX but are still seeing success in the precious metal sector including Agnico Eagle Mines Ltd. (NYSE: AEM) , which recently reported record second-quarter numbers; Barrick Gold (NYSE: GOLD) , which anticipates a second half of the year performance that surpasses its first; Newmont Mining (NYSE: NEM) , which has received required approvals on a key acquisition announced earlier this year; and Franco-Nevada Corp. (NYSE: FNV) , which has established a business model that provides investors with gold price and exploration optionality while limiting exposure to cost inflation.

NetworkNewsWire Editorial Coverage : In volatile economic conditions, smart money seeks stability and moves to safe havens. Historically, one of the safest places and most stable spaces during economic uncertainty is gold, a highly liquid asset that preserves and even increases in value over time and carries no credit risk. The precious metal benefits from multiple levers of demand such as gold jewelry, tech/industrial use and a reserve asset as well as a strategic investment. History has shown that gold’s variable demand pressures enhance a portfolio by improving diversification, providing liquidity and delivering long-term returns. Reacting to uncertainties, many gold mining companies, including GEMXX Corp. (OTC: GEMZ) ( Profile ) , have enjoyed significant growth during the recent volatility. Exploding past startup phase and achieving global growth in mere months, GEMXX is fast approaching a holy grail that differentiates GEMXX from all others in the gold space – a vertically integrated mining company – a unique mine-to-market enterprise that specializes in gold and gemstone mining as well as jewelry creation, production and global sales. GEMXX owns and controls every aspect of the process from gold mining and gemstone finishing to jewelry manufacturing and global distribution. Other larger mining companies may not have the unique vertical integration of GEMXX but are still seeing success in the precious metal sector including Agnico Eagle Mines Ltd. (NYSE: AEM) , which recently reported record second-quarter numbers; Barrick Gold (NYSE: GOLD) , which anticipates a second half of the year performance that surpasses its first; Newmont Mining (NYSE: NEM) , which has received required approvals on a key acquisition announced earlier this year; and Franco-Nevada Corp. (NYSE: FNV) , which has established a business model that provides investors with gold price and exploration optionality while limiting…

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TORONTO, Sept. 07, 2023 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce partial results from 2023 exploration diamond drilling at the Betty Ford target on the Betty property including 3.38 g/t Au over 53.0 m from 7.30 m depth in hole BETFD23D013, which included higher grade subintervals of 7.19 g/t Au over 6.30 m and 8.00 g/t Au over 4.35 m. Results of diamond drilling at the Vertigo target on the JP Ross property include 1.4 g/t Au over 58.4 m in hole JPRVER23D0052 from 40.95 m depth, and JPRVER23D0051 which intersected three zones of high-grade gold mineralization. Betty Ford and Vertigo (Figure 1) are located approximately 65 km southeast and 30 km northeast respectively from the Company’s flagship White Gold Project in west-central Yukon, Canada, which comprises 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the Inferred Resource category (1).

TORONTO, Aug. 15, 2023 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to announce the commencement of its maiden diamond drilling program at the Cali target on the Nolan property, in the White Gold District, situated in the west-central region of the Yukon, Canada (Figure 1). The Cali target is located approximately 77 km west from Dawson City via the Top of the World Highway, connecting Dawson City to Alaksa, and is perched in the hills surrounding the Sixty Mile River. Historically, the Sixty-Mile River has produced significant amounts of placer gold since the late 19th century, however the area has received minimal modern hard rock exploration. Planned maiden diamond drilling at Cali in 2023 (Figure 2) is designed to test for gold mineralization along a continuous 2 km long multi-element soil anomaly coincident with the Sixtymile-Pika Fault, a large regional structure which bisects the property. The Cali target represents one of the Company’s several compelling grassroot projects in the underexplored White Gold District which provide the opportunity for new discoveries in addition to the Company’s recently announced gold discoveries and its flagship White Gold Project which comprises 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the Inferred Resource category(1) which remains open for expansion. This drill program forms part of the Company’s 2023 fully funded program on its extensive 350,000 hectare land package in the emerging White Gold District, Yukon, supported by strategic partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC).

TORONTO, July 20, 2023 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the "Company") is pleased to provide an update on regional components of the 2023 exploration program (Figure 1) which are designed to test several of White Gold’s most prospective, yet relatively untested soil geochemical targets which are sizeable enough geochemical footprints that, if successful, could be capable of hosting significant deposits. As part of this regional program, the Company designed a maiden Rotary Air Blast (RAB) drilling on the Wolf and Toonie properties to test large soil geochemistry anomalies on both properties, identified through the Company’s systematic exploration approach that has led to several other discoveries on its other properties. Maiden RAB drilling has commenced on the Wolf Property on the Taurus target, a large approximately 2 km long by 0.5 km wide, northeast-trending gold in soil anomaly, with maximum values of 358 ppb Au and multiple anomalous GT probe sampling results. On the Toonie Property, maiden RAB drilling is currently underway on the Deux target located in the northwestern region of the property and forms a 1.5 km by 0.5 km east-west trending multi-element (Au-As-Tl-Ag) soil anomaly, including maximum values of 156 ppb Au. This work forms part of the Company’s fully funded 2023 exploration program backed by strategic partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corporation (TSX: K, NYSE: KGC). The Company’s land package represents over 40% of the emerging White Gold District in Yukon, Canada in which the Company has made several high grade gold discoveries such as Betty Ford, Ryan’s Surprise & Vertigo, and has significantly increased resources at the Company’s flagship White Gold Project which now comprises 16 million tonnes averaging 2.23 g/t Au for 1,152,900 ounces of gold in the Indicated Resource category and 19 million tonnes averaging 1.54 g/t Au for 942,400 ounces of gold in the Inferred Resource category(1) and remains open for expansion.