Commodore Metals Corp. press release

White Gold Corp. Defines Multiple Copper and Multi Element Porphyry Style Targets at the Bridget Target, Situated Along the Big Creek and Sixty Mile River Fault Systems in the Minto-Carmacks Copper Belt and Announces Corporate Webinar

2025-12-16

CSE - Canadian National Stock Exchange · Gold · Arsenic · Copper · Nickel · Cobalt · Platinum · Palladium · Canada

White Gold Corp. Defines Multiple Copper and Multi Element Porphyry Style Targets at the Bridget Target, Situated Along the Big Creek and Sixty Mile River Fault Systems in the Minto-Carmacks Copper Belt and Announces Corporate Webinar

TORONTO, Dec. 16, 2025 (GLOBE NEWSWIRE) -- White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W ) (the "Company") is pleased to announce the results from the 2025 gradient and dipole-dipole induced polarization (“IP”) geophysical surveys at the Bridget Target on its 100%-owned Pedlar Property in Yukon, Canada. These results have outlined multiple large-scale geophysical anomalies consistent with porphyry-style mineralization. The combination of strong geophysical responses, favorable structural context, and supporting geochemical evidence makes these targets highly prospective for drill testing in the next phase of exploration.

The Bridget target is situated within the highly prospective Minto-Carmacks Copper Belt, approximately 30 km north of Western Copper and Gold Corp’s Casino copper-gold-molybdenum deposit—one of Canada’s largest undeveloped porphyry systems, which hosts Measured and Indicated Resources of 2,490.7 Mt grading 0.18 g/t Au, 0.14% Cu for 14.8 million ounces of gold and 7.6 billion pounds of copper, and Inferred Resources of 1.4 Mt grading 0.14 g/t Au, 0.14% Cu for 6.3 million ounces of gold and 3.1 billion pounds of copper (1)(2) . The Casino project has attracted governmental interest and significant strategic investments from major mining companies, including Rio Tinto Canada Inc. and Mitsubishi Materials Corporation. The Pedlar property is also located 40 km southeast of the Company’s flagship White Gold project (Figure 1) which contains a resource estimate of 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 grams per tonne gold) and 1,265,900 ounces of gold in inferred resources (32.2 million tonnes grading 1.22 g/t Au) (see the Company's news release dated October 6, 2025) (3)(4)

The Pedlar Property is transected by two large northwest trending major crustal-scale dextral transpressional faults – the Sixtymile River Fault, which extends roughly 160km to the northwest and the Big Creek Fault, which extends as much as 150 km to the southeast through White Gold Corp’s Hayes property (Figure 2). Both faults host several significant multi-element porphyry and epithermal deposits including Gold (Au), Silver (Ag), Molybdenum (M), Copper (Cu), Lead (Pb), and Zinc (Zn) and also including Selkirk Copper Mines Inc’s Minto Mine, which contains Indicated Resources of 12.588Mt grading 1.203% Cu, 0.461 g/t Au, 1.728 thousand ounces Ag for 333.8 M lbs copper, 186.6 k oz gold, and 1.728 M ounces silver and Inferred Resources of 23.658 Mt grading 1.048 % Cu, 0.387 g/t Au, 3.9 g/t Ag for 546.8 M lbs copper, 294.7 K ounces gold, and 2.9681 K ounces silver (5)(2) . Other notable deposits along these structures include the Carmack’s Copper Project, Senora Gulch, Nucleus, Tintina Hill, and Revenue.

The 2025 Bridget IP survey delineated multiple high-priority anomalies, including five porphyry targets defined by chargeability, resistivity, metal factor, and 2D inversion models. These geophysical features are directly associated with the large multi-element soil anomalies measuring 3km x 4.3km. Together, these results represent strong evidence of the potential for concealed porphyry style mineralization system at Bridget.

Shawn Ryan, co-founder, Chief Technical Advisor and Director, speaking to the potential of the Bridget target, commented: “The Bridget target has an interesting history, as it was one of four top prospects first identified back in 1972 when Silver Standard Mines conducted an extensive 14,000-plus regional silt survey looking for another Casino deposit. During that campaign, Silver Standard also discovered the Minto copper deposit and ultimately shifted focus there, but Bridget remained one of the most compelling anomalies in the district. Bridget has been on our radar for decades because it checks all the boxes of a classic porphyry target – large multi-element soil footprint, strong Bismuth-Moly-Copper zonation, favourable host rocks, and now strong geophysical evidence of sulphide-bearing bodies at depth. The 2025 IP survey has now confirmed and expanded upon the responses first observed in 2023, outlining multiple coherent chargeability bodies with clear depth continuity over a broader area. These are exactly the types of signatures we expect when a concealed porphyry system is pushing fluids upward along major crustal structures like the Big Creek and Sixty Mile River fault networks. I look forward to seeing the first diamond drill holes into this exciting target.”

“With global demand for critical minerals accelerating and Canada placing historic emphasis and support on development of domestic copper and critical minerals, the results at Bridget come at a pivotal time. Projects with scale potential in safe, mining-friendly jurisdictions are increasingly sought after, and Bridget is shaping up to be exactly that type of opportunity. The multiple targets we’ve outlined highlight the strength of our portfolio and our ability to advance a meaningful discovery in a region poised to play a major role in the future of Yukon and North American critical mineral supply chain. We look forward to advancing our critical mineral opportunities along with our flagship Gold Resource which represents one of highest grade open pittable deposits in Canada and continuing to make new gold & critical mineral discoveries on our district scale land package” Commented David D’Onofrio, Chief Executive Officer of White Gold Corp.

An overview of the Pedlar property, including the Bridget target, was previously provided in the Company’s release dated July 28 th , 2025 which is available on the Company’s website ( https://whitegoldcorp.ca/news/ ) and in SEDAR+. Maps and images accompanying this news release can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

Highlights:

The Bridget target represents a large, Copper + multi-element porphyry target that has never been diamond drill tested.

A strong soil geochemical anomaly measuring 3.0 km x 3.5 km is centered on Bridget, with a Cu-Mo-Bi core and Ag-Zn-Pb-W halo, consistent with a zoned porphyry system.

The 2025 IP survey defined 24 chargeability axes (IPGB-1 to IPBG-24), including multiple moderate to strong anomalies across the grid (Figures 3.1 and 3.2)

Five high-priority drill targets (80-to-150-metre depths) were selected based on overlapping chargeability highs, resistivity lows, and elevated metal factor responses beneath the core of the geochemical anomaly. (Figures 4 and 5)

Structural interpretations combined with regional fault architecture and favourable geology support a strong porphyry mineralization model.

2022 prospecting rock samples returned mineralogy consistent with porphyry-style alteration, supported by hyperspectral results indicating key porphyry-related alteration assemblages.

Bridget is now recognized as a large-scale, high-potential Copper-Moly porphyry target in a proven metallogenic belt, supported by compelling geophysical, geochemical, structural, and alteration evidence.

The Company is continuing to advance its corporate actions to isolate and unlock the value of its critical mineral projects for shareholders, of which the Pedlar property is slated to be included.

Additional results from the Company’s Phase I Regional and Phase II Diamond Drill exploration programs across its district-scale portfolio of gold and critical mineral projects to be released in due course.

Webinar Details

The Company will be hosting a Webinar 1pm EST (10am PST) on Wednesday, December 17 th , 2025 to review these results as well as to provide a recap of 2025 and its plans for an impactful 2026 on the Company’s district scale land package, in the prolific White Gold District in Yukon, Canada.

Live webinar registration: https://6ix.com/event/white-gold-corp-wraps-up-2025-and-looks-ahead-to-2026

Regional Setting – The Dawson Range and Critical Mineral Belt

The Dawson Range is an east-southeast trending mountain belt that hosts numerous significant mineral deposits and prospects along the Minto-Carmacks Copper Belt, including the Casino copper-gold porphyry deposit in the west owned by Western Copper and Gold (Figure 2). In the southeast near the community of Carmacks, the Minto Mine owned by Selkirk Copper Mines Inc. contains Indicated Resources of 12.588Mt grading 1.203% Cu, 0.461 g/t Au, 1.728 thousand ounces Ag for 333.8 M lbs copper, 186.6 k oz gold, and 1.728 M ounces silver and Inferred Resources of 23.658 Mt grading 1.048 % Cu, 0.387 g/t Au, 3.9 g/t Ag for 546.8 M lbs copper, 294.7 K ounces gold, and 2.9681 K ounces silver (5)(2) . It also hosts the Carmacks Copper project, which contains Measured and Indicated Resources of 36.25 Mt grading 0.81 % Cu, 3.25 g/t Ag, 0.26 g/t Au for 651 M lbs of copper, 3.79 M ounces silver, and 302 K ounces of gold (6)(2) , owned by Cascadia Minerals Ltd.. Both deposits are interpreted as metamorphosed copper-gold-silver porphyry systems. Porphyry deposits in the Dawson Range occur in two principal age groups: Late Triassic (e.g., Minto, Carmacks) and Late Cretaceous (e.g., Casino, Cash, Revenue). In addition to porphyry-style mineralization, the Dawson Range also hosts epithermal, skarn, and polymetallic to gold-dominant veins, breccias, and fracture zones (7) . Owing to this diverse and highly prospective mineral endowment, the region has attracted increasing attention and investment in recent years from both junior and major mining companies.

2025 IP Surveys

From July through August 2025, Géophysique TMC (“TMC”) carried out 99.45 line-kms of gradient and dipole-dipole induced polarization (“IP”) chargeability and resistivity surveys across the Bridget, Guilder, and Mt. Hart targets using conventional electrode arrays (see About IP Survey below). At Bridget, a 39.825 line-km gradient IP grid consisting of 10 – 200 m spaced lines-oriented NE-SW was read over distances ranging between 3.375 – 4.475 km. A single 3.80 km dipole-dipole line (Line 8+00E) was produced along Line 8+00E of the gradient grid was read from station 425N to 4225N. At Guilder, a 22.2 line-km gradient IP grid consisting of 13 – 200 m spaced lines-oriented NNE-SSW was read over distances ranging between 1.4 – 2.2 km. A single 1.4 km dipole-dipole line (Line 6+00E) was produced along Line 6+00E of the Guilder gradient grid from stations 0 to 1400N. At Mt. Hart, a 32.225 line-km gradient IP grid consisting of 6 – 250 m spaced lines-oriented NE-SW was read over distances ranging 3.025 – 6.025 km. All five surveys detected chargeability anomalies, with the dipole-dipole lines detecting anomalies up to 200 m in depth.

IP Results

At Bridget, twenty-four IP axes were identified within the gradient survey area, successively labelled from IPGB-1 to IPGB-24 (Figure 3.1 and 3.2). These NW-SE striking axes are concentrated in the northern three-quarter of the survey grid. They are indicative of weak to strong polarisable anomalies mostly correlated with a slight increase or decrease in resistivity. Their lateral extents range from 200 to 1200 m and appear to be partially controlled by NNE/SSW oriented faults. Four geophysical domains have been interpreted in the survey area. The transition from one domain to another is marked by NW-SE oriented contacts.

Line 800E of the Bridget gradient grid was partially re-surveyed with the dipole-dipole electrode array (a = 50 m, n=1 to 12). The initial objective was to confirm the location and relative interest of some of the anomalies highlighted by the gradient survey. The second objective was to use the 2D IP-RES inversion models generated from these results to suggest potential drill targets to test the most favourable anomalies. The 2D IP-RES inversion models allow the estimation of the location and, to certain extent, the shape of anomalous targets.

Six chargeability and resistivity anomalies, successively labelled from IPB-1 to IPB-6, were indicated on the IP section of line 800E and then graded as per their relative strength. Of the six anomalies identified, four can be directly correlated to the gradient IP anomalies identified along the same profile. The three northernmost anomalies, IPB-3, IPB-5, and IPB-6 feature shallow seated targets near surface on hillsides. The associated polarizable sources exhibit steep apparent dips, and 2D inversion modelling indicates they continue to depth.

From the gradient and dipole-dipole IP surveys, five high priority drill targets have been constructed based on overlapping geophysical and geochemical signatures. These targets, labelled TBRI-1 through TBRI-5, are characterized by moderate to strong chargeability highs, coincident resistivity lows, and elevated metal factor values. Importantly, these anomalies occur directly beneath zoned Cu-Mo-W-Bi-Pb-Ag surface geochemical anomalies and exhibit continuity to depth in the 2D inversion models. The geometry and amplitude of these anomalies are consistent with disseminated sulfide mineralization typically associated with buried porphyry systems. TBRI-3 stands out as a priority target due to its size, a strong polarizable anomaly correlating with a resistivity low, and spatial correlation with mapped alteration zones, while IPB-5 and IPB-1 also present compelling near-surface targets along interpreted structural conduits. TBRI-4 and TBRI-5 are characterized as moderate to strongly polarized anomalies with resistivity highs while being spatially associated with high molybdenum (Mo) and tungsten (W) soil geochemistry values (Figure 4 and 5). The combination of strong geophysical responses, favorable structural context, and supporting geochemical evidence makes these targets highly prospective for drill testing in the next phase of exploration. TBRI-1 and TBRI-2 are characterized by strong high chargeability anomalies corresponding with moderate to low resistivity, and a surface geochemistry signature showing a high Cu-Mo core with linear trending silver-tungsten highs (Figure 4 and 5). Figure 6 demonstrates that historic RAB drilling, targeting one of these anomalies, did not extend deep enough to reach the desired target.

Next Steps

The Company is encouraged by the success of the gradient and dipole-dipole survey programs in detecting chargeability and resistivity anomalies beneath the soil geochemistry anomalies at the Bridget target. The broad scale gradient and targeted dipole surveys have defined five highly prospective drill targets. These results warrant extensive follow up programs including ground truthing and structural mapping, trenching, and most importantly the initiation of diamond core drilling. In addition, the company has identified and defined other targets across the Pedlar property that would benefit from future geophysical survey programs.

About the Bridget Target

The Bridget target area is located on the Pedlar property and was first explored by Silver Standard Mines Ltd. (“Silver Standard”) and Asarco Exploration Company of Canada Ltd. (“Asarco”) in the early 1970’s following the discovery of the Casino Copper-Gold-Molybdenum porphyry deposit. A series of regional silt samples, soil sampling, and geophysical surveys by Silver Standard in 1971 and 1972 led to the discovery of a significant molybdenum-copper geochemical anomaly, now known as the Bridget target. Historical exploration work between 2004 and 2016 included soil sampling, prospecting, geological mapping, and geophysical surveys. In 2016 the Company acquired ownership of the property and has continued to expand the large multi-element (molybdenum, copper, bismuth, tungsten, lead, silver) soil geochemical anomaly that currently measures 3 km NW-SE by 4.3 km NE-SW. In 2018, a maiden rotary air blast (RAB) drilling program comprising 10 holes totalling 548.6 m was completed; however, the RAB holes were short testing to a maximum vertical depth of only 70 m, well short of potential porphyry mineralization beneath the anomalous soils. The Porphyry targets characterized by IP chargeability high anomalies remain completely untested.

Critical Minerals Portfolio

The results reported in this news release further demonstrate White Gold Corp’s disciplined and repeatable approach to advancing early-stage geochemical and geophysical anomalies into drill targets. This press release represents the first of three planned 2025 induced polarization (“IP”) geophysical programs and highlights the growing significance of its critical minerals’ portfolio.

Phase I surveys completed during the 2025 field season targeted three priority multi-element porphyry systems: the Bridget target on the Pedlar property, the Guilder target on the Loonie property, and the Mount Hart target on the Nolan property. These targets represent advanced early-stage copper-gold ± molybdenum systems supported by large, coherent soil geochemical anomalies, favorable geological settings, and now confirmed subsurface chargeability and resistivity responses, collectively generating multiple drill targets.

In addition to these advanced porphyry targets, White Gold’s broader critical minerals portfolio includes several earlier-stage properties that host large, multi-element geochemical anomalies within permissive geological settings and represent compelling future growth opportunities. Additional information on these other projects which include the Isaac Target, Hayes Property, Aries Target, Wolf Property, Hunker Property, Titan Target and Henderson Property as the Company advances its critical mineral strategy.

Collectively, the Company’s critical minerals portfolio spans targets at varying stages of advancement—from geophysics defined IP porphyry systems to earlier-stage geochemical targets—providing White Gold Corp. with a scalable and repeatable pipeline of exploration opportunities. The 2025 IP results reinforce the effectiveness of this exploration strategy and position the Company to continue systematically advancing critical minerals targets across its extensive Yukon land package. Additional IP results and follow-up plans from the 2025 exploration program will be reported in subsequent news releases.

About IP Survey

Gradient electrode arrays were applied for the main IP coverage completed across the three targets. In this configuration, the current electrodes are in a fixed position whilst the survey is carried out in the central third of central half along the AB axis and half or two-thirds perpendicular to the AB axis. This electrode array has good lateral resolution, and for the given geological setting, the penetration depth (“PD”) mainly depends on the AB length.

Figure 7. Examples of gradient array and dipole-dipole lines deployed across the 2025 IP survey locations.

2025 Exploration Program Update

Phase II of the 2025 exploration season has been strategically focused on advancing and expanding the Company’s flagship White Gold Project, following a renewed emphasis on resource growth opportunities within and adjacent to the existing deposits. The program’s first drill hole at the Golden Saddle deposit successfully intersected the targeted high-grade footwall breccia, returning 6.89 g/t Au over 2.8 meters, alongside a very strong interval of 6.89 g/t Au over 50.2 meters within the Main Zone — representing one of the best grade-thickness intercepts ever reported from the property. Mineralization was also confirmed in the hanging wall, underscoring the potential for additional ounces in domains historically not recognized for their accretive resource potential.

These early results validate the technical strategy implemented this year, which targeted the footwall breccia and hanging wall extensions, as well as high-grade core continuity at Golden Saddle. Drilling, relogging, and assaying unsampled core initiatives seek to further demonstrate the presence of multiple parallel mineralized zones that remain open along strike and at depth, supporting the ongoing potential for the significant resource growth of the uniquely high-grade Golden Saddle Deposit. Assays from additional holes completed at both Golden Saddle (2) and Arc (2) are pending and expected to further refine the geological model and contribute to resource growth.