Yukon's Treasure: Triumph in the North
Contributed Opinion

1. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Agnico Eagle Mines Ltd. [COMPANY].
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I covered White Gold Corp. (WGO:TSX.V; WHGOF:OTCQX; 29W:FRA) nearly a year ago and surprisingly, the opening two paragraphs remain as relevant today as they were 51 weeks back, so I'll maintain them almost unchanged while crafting fresh content around them. White Gold (WGO-V) has achieved extraordinary gains with shares climbing almost 500% during the past half-year.

After months of new record high prices for gold day after day, the market woke up to reality last week. We have started a correction in my view. It's that time of the year when investors start thinking about dumping their losers into Tax Loss Silly Season running from now until just before Christmas. I think the process could run into January but we needed a correction and we seem to have it.

So, I've been looking for the low-hanging fruit. With all the stupidity in the world and teetering on the edge of WW III, gold is both an investment and an insurance policy against financial chaos at the same time.

Every gold bull market features regions that generate significant interest and capital inflow. I anticipate that during this upward cycle, one prominent area will be the Tombstone Gold Belt extending from NWT through the Yukon and into Alaska. Though White Gold isn't part of the Tombstone Gold Belt, any spotlight on Yukon benefits them as well.

White Gold essentially dominates the White Gold District comprising various mineral ventures assembled over numerous years by Shawn Ryan, arguably Canada's most renowned prospector. WGO possesses 21 distinct properties representing approximately 40% of the White Gold District and encompassing roughly 300,000 square kilometers with 15,364 individual claims.

Three weeks ago, WGO submitted an updated 43-101 revealing approximately 3.0 million ounces of gold averaging 1.38 g/t gold. The aptly named Golden Saddle features a premium core of 695,000 ounces in the indicated category, grading 4.88 g/t Au. Considering today's gold price around US$4,000 per ounce, this translates to roughly CA$880 value per tonne within that premium core.

White Gold recently completed a perfectly timed private placement, securing CA$23 million. They finalized this financing on a day when gold reached an unprecedented peak. Thus, while many junior gold speculators contemplate approaching the market, WGO seized the opportunity and capitalized on favorable conditions.

White Gold enjoys backing from a formidable partner, Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE), which holds 19.9% ownership. In another strategic victory orchestrated by CEO David D'Onofrio, the company recruited the famed Dylan Langille, previously integral to Great Bear Resources Ltd.'s core team before Kinross Gold Corp. (K:TSX; KGC:NYSE) acquired them for CA$1.8 billion. Dylan serves as WGO's VP of Exploration, bringing fresh perspectives and expertise to examine what already represents a spectacular achievement.

I concluded last year's article with these two paragraphs:

Inflation is heating up, as are the geopolitical tensions in the world. Gold touched US$2,800 recently, but it’s going to go a lot higher in the near future.

White Gold is a zero brainer.

I'd say those assessments proved accurate. We'll experience a correction from today's US$4,000 level before climbing substantially higher later.