White Metal Resources

Exploring Base and Precious Metal Opportunities in Canada and Namibia’s Major Copper Belts

This White Metal Resources profile is part of a paid investor education campaign.*



Diversification is one of the golden rules of investing, no matter which industry you are looking at and when it comes to the mining sector, project diversification is a powerful strategy to mitigate risk. Companies with a diverse portfolio of prospective projects have more protection against the inherent ups and downs of commodities cycles and more exposure to potential mineral discoveries.

Mining producers with sole investment in one market may be hit the hardest when demand or prices rapidly decline. However, finding companies with the expertise to diversify their project portfolio and target materials with robust markets is like striking gold. These companies have the potential to offer safety and provide stakeholders significant exploration success.

White Metal Resources (TSXV:WHM) is a Canadian mineral exploration company focused on precious and base metal projects in Ontario and Newfoundland in Canada, as well as in Namibia, Africa. White Metal’s well-seasoned management team and board of directors has the geological, technical, corporate governance and financial capabilities, along with numerous years of experience and achievements in the mining industry, to plan and execute various strategies to enhance value for its shareholders.

White Metal Resources’ Company Highlights

  • Has a diverse portfolio in areas with excellent infrastructure in mining-friendly jurisdictions.
  • Multiple projects have historical deposits which show excellent possibilities to be expanded.
  • Some projects are adjacent to other important projects, deposits, and mines such as the case of the Seagull Lake PGE Project and Impala Canada’s Lac des Iles PGE-copper-nickel mine.
  • Multiple targets on the Tower Stock Gold Project with unexplored area between main historical deposits, the U-V and Bench zones, in addition to historical drill holes which ended in gold mineralization.
  • Okohongo in Central African Copperbelt. (Belt estimated to contain 5 billion tonnes of copper grading about 4 percent Cu).
  • DorWit in the Kalahari Copperbelt (Belt is a major zone of Stratabound copper-silver deposits).

White Metal Resources’ Key Projects

The company is currently operating three prospective projects in Ontario:

  • Seagull Lake Platinum Group Element (PGE) project (100 percent owned)

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  • Far Lake Copper-Silver project (JV – White Metal carries an interest of 30 percent)
  • Tower Stock Gold project, its flagship project (100 percent owned)

The Company is also currently operating three prospective projects which are in Newfoundland and Namibia Africa including:

  • Startrek Gold-Antimony – Newfoundland (White Metal 30 percent carried interest)
  • DorWit Copper-Silver – Namibia (White Metal 30 percent carried interest)
  • Okohongo/Taranis Copper–Silver – Namibia (White Metal 95 percent/Namibian Partner 5 percent)

Tower Stock Gold Project (Ontario)

The Tower Stock Gold Project in northwestern Ontario, is White Metal’s flagship project. The asset covers approximately 1,994 hectares and consists of single cell mining claims and boundary cell mining claims. Also included in this area are 188 hectares of patented mining claims. Strategically positioned about 40 kilometers northwest of the port city of Thunder Bay, Ontario, Tower Stock leverages a nearby highway, railway and hydro with exploration facilities located on the Property.

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A recent visit to the Tower Stock Gold Project site

Past exploration campaigns have determined gold mineralization is hosted within Tower Stock’s volcanic and sedimentary rock units and within the associated Tower Mountain Intrusive Complex (“TMIC”). Historical drill core intercepts have outlined both high-grade and low-grade gold zones. With at least 2 km of potential strike between the U-V Zone gold deposit in the northwest and the last recorded exploration drilling (TM-07-58: 6.0 meters @ 5.42 g/t Au) to the southeast, the Company believes there is ample opportunity to build both high-grade and low-grade (bulk tonnage) gold resources through in-fill drilling and to expand current mineral resources through additional drilling. Given the Property’s extensive historical database and the plethora of gold mineralization known across the Property, White Metal believes they are on the doorstep of making significant discoveries.

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Favourable assay results from 2020 summer sampling programs show potential to connect

the main zones gold mineralization between the U-V Zone and Bench Zone.

Historical mineral resource estimates from 2006 place Property resources just under 4 million tonnes of Inferred gold at potential grades hovering around 0.7 g/t Au. Grab samples taken in 2020 returned much higher grades, including one sample of 16.2 g/t Au.

Far Lake Copper-Silver Project (Ontario)

The newly discovered Far Lake Copper-Silver Project is a highly prospective joint venture option with Benton Resources. The Property infrastructure includes excellent access to established logging roads, an on-site power flank, national railways, and the Trans-Canada Highway.

Benton reported in early 2021 that it had discovered wide zones of mineralization at Far Lake including 0.15 percent Cu and 0.15 g/t Ag over 60.4 meters, including 0.35% Cu and 0.51 g/t Ag over 15.6 meters, and 1.08 percent Cu and 1.63 g/t Ag over 2.6 meters (drill hole FL-20-11). This drill hole is located approximately 1,800 meters northwest along strike from the same structure as the Far Lake Discovery Zone where surface sampling produced copper grades up to 22 percent Cu over 0.7 meters. Drill holes FL-20-01 to FL-20-05, completed at the Discovery Zone, yielded results that included 0.19 percent Cu and 0.34 g/t Ag over 33.6 meters, including 1.11 percent Cu and 1.33 g/t Ag over 3.1 meters (drill hole FL-20-03).

Seagull Lake PGE Project (Ontario)

The Seagull Lake PGE Project occupies a large land position comprising 357 single cell mining claims over 10,411 hectares. Established mining operations proximal to the Property (<50 km away) include Clean Air Metals’ (TSXV:AIR) Thunder Bay North PGE property and Impala Canada’s (OTCQX:IMPUY) Lac des Iles PGE-copper-nickel mine. The Project’s excellent infrastructure, natural gas pipeline, and favorable geological conditions primes it for significant discoveries.

The primary target in the Project area is the Seagull Lake Intrusion (“SLI”), described as a 10 km diameter, circular intrusive composed of ultramafic rocks with a high olivine content and derived from a deep mantle source. Layering and multiple phases of intrusion have been recognized, creating a favourable setting for Noril’sk Type sulphide accumulation. The SLI is located in the Nipigon Plate, which is interpreted to represent the failed third arm of a Proterozoic-aged, mid-continent rift system, the bulk of which lies beneath Lake Superior to the south.

This rifting event is interpreted to be associated with significant Cu-Ni-PGE mineralization such as:

  • the Duluth Gabbro Complex deposits (Dunka Road, Minnamax, Local Boy, etc.) in Minnesota, USA,
  • the Eagle Nickel Mine (Lundin Mining) in Michigan, USA, and
  • the Great Lakes Nickel deposit in Ontario.

The discovery of Noril’sk-type Cu-Ni-PGE sulphide mineralization became the focus for subsequent exploration programs, which reported from diamond drilling 3.6 g/t Pt+Pd, 0.34 percent Cu and 0.21 percent Ni over 2.1 meters and 1.04 g/t Pt+Pd, 0.14 percent Cu and 0.16 percent Ni over 16 meters (from Pettigrew, 2002).

Startrek Gold-Antimony Project (Newfoundland)

Leveraging the current revitalization of gold exploration in Canada’s easternmost province of Newfoundland, the Company has entered a binding letter of intent to option up to a 70% interest in the Startrek Gold-Antimony Project.

The Property consists of 278 claim units over 7,371 hectares. It is located approximately 20 km east of Gander, Newfoundland, and New Found Gold Corp’s (TSXV:NFG) Queensway Property and the Keats Discovery Zone, which reported a diamond drill core intersection of 19.0 meters at 92.9 g/t Au starting at 96 meters.

The Startrek Property’s three main exploration zones host significant high-grade gold mineralization. One grab sample from the Central Zone assayed 40.9 g/t Au and 6.7 g/t Ag. The remaining zones pose promising potential for additional high-grade gold discoveries.

DorWit and Okohongo Copper-Silver Project (Namibia Africa)

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The Company currently controls two excellent copper-silver prospects in Namibia:

  • DorWit Copper-Silver project (central Namibia)
  • Okohongo/Taranis Copper-Silver project (northwest Namibia)

DorWit Copper-Silver Project (Namibia)

The DorWit Copper-Silver Project, defined by EPLs 7028, 7029 and 7030, is located approximately 150 km from Windhoek, Namibia’s capital, and spans about 65 km across the Kalahari Copper Belt. The Project’s three licenses cover approximately 78 865 hectares, and leverages rail lines, power lines and a local skilled workforce. The Property’s six copper deposits show excellent potential for resource expansion.

Exploration plans for 2021 include an airborne electromagnetic geophysical survey which will mark the first time this type of modern geophysical survey has been completed over the Property.

 Mineral Resources are considered historical in nature, have not been independently verified by a QP and are non-compliant with NI 43-101.

Okohongo/Taranis Copper-Silver Project (Namibia)

The Okohongo/Taranis Copper-Silver Project, defined by licence EPL 7071, is located in the Central African Copperbelt and covers about 19,805 hectares, located in the northwestern region of Namibia. The licence contains the historical Okohongo Cu-Ag deposit which extends over 600 meters in strike length and is hosted by metasedimentary strata which is analogous to the stratiform sediment-hosted deposits found in the Central African Copperbelt of Zambia.

Historical Inferred Mineral Resources (2006) measure approximately 10.2 million tonnes grading 1.12 percent Cu and 17.75 g/t Ag.

The company is currently completing an over 3,000 meters reverse circulation drilling program over the Okohongo copper-silver deposit in order to generate a new National Instrument 43-101 compliant Mineral Resource Estimate and Technical Report.

White Metal Resources’ Board and Management Team

Michael Stares—Project Manager, President & CEO

Michael Stares is a successful entrepreneur and has been involved in the mining exploration business for over 30 years. Stares is co-owner of Stares Contracting Corp., an exploration services company, which he has successfully managed for the past 15 years. In March of 2007, Stares, along with the rest of the Stares/Keats family, were the proud recipients of the Prospectors and Developers Association of Canada (PDAC), “Bill Dennis Prospector of the Year Award.”

He has served on the board of several junior mining companies and at present is a director of Metals Creek Resources Corp. and Benton Resources Inc. In 2009, he and his brother Stephen started Rare Earth Metals Inc., for which he served as president and CEO for three years. He is excited to share the knowledge he has gained over the past 30 years to advance White Metal Resources and contribute to its growth now and into the future.

Elliot Strashin, Director (Chairman)

Dr. Elliot Strashin graduated from the University of Toronto School of Medicine in 1980 after which he practiced in the community of Elliot Lake. It was during his tenure in Northern Ontario that he began prospecting and staking mineral claims. From 1996-2001 he served as a director of Maple Minerals Inc. In April of 1999 he joined the board of Canadian Golden Dragon Resources Ltd. as Secretary and became President and C.E.O. in January of 2000. He continued to serve as an officer of the corporation through its time as Trillium North Minerals Ltd., until June of 2014 when it became White Metal Resources Inc. Dr Strashin is also a member of the board for other public and private companies involved in various green technologies.

Jean-Pierre Colin—Director

Jean-Pierre Colin DCS, LL.L, MBA, is a corporate strategy consultant to high-growth publicly listed mining companies. He has been an effective mining executive and securities industry professional. Over three decades, Colin’s investment banking background has extended to firms such as Richardson Greenshields, JP Colin Securities, Deacon Capital, Octagon Capital and Desjardins Securities, where he provided corporate financing and mergers and acquisitions services to hundreds of prosperous mining issuers. Colin co-founded and managed the highly successful NIM group of mining funds in the 1980s and the Caratax mining funds of the 1990s, collectively working a portfolio of over C$750,000,000 of flow-through shares and invested in over 200 junior mining companies in Canada.

Colin is also a director of dynaCERT Inc. and Sego Resources Inc., and he has formerly served as director of Premier Gold Mines, Wolfden Resources, Virginia Gold and Pelangio Mines. He was the initiator and a founding shareholder of Detour Gold, one of Eastern Canada’s most extensive gold mining operations.

Scott Jobin-Bevans—Vice President Exploration & Director

Dr. Scott Jobin-Bevans has +30 years in the mineral exploration business, including fieldwork, management and administrative duties, research, report writing, presentations, and project finance. Dr. Jobin-Bevans has nearly 20 years of direct experience with public and private companies as an officer, director and technical advisor, and has taken several private companies public. He is a registered geoscientist with the Association of Professional Geoscientists of Ontario (APGO), an adjunct professor in the Department of Geology, Lakehead University and a certified Project Management Professional (PMP). He also has a wide range of exploration experience in most commodities, including magmatic sulfides and PGE mineralization, gold, silver, copper (porphyry) and base metals (VMS). Dr. Jobin-Bevans has an extensive industry and government network and served as president and a director of the Prospectors and Developers Association of Canada (PDAC).

Nikolaos S. Tsimidis—CFO

Nikolaos S. Tsimidis. Nick is an entrepreneur and a specialist in real estate investments’ financial aspects. He graduated with a Bachelor of Commerce from the University of Toronto in 1987. Upon graduation, he spent six years at KPMG in the audit department, providing services to various clients. In September 1993, Nick left KPMG to set up his chartered accounting firm, focusing on tax and financial planning. Nick is the CFO and the Principal Broker for Union Capital Management Inc. The CFO of Haven Property Development Inc. Nick is also the CFO and a director of Metals Creek Resources Corp. and Bold Stroke Ventures.


  1. It is not known if drill hole intervals represent true widths and are therefore being treated as core length intersections.
  2. Mineral Resources are considered historical in nature, have not been independently verified by a QP and are non-compliant with NI 43-101.
  3. Mineralization reported from adjacent or proximal exploration properties and operating mines is not necessarily indicative of the mineralization to be expected on the property itself. 

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services, or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with White Metal Resources and seek advice from a qualified investment advisor.

*Disclaimer: This profile is sponsored by White Metal Resources ( WHM:CA ). This profile provides information which was sourced by the Investing News Network (INN) and approved by White Metal Resources in order to help investors learn more about the company. White Metal Resources is a client of INN. The company's campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with White Metal Resources and seek advice from a qualified investment advisor.

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