White Metal Resources Corp. is pleased to provide an exploration update from its Australian joint venture partner Noronex Limited on the DorWit Copper-Silver Project located in the Kalahari Copperbelt of central Namibia . The Namibian Project comprises three Exclusive Prospecting Licences that cover 72,000 hectares, referred to as the Witvlei and Dordabis properties. The Project is prospective for sedimentary-hosted ...

White Metal Resources Corp. (TSXV: WHM) (FSE: CGK1) (OTC Pink: TNMLF) ("White Metal" or the "Company") is pleased to provide an exploration update from its Australian joint venture partner Noronex Limited (ASX: NRX) ("Noronex") on the DorWit Copper-Silver Project (the "Project"), located in the Kalahari Copperbelt of central Namibia (see Noronex news release dated November 16, 2021). The Namibian Project comprises three Exclusive Prospecting Licences (EPLs) that cover 72,000 hectares, referred to as the Witvlei (EPL 7028 and EPL 7029) and Dordabis (EPL 7030) properties. The Project is prospective for sedimentary-hosted Cu-Ag mineralization within the prolific Kalahari Copper Belt that spans Namibia and Botswana. The focus of the current exploration efforts will be on the Witvlei Property that comprises EPL 7028 and 7029 (Figure 1).

Highlights

  • Initial assays received for first 10 holes (~1,900 m) of a ~60 hole (~12,000 m) reverse circulation ("RC") drilling program at the Witvlei Property.

  • Maiden drilling at the greenfields Otjiwaru Property intersected anomalous Copper confirming the soil geochemistry is reflecting underlying bedrock anomalies with one drilling intercept of 7.0 m grading 0.5% Cu - further results are pending.

  • Two rigs are currently finalising the drilling program at the Gemboksvlei Property (21 holes for 4,200 m) and next move to the Okasewa South Property to test high priority copper geochemical soil and geophysical IP chargeability targets. Okasewa South is located directly south of the known Okasewa Cu deposit which has an existing JORC (2012) mineral resource of 4.4 Mt at 1.2% Cu (see Noronex news release dated March 8, 2021).

  • Over 7,000 m of the 12,000 m planned drilling program have now been completed at the Otjiwaru, Christiadore and Gemboksvlei properties.

  • Drilling is planned to continue in coming weeks at Okasewa South and then move to the high priority targets at the Dalheim Property.

Michael Stares, President & CEO of White Metal, stated, "We are very pleased with the progress that the Noronex technical team has made in the early stages of exploration and drilling programs on the DorWit Copper-Silver Project in the Kalahari Copperbelt of Namibia. In a very short time, we have seen Noronex establish a significant presence in country, build a high-quality team, explore aggressively and rapidly grow our copper project portfolio. The recent addition of a second rig has accelerated drilling at Witvlei and we are looking forward to providing further updates on the Witvlei exploration program as Noronex continues to explore the Project."

Background

The Namibian Projects, comprise three Exclusive Prospecting Licences (EPLs 7028, 7029 and 7030) covering 72,000 hectares that are prospective for sedimentary Cu-Ag mineralisation along the prolific Kalahari Copperbelt that spans Namibia and Botswana. The Namibian Project contains a current JORC (2012) Inferred Mineral Resource of 10 MT grading 1.3% Cu (see Noronex news release dated March 8, 2021). The focus of the current exploration efforts is the five targets on the Witvlei Cu-Ag Project (EPL 7028 and 7029).

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5364/104808_4bb67d70f432b8d4_004.jpg

Figure 1. Plan map showing the copper-in-soil geochemistry anomalies and high priority targets being drill tested at the Witvlei Cu-Ag Property (Noronex, 2021).

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5364/104808_4bb67d70f432b8d4_004full.jpg

Otjiwaru Drilling

First assay batches have been returned from drilling at Otjiwaru with results received. A program of ten holes drilled for 1,927 m were completed at Otjiwaru (Figure 2 and Table 1). The zone targeted has sub-cropping sediments with malachite stains and a significant geochemical target. The holes intersected the Eskadron sequence containing brown siltstone and interbedded sandstones with debris flow. Minor malachite staining was intercepted down to approximately 25 m with fine pyrite and chalcopyrite developed in the siltstone horizons below. The northernmost holes, 21OTRC001 and 21OTRC010, were drilled north across a major structure into the older metamorphosed phyllites of the Damara, Duruchaus Formation and across a major regional shear that was unmineralized (Figure 3).

RC chip samples were collected at 1.0 m intervals in mineralized intersections and composited to 3.0 m where mineralisation was not visually noted. Samples were prepared in the ALS sample preparation facility in Namibia and assayed at their laboratory in South Africa. Anomalous copper concentrations were intersected in the preliminary investigatory drilling confirming the soil geochemistry, reflecting underlying bedrock anomalies. The best RC drill hole intercept was 7.0 m grading 0.5% Cu from 121.0 m in siltstone with fine chalcopyrite and pyrite noted in the logging.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5364/104808_whitemetaltable1_550.jpg

Table 1. Summary of RC drilling chip intercepts from the first 10 holes at Otjiwaru (Noronex, 2021).

To view an enhanced version of Table 1, please visit:
https://orders.newsfilecorp.com/files/5364/104808_whitemetaltable1.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5364/104808_4bb67d70f432b8d4_006.jpg

Figure 2. Location of RC drill hole collars for completed holes at Otjiwaru and Christiadore, overlain on copper-in-soil geochemistry and geological interpretation (Noronex, 2021).

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5364/104808_4bb67d70f432b8d4_006full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5364/104808_4bb67d70f432b8d4_007.jpg

Figure 3. Western drill fence at Otjiwaru showing northwest-southeast (looking northeast) cross-section of drilling completed and anomalous copper intersected in the RC drill holes (Noronex, 2021).

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/5364/104808_4bb67d70f432b8d4_007full.jpg

Current Drilling

First pass drilling is nearing completion at Gemboksvlei with 21 holes being completed for 4,200 metres. Highly ranked priority targets and follow up are being finalised for the remaining program and will be at:

  • a 2.5 by 1.2 km copper-in-soil anomaly in an altered structural zone south of Okasewa.
  • sub-cropping copper at Dalheim with a 2 km strike extent.

Okasewa South

Directly south of the Okasewa Inferred Mineral Resource of 4.36 Mt grading 1.15 % Cu (see ASX news release dated 8 March 2021), a large copper geochemical anomaly has been defined over an area of 2.5 by 1.2 kilometres (Figure 4). The anomaly lies on an altered EM conductor in a major mineralised cross structure and is highly prospective for a large scale sedimentary hosted copper deposit.

A trial IP survey was completed over the known mineralised resource and a chargeability anomaly defined at the eastern end of the deposit. Drilling will commence shortly to test the geochemical anomaly and geophysical targets with twenty-one holes planned for 4,000 metres.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5364/104808_4bb67d70f432b8d4_008.jpg

Figure 4. Xcite EM airborne survey ch1 z component image with overlying copper soil samples locations and resource drilling at Okasewa. Location of potential altered EM conductor with oxidising fluids altering reduced stratigraphy in the mineralised corridor (Noronex, 2021).

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/5364/104808_4bb67d70f432b8d4_008full.jpg

Diamond drilling is expected to follow up on these regional RC drill hole fences to define the style and character of the geology and mineralisation next year.

About Noronex Limited
Noronex is an ASX listed copper company with advanced projects in the Kalahari Copper Belt, Namibia and in Ontario, Canada that have seen over 170,000 m of historical drilling. Noronex plans to use modern technology and exploration techniques to generate new targets at the projects and grow the current resource base.

Qualified Person
Technical information in this news release has been reviewed and approved by Dr. Scott Jobin-Bevans P.Geo., Vice President Exploration and a Director of White Metal, who is a Qualified Person under the definitions established by the NI 43-101. Information and data in this news release has been largely extracted from Noronex news release dated November 16, 2021.

About White Metal Resources Corp.:
White Metal Resources Corp. is a junior exploration company exploring in Canada and southern Africa. The Company's two key properties are the Flagship Tower Mountain Gold Project in Thunder Bay, Ontario, Canada and the Okohongo Copper-Silver Project in Namibia, Africa. For more information about the Company please visit www.whitemetalres.com.

On behalf of the Board of Directors

"Michael Stares"
President & CEO

For further information contact:

Michael Stares
President & CEO
White Metal Resources Corp.
684 Squier Street
Thunder Bay, ON P7B 4A8
Phone: +1 (807) 358-2420

Nancy Massicotte
Investor Relations
White Metal Resources Corp.
Phone: +1 (604) 507-3377
TF: +1 (866) 503-3377
Email: ir@whitemetalres.com

Thomas Do
Investor Relations Manager
CHF Capital Markets
Phone: +1 (416) 868-1079 x 232
Email: thomas@chfir.com

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104808

News Provided by Newsfile via QuoteMedia

Another Exceptional Copper-Vanadium-Lead Intersection At Nosib

Another Exceptional Copper-Vanadium-Lead Intersection At Nosib

and step out hole extends copper-vanadium-lead mineralisation along strike to the NE

Golden Deeps Limited (“Golden Deeps” or “Company”) is very pleased to announce further, exceptional, copper-vanadium-lead-silver intersections from the second diamond drill hole at the Nosib Block (“Nosib”) Prospect, located in the Otavi Mountain Land of northern Namibia (see location Figure 3).
Keep reading... Show less
Copper Mineralisation Extends Across Earaheedy Project

Copper Mineralisation Extends Across Earaheedy Project

Peak Minerals Limited (ASX: PUA) (Peak Minerals or the Company) is pleased to announce results from its drill program at the Earaheedy Project completed in June 2021. The purpose of the drill program was to:

  1. Test previously identified, near surface, copper anomalism and
  2. Test the potential for basement mineralisation at the Cork Tree and Merah Prospects.
Keep reading... Show less
Benton Advised that Clean Air Metals Announces a PEA of the Current and Escape PGE-Cu-Ni Deposits of the Thunder Bay North Project, with Post-Tax NPV of C$378m, IRR 29.8%

Benton Advised that Clean Air Metals Announces a PEA of the Current and Escape PGE-Cu-Ni Deposits of the Thunder Bay North Project, with Post-Tax NPV of C$378m, IRR 29.8%

Benton Resources Inc. (TSXV: BEX) ("Benton") is pleased to announce it has been advised that Clean Air Metals Inc. ("Clean Air") has announced results from an independent Preliminary Economic Assessment (PEA) that was completed for its Thunder Bay North Platinum Group Element (PGE Copper (Cu Nickel (Ni) Project near Thunder Bay, Ontario, Canada. The PEA was prepared by Nordmin Engineering Ltd. ("Nordmin") of Thunder Bay, Ontario, and includes provision for a stand-alone milling complex and waste storage facility to process mill feed from both the Current deposit and the Escape deposit, part of the Thunder Bay North Project Mineral Resource Estimate.

PEA highlights include:

Keep reading... Show less
Libero Copper Finalizes Surface Access and Land Use Agreements for the Mocoa Porphyry Copper-Molybdenum Deposit in Putumayo, Colombia

Libero Copper Finalizes Surface Access and Land Use Agreements for the Mocoa Porphyry Copper-Molybdenum Deposit in Putumayo, Colombia

Libero Copper & Gold Corporation (TSXV:LBC) (OTCQB:LBCMF) (DE:29H) is pleased to announce it has signed an access and land use agreements with all landowners required to provide easier access to the Mocoa porphyry copper-molybdenum project deposit area. The five-year renewable agreement allows for free transit of workers and contractors, including equipment, and the construction of all necessary infrastructure to support the upcoming drill program.  The agreements allow for two separate accesses to the existing resource area and historical drilling platforms.

Keep reading... Show less
Magna Mining Announces Winter Exploration Program at the Shakespeare Project and Results of Recent Borehole Electromagnetic Survey

Magna Mining Announces Winter Exploration Program at the Shakespeare Project and Results of Recent Borehole Electromagnetic Survey

Program to Focus on Follow-Up Drilling at the P-4 Discovery and Near Surface Copper Mineralization at the Past Producing Spanish River Copper Mine

Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that following the completion of a $3.14 million flow through financing on Nov 3rd, the next phase of exploration at the Shakespeare Ni-Cu-PGM Project will commence in early January. The initial winter exploration program will consist of 4,500m of drilling, which will target the new P-4 nickel discovery and the past producing Spanish River Copper Mine. The P-4 Discovery and Spanish River Copper Mine are both located approximately 5 km from the Shakespeare Mine and could potentially represent satellite deposits to feed a future mill at Shakespeare. Magna has secured a diamond drilling contractor to commence drilling in early January 2022.

Keep reading... Show less

Northern Dynasty Comments on Environmental Protection Agency's Statement on Future Actions Regarding Alaska's Pebble Project

Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company") comments on the November 17, 2021 press release by the U.S. Environmental Protection Agency ("EPA") in which the EPA extended the deadline to either withdraw the 2014 Proposed Determination or to prepare a Recommended Determination regarding the Pebble Project in Southwest Alaska

"While it is not yet known what action, if any, the EPA will finally take, we are cautiously optimistic about their commitment to consider new information that has become available since the 2014 Proposed Determination and to make science-based decisions," said Ron Thiessen, President and CEO of Northern Dynasty. "We do not know which new information they may use in their decision, but we believe that the strong administrative record of the overwhelmingly positive Final Environmental Impact Statement of 2020 that was prepared by the U.S. Army Corps of Engineers should be an important part of it."

Keep reading... Show less

Top News

Related News