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White Metal Resources Corp. (TSXV: WHM) (FRA: CGK1) (OTCMKTS: TNMLF) ("White Metal" or the "Company") is pleased to provide an update from its Australian joint venture partner Noronex Limited (ASX: NRX) ("Noronex"). Noronex has informed White Metal that it has commenced a 10,000 metre drilling program at the DorWit Copper-Silver Project (the "Property" or "Project") in Namibia ( see Noronex news release dated 17 August 2021 ). The Namibian Project comprises three Exclusive Prospecting Licences (EPLs) that cover 78,000 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 project that comprises EPL 7028 and 7029 (Figure 1).
Highlights of the Drilling Program:
- Drilling has commenced in Namibia at Witvlei Project at the Otjiwaru Prospect (Figure 2).
- Program of drilling will test five high-priority targets with 10,000 m of Reverse Circulation (RC) holes planned.
- Geophysical crew has completed the Dipole-Dipole IP survey at Gemboksvlei and is currently underway at Okasewa.
- Known mineralization is confirmed to have a strong chargeability IP anomaly and a number of new chargeable zones are defined associated with anomalous copper geochemistry.
- Drilling is expected to continue for three-to-four months across the five high-priority targets that have been identified:
- sub-cropping copper at Dalheim with two-kilometre strike extent.
- chargeability IP anomalies at Gemboksvlei on a one-kilometre-long copper soil zone.
- outcropping copper at Otjiwaru over an 800-m-wide zone.
- a 2.5 km by 1.2 km copper-in-soil anomaly in an altered structural zone south of Okasewa.
- unexplained copper soil anomalies at Christiadore Prospect.
Michael Stares, President & CEO of White Metal, stated, "This is great news that Noronex has started their drill program and it indicates that they are truly committed to advancing the DorWit Property. I look forward to receiving updates and reporting the results of the drilling to our shareholders. I should add that the Company has been successful in securing three JV Partners including Noronex to advance other projects that the Company owns. This includes the Startrek Property, optioned by Leocor Gold, that is located in the province of Newfoundland and Labrador, Canada, near New Found Gold's Queensway Property. Leocor Gold is currently starting work on the Startrek Property. The other JV is with Benton Resources who is advancing the Far Lake Copper-Silver Property, located about 90 minutes west of Thunder Bay."
Figure 1. Map showing Witvlei project areas in the Kalahari Copper Belt (White Metal / Noronex JV).
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Drilling
The drill rig and crew are on site and have commenced drilling at the Otjiwaru Prospect. Contractor, FerroDrill, Namibia will complete the initial planned 10,000 metres of RC drilling (Figures 2 and 3).
Figure 2. FerroDrill on site drilling at Otjiwaru, targeting sub-cropping malachite mineralization.
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The rig is completing a fence of seven 200-m-deep holes that will cover a 700 m width across the broad 2.5-km-long soil anomaly (Figure 3). The zone targeted has sub-cropping malachite mineralization hosted in fine sediments along strike from a regional EM conductor in a zone of complex structures.
Figure 3. Planned RC drill holes plotted on soil geochemistry anomalies at the Otjiwaru Prospect with regional structural interpretations.
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Highly-ranked priority targets are being finalised for the program and will be tested in an order dependent upon access condition and geophysical survey results.
Diamond drilling is expected to follow-up on these regional RC hole fences to define the style and character of the geology and mineralization.
IP Survey
The geophysical crew has completed collecting high-quality IP data at the Gemboksvlei project and are currently collecting three lines across the Okasewa Prospect (Figure 4).
The survey has commenced with 3 km lines running NNW at 800 m spacing with 100-m-spaced Dipole-Dipole lines. The lines cover known mineralization at the Okasewa resource to determine its IP response. Lines are designed to cover the known mineralization and untested soil geochemical anomalies along strike from EM conductors identified with the airborne EM survey (Figure 4).
Figure 4. Mineral mapping from remote sensing data highlighting chlorite-carbonate alteration (green zones) between Christiadore, Otjiwaru and Okasewa. Soil sample points coloured by copper. Planned drill traverses and IP lines.
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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 NI 43-101.
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 Stock 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.
