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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") on their current exploration program at the DorWit Copper-Silver Project (the "Property" or "Project") in Namibia ( see Noronex ASX news release dated 8 July 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 mineralisation within the prolific Kalahari Copper Belt that spans Namibia and Botswana.
Michael Stares, President & CEO of White Metal, stated, "This is great news for our shareholders and I am very pleased to have Noronex as a partner. They continue to demonstrate that they are very committed to moving the DorWit copper-silver project forward and have outlined some exceptional copper targets for drilling. I look forward to receiving the results from the upcoming drilling program."
Highlights
- Field visits by the Noronex team were undertaken in May and June to finalise drill planning. The visits confirmed sub-cropping copper mineralisation at geochemistry soil targets.
- Five high priority prospects defined for drill testing for large scale sediment hosted copper deposit including:
- sub-cropping copper at Dalheim with two-kilometre strike extent.
- gossan float at Gemboksvlei on a one-kilometre-long copper soil anomaly.
- outcropping copper at Otjiwaru over an 800 m wide zone.
- a 2.5 by 1.2 km copper-in-soil anomaly in an altered structural zone south of Okasewa.
- unexplained copper soil anomalies at the Christiadore prospect.
- Access agreements have been signed with landowners for the commencement of drilling, and a contract with a suitable drilling contractor is currently being finalised.
- A program of over fifty holes is being planned to test these targets.
- Trial IP survey is also planned at Gemboksvlei and Okasewa to define their IP signature.
- Meetings were held in-country with the Ministry of Mines, consultants appointed, and a subsidiary company and bank accounts established.
For additional information on the DorWit copper-silver project, please click the following link: https://www.whitemetalres.com/dorwit-cu-ag.html
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.
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
ir@whitemetalres.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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7ed28e25-3be1-42ef-93a3-0c9055821906
