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Michael Stares, President and CEO of White Metal, commented, "I am very pleased to start this second round of drilling and equally as excited to be drilling the newly discovered Ellen Zone. Also we have numerous other great targets that have been selected to drill test from recently completed DASVISION IP Survey and the 3D magnetic interpolation. The drilling program will also be focused on untested areas of the Bench Zone which have separations in drilling of up to 75 to 100 metres and as a result a considerable amount of detailed drilling is required. Another key aspect of the drilling program will be to test the possibility that the U-V Zone, Ellen Zone and the Bench Zone all connect to the south D Zone, which will give the gold zone a and aggregate 1.5 km strike length. The H Zone will also be drill tested to see if the gold mineralization does indeed dip 60 degrees to the southwest as suspected from the results of last winter's drilling program. I look forward to getting the core to the lab and reporting the assay results to our shareholders."
The newly discovered Ellen Zone, located about 340 metres south of the U-V Zone and about 300 metres north of the Bench Zone, is an area that has seen no historical drilling and is open in all directions. The drilling campaign will be focused on several key areas including:
- To further test and extend the newly discovered Ellen Zone, as reported from drill hole TM-21-94, which returned 1.7 g/t Au over 82.5 metres, including 3 g/t Au over 45 metres, and including 1.5 metres of 58 g/t Au and 198 g/t Ag;
- Tracing the Ellen Zone to the northwest and to the southeast;
- Extending the Bench Zone both northwest and southeast;
- Step out holes to follow up on drill hole TM-21-97, which intersected anomalous gold mineralization over nearly its entire 347.71 m length (47% of 229 samples >100 ppb Au, to a maximum of 2.16 g/t Au) and supported the interpretation that the Bench Zone dips 50 to 60 degrees southwest;
- Confirming the Company's interpretation that the Bench Zone is open in all directions;
- Testing the extension of the D Zone, TM-21-95 which returned 0.63 g/t Au over 63.5 metres. This wide intercept of elevated gold mineralization is located 300 metres southeast of TM-21-95 and is thought to be connected to the Bench Zone to the north;
- Testing up to three IP targets; 1) associated with and proximal to 04-36 Zone which is untested, 2) an extensive anomaly occurring between the U-V and Bench zones and is mostly untested, and 3) an anomaly located in the south extent of the overall target area (E Zone) with one historical hole TM-07-57 that drilled along the west edge of the anomaly and returned 0.37 g/t Au over 79.5 metres; and
- Testing across a resistivity high which underlies the majority of the Ellen Zone.
To view a detailed description of the planned drilling areas, please visit:
https://www.whitemetalres.com/tower-stock-au.html
All drill hole intersections presented herein represent drill core lengths (intervals) and are not considered true widths.
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.
*To view the release, please visit:
https://abnnewswire.net/lnk/8RZYX415
About White Metal Resources Corp:
White Metal Resources Corp. (CVE:WHM) (FRA:CGK1) (OTCMKTS:TMNLF) 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.
Source:
White Metal Resources Corp
Contact:
Michael Stares
President and CEO
White Metal Resources Corp.
Phone: +1 (807) 358-2420
Nancy Massicotte
Investor Relations
IR Pro Communications Inc.
Phone: +1 (604) 507-3377
TF: +1 (866) 503-3377
nancy@irprocommunications.com
Figure 1. Locality map illustrating the position of Cobre’s project areas. Green licenses are relevant tothe Proposed Transaction, dark grey licenses will be run independently by Cobre.
Figure 1: Location of the Whim Creek Project and Evelyn Deposit