White Metal Commences Trenching Program at Shebandowan
White Metal Commences Trenching Program at
Shebandowan
Thunder Bay, Ontario--(Newsfile Corp. - June 27, 2017) -
White Metal Resources Corp. (TSXV: WHM)
("White Metal" or the
"Company") is pleased to announce that it will commence a trenching program on its 100%-owned Shebandowan Property. The
trenching program is designed to test three high priority gold in soil geochemical targets. The first area is the newly discovered
TMR zone which is described as a granodiorite with extensive silicification and quartz carbonate alteration with up to 5% pyrite
and traces of chalcopyrite. The zone appears to have an east-west strike and is covered by sand and till to the west and variable
amounts of overburden to the east. Soil geochemical values in the area range from <5ppb up to 78ppb gold. Rock samples
taken from outcrops in the area range from <5ppb to 620ppb gold. The second area is named the Iris Lake trend with soil
geochemical values ranging from < 5ppb up to 175ppb gold. The area is described as being under thin overburden cover where
trenching would be an effective tool in examining the bedrock as a possible source for the anomalous gold values in the soil
samples. The third area is named the Vanguard West trend and has yielded soil geochemical results from <5ppb up to 152ppb
gold. This area is also described as being covered by variable amounts of overburden which the company hopes will allow for
trenching and be effective in explaining the source of the gold in the anomalous soil geochemical samples.
The company would also like to report that it has entered into an agreement to purchase a 100% ownership of a 5 unit claim
adjacent to the West Vanguard claim group.
The claim was optioned due to its proximity to the Vanguard deposits and its
potential to host the western extension of the Vanguard horizon.
The agreement with a local Thunder Bay prospector (the "Vendor") is structured such that White Metal can purchase 100%
ownership of the property by making a one-time cash payment of $15,000 and issuing 100,000 shares of the Company to the
Vendor. The Vendor will retain a 2% NSR of which 1% can be bought for $1million. White Metal also retains the first right of
refusal on the remaining 1%.
This transaction is subject to regulatory approval.
For complete up-to-date information on the Shebandowan Property please visit
www.whitemetalres.com/
.
Paul E. Nielsen, PGeo, is the qualified person responsible for this release and has prepared, supervised and approved the
preparation of the scientific and technical disclosure contained within the release.
About White Metal Resources Corp (TSXV: WHM):
White Metal Resources Corp is a junior exploration company exploring in Canada and currently has 35,591,073 common shares
issued and outstanding.
On behalf of the Board of Directors of White Metal Resources Corp.
"Michael Stares"
Michael Stares, President and CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS NEWS 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 projection
For further information contact:
Michael Stares
684 Squier St.
Thunder Bay, ON P7B 4A8
Phone:
(807) 628-7836
Fax:
(807) 475-7200