White Metal Completes Annual General and Special Meeting and Announces Jean-Pierre Colin as New Director to the Board
White Metal Completes Annual General and Special
Meeting and Announces Jean-Pierre Colin as New
Director to the Board
Thunder Bay, Ontario--(Newsfile Corp. - February 8, 2018) - White Metal Resources Corp. (TSXV:WHM) ("White Metal" or the
"Company") is pleased to announce that the Company has completed their annual meeting with all motions passed and also the
appointment of Jean-Pierre "JP" Colin to the Board of Directors.
Mr. Colin is a corporate strategy consultant to high-growth publicly-listed mining companies. He has been a recognized senior
securities industry executive and effective investment banking professional providing financing and mergers and acquisitions
services to numerous prosperous mining issuers in Canada. As a result of his extensive financial background throughout his
career, he has been called to lead teams of corporate finance professionals at national securities dealers, such as Richardson
Greenshields (now RBC Capital), JP Colin Securities, Deacon Capital (formerly acquired by Dundee Capital), Octagon Capital
and Desjardins Securities.
Mr. Colin is also a director of dynaCERT Inc., a company listed on the TSX Venture Exchange trading under the symbol DYA.
Mr. Colin has also served as a high-profile corporate board director and C-suite executive of numerous public mining
companies, often chairing audit committees, compensation committees and corporate governance committees, including with
Premier Gold Mines; Wolfden Resources (sold to Zinifex for over $350 million); Virginia Gold (whose Eleonore property was
sold to Goldcorp for over $ 1 billion); and, Pelangio Mines, the former controlling shareholder of Detour Gold, one of Eastern
Canada's largest gold mining operations.
Mr. Colin holds a DCS from McGill University where he studied Biology & Engineering, an MBA from the University of Western
Ontario, a Law Degree from the University of Ottawa a Certificate in Comparative Law from the University of Manitoba and also
practiced corporate law prior to his investment-banking profession.
Jean-Pierre Colin states, "I am very pleased to join White Metal as an independent director and commence working closely with
my fellow board members and White Metal management and employees, especially for the benefit of our numerous
shareholders and stakeholders. Mick Stares, our CEO, has accomplished many very enviable milestones for White Metal while
assembling a remarkable team of experts and he has my full commitment in moving our company to a very successful future."
Mick Stares, CEO of White Metal states, "We are privileged to welcome Jean-Pierre Colin to our Board. Mr. Colin brings deep
expertise and a proven track record in investment banking and corporate governance and he is well-known throughout the
mining community for his ethical business acumen. We are capitalizing on our mining claims in Newfoundland and Ontario, and
Mr. Colin brings to us the corporate governance expertise and required wisdom to further our properties to the possible next
stages of achievement and exploration success."
The Company would also like to announce it has issued 175,000 stock options exercisable at 0.10 cents per share and expiring
in 5 years to a director of the Company.
About White Metal Resources Corp
.
(TSXV: WHM):
White Metal's Flag ship Property is the
Gunners Cove Property (the
"Property"), located 20 km north of St. Anthony on the Northern Peninsula, Newfoundland. The Property is easily accessible by
means of local roads and trails, and consists of 682 claim units (59,402 ha or 594 sq-km). The Company is currently undertaking
an airborne time-domain electromagnetic-magnetic survey over the Property. To date, 133 surface grab samples have been
collected from the 10 mineralized zones at the Property. The distribution of the samples containing anomalous gold values
define an area roughly 5 km x 3 km. Approximately 50% of the grab samples collected in the Gunners Cove area assayed 100
ppb Au (0.1 g/t Au) or greater, with a maximum of 5.9 g/t Au (Mossberg Zone). Silver assay results are also elevated, ranging
from less than 1 ppm Ag to a maximum of 9.1 g/t Ag (Cooey Zone) [note: grab samples are selective by nature and are unlikely
to be representative of average grades]. Work to date at the Gunners Cove Property has highlighted a large area of anomalous
gold values and extended the discovery area substantially. Historically, this Property has seen very little exploration work and is a
recent prospecting discovery, adding to its importance.
Precious metal and base metal mineralization is associated with, and
appears to be largely hosted by, pyritic nodules and stringers accompanied by minor silicification and local brecciation, and
hosted by an extensive black shale unit.
White Metal Resources Corp is a junior exploration company exploring in Canada and currently has 39,855,240 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 Street
Thunder Bay, Ontario, Canada, P7B 4A8
Phone: (807) 628-7836 Fax (807) 475 7200