White Metal Drilling Expands Bench Zone, Returning 105 Metres of 0.91 g/t Au from the Tower Mountain Gold Project, Ontario
White Metal Drilling Expands Bench Zone,
Returning 105 Metres of 0.91 g/t Au from the
Tower Mountain Gold Project, Ontario
Thunder Bay, Ontario--(Newsfile Corp. - January 18, 2022) - White Metal Resources Corp. (TSXV:
WHM) (FSE: CGK1) (OTC Pink: TNMLF) ("White Metal" or the "Company") is pleased to announce that
it has received additional drill results from its ongoing Phase 3 drilling program at its flagship Tower
Mountain Gold Project (the "Project" or "Property"). The two drill holes TM-21-120 and TM-21-121 were
designed to test the down dip and expansion of the
Bench Zone
and the Company is very pleased to
report that both holes were successful in expanding the Bench Zone. The Phase 3 drilling program was
designed to further test the encouraging results received from the Company's Phase 1 and 2 drilling
programs previously reported that have been testing multiple gold zones (Figure 1).
Table 1: Summary of recent core assay results from two holes, current Phase 3 drilling program, Bench
Zone.
Drill Hole
From (m)
To (m)
Interval (m)*
Au (g/t)
TM-21-120
182.00
287.00
105.00
0.91
incl.
216.50
237.50
21.00
2.34
TM-21-121
143.0
210.5
67.5
0.78
incl.
143.0
162.5
19.5
1.08
incl.
182.0
209.0
27.0
1.09
and
257.0
293.0
36.0
0.69
*drill hole intervals are not true widths and are being reported as core lengths.
Michael Stares, President and CEO of White Metal, stated
: "These widespread gold intercepts
continue to demonstrate Tower Mountain's economic potential and we are encouraged that the Bench
Zone has promise to host an open-pit mineral resource. This is further substantiated by the combined
Bench Zone,110 Zone and D Zone results which are interpreted to represent a broad, single alteration-
mineralization system. We will continue to drill the prospective areas within these zones to further our
understanding of this impressive gold system. The total strike distance between the northwest portion of
the Bench Zone to the southern area of the 110 Zone is approximately 800 metres although additional
drilling is required to fully test if there is continuity between the zones."
TM-21-120 was drilled 30 m to the west-southwest of TM-21-106 (
see Company news release dated
September 23, 2021
) while TM-21-121 was drilled 103 m to the southeast of TM-21-120. Both holes
were drilled as follow-up from the Phase 2 drilling program and the encouraging results obtained from
holes TM-21-105, 106, and 107 that were also designed to test the down-dip extension of the Bench
Zone (
see
Table 1 results from the Bench Zone).
The ongoing Phase 3 drilling program has been very successful expanding the Bench Zone to the west
and demonstrating the continuity of the down-dip extension. It should also be noted that both diamond
drill holes ended in gold mineralization, with TM-21-120 returning 0.67 g/t Au from 285.5-287.0 m (End of
Hole) and TM-21-121 returning 0.48 g/t Au from 291.5-293.0 m (End of Hole).
Click below to view sections.
Section TM-21-120
Section TM-21-121
Figure 1: Plan map of the Tower Mountain Gold Property showing some of the main gold
zones.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5364/110568_73561990c49c9b1e_003full.jpg
.
This news release focuses on the Bench Zone portion of the ongoing drilling program, with future core
assay results to be reported from several of the other zones as they are received, compiled, and
interpreted by the Company. Readers are also encouraged to refer to the Company's
news release
dated January 11, 2022
for more specific details surrounding the Tower Mountain Phase 3 drilling
program.
About the Tower Mountain Gold Property
The Tower Mountain Gold Property is located 50 km west of Thunder Bay, Ontario and consists of
unpatented and patented lands totalling 1,968 ha (19.68 square kilometres). The Property has excellent
infrastructure and can be worked year-round with well-maintained roads and a power grid within <5
kilometres. Gold mineralization on the Property is described as intrusive-associated disseminated gold
and may have similarities to gold mines hosted in the Abitibi Greenstone Belt of northeastern Ontario,
such as in the Kirkland Lake and Malartic gold camps. One example, the Young-Davidson Mine, is
currently one of Canada's largest underground gold mines and in 2020 produced 136,200 ounces of
gold (Alamos Gold news release February 24, 2021).
Mineralization hosted by established operations and other exploration projects is not necessarily
indicative of mineralization hosted on the Company's Property.
To view drill hole sections and additional project information and maps please visit the White Metal
website and slide show at
https://www.whitemetalres.com/tower-mountain-au.html
. For a detailed
overview of the Tower Mountain Gold Project
click here
.
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 Mountain Gold Project in Thunder Bay,
Ontario, Canada and the Okohongo Copper-Silver Project in Namibia, Africa. For more information
about the Company please visit
https://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
Thomas Do, Investor Relations Manager
CHF Capital Markets
Phone: +1 (416) 868-1079 x 232
Email:
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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
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uncertainties related to the Company's prospects, properties and business detailed elsewhere in the
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