White Metal Expands Bench Zone, Extends Strike Potential to 2.1 km and Plans for Additional Drilling at the Tower Stock Gold Project, Ontario
White Metal Expands Bench Zone, Extends
Strike Potential to 2.1 km and Plans for
Additional Drilling at the Tower Stock Gold
Project, Ontario
Thunder Bay, Ontario--(Newsfile Corp. - May 11, 2021) -
White Metal Resources Corp. (TSXV: WHM)
("White Metal" or the "Company") has received the final gold assay results from the Phase 1 2021 winter
drilling program. Core assays from the 2021 drilling program clearly indicate the excellent potential for
the Tower Stock Gold Project (the" Project" or the "Property"), which in addition to historical core assays
show a broad horizon of low grade gold mineralization that spans for over 2.1 kilometres. The Company
also sees great potential for high grade gold shoots within the broad intercepts of lower grade gold
mineralization, such as those recorded in recently announced drill hole TM-21-94 from the newly
discovered Ellen Zone (
see
Company news release dated April 20, 2021). The Property covers
approximately 1,968 hectares and is located about 40 km west-northwest of the port city of Thunder Bay,
Ontario.
The 2021 winter drilling program has further substantiated the Property's potential and as a result the
Company is planning a follow-up drilling program to further test the large tonnage potential of the low
grade gold zones and to determine the extent of prospective higher grade gold zones. It is very important
to note that the alteration associated with lower grade gold mineralization is intense, pervasive and
shows good continuity, suggesting there is not only excellent potential to find higher grade zones at
surface but also at depth. Results from the recently completed Abitibi Geophysics' DasVision Induced
Polarization ("IP") survey also supports this interpretation. Further data and information on the Tower
Stock Gold Project can be found at
www.whitemetalres.com
.
Highlights from the 2021 Phase 1 drilling program and recently completed IP geophysical survey include:
Confirmation of low grade gold mineralization within an intense and pervasive alteration zone,
extending over 2 km along strike;
Discovery of the Ellen Zone, a new high grade gold zone, reporting 1.7 g/t Au over 82.50 m
including 3.0 g/t Au over 45 m (TM-21-94: 10.00 to 92.50 m), and open in all directions;
Excellent correlation between the Ellen Zone discovery and priority anomaly "TS-02" from the
DasVision IP survey;
DasVision IP survey outlined numerous new targets for follow-up prospecting, trenching and
drilling;
Drill hole TM-21-95 extended the historical Bench Zone to the south by a minimum of 75 metres;
Compilation of all historical data and completion of the DasVision IP survey provide excellent drill
targets within "gaps" between gold zones that are up to 500 m in strike; and,
The highly prospective H Zone requires re-mapping and additional drilling to test the new
interpretation that this zone dips to the southeast at 50-60 degrees.
Michael Stares, President and CEO of White Metal, commented, "I have never seen such an extensive
system of gold mineralization covering such a large area. Including the 800+ metre gold zone, we now
have approximately 2.1 km of aggregate strike length that will require substantial drilling. Additionally, it
should be noted that drill hole TM-07-58, which assayed 5.41 g/t Au over 6 m and is located about 450 m
south of drill hole TM-21-95, the most southerly hole of the 2021 drilling program, has not seen any recent
work. Therefore, exploration crews will be mobilized later this month to evaluate this area in more detail.
There is still a lot of work that needs to be done, including detailed prospecting and mapping, but most
importantly infill drilling to further explore for the higher grade sections within the principal gold zones. I
look forward to reporting our progress to our shareholders when news becomes available".
The Company is also pleased to announce that it has encountered significant widths of low grade gold
mineralization (>0.5 g/t Au) in drill hole TM-21-97. This was the last diamond drill hole of the program,
designed to test the down-dip and southwest extension of the Bench Zone, returning three broad and
separate intervals of gold mineralization (Table 1). These positive results clearly demonstrates that the
Bench Zone is open at depth and along strike to the northwest, southwest, and southeast.
Table 1. Summary of intercepts from drill hole TM-21-97.
Drill Hole
From (m)
To (m)
Interval (m)
Au (g/t)
Au (ppb)
TM-21-97
95.50
148.00
52.50
0.32
322
and
232.00
268.00
36.00
0.62
621
incl.
248.50
262.00
13.50
1.04
1040
and
289.00
311.50
22.50
0.50
504
incl.
308.50
311.50
3.00
1.15
1149
*core intervals are not true widths and represent the length of the drill core intercept
Drill hole TM-21-97 is located about 400 m southeast of drill hole TM-21-94, which collared in the newly
discovered Ellen Zone and returned a broad interval of 1.7 g/t Au over 82.5 metres (from 10.0 to 92.5 m),
including 3.0 g/t Au over 45 metres (from 10.00 to 55.00 m) and 59.90 g/t Au over 1.5 metres (from
16.00 to 17.50 m).
Drill hole TM-21-95, located 420 metres southeast of drill hole TM-21-97, exhibits similar alteration and
auriferous pyrite mineralization to that observed in TM-21-97 and is believed to be the southeast
extension of the Bench Zone. Drill hole TM-21-95 returned two separate gold intervals (Table 2).
Table 2. Summary of intercepts from drill hole TM-21-95.
Drill Hole
From (m)
To (m)
Interval (m)
Au (g/t)
Au (ppb)
TM-21-95
21.00
51.00
30.00
0.33
331
and
112.50
174.00
61.50
0.51
509
incl.
117.00
120.00
3.00
1.50
1495
*core intervals are not true widths and represent the length of the drill core intercept
The locations and results from holes TM-21-94 and TM-21-95, suggest a potential strike length and
exploration target of >800 m which has received very little exploration attention. The prospectivity of this
region is further supported by its spatial association with a strong chargeability anomaly outlined from
the recently completed IP survey (
see
Company news release dated February 17, 2021). The Company
is very pleased with the latest round of drill results and firmly believes that there is significant room to
expand and discover further resources within the Tower Stock Gold Project, which until now has not seen
any exploration activity for more than eight years.
Sample Analysis
Core samples were collected from half-split drill core and delivered to Activation Laboratories Ltd.
(Actlabs) in Thunder Bay, Ontario by the Company. Samples were first analysed with Fire Assay
Package 1A1 - Au Fire Assay - INAA - 30 gram sample and Multi Element Package ICP-MS Ultra trace
1. Subsequently, samples with Au greater than 5.0 g/t
(above Au detection limit), were analysed with Fire
Assay Package 1A3 - AA-Au (Au- Fire Assay Gravimetric) - 30 gram sample. A Quality Control/Quality
Assurance ("QA/QC") program consisting of the regular insertion of Certified Reference Material copper
standards and blanks into the sample stream by the Company was in place as was the industry standard
internal QA/QC practices used by Actlabs.
A Qualified Person ("QP") has not done sufficient enough work to verify the historical assay results and
technical information reported herein. All drill hole intersections represent drill core lengths (intervals) and
are not true widths.
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 National Instrument 43-101.
About White Metal Resources Corp (TSXV: WHM):
White Metal Resources Corp is a junior exploration company exploring
in Canada.
For more information in regards to White Metal Resources Corp. you can visit the company's Web Page
at
www.whitemetalres.com
.
On behalf of the Board of Directors of White Metal Resources Corp.
Michael Stares
President & CEO, Director
For further information contact:
Michael Stares
President & CEO, Director
684 Squier Street
Thunder Bay, Ontario, Canada, P7B 4A8
Phone: (807) 358-2420
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The information contained herein contains "forward-looking statements" within the meaning of
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Forward-looking statements are subject to a variety of risks and uncertainties which could cause
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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
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should underlying assumptions prove incorrect, actual results may vary materially from those
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projections.
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