White Metal Expands Ground Position and Applies for Drilling Permits on its 100% Owned Seagull Lake Platinum-Palladium Project, Ontario
White Metal Expands Ground Position and
Applies for Drilling Permits on its 100% Owned
Seagull Lake Platinum-Palladium Project, Ontario
Thunder Bay, Ontario--(Newsfile Corp. - January 28, 2020) - White Metal Resources Corp. (TSXV: WHM)
("White Metal" or the "Company") is pleased to announce that it has applied for drilling permits on its 100%
owned Seagull Lake Project (the "Property" or the "Project"), northwestern Ontario. The Property,
approximately a one hour drive north of the port city of Thunder Bay, is located about 50 km south of Impala
Canada's Lac des Iles Mine (previously North American Palladium) and is about 28 km north of the copper
(Cu), nickel (Ni), and platinum group element (PGE) discoveries of Rio Tinto and Panoramic Resources.
Recent staking, aimed at covering high priority targets including a potential feeder conduit, has increased
the Project size to 7,539 ha comprising 357 single cell mining claims.
Commented Michael Stares, President and CEO of White Metal, "With the recent price of palladium
touching on US$2,500 per ounce and prices for other platinum group elements performing so well, we are
very excited to be revisiting the Seagull Lake Project and look forward to initiating an exploration program in
the coming months. We are encouraged with the interpretations we are able to make from the historical
data we have compiled and continue to compile and have identified numerous opportunities which were not
explored in previous programs including surface exploration and diamond drilling targets."
The Seagull Lake Intrusion ("SLI") is described as being a 10 km diameter, circular intrusive composed of
ultramafic rocks with a high olivine content that has been derived from a deep mantle source. Layering and
multiple phases of intrusion have been recognized which creates a favourable setting for Noril'sk Type
sulphide accumulation. The SLI is located in the Nipigon Plate, which is interpreted to represent the failed
third arm of a Proterozoic-aged, mid-continent rift system, the bulk of which lies beneath Lake Superior to
the south. This rifting event is interpreted to be associated with significant Cu-Ni-PGE mineralization such
as the Duluth Gabbro Complex deposits (Dunka Road, Minnamax, Local Boy, etc.) in Minnesota, USA, the
Eagle Nickel Mine (Lundin Mining) in Michigan, USA, and the Great Lakes Nickel deposit in Ontario. The
Nipigon Plate area has been compared to the Noril'sk Region of Siberia, Russia, and is considered to be
highly prospective for the discovery of new Cu-Ni-PGE deposits. Known platinum group element-copper-
nickel zones in the intrusion support the interpretation that Proterozoic ultramafic intrusions in this area of
the Nipigon Plate have undergone magmatic processes that are capable of producing large PGE-Cu-Ni
sulphide deposits (see Company news release dated March 12, 2019).
Three styles of PGE mineralization have been identified in the SLI: (1) near surface, PGE-rich detrital "black
sands"; (2) magnetite associated, PGE-rich layers or "reef-type"; and, (3) sulphide associated, basal Cu-Ni-
PGE mineralization, interpreted as "Noril'sk-type". Although the detrital and reef-type mineralization was the
first style known in the SLI, the discovery of Noril'sk-type Cu-Ni-PGE sulphide mineralization became the
focus for subsequent exploration programs, which reported from diamond drilling 3.6 g/t Pt+Pd, 0.34% Cu
and 0.21% Ni over 2.1 metres and 1.04 g/t Pt+Pd, 0.14% Cu and 0.16% Ni over 16.0 metres (from
Pettigrew, 2002). The possibility for the discovery of other styles of sulphide mineralization remains,
including Contact-type deposits (e.g., Lac des Iles Mine and River Valley Deposit, Ontario) and structurally
hosted high-grade concentrations along regional fault systems. It is important to note that the SLI contains
anomalous concentrations of additional platinum group elements rhodium, iridium, osmium, and ruthenium.
The current spot price of rhodium is approximately US$9,000 per troy ounce.
Historical Diamond Drilling
The most recent diamond drilling and re-sampling of historical drill holes was completed by Platinum Group
Metals ("PTM") between 2001 and 2005. This work reported encouraging concentrations of PGE from drill
core intercepts with the highest concentrations of PGE reported in 2005 (see PTM news release dated
01/04/2005). PTM reported that their exploration drilling had demonstrated lateral continuity of the
mineralized zones within the SLI Seagull Intrusion and that they were typically characterized by near 1:1
platinum to palladium ratios, significant Cu and Ni grades and strongly elevated concentrations in the other
"rarer PGEs" (Rh, Ir, Os, Ru).
PTM reported on "total PGE" analyses from drill core which in addition to platinum and palladium included
the "rarer PGEs" rhodium, iridium, osmium, and ruthenium (Table 1). PTM noted that the concentrations of
the "rarer PGEs" were unusually high compared to their global database of PGE mines, deposits and
occurrences (see PTM news release dated 22/04/2005).
Table 1. Historical drill core assay results with total PGE (Platinum Group Metals Inc., 22/04/2005).
Drill Hole Horizon From
(m)
To (m) *Int
(m)
Au Pt Pd Ir Os Rh Ru 6PGE+Au
(ppb) (ppb) (ppb) (ppb) (ppb) (ppb) (ppb) (g/t)
WM05-20 Lower
Dunite
329.12 333.40 4.28 47 826 895 120 151 54 41 2.13
incl.
331.68 333.40 1.72 88 1526 1640 221 289 99 71 3.93
incl.
331.68 332.12 0.44 220 3690 3990 674 891 294 204 9.96
WM00-01 Lower
Dunite
577.30 581.54 4.24 60 669 781 79 114 37 27 1.77
incl.
578.16 580.00 1.84 78 852 993 125 188 54 40 2.33
WM00-05 Peridotite 734.45 736.00 1.55 134 1731 2069 39 54 30 10 4.07
incl.
735.43 736.00 0.57 251 3250 3920 58 83 50 13 7.63
WM00-06 Peridotite 390.23 391.29 1.06 2 505 623 18 22 13 15 1.20
WM00-01 Upper
Dunite
533.14 536.41 3.27 30 223 260 26 29 13 10 0.59
*it is not known if these drill hole intervals represent true widths and are therefore being treated as core
length intersections.
Drill hole WM05-20, which contains the shallowest intercept to date of the Lower Dunite Reef, between
329.12 and 333.40 metres vertical depth, returned 6PGE (Pt, Pd, Rh, Ir, Os, Ru) plus Au concentrations
("6PGE+Au") of 2.13 g/t over 4.28 m, including 3.93 g/t 6PGE+Au over 1.72 m, and 9.96 g/t 6PGE+Au over
0.44 metres. PTM also reported a high-grade intercept from the Peridotite Zone (drill hole WM00-05) that
returned 7.63 g/t 6PGE+Au, within a broader intercept of 1.55 metres grading 4.07 g/t 6PGE+Au.
Re-sampling of quartered drill core from the Lower Dunite Reef Zone (drill hole WM00-01) returned 1.84 m
of 2.30 g/t 6PGE+Au within a broader zone, between 577.3 and 581.54 m vertical depth, of 4.24 m grading
1.76 g/t 6PGE+Au. PTM's re-sampling also confirmed the presence of the Upper Dunite Reef Zone in hole
WM00-01 over a 3.27 m interval between 533.14 and 536.41 m, grading 0.57 g/t 6PGE+Au. Re-logging and
re-sampling of drill hole WM00-06, collared approximately 600 m east of hole WM00-05, also intersected
the Peridotite Zone and returned 1.20 g/t 6PGE+Au over 1.06 m between 390.23 and 391.29 metres. Hole
WM00-06 is 1,150 m (1.15 km) southwest of the previously reported high-grade Peridotite Zone intercept of
6.21 g/t 6PGE+Au over 0.65 metres in drill hole WM04-17. Both the Upper and Lower Dunite Reefs were
also identified in hole WM05-22 which returned lower concentrations of PGE.
PTM noted that historical PGE-Cu-Ni intercepts from the SLI compare favourably to the famous Merensky
Reef in South Africa's Bushveld Complex with known mineralized horizons at the SLI being considerably
shallower than those currently being mined and explored in South Africa.
In addition to its ongoing data and information compilation and interpretation, White Metals' proposed
exploration program will comprise surface induced polarization (IP) geophysical surveys to target contact-
type sulphide mineralization and targeted diamond drilling in areas of historical high-grade intercepts (i.e.,
those reported by PTM) and also the testing of Pulse-EM, off-hole geophysical anomalies which were never
properly tested. The Company is also planning other lower priority drill holes and will examine the possibility
of drill-testing a strong magnetic anomaly considered to be the feeder zone or conduit for SLI magmas and
potentially the source for its Cu-Ni-PGE sulphide mineralization.
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 and CEO, Director
For further information contact:
Michael Stares
684 Squier Street
Thunder Bay, Ontario, Canada, P7B 4A8
Phone: (807) 628-7836
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 release.
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