White Metal Reports 1.54% Cu and 36 g/t Ag over 31 Metres from the Taranis Copper-Silver Project, Namibia
White Metal Reports 1.54% Cu and 36 g/t Ag
over 31 Metres from the Taranis Copper-Silver
Project, Namibia
Thunder Bay, Ontario--(Newsfile Corp. - March 23, 2021) -
White Metal Resources Corp. (TSXV:
WHM)
("White Metal" or the "Company") is pleased to report that it has received the first batch of assay
results from 6 of 28 reverse circulation ("RC") drill holes (total 3,226 m) from its January-February 2021
drilling program and results from the re-sampling of core from four historical diamond drill holes, all
targeting the historical Okohongo Cu-Ag Deposit ("Okohongo") (Table 1). The 95% owned Taranis
Copper-Silver Project (the "Project" or "Property"), which includes the historical Okohongo Copper-
Silver Deposit, is located in northwestern Namibia and is defined by Exclusive Prospecting Licence
("EPL") 7071, covering about 19,850 hectares.
Michael Stares, Interim President & CEO of the Company, stated, "I am pleased to see these very
positive results from the re-sampling of historical drill core and initial results from the recently completed
RC drilling program which has confirmed high-grade copper and substantial silver grades from the
historical Okohongo Cu-Ag Deposit. With the recent rise in copper and silver prices, we see this Project
adding important value to the Company and making the Project even more attractive to a potential
partner interested in advancing it while the Company focuses on its flagship property, the Tower Stock
Gold Project, located in northwestern Ontario, Canada."
Table 1. Assays from re-sampled historical drill core and RC chip samples from recent drilling program.
Type/
Historical
Hole
Drill Hole
From (m)
To (m)
Int. (m)
Cu (%)
Ag (g/t)
Pb (ppm)
Zn (ppm)
Re-sampled
core/
INVD-017
INVD-017
208.00
216.00
8.00
0.61
46
55
93
incl.
214.00
216.00
2.00
1.24
118
79
124
Re-sampled
core/
INVD-018
INVD-018
188.00
192.00
4.00
0.19
10
558
127
incl.
190.00
192.00
2.00
0.30
19
891
116
Re-sampled
core/
TCD-013
TCD-013
101.00
130.00
29.00
0.63
13
205
89
incl.
104.00
105.00
1.00
1.14
57
598
79
incl.
110.00
111.00
1.00
1.14
21
51
133
incl.
116.00
118.00
2.00
1.57
12
97
124
incl.
123.00
124.00
1.00
1.91
13
157
99
Re-sampled
core/
TCD-016
TCD-016
33.00
64.00
31.00
1.54
36
173
97
incl.
35.90
50.00
14.10
2.45
58
118
99
incl.
39.00
40.00
1.00
5.10
123
106
71
New RC
Drilling/
INVR-004
OK20-P01
22.00
53.00
31.00
1.40
27.3
482
104
incl.
25.00
42.00
17.00
1.73
31
684
103
incl.
26.00
27.00
1.00
3.89
28.5
265
74
incl.
34.00
42.00
8.00
2.01
41.7
778
114
New RC
Drilling/
INVR-005
OK20-P02
71.00
110.00
39.00
1.14
12.9
46
83
incl.
73.00
79.00
6.00
3.12
23.2
111
76
incl.
73.00
74.00
1.00
4.71
12.8
199
76
New RC
Drilling/
INVR-020
OK20-P03
144.00
148.00
4.00
0.24
2.1
78
126
and
187.00
196.00
9.00
0.59
13.5
68
89
incl.
195.00
196.00
1.00
1.70
32.6
153
96
New RC
Drilling/
INVR-010
OK20-P14
NO SIGNIFICANT RESULTS
New RC
Drilling/
INVR-036
OK20-P18
25.00
29.00
4.00
1.96
1.4
1229
31
incl.
26.00
27.00
1.00
7.55
3.5
2080
22
and
126.00
135.00
9.00
0.50
7.9
788
82
incl.
130.00
132.00
2.00
1.23
13.1
2880
77
and
148.00
167.00
19.00
0.96
14.8
18
80
incl.
159.00
164.00
5.00
2.18
27.3
28
121
incl.
162.00
163.00
1.00
5.97
70.2
25
141
New RC
Drilling/
INVR-067
OK20-P22
130.00
136.00
6.00
0.11
1.7
18
91
and
157.00
168.00
11.00
0.30
9.5
48
72
incl.
166.00
167.00
1.00
0.94
32.8
29
92
Type/
Historical
Hole
Drill Hole
From (m)
To (m)
Int. (m)
Cu (%)
Ag (g/t)
Pb (ppm)
Zn (ppm)
The recently completed RC drilling (OK20-P series holes) on the Property was aimed at twinning many
of the RC drill holes that were used to calculate the 2011 historical mineral resource estimate (Table 2.)
as reflected in Table 1.
Once the Company receives all the results from the recently completed drilling program it will begin the
process of updating the historical mineral resources from the Okohongo Cu-Ag Deposit to a current
National Instrument 43-101 ("NI 43-101") mineral resource estimate and technical report.
The Taranis Copper-Silver Project, located in a very prospective area of northwestern Namibia. Although
the primary target is the historical Okohongo Copper-Silver Deposit, the Company will be conducting
reconnaissance work over the entire EPL, including follow up on a number of historical copper showings.
The historical Okohongo Cu-Ag Deposit has been outlined by historical drilling which shows that it
extends for 600+ metres in strike length, 400 metres down-dip, and is open in all directions (
see
INV
Metals news release dated August 3, 2011). The Okohongo, situated within the Kaoko Belt of northwest
Namibia about 700 km northwest of Windhoek, is hosted by metasedimentary stratigraphy and is
considered to be analogous with the stratiform sediment-hosted Central African Copperbelt deposits of
Zambia and the Democratic Republic of the Congo. This deposit contains historical Inferred Mineral
Resources of 10.2 million tonnes grading 1.12% Cu and 17.75 g/t Ag, using a 0.3% Cu cut-off (Table 2;
INV Metals Inc. NI 43-101 Technical Report, Effective Date March 31, 2011).
Table 2. Historical Mineral Resources for the Okohongo Copper-Silver Project, Namibia.
Cut-off
Specific
Gravity
Tonnes
Cu (%)
Ag (g/t)
Cu (tonnes)
Ag (ounces)
Category
0.0
2.45
11,691,539
1.01
15.85
117,645
5,957,874
Inferred
0.1
2.45
11,682,796
1.01
15.86
117,640
5,957,640
Inferred
0.2
2.45
11,453,414
1.02
16.13
117,219
5,940,047
Inferred
0.3
2.45
10,196,456
1.12
17.75
114,046
5,818,534
Inferred
0.4
2.45
9,535,538
1.17
18.66
111,731
5,719,226
Inferred
0.5
2.45
8,705,239
1.24
19.73
107,993
5,522,454
Inferred
0.6
2.45
8,142,684
1.29
20.50
104,877
5,366,572
Inferred
0.7
2.45
7,366,110
1.35
21.61
99,810
5,116,714
Inferred
0.8
2.45
6,379,793
1.45
23.16
92,402
4,750,190
Inferred
Source: NI 43-101 Technical Report on the Okohongo Copper-Silver Property in Northwest Namibia,
INV Metals Inc.; Prepared By: Caracle Creek International Consulting (Pty) Ltd., South Africa, Effective
March 31, 2011.
The Company is treating the tonnages and grades reported in Table 2 as historical mineral resources.
The Inferred Mineral Resource estimate reported in Table 2 for the Okohongo Copper-Silver Deposit
was prepared by qualified authors in 2011, conforming to CIM Definition Standards on Mineral
Resources and Mineral Reserves as outlined in National Instrument 43-101, Standards of Disclosure for
Mineral Projects. A Qualified Person has not done sufficient work to classify the historical estimates as
current mineral resources and the Company is not treating the historical estimates as current mineral
resources. Investors are cautioned that the historical estimates do not mean or imply that economic
deposits exist on the properties. The Company has not undertaken any independent investigation of the
historical estimates or other information contained in this news release nor has it independently analyzed
the results of the previous exploration work in order to verify the accuracy of the information. The
Company believes that these historical estimates and other information contained in this news release
are relevant to continuing exploration on the Property.
Sample Analysis
Drill core and RC chip samples were sent to the Activation Laboratories Ltd. ("Actlabs") preparation lab
in Windhoek, Namibia and once prepared were sent to Actlabs in Ancaster, Ontario, Canada for
analyses. The samples were first analysed with 4-Acid "Near Total" Digestion (1F2) with ICP-OES finish
for Ag, Cu and a suite of 33 other elements. Subsequently, samples with Ag greater than 100 ppm
(above Ag upper detection limit) were analysed with Fire Assay Gravimetric (8-Ag) and Cu greater than
10,000 ppm (above Cu upper detection limit) were analysed with sodium peroxide fusion with ICP-OES
finish (8-Peroxide ICP). 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.
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 the NI 43-101.
About White Metal Resources Corp (TSXV: WHM):
White Metal Resources Corp is a junior exploration company exploring in Canada and southern Africa.
For more information about the Company please visit
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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RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS 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
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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
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
projections
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