White Metal Reports "A Zone" Drilling Returns 21.0 Metres Grading 4.05 g/t Au, Tower Mountain Gold Project, Ontario
White Metal Reports "A Zone" Drilling Returns
21.0 Metres Grading 4.05 g/t Au, Tower
Mountain Gold Project, Ontario
Thunder Bay, Ontario--(Newsfile Corp. - January 11, 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 core assay results from the first three diamond drill holes from its Phase 3 drilling
program at its flagship Tower Mountain Gold Project (the "Project" or "Property"). These first three holes
were designed to test the strike extent of the A Zone with all three holes intersecting broad intervals of
gold mineralization.
TM-21-117
: 30.0 m grading 1.30 g/t Au (from 5.0 m).
TM-21-118
: 49.5 m grading 1.01 g/t Au (from 8.0 m), including 24.0 m grading 1.8 g/t Au.
TM-21-119
: 21.5 m grading 4.05 g/t/Au (from 6.5 m).
Michael Stares, President and CEO of White Metal, commented, "We would like to wish all our
shareholders a happy and prosperous 2022 and look forward to this year's very exciting exploration
program. We are delighted to report the first assay results from the A Zone drilling that continue to deliver
excellent intercepts of gold mineralization, demonstrating that this zone is open for expansion.
Encouraged by the success of the Company's Phase 1 and Phase 2 drilling programs, these early
results from Phase 3 drilling indicate that
the Tower Mountain Gold Project continues to grow while
showing potential to host near-surface low-grade bulk tonnage and high-grade gold mineralization. As
we await further assay results from the Bench Zone, D Zone and 110 Zone, the current Phase 3 drilling
program is targeting the Ellen Zone and the Star Zone, among others."
The Tower Mountain Gold Project represents an area of exceptional and widespread gold endowment
hosted predominantly within a broad package of metavolcanic rocks intruded by a Neo-Archean, high-
level, multi-phase, sub-alkali intrusion. This widespread gold is characterized by the 21 gold zones that
together define some 5.6 km of strike, with interpreted widths exceeding 300 metres. This press release
focuses on the A Zone with future core assay results to be reported from several of the other zones.
Figure 1: Tower Mountain Gold Project showing the main gold zones, the location of the field core
facility, and the Property boundary.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5364/109637_ef3e52fd64d10871_003full.jpg
A Zone: Summary of Results to Date
Previously reported drill hole
TM-21-108
returned 23.8 m grading 3.94 g/t Au (from 3.7 m), including 7.5
m grading 8.77 g/t Au (from 8.0 m) (
see news release dated October 21, 2021
). Drill holes TM-21-117,
TM-21-118 and TM-21-119 (Table 1) were drilled to the west of TM-21-108, a distance of 60 m, 40 m
and 22 m, respectively.
Table 1: Summary of Phase 3 Drill Core Assay Results in the A Zone.
Drill Hole
From (m)
To (m)
Interval (m)
Au (g/t)
Au (ppb)
Zone
TM-21-117
5.00
35.00
30.00
1.31
1311
A Zone
incl.
5.00
11.00
6.00
2.68
2678
TM-21-118
5.00
54.50
49.50
1.01
1014
incl.
5.00
32.00
24.00
1.80
1796
TM-21-119
6.50
27.50
21.00
4.05
4050
Note: drill hole intervals are not true widths and are being reported as core lengths
Drilling to date has been successful in extending the A Zone a total of 60 m to the west and as a result of
the encouraging assays received,
the Company will now drill an additional four holes to test the down-dip
extent of the A Zone
and test an additional 50 m along strike.
Although the A Zone was previously worked by Inco Limited and Noranda Exploration Inc., the Company
believes that a true understanding of the control of gold mineralization was not fully understood.
Recent exploration by White Metal, such as the 2021 trenching, returned 20.74 m grading 2.81 g/t Au
(
see news release dated November 18, 2021
). This surface trenching, along with recent drilling as
described above, demonstrates the importance of the A Zone.
Phase 3 Drilling Program: Holes Completed To Date
Bench Zone:
Previous drilling in this zone, including Phase 2 drill holes TM-21-105, 106, and 107 were designed to
test the strike and down-dip extent. Drill hole TM-21-105 was drilled in the northwest area of the Bench
Zone and graded 0.75 g/t Au over 22.5 m, including 10.5 m grading 1.01 g/t Au (from 188.0 m). Hole
TM-21-106 was drilled 50 m to the southeast of TM-21-105 and graded 0.5 g/t Au over 150.0 m,
including 1.01 g/t Au over 58.5 m, including 15.0 m grading 1.74 g/t Au (from 88.0 m). Drill hole TM-21-
107, which was drilled 152.0 m southeast of TM-21-105, intersected 0.84 g/t Au over 49.5 m, including
21.0 m grading 1.29 g/t Au (from 143.5 m).
The Phase 3 drilling program at the Bench Zone is focused on extending gold mineralization to the west
and testing the down-dip extension. Drill hole TM-21-120 was drilled 30 m to the west-southwest of TM-
21-106 and ended at 287 m (results pending). Hole TM-21-121 was drilled 30 m to the west-southwest
of TM-21-107 and ended at 293 m (results pending). All Phase 3 drill holes encountered alteration and
sulphide mineralization similar to that observed in previous drill holes.
D Zone:
Phase 3 drilling also tested the D Zone, where previously reported hole TM-21-95 intersected two
separate zones of gold mineralization, with 30.0 m grading 0.33 g/t Au (from 21.0 m) and 61.5 m grading
0.51 g/t Au (from 112.5 m).
Phase 3 drill hole TM-21-123, collared 240 m to the west of TM-21-95 and designed to test the down-dip
extension of the D Zone, ended at 308 m (results pending). Hole TM-21-122, collared 100 m south of
TM-21-123 and designed to test the down-dip extension of the D Zone, ended at 314 m (results
pending). The two Phase 3 drill holes encountered various phases of alteration and sulphide
mineralization similar to that observed in previous drill holes.
110 Zone:
The 110 Zone, a recent new discovery made as a result of drill-testing a high-priority DasVision 3D-IP
chargeability anomaly, is located approximately 250 m
southeast of the southern extent of the Bench
Zone
(see news release dated September 23, 2021)
. It should be noted that the entire 143 m length of
TM-21-110 returned anomalous gold averaging 0.44 g/t Au, with the main part of the zone returning 52.0
m grading 0.75 g/t Au (from 2.5 m), including 7.5 m grading 1.02 g/t Au (from 47.0 m).
Phase 3 drill hole TM-21-125 was drilled 50 m to the west of TM-21-110 and was designed to test the
down-dip extension of the TM-21-110 drill hole and to test the volcanic contact at the margins of the
intrusive monzonite body. TM-21-125 ended at 152 m (results pending) and encountered various stages
of altered and mineralized volcanic rocks with disseminated chalcopyrite and carbonate veins before
entering the monzonite body which also showed altered carbonated fractures with veins and pyrite and
chalcopyrite mineralization. Hole TM-21-124 was drilled 50 m to the northwest and also encountered the
same style of alteration and sulphide mineralization as seen in TM-21-125, ending at 163 m (results
pending). Hole TM-22-126 is planned to be drilled a further 50 m to the southeast of TM-21-110 and will
completed in the next week.
Core from five drill holes, TM-21-120, 121, 123, 124, and 125 (all in the 110 Zone), has been submitted
to Activation Laboratories in Thunder Bay and the Company is awaiting results. For Phase 3 planned
drill holes (
see news release dated November 9, 2021
)
. A map showing drill holes completed to date
can be found by
clicking here
.
About the Tower Mountain Gold Project
The Tower Mountain Gold Project is located 50 km west of Thunder Bay Ontario and consists of
unpatented and patented lands totalling 19.68 square kilometres. The Project has excellent infrastructure
with access to the regional power grid and the Trans-Canada Highway, which is less than 4 km away
from the centre of the Property and can be easily accessed year-round. Mineralization on the Property is
described as intrusive-associated and hosted disseminated gold
with broad similarities
to gold
deposits located within the Abitibi Greenstone Belt of northeastern Ontario such as the Kirkland Lake
and Malartic gold camps and the Young-Davidson Mine, which is currently one of Canada's largest
underground gold mines, forecast to produce between 190,000 to 205,000 ounces of gold for 2021 (as
reported by Alamos Gold). The similarity of the Tower Mountain Gold Project and its related intrusive
complex to other intrusive related gold deposits is significant in that these intrusions are deemed to be
the source of the gold-bearing hydrothermal fluids. This in turn yields great potential for a significant
economic deposit. The widespread nature and intensity of host rock alteration and gold mineralization
observed on the Property is attributed to the intrusive complex at Tower Mountain and attests to the
exciting potential of the Project.
Mineralization hosted by established operations and other exploration projects is not necessarily
indicative of mineralization hosted on the Company's Tower Mountain Gold Project.
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
.
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
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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