White Metal Samples 16.2 g/t Gold and Provides Update on Exploration Program, Tower Stock Gold Project, Ontario
White Metal Samples 16.2 g/t Gold and
Provides Update on Exploration Program,
Tower Stock Gold Project, Ontario
Thunder Bay, Ontario--(Newsfile Corp. - December 10, 2020) -
White Metal Resources Corp. (TSXV:
WHM)
("White Metal" or the "Company") is pleased to report that it has received assay results from 299
rock samples that were collected by the Company from the Tower Stock Gold Property (the "Property" or
"Project"). The Project, located about 40 km west-northwest of the port city of Thunder Bay, Ontario,
consists of 52 mining claims (73 units) and three (3) freehold land grants or patented mining claims
covering about 1442 ha.
Assays from the 299 samples range from below the lower limit of detection (<5 ppb Au) to 16.2 g/t Au.
The 299 samples averaged 505 ppb Au and only five of the samples were below the lower limit of
detection ("LLD"). A summary of the rock sample assay results is provided in Table 1 with seven of the
zones/mineralized areas described below.
Table 1. Rock sample (grabs) assay results by Zone/Location, Tower Stock Gold Project.
Zone/Location
No. Samples
Range Au (ppb)
A Zone
65
<5 to 16200
H Zone
18
13 to 3390
Creek Zone
12
26 to 1330
T Zone (Trench 02-07)
15
34 to 2190
D Zone (SE of Bench Zone)
8
157 to 2420
04-36 Zone
22
16 to 1760
K Zone - trench
21
63 to 1260
K Zone
6
200 to 3490
150 m to 450 m east of S Zone
17
6 to 1070
200m off Property NW Corner
4
<5 to 9
35 m east of G Zone
2
169 to 235
50 m west of D Zone
1
13
75 m north of G Zone
1
12
between A & C zones
5
32 to 430
between H & G zones
2
7 to 8
between J & L- M zones
13
10 to 206
between N & H zones
2
17 to 38
between S & C zones
6
7 to 4020
between UV & Bench zones
32
<5 to 2980
C Zone
3
38 to 274
east of H Zone
3
19 to 99
G Zone
3
13 to 108
J Zone
3
113 to 611
L Zone
18
22 to 222
M Zone
6
8 to 129
south of D Zone
1
36
west of J Zone
10
9 to 337
Zone/Location
No. Samples
Range Au (ppb)
Michael Stares, President and CEO of White Metal, commented, "We are very pleased with the grab
sample assay results received to date. In addition to discovering new areas of elevated gold
mineralization, this sampling program corroborates the presence of elevated gold concentrations on the
Property and at many of the historical locations. I look forward to finishing the data compilation and
moving the drill rig onto the Property early in the new year. Given the number of gold showings and
different styles of gold and base metal mineralization on the Property, I am very excited about the
Property potential to host an economic gold deposit or deposits."
The grab samples were collected as part of a prospecting program following up on seven historical gold-
bearing areas reported from past property explorers Valgold Resources Ltd., Inco and Noranda
Exploration, and from new areas of mineralization. A map showing the locations of the mineralized zones
on the Property and sample sites is available on the Company website at
https://www.whitemetalres.com/
.
The reader is cautioned that grab samples are spot samples which are typically, but not exclusively,
constrained to mineralization. Grab samples are selective by nature and are collected to determine the
presence or absence of mineralization and are not intended to be representative of the material
sampled. As such, grab samples are not necessarily representative of mineralization across the
Property.
A Zone
The A zone, which was trenched and drilled by Noranda and Inco, is located approximately 300 metres
west of the Bench Zone. The Company resampled the old trench workings with a series of grab samples
along the main A zone horizon. Grab samples over 40 metres returned assays ranging from LLD (<5
ppb Au) to 16.2 g/t Au. Historical work by Avalon Ventures (1997) interpreted the A Zone as hosted by
Timiskaming volcanic rocks which have been intruded by syenitic dykes along the western margin of the
Tower Stock. Gold mineralization, with high-grade gold drill hole intercepts (
e.g.
, 30.5 g/t Au over 1.0 m),
are associated with finely disseminated pyrite occurring within an altered fracture zone containing silica,
carbonate, albite, and sericite. Visible gold was noted in very late carbonate (ankerite) stringers.
The A Zone has been traced over a 200 metre strike length and drill-tested to a depth of 83 metres,
striking east-southeast and dipping vertically. In surface trenches, a discrete fracture zone occurs along
the south edge of a sulphide mineralized zone with up to 25% finely disseminated pyrite. Thirty-five
historical diamond drill holes tested the A Zone to 15 m vertical, with only eight designed to intersect the
zone below the 20 m depth and drill intercepts below 20 m vertical did not intersect this heavy sulphide
mineralization seen at surface. This suggests that the main drill target was a broad zone of sulphide
mineralization and that the discrete, vertical high-grade structural zone which occurs along the southern
edge of the sulphide zone at surface, was not targeted nor intersected.
Noranda Exploration outlined a well exposed surface zone measuring some 150 m x 10 m and tested to
a depth of 15 metres. An historical drill hole (S-86-08) intersected 1.22 g/t Au over 30.0 m, including
13.1 g/t Au over 2.0 m at a vertical depth of about 82 metres. Of the three other historical holes
completed in this area, two intersected visible gold and the third intersected a fault that may have
displaced the mineralized zone. Additional observations by Avalon Ventures (1997) suggest a possible
steep eastward plunge to the higher grade gold mineralization. Inco drill holes (83801 and 83804) were
not long enough to reach the deeper A Zone structure and mineralization.
H Zone
The H Zone, located on the eastern edge of the Tower Stock intrusion, is approximately 200 m south of
the G Zone, another area that was trenched and drill-tested by Inco in 1987. Eighteen samples collected
from the H Zone over an approximate strike length of 100 m, returned assays ranging from 0.013 to 3.39
g/t Au. Geology in the H Zone area is described as a monzonite/syenitic intrusive breccia with pink
hematitic alteration. One diamond drill hole by Inco was drilled to the northeast of the H Zone but appears
to have been terminated short of the mineralized horizon. The H Zone is ranked high priority by the
Company. More than 60% of the H Zone area is covered by overburden and the Company is currently in
the process of completing a detailed ground magnetic survey over this area.
Creek Zone
The Creek Zone is located on the Western Side of the Tower Stock intrusion, about half the distance
between the historical Bench and U&V zones. Assays from rock samples collected over a strike length
of about 30 m returned assays ranging from <5 ppb to 2.98 g/t Au. The Creek Zone represents an
important new discovery which could connect the area between the Bench and U&V zones, which is
largely (some 80%) covered by overburden.
T Zone
Trench 02-07, located in the T Zone, was examined and resampled. This trench is a siliceous zone with
a mix of syenite and volcanics, possibly breccia style mineralization, with historical sampling from the
trench reported at 1.2 g/t Au over 9 metres. This is also considered a high priority area and leads the
Company to believe that the U&V Zone is connected to the Bench Zone. Sampling of Trench 02-07 by
White Metal returned assays ranging from 34 ppb to 2.19 g/t Au.
D Zone
Trench 03-08, located in the D Zone which is just southeast of the Bench Zone, was drilled by Valgold
Resources, with one diamond drill hole having numerous samples of anomalous gold. Current grab
sampling returned assays ranging from 0.157 to 2.42 g/t Au. The mineralization remains open to the
southeast and northwest.
04-36 Zone
The 04-36 Zone, centred around historical drill hole TM-04-36 (assayed 25 g/t Au over 3.0 m), is
interpreted to be open in a number of directions and as such demands further evaluation. There is also a
coincident VLF (Very Low Frequency) geophysical anomaly associated with this zone. Valgold drilled
three holes in 2011 for a total of 372 metres. Nearby drill hole TM-11-59, drilled to a depth of 125 m, had
gold anomalous mineralization starting at 120.5 m to the end of the hole (ended in 1.32 g/t Au). The
casing for this hole has been located and the plan is to extend this drill hole past known gold
mineralization. This area was also prospected toward the east where several a series of outcrops and
float were sampled, returning assays ranging from 16 ppb to 1.76 g/t Au (22 samples).
K Zone
The K Zone, which has seen historical work such as trenching and drilling by Noranda, Inco and Valgold,
is described as containing very fine-grained mineralization within a black matrix with dark
fragments/clasts (<1-3 cm) which are semi-angular to angular, suggestive of a hydrothermal breccia.
Twenty-one samples taken from an historical trench (Noranda) assayed from 63 ppb to 1.26 g/t Au. Also,
outcrop 50 metres to the north of the Noranda trench assayed from 0.20 g/t Au to 3.49 g/t Au (6
samples).
Property Geology & Mineralization
Gold mineralization on the Property, which has not seen any exploration activity for more than eight
years, is described as syenite-associated disseminated gold and is similar to that found in the Kirkland
Lake and Malartic gold camps. More specifically, mineralization and alteration styles on the Project are
similar to those found at the Young-Davidson Mine which is currently one of Canada's largest
underground gold mines, forecast to produce between 135,000 to 145,000 ounces of gold for 2020
(reported by Alamos Gold). In particular, the presence of brick-red potassium-hematite alteration
associated with hydrothermal breccia gold mineralization at the UV Zone is redolent of the association of
potassium-hematite alteration and mineralization at the Young-Davidson Gold Mine. Mineralization
hosted by established operations and other exploration projects is not necessarily indicative of
mineralization hosted on the Company's Property.
A Qualified Person has not done sufficient work to verify the historical assay results reported by previous
operators.
Samples were submitted for analysis by Activation Laboratories Ltd. (Actlabs) in Thunder Bay, Ontario.
Samples were transported under the direct supervision of Michael Stares and delivered from the
Property to the laboratory receiving facilities at Actlabs. Samples were analyzed for Au by Fire Assay
with an AA finish and for 36 other elements by Aqua Regia digestion with an ICP-OES finish. Actlabs is
an independent commercial laboratory that is ISO 9001 certified and ISO 17025 accredited.
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) 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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