White Metal Submits Channel Samples to Lab from Its Gunners Cove Gold Project
White Metal Submits Channel Samples to Lab from Its
Gunners Cove Gold Project
Thunder Bay, Ontario--(Newsfile Corp. - September 27, 2018) -
White Metal Resources Corp. (TSXV: WHM)
("White Metal"
or the "Company") is pleased to announce that the important channel sampling program campaign has been completed on
priority targets on its Gunners Cove Gold Property (the "Property") in Newfoundland. (Please see the Company's press release
dated August 24, 2018).
All channel samples have now been submitted to Eastern Analytical Laboratories in Springdale, Newfoundland (the "Lab")
reporting to the following zones on the Property:
Bazooka Island - 354 samples
Gunners Main - 109 samples
Gunners East - 172 samples
Gunners Hidden Pit - 89 samples
Stephen Zone - 9 samples
The Lab has reported to the Company that, "The channel samples are all in the prep stage and are continuing through the
process."
The Company will report results when available and analysed. Given the very large number of samples, this process is expected
to take several weeks.
Jean-Pierre Colin, President & CEO of White Metal, stated, "I trust that White Metal exploration parties have had two productive
expeditions since last August at Gunners Cove, in Newfoundland, whereby our crews have proficiently collected the best channel
samples they could identify and using their best available modern techniques. To my knowledge, this is the first time such a
comprehensive programme of this kind has ever been attempted in that area and I am very proud of the such large number of
samples that our team has collected in the field, in such a very short interval, by using their own professional judgement in real
time when proximate to interesting geology. We are looking forward to results and will report shortly when relevant information
becomes available. Our current plan is that details of any promising wide-ranging follow-up drill programmes would depend
entirely on the full and thorough professional analysis of our geologists once the channel sampling assay data is received and
scientifically understood and would be announced as soon as the Company has made any definitive decisions regarding such
possible and anticipated expenditures."
Technical personnel for the Company have designed the channel sampling program as the best way to properly evaluate the
gold tenure and continuity on the various gold zones as well as assist in the delineation of targets for a future diamond drilling
program.
The Gunners Cove Gold Project is a new unexplored gold system that has now been traced intermittingly for 18 km along strike
(N-S) and from 1.3 to 3.0km in width (E-W).
To date, 15 new areas of gold mineralization have been discovered of which seven
have been identified as high priority targets.
Since the initial gold discovery in September 2017, the Company has had excellent success not only in making new discoveries,
but extending the area of gold mineralization substantially at the Gunners Cove Gold Project.
Evaluation of the geological
controls of the known gold mineralization can be summarized as follows:
Anomalous and moderate grade gold assays are associated with pyrite nodules, discontinuous stringers, fragments and
cubic crystals..
The gold zones are hosted in a geological distinctive unit of chaotic, multi-lithic breccia with a predominately graphitic and
mudstone matrix.
This unit is interpreted to be associated with regional thrust faulting and is referred to as a melange.
The higher pyrite content appears to be associated with well-foliated (sheared) graphitic melange.
This melange can be mapped over horizontal widths of up to 1.3km, however the full extent of the melange is not
understood at this time.
The unit appears to be located at the base of a sedimentary-ultramafic package and has been
extended as a discontinuous unit over an area measuring approximately 18km by 3km.
Anomalous silver, copper and molybedinum are also associated with the gold 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.
For more information with respect to the Gunners Cove Gold Property please visit the Company's Web Page at
www.whitemetalres.com
.
About White Metal Resources Corp (TSXV: WHM):
White Metal Resources Corp. is a junior mineral exploration company exploring for gold in Canada.
On behalf of the Board of Directors of White Metal Resources Corp.
"Jean-Pierre Colin"
Jean-Pierre Colin, President, CEO and Director
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ADEQUACY OR ACCURACY OF THIS NEWS 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
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"forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to
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and regulatory risks 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
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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 projection
For further information contact:
Jean-Pierre Colin
President, CEO & Director
White Metal Resources Corp.
(416) 573-4300
or
Michael Stares
Director
White Metal Resources Corp.
684 Squier Street
Thunder Bay, Ontario, Canada, P7B 4A8
Phone: (807) 628-7836 Fax (807) 475 7200