White Metal Update on Exploration Program at Tower Stock Gold Project, Ontario
White Metal Update on Exploration Program at
Tower Stock Gold Project, Ontario
Thunder Bay, Ontario--(Newsfile Corp. - October 20, 2020) -
White Metal Resources Corp. (TSXV:
WHM)
("White Metal" or the "Company") is pleased to report that it has received the project review and
recommendations report (the "Report") from SLR Consulting (Canada) Ltd ("SLR") for the Tower Stock
Gold Project (the "Project" or the "Property"). 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.
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 Alamos Gold's
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.
Mr. Reno Pressacco, P.Geo. from Roscoe Postle Associates Inc. ("RPA") now part of SLR, has
extensive experience working on syenite-hosted gold deposits and was involved with the exploration and
delineation of the Young-Davidson gold deposit, prior to the sale of the asset to Northgate Mines, a
predecessor company to Alamos Gold. The current study included a site visit to the Project, reviewing
historical drill core and outcrop exposures, and a review of historical geological and geophysical
information and data. The large majority of historical drilling has been focused on two areas of the
Property known as the UV Zone and the Bench Zone, where zones of potentially economic gold values
across potentially mineable widths have been discovered historically.
SLR notes that the gold mineralization discovered at the UV Zone is related to disseminated pyrite-
chalcopyrite associated with a brick-red potassium-hematite alteration style that is characteristic of gold
mineralization found in other Canadian syenite-associated deposits. Conversely, the gold mineralization
observed at the Bench Zone appears to be associated with elevated concentrations of disseminated
pyrite only with no obvious visible alteration signatures.
The Company's technical team is currently reviewing several recommendations made in the Report for
consideration in its future exploration programs. Of particular note, were SLR's observations and
recommendations made with respect to the "G-Zone" where surface sampling by a previous operator
reported up to 8.34 g/t Au. The G-Zone is located in an area of the syenite intrusion that has seen little
detailed exploration activity other than one reported drill hole and a surface trench.
With respect to the G-Zone, the Report concluded, "Considering the style of mineralization, reported gold
grade, and relative lack of exploration activity, SLR is of the opinion that this area presents potential for
locating high grade gold mineralization in the near-surface area."
The Company's surface exploration program is progressing, with more than 200 grab samples collected
to date which have been submitted to the laboratory for analysis. Sampling of historical gold showings
and new areas of mineralization is ongoing and results will be reported in the coming weeks. White
Metal is awaiting its diamond drilling permits with plans to begin drilling early in the new year (2021).
A Qualified Person has not done sufficient work to verify the historical assay results reported by previous
operators. 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
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release.
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