07:34:47 EDT Tue 24 May 2022
Enter Symbol
or Name
USA
CA



White Metal Resources Corp
Symbol WHM
Shares Issued 97,893,211
Close 2021-02-17 C$ 0.12
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White Metal begins IP survey at Tower Stock

2021-02-17 10:04 ET - News Release

Mr. Michael Stares reports

WHITE METAL INITIATES DASVISION IP SURVEY AND BEGINS DRILLING ON THE TOWER STOCK GOLD PROJECT, ONTARIO

White Metal Resources Corp. has contracted Abitibi Geophysics Inc. to complete a DasVision induced polarization (IP) geophysical survey on its Tower Stock gold project. The project, which has not seen any exploration activity for more than eight years, is located about 40 kilometres west-northwest of the port city of Thunder Bay, Ont., and consists of 126 unpatented mining claims and 157 hectares of patented lands, covering in total about 1,944 hectares (19.44 square kilometres).

Michael Stares, president and chief executive officer of White Metal, commented: "I am pleased to see the drill turning on the property and the implementation of the DasVision IP survey. We have a robust database with historical drilling information and data as well as historical and current surface sampling that gives us great confidence in the targets we have chosen for our first-phase drilling program. I am convinced that the IP survey will further enhance the project and give us a lot more information for future drilling programs, including more information on how the zones are connected, and provide new near-surface and deeper-seated targets."

The DasVision distributed array survey is designed for deep mineral exploration, up to 1,000-metre depth, and includes a 3-D inversion of the data to allow for integration with the company's existing exploration work. The IP survey will encompass an area of approximately four kilometres by four kilometres, covering some of the company's main exploration targets, including the U-V zone and the Bench zone areas. To date, there have been various historical IP surveys done over the property, but these have covered only small portions of the property.

The company believes that the DasVision IP survey will provide a better understanding of the structures that are likely controlling gold distribution and will also provide quality subsurface information about the approximately 700-metre gap between the U-V and Bench zones. The IP survey is designed to test depths of greater than 800 metres and will take approximately four weeks to complete. Once the IP survey is complete, all of the data will be integrated with the company's database of historical drill hole and surface sampling and a 3-D model will be generated.

An attached table provides a summary of historical drilling highlights from the Tower Stock gold project. It is important to note that a multitude of historical drill holes ended in gold mineralization, hosted by volcanic rocks; a selected list of these holes is provided in another attached table. Historical exploration data and information provided in the attached tables have not been verified by a qualified person.

With at least two kilometres of potential strike between the U-V zone gold deposit in the northwest and the last recorded exploration drilling (TM-07-58: 6.0 metres of 5.42 grams per tonne gold) to the southeast, the company believes there is ample opportunity to build both low-grade and high-grade gold resources over a large area.

A qualified person has not done sufficient enough work to verify the historical assay results and technical information reported herein.

Technical information in this news release has been reviewed and approved by Dr. Scott Jobin-Bevans, PGeo, vice-president, exploration, and a director of White Metal, who is a qualified person under the definitions established by National Instrument 43-101.

About White Metal Resources Corp.

White Metal Resources is a junior exploration company exploring in Canada.

We seek Safe Harbor.

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