09:19:28 EDT Tue 24 May 2022
Enter Symbol
or Name

White Metal Resources Corp
Symbol WHM
Shares Issued 97,893,211
Close 2021-02-24 C$ 0.14
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White Metal completes three drill holes at Tower Stock

2021-02-24 13:34 ET - News Release

Mr. Michael Stares reports


White Metal Resources Corp. has now completed three diamond drill holes on the Tower Stock gold property. To date, the company has completed a total of 600 metres of core drilling of the planned 4,000-metre drilling program. The Tower Stock 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 81 single-cell mining claims, 11 single-cell boundary claims, four freehold land grants or patents, covering about 1,941 hectares.

Michael Stares, president and chief executive officer of White Metal, commented: "I am pleased with the progress to date and our team has been working hard preparing drill core samples for analysis. We still have numerous drill targets to test and look forward to reporting drill results as they come in. We are also eagerly awaiting results and interpretation of the DasVision IP survey (see company news release dated Feb. 17, 2021), which we anticipate to be completed late March, 2021. We're confident it will greatly benefit our exploration program in delineating known targets and generating new ones, as well as assisting in interpretation and modelling of the extensive gold mineralization system which characterizes the overall Tower Mountain gold project."

The first two diamond drill holes were designed to test the H zone area in which sampling from last fall's prospecting program outlined gold mineralization over a strike length of at least 100 metres (see company news release dated Dec. 10, 2020). The H zone drill holes intersected strong to moderate potassic alteration within a broad package of volcaniclastics over the entire length of the drill holes, with pyrite mineralization noted over widths up to 50 m. All samples from these two holes have recently been submitted to Activation Laboratories in Thunder Bay, Ont.

The third hole is an extension of TM-04-23, a hole drilled by Val Gold in 2004 in the UV zone, and which was stopped at 300 m. White Metal has extended this drill hole a further 154 m to test for the possible down dip extension at 70 m below the U-V zone, as intersected in historical hole TM-04-24, which returned 70.5 m (264 to 334.5 m) of 1.07 grams per tonne gold. Core logging shows that mineralization, alteration and brecciation observed in the extension of TM-04-23 are very similar to the mineralized zone (264 to 334.5 m) noted in TM-04-24.

The TSX Venture Exchange has excepted the Anderson property agreement submittal (see company news release dated Feb. 2, 2021).

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 of 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.

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

We seek Safe Harbor.

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