07:51:06 EDT Tue 24 May 2022
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White Metal Resources Corp
Symbol WHM
Shares Issued 126,724,750
Close 2021-06-01 C$ 0.11
Recent Sedar Documents

White Metal talks historical drilling at Epunguwe

2021-06-01 14:07 ET - News Release

Mr. Michael Stares reports

WHITE METAL RESEARCH REVEALS EPUNGUWE TARGET AREA WITH HISTORICAL DRILLING OF 1.47% CU AND 11.7 G/T AG OVER 27 METRES, LOCATED 5 KM NORTH OF THE OKOHONGO CU-AG DEPOSIT, NAMIBIA

Continuing research by White Metal Resources Corp. has uncovered historical percussion drilling that reported 27.0 metres of 1.47 per cent copper and 11.7 grams per tonne silver at the Epunguwe target area, located about five kilometres north-northwest of the northern end of the Okohongo copper-silver deposit in northwest Namibia. Details of the historical drilling results from the Epunguwe target area are provided in the attached table.

Historical reporting describes the Epunguwe target area as a northwest-trending, roughly three-kilometre-by-0.5-kilometre area of soil geochemical anomalies, as well as copper mineralization exposed at surface and in trenches along a significant syn-sedimentary, basinal growth fault. Mineralization is described as structurally controlled and hosted by conglomerates (sandstones) of the basal Nosib group at or near the contact with overlying Ombombo subgroup rocks; Lower Omao formation siltstone and Lower Omao formation dolostone also host mineralization (INV Metals Inc. report; March 21, 2012; filed on SEDAR). To the company's knowledge, no work has been completed in this area since 2012.

Michael Stares, president and chief executive officer of the company, stated: "I am extremely pleased to report this additional data and information from the Okohongo copper-silver project, which gives me further assurance that there is still room to grow and find additional resources on the property. Although there is sparse historical drilling north of the Okohongo copper-silver deposit, these stratiform sedimentary-hosted copper systems have a tendency to pinch and swell, and knowing from the historical data that there is a three-kilometre-by-half-a-kilometre-wide soil geochemical anomaly in the area of the Epunguwe target area leads me to think that there is still a lot of potential to find more copper-silver mineralization. I should add that White Metal will remain focused on progressing the Tower Stock gold property in Ontario, Canada, but that the Okohongo copper-silver property is still one of our key assets."

Historically, exposed copper mineralization in the Epunguwe target area attracted the attention of exploration groups since the 1970s. Previous work includes General Mining soil surveys from the 1970s, Mount Isa Mining (MIM) drilling in the late 1990s (KAP series holes), and Teck mapping, sampling, geophysics and drilling (TC series holes) in approximately 2006 to 2007. The primary target of surface work and historical drilling in the Epunguwe target area has been the downdip extension of copper-silver mineralization exposed in trenches that straddle the Nosib group/Ombombo subgroup contact (INV Metals report; March 21, 2012; filed on SEDAR).

Copper mineralization at the Epunguwe target area occurs in similar stratigraphy to that described at the Okohongo copper-silver deposit. At Okohongo, mineralization is concentrated in a dark-grey to grey-green phyllitic siltstone/shale interbedded with dolomite of the Lower Omao formation that is conformably sandwiched between the underlying red beds of the Nosib group and overlying carbonates of the Lower Omao and Upper Omao formations, referred to colloquially as the Okohongo horizon (INV Metals report; March 21, 2012; filed on SEDAR).

The company views these new data and information as significant in its continuous exploration efforts to trace copper-silver mineralization north and south from the Okohongo copper-silver deposit. The company has already initiated exploration work on the property to evaluate the Epunguwe target area and several other copper showings along the greater northern trend.

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

Qualified person

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 and southern Africa. The company's two key properties are the flagship Tower Stock gold project in Thunder Bay, Ont., Canada, and the Okohongo copper-silver project in Namibia, Africa.

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