08:17:43 EDT Tue 24 May 2022
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White Metal samples up to 31.8% Cu at Okohongo

2021-06-29 12:14 ET - News Release

Mr. Michael Stares reports

WHITE METAL SAMPLES 31.8% CU, 65 G/T AG, 20% PB IN ROCK GRAB SAMPLES FROM THE PROSPECTIVE EPUNGUWE AREA NORTH OF THE OKOHONGO CU-AG DEPOSIT, NAMIBIA

White Metal Resources Corp. has provided an update regarding its recently initiated exploration program in the region north of the Okohongo copper-silver (Cu-Ag) deposit (see company news release dated June 1, 2021).

The company is currently undertaking prospecting, geological mapping, grab sampling, and surface trenching and sampling programs along the prospective over-seven-kilometre sedimentary-hosted copper horizon, which extends northward from the Okohongo Cu-Ag deposit. This prospective horizon, colloquially known as the Okohongo horizon, occurs within the lower Omao formation (limestone, siltstone and dolomite), which is stratigraphically above the Nosib group (sandstone, shale and conglomerate).

Michael Stares, president and chief executive officer of the company, stated: "These very high copper concentrations and strong silver assays confirm the significance of the Epunguwe area. This target area, being more than five direct kilometres north of the Okohongo Cu-Ag deposit, gives me further confidence in the prospectivity of this region of the property. White Metal remains focused on progressing the Tower Stock gold property in Ontario, Canada, but we will certainly continue to advance the Okohongo copper-silver property as one of our primary assets."

A total of 56 rock grab samples were collected from the Epunguwe target area and Okohongo North showing during recent geological mapping. The Epunguwe target area is located about 4.3 kilometres (km) north of the Okohongo Cu-Ag deposit and covers a minimum northwest strike length of 800 metres. The Okohongo North showing is located about 2.7 km north of the Okohongo Cu-Ag deposit. Assay results for the first 20 rock grab samples are summarized in an attached table.

The company also completed 10 east-west-trending and northeast-trending trenches (EPT001 to EPT010) targeting the contact horizon between the lower Omao formation (east) and Nosib group (west) and exposing sediment-hosted copper mineralization. A total of 28 rock grab samples from the trenching program have been submitted for analysis.

Historical reporting describes the Epunguwe target area as a northwest-trending, roughly three-kilometre-by-half-kilometre area of soil geochemical anomalies, as well as copper mineralization exposed at surface, in trenches and in drill holes, occurring 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. To the company's knowledge, no work has been completed in this area since 2012.

A more detailed description of the new areas of copper exploration can be viewed on the company's website.

A qualified person has not done sufficient enough work to verify the historical assay results and technical information reported herein. Rock grab samples are selective samples by nature and as such are not necessarily representative of mineralization hosted across the property.

Qualified person

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 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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