08:52:45 EDT Tue 24 May 2022
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or Name
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White Metal Resources Corp
Symbol WHM
Shares Issued 127,189,750
Close 2021-07-21 C$ 0.075
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White Metal samples 35.2% Cu, 548 g/t Ag at Okohongo

2021-07-22 11:20 ET - News Release

Mr. Michael Stares reports

WHITE METAL SAMPLES 35.2% CU AND 548 G/T AG IN ROCK GRAB SAMPLES FROM THE PROSPECTIVE OKANGURA AREA SOUTHWEST OF THE OKOHONGO COPPER-SILVER DEPOSIT, NAMIBIA

White Metal Resources Corp. has provided an update regarding its exploration program north and south along strike from the Okohongo copper-silver deposit (see company news release dated June 29, 2021).

The company is continuing its prospecting, geological mapping, grab sampling and surface trenching and sampling programs along the prospective plus-seven-kilometre sedimentary-hosted copper horizon, which extends northward from the Okohongo copper-silver deposit, and an examination of previously identified showings and occurrences up to 14 kilometres south of the Okohongo Cu-Ag deposit. The target prospective horizon, colloquially known as the Okohongo horizon, occurs within the Lower Omao formation (limestone, siltstone, dolomite), which is stratigraphically above the Nosib group (sandstone, shale, conglomerate).

Michael Stares, president and chief executive officer of White Metal, stated: "These results continue to impress, delivering very high copper and silver concentrations north and south of the Okohongo Cu-Ag deposit. Clearly, there is significant opportunity to expand the current deposit along strike, which at this stage of exploration shows potential along a prospective horizon of more than 20 kilometres. Although White Metal remains focused on progressing its flagship project, the Tower Stock gold project in Ontario, Canada, the company will continue to advance the Okohongo copper-silver project as one of our primary assets."

A total of 37 rock grab samples were collected from target areas within north and south of the Okohongo area during the most recent geological mapping and prospecting. The Epunguwe and Epunguwe South target area are located about 4.3 km north of the Okohongo and cover a minimum strike length of 300 metres. The Okohongo West, Northeast, North and Okohongo samples are from the areas immediately around and within the Okohongo area. The Okangura North, Okangura and Okangura South area are located about 2.1 km southwest of the Okohongo and cover a minimum strike length of about one kilometre. The Okahwa area is located about 14 km south of Okohongo and covers a minimum strike length of about 250 metres.

The company also completed 10 approximately east-west- and northeast-trending trenches (EPT001 to EPT010) targeting the contact horizon between the lower Omao formation (east) and Nosib group (west), exposing sediment-hosted copper mineralization in five of the 10 trenches. A total of 28 composite rock grab samples from the five trenches that showed prominent copper mineralization were submitted for analysis. Results are shown in the relevant table.

The company will continue to explore the project area with further prospecting, geological mapping, sampling and trenching, looking toward developing future drill targets along the prospective copper horizon. To the company's knowledge, no work has been completed in any areas outside of the Okohongo Cu-Ag deposit since 2012.

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 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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