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White Metal Resources Corp
Symbol WHM
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Close 2021-10-01 C$ 0.075
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White Metal files technical report for Okohongo

2021-10-01 12:39 ET - News Release

Mr. Michael Stares reports

WHITE METAL FILES NI 43-101 TECHNICAL REPORT AND MINERAL RESOURCE ESTIMATE ON SEDAR, TARANIS (OKOHONGO) COPPER-SILVER PROJECT, NAMIBIA

White Metal Resources Corp. has filed a National Instrument 43-101 technical report in support of the mineral resource estimate on the Okohongo copper-silver deposit, announced by the company on Aug. 18, 2021 (see White Metal news release dated Aug. 18, 2021). The Okohongo deposit is located within its 95-per-cent-owned Taranis (Okohongo) Cu-Ag project, as defined by exclusive prospecting licence (EPL) 7071, and covers about 13,825 hectares in the Kaoko copper belt, northwestern Namibia.

Michael Stares, president and chief executive officer of White Metal, stated: "The company is very pleased with the outcome of the new mineral resource estimate and it will continue to advance the Namibian project while at the same time looking for a partner that sees the same upside and potential that the company sees in the property. White Metal has proven that there is room to grow and improve the Okohongo deposit and excellent copper-silver potential along strike to the north and south of the deposit. As I have stated in the past, the company sees the demand for copper remaining strong which will only increase the future value of the Okohongo deposit and project."

Mineral resource estimate

The inferred mineral resources of the mineral resource estimate for the Okohongo deposit were modelled and calculated using 3,226 metres of reverse circulation (RC) drilling in 28 drill holes (518 chip samples in resource) and 781.70 metres of historical diamond drill core in four holes (63 core samples in resource).

The area covered by the resource is about 740 metres (east-west) and 720 metres (north-south). Using a cut-off grade of 0.30 per cent Cu and assuming 10 per cent geological loss, the study reported approximately 7.7 million tonnes grading 1.55 per cent Cu and 26.77 grams per tonne Ag with a calculated copper equivalent (CuEq) of 1.82 per cent Cu.

The MRE, with an effective date of Aug. 11, 2021, was prepared by Caracle Creek International Consulting MINRES Pty. Ltd. (CCIC MINRES), South Africa, in accordance with current CIM definition standards on mineral resources and reserves.

Figures and information about the mineral resource estimate can be viewed on the company's website.

Assays, quality assurance/quality control and assay procedures

Nico Scholtz, a qualified person as defined by National Instrument 43-101, was responsible for the RC drilling and sampling program, including quality assurance (QA) and quality control (QC). The RC chip samples were collected from the drill using a three-tier riffle splitter to split the sample and representative chip samples were collected and logged on site. Samples were taken at one-metre-intervals. Samples were securely transported to the Activation Laboratories Ltd. preparation lab in Windhoek, Namibia.

Once the main RC chip samples were prepared, Actlabs in Windhoek, Namibia, sent the sample pulps directly to Actlabs in Ancaster, Ont., Canada, for analyses. Actlabs is an ISO/IEC (International Organization for Standardization/International Electrotechnical Commission) 7025 accredited lab and is independent of White Metal. The samples were first analyzed with four-acid "near total" digestion (1F2) with ICP-OES (inductively coupled plasma-optical emission spectrometry) finish for Ag, Cu and a suite of 33 other elements. Subsequently, samples with Ag greater than 100 parts per million (above Ag upper detection limit) were analyzed with fire assay gravimetric and samples with Cu greater than 10,000 ppm (above Cu upper detection limit) were analyzed with sodium peroxide fusion with ICP-OES finish. Wet sample was transported to the lab without splitting, dried at the Actlabs facility in Windhoek and split afterward.

A quality control and quality assurance (QA/QC) program consisting of the regular insertion of certified reference material (CRM), copper standards and blanks, into the sample stream by the company was in place as was the industry standard internal QA/QC practices used by Actlabs. A CRM copper-silver standard was inserted approximately every 20 samples, a control blank was inserted every 15 samples and a duplicate taken every 30 samples. A total of 24 duplicate RC chip samples were analyzed at independent referee lab ALS Global, an ISO/IEC 7025 accredited lab, based in Johannesburg, South Africa.

Qualified persons and data verification

The independent principal author of the technical report is Mr. Scholtz, a qualified person as defined by NI 43-101, and is responsible for the entire technical report. The independent co-author of the technical report is Sivanesan (Desmond) Subramani, a qualified person as defined by NI 43-101, and is responsible for the mineral resource estimate.

Dr. Scott Jobin-Bevans (PGeo, APGO No. 0183), a qualified person as defined by NI 43-101, and a director and vice-president of exploration for White Metal, has reviewed and approved all of the scientific and technical content of this news release.

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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