05:21:30 EDT Sun 26 Jun 2022
Enter Symbol
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White Metal Resources Corp
Symbol WHM
Shares Issued 128,589,750
Close 2021-12-09 C$ 0.085
Recent Sedar Documents

White Metal partner Noronex drills 9,000 m at DorWit

2021-12-10 09:05 ET - News Release

Subject: FW: White Metal Resources News Release PDF Document File: Attachment 2021-12-10 White Metal Partner Noronex Provides Update from Drilling and Exploration Programs DorWit Copper-Silver Project, Namibia.pdf White Metal Partner Noronex Provides Update from Drilling and Exploration Programs, DorWit Copper-Silver Project, Namibia Thunder Bay, Ontario, December 10, 2021: White Metal Resources Corp. (TSXV: WHM) (FRA: CGK1) (OTCMKTS: TNMLF) ("White Metal" or the "Company") is pleased to provide an exploration update from its Australian joint venture partner Noronex Limited (ASX: NRX) ("Noronex") on the DorWit Copper-Silver Project (the "Project"), located in the Kalahari Copperbelt of central Namibia (see Noronex news release dated December 9, 2021). The Namibian Project comprises three Exclusive Prospecting Licences (EPLs) that cover 72,000 hectares, referred to as the Witvlei (EPL 7028 and EPL 7029) and Dordabis (EPL 7030) properties. The Project is prospective for sedimentary-hosted Cu-Ag mineralization within the prolific Kalahari Copper Belt that spans Namibia and Botswana. The focus of current exploration is on five target areas in the Witvlei Project that comprises EPL 7028 and 7029 (Figure 1). Highlights dot Over 9,000 m of the 12,000 m planned drilling program has now been completed at the Otjiwaru, Christiadore, Gemboksvlei and Okasewa prospects. dot Results from the maiden drilling at the Christiadore prospect has not intersected significant copper with results pending from drilling completed at Gemboksvlei and Okasewa. Okasewa South is located directly south of the known Okasewa Cu deposit which has an existing JORC (2012) mineral resource of 4.4 Mt at 1.2% Cu (see Noronex news release dated March 8, 2021). dot Two rigs are currently drilling at Okasewa South to test high priority copper geochemical soil and geophysical IP chargeability targets. The rigs are then planned to move to the high priority targets at Dalheim. Michael Stares, President & CEO of White Metal, stated, "We are very pleased with the progress that the Noronex technical team has made in their exploration and drilling programs on the DorWit Copper-Silver Project in the Kalahari Copperbelt of Namibia. I look forward to reporting on the next round of exploration results as Noronex continues to advance and expand the project." Background The Namibian Project, comprises three Exclusive Prospecting Licences (EPLs 7028, 7029 and 7030) covering 72,000 hectares that are prospective for sedimentary Cu-Ag mineralisation along the prolific Kalahari Copperbelt that spans Namibia and Botswana. The Namibian Project contains a current JORC (2012) Inferred Mineral Resource of 10 MT grading 1.3% Cu (see Noronex news release dated March 8, 2021). The focus of the current exploration efforts is the five targets on the Witvlei Cu-Ag Project (EPL 7028 and 7029). Figure 1. Plan map showing the copper-in-soil geochemistry anomalies and high priority targets being drill tested at the Witvlei Cu-Ag Property (Noronex, 2021). About Noronex Limited Noronex is an ASX listed copper company with advanced projects in the Kalahari Copper Belt, Namibia and in Ontario, Canada that have seen over 170,000 m of historical drilling. Noronex plans to use modern technology and exploration techniques to generate new targets at the projects and grow the current resource base. Qualified Person Technical information in this news release has been reviewed and approved by Dr. Scott Jobin-Bevans P.Geo., Vice President Exploration and a Director of White Metal, who is a Qualified Person under the definitions established by the NI 43-101. Information and data in this news release has been largely extracted from Noronex news release dated December 9, 2021. About White Metal Resources Corp.: White Metal Resources Corp. is a junior exploration company exploring in Canada and southern Africa. The Company's two key properties are the Flagship Tower Mountain Gold Project in Thunder Bay, Ontario, Canada and the Okohongo Copper-Silver Project in Namibia, Africa. For more information about the Company please visit www.whitemetalres.com. On behalf of the Board of Directors "Michael Stares" President & CEO For further information contact: Michael Stares President & CEO White Metal Resources Corp. 684 Squier Street Thunder Bay, ON P7B 4A8 Phone: +1 (807) 358-2420 Nancy Massicotte Investor Relations White Metal Resources Corp. Phone: +1 (604) 507-3377 TF: +1 (866) 503-3377 Email: ir@whitemetalres.com Thomas Do Investor Relations Manager CHF Capital Markets Phone: +1 (416) 868-1079 x 232 Email: thomas@chfir.com THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

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