17:37:02 EDT Sun 07 Aug 2022
Enter Symbol
or Name

White Metal Resources Corp
Symbol WHM
Shares Issued 146,600,750
Close 2022-02-11 C$ 0.075
Recent Sedar Documents

White Metal Resources CEO Stares resigns

2022-02-16 14:43 ET - News Release

Mr. Elliot Strashin reports


For personal reasons, Michael Stares has resigned as the chief executive officer and as a director of White Metal Resources Corp., effective today. Mr. Stares has served since June of 2014. During his tenure, the company acquired two major copper-silver assets in Namibia and the Tower Mountain gold project just west of the port city of Thunder Bay, Ont. All three projects are currently being explored aggressively. Mr. Stares also leaves the company well financed for future work. While the board regrets losing his leadership, it is pleased to announce that Mr. Stares has accepted a consulting contract with the company so that it may continue to draw on his decades of experience and expertise.

The company's current vice-president of exploration, Dr. Scott Jobin-Bevans (PGeo), will assume the role of interim CEO until a replacement can be found. Dr. Jobin-Bevans has over 20 years of experience with public and private companies as an officer, director and technical adviser, and has taken several private companies public and has been in the mineral exploration industry since 1988. He is a registered geoscientist with the Association of Professional Geoscientists of Ontario (APGO), an adjunct professor in the Department of Geology, Lakehead University, and a certified project management professional (PMP).

This management change does not alter the company's current phase 3 drilling program, which continues to test the Tower Mountain gold property, with results to be released as they are received.

About the Tower Mountain gold property

The Tower Mountain gold property is located 50 kilometres west of the port city of Thunder Bay, Ont., and consists of unpatented and patented lands totalling 1,968 hectares (19.68 square kilometres). The property has excellent infrastructure and can be worked year-round with well-maintained roads and a power grid within less than five kilometres. Gold mineralization on the property is described as intrusive-associated disseminated gold and may have similarities to gold mines hosted in the Abitibi greenstone belt of Northeastern Ontario, such as in the Kirkland Lake and Malartic gold camps. One example, the Young-Davidson mine, is currently one of Canada's largest underground gold mines and in 2021 produced 195,000 ounces of gold (Alamos Gold news release dated Jan. 17, 2022).

Mineralization hosted by established operations and other exploration projects is not necessarily indicative of mineralization hosted on the company's property.

To view drill hole sections and additional project information and maps, please visit the White Metal website.

About White Metal Resources Corp.

White Metal 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, Ont., Canada, and the Okohongo copper-silver project in Namibia, Africa.

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