20:17:56 EDT Tue 28 Jun 2022
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or Name
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CA



White Metal Resources Corp
Symbol WHM
Shares Issued 147,000,750
Close 2022-04-29 C$ 0.065
Recent Sedar Documents

White Metal drills 267m of 0.71g/t Au at Tower Mountain

2022-05-02 09:56 ET - News Release

Dr. Scott Jobin-Bevans reports

WHITE METAL INTERSECTS 267 METRES AVERAGING 0.71 G/T AU AT THE BENCH ZONE, TOWER MOUNTAIN GOLD PROJECT, ONTARIO

White Metal Resources Corp. has released final assay results from phase 3 diamond drilling at the Tower Mountain gold project. Tower Gold is located approximately 50 kilometres west of Thunder Bay, Ont., Canada. To date, White Metal has completed three phases of drilling totalling 10,813 metres in 48 holes.

Highlights:

  • TM-22-135 intersected 466.5 metres averaging 0.51 gram per tonne gold, including 267 m averaging 0.708 g/t Au.
  • TM-22-135, the deepest hole to date, ended in mineralization at 485 metres.
  • TM-22-134 intersected 58.5 m averaging 0.75 g/t Au.
  • TM-22-126 intersected 30 m averaging 0.645 g/t Au.

Significant results from phase 3 drilling are summarized in an attached table. Details of the drilling and associated results are available at the company's website.

Dr. Scott Jobin-Bevans, interim chief executive officer, noted: "These latest results continue to demonstrate that the Tower Mountain gold project has a significant gold endowment with excellent potential to identify a large-tonnage, low-grade, multimillion-ounce gold discovery, similar to what has been established elsewhere within the Shebandowan greenstone belt (SBG). We believe the gold potential of the SBG was largely ignored due to the low-grade nature of known occurrences. Both Malartic and Detour Lake are multimillion-ounce projects with average grade of less than one g/t gold. Our drilling to date at Tower gold has established low-grade gold mineralization for over 2,500 metres along strike, across an average 300 m width [and] to depths in excess of 300 metres. Our 2021/2022 phase 3 drilling program successfully extended the known strike and down-dip extent of the low-grade envelope, and surface prospecting in 2021 identified numerous gold targets within the claim boundary that are, as yet, untested. We believe the Tower Mountain gold project is a compelling exploration opportunity in an emerging gold camp."

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

Analytical procedures

Quality assurance/quality control standards and blanks were inserted into the sample stream for all sample types (drill core samples and surface rock grab samples) and submitted for analysis by Activation Laboratories Ltd. in Thunder Bay, Ont. Samples were transported under the direct supervision of senior White Metal personnel and delivered from the property to the laboratory receiving facilities. Samples were analyzed for gold by fire assay with an atomic absorption finish and fire assay with a gravimetric finish. Activation Laboratories is an independent commercial laboratory that is ISO 9001 certified and ISO 17025 accredited.

Qualified person

Technical information in this news release has been reviewed and approved by Dr. Scott Jobin-Bevans, PGeo, interim president and chief executive officer, 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 flagship property is the Tower Mountain gold project near Thunder Bay, Ont., Canada.

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