White Metal $WHM Completes Initial Three #Drill Holes on Tower Stock #Gold Project, #Ontario

White Metal Resources Corp. (TSXV: WHM) (FRA: CGK1) (OTCMKTS: TNMLF) is pleased to announce that it has completed the first three diamond drill holes totaling 597 metres, of the total 3,000 metre program that is planned on the Tower Stock Gold Project (the “Project” or “Property”). The Project is located about 40 km west-northwest of the port city of Thunder Bay, Ontario and covers approximately 1,968 hectares.

The Company optioned the Tower Stock Project from a local Thunder Bay prospector (see NR dated June 25, 2020) and to date has completed a total of 3,083 metres of drilling on the Property. During last winter’s Phase 1 diamond drilling program and DASVISION IP survey, the company made several key advancements on the Property, including:

  • Ellen Zone – TM-21-94 was the first hole drilled at this target returning significant widths of gold mineralization resulting in an important new gold discovery. Hosted in volcanic host rocks, gold is associated with hydrothermal brecciation and sericite-chlorite-calcite-pyrite alteration and this intersection suggesting a connection between the U-V Zone in the northwest to the Bench Zone in the southeast (see NR dated April 20 2021)
  • Bench Zone – TM-21-97 was successful at extending the southwest down-dip extension of the Bench Zone returning two wide board intervals of gold mineralization. Gold mineralization is hosted within calcite-sericite-chlorite-pyrite altered volcanics and feldspar porphyry. These results show that the Bench Zone is open for expansion down-dip and along strike. (see NR dated April 20 2021)

The Current drilling program is focused on a combination of high priority targets including:

  • Additional drilling on the Ellen Zone, both to the northwest and to the southeast.
  • Infill drilling at the Bench Zone in areas of gold mineralization with widely spaced drilling from previous operators, ValGold.
  • Drill testing some high priority DASVISION IP Targets that have been interpreted by a third party geophysical consultant.

Figure 1: Tower Stock Gold Property Compilation Map – Current Diamond Drilling

A summary of the three holes completed to date at the Ellen Zone includes:

  • TM-21-98: drilled 20 metres to the southwest of TM-21-94 at 45Az and -50 dip and returned same/similar lithologies and similar hydrothermal sericitic-chlorite-pyrite alteration that hosts gold mineralization in hole TM-21-94.
  • TM-21-99: drilled 25 metres to the northwest of TM-21-94 at 45Az and -50 dip and also intersected the same/similar lithologies and hydrothermal sericitic-chlorite-pyrite alteration, as described above in holes TM-21-94 and TM-21-98. Of possible significance is the presence of microsyenite and feldspar porphyry dykes which are known to have a strong association to gold.
  • TM-21-100: drilled 25 metres to the southeast of TM-21-94 at 45Az and -50 dip. This hole also returned intercepts of similar lithologies and alteration as noted above, but unlike holes TM-21-94, TM-21-98, and TM-21-99 drill hole TM-21-100 intersected significant widths of coarse hydrothermal brecciation up to 8 metres wide., with sericite-chlorite altered black matrix, and 12 metres of very intense sericitic alteration with disseminated fuchsite.

Note that pyrite mineralization occurs over the entire length of all three holes.

The Company is also planning to drill a number of the other zones including:

  • T Zone: a WNW trending target defined from two 200 metre spaced ValGold holes that returned significant widths of gold mineralization but not drill tested between the two holes; and
  • S Zone: to extend historical drill hole TM-04-30 which ended with 1.22 g/t Au over 4.5 metres.

Michael Stares, President and CEO of White Metal, commented, “I am very pleased to have completed the four holes on the Tower Stock property to date and look forward to completing the 3,000 metre planned drill program. The  new core to date, especially on the Ellen Zone, looks very similar to the Original Ellen Zone hole discovery in TM-21-94. The new zone of alteration in hole TM-21-100 looks very encouraging and we are anxiously waiting for the assays from the lab to determine if the new zones will be comparable to the original Ellen Zone Discovery. We will also be testing some high priority 3D IP geophysical targets, reviewed and targeted by a third party, as we are interested in determining the source of these anomalies. I am also excited to start testing some of the historical drill holes on the Bench Zone that have not been previously followed up on.”

A more detailed description of the planned drilling areas can be viewed on the Company’s website (https://www.whitemetalres.com/tower-stock-au.html).

All drill hole intersections presented herein represent drill core lengths (intervals) and are not considered true widths.

White Metal Resources $WHM Reports 23 M of 2.31% Cu, 46.3 g/t Ag Including 4 M of 4.74% Cu, 65.1 g/t Ag, Taranis #Copper – #Silver Project, #Namibia

Thunder Bay, Ontario, 18 May 2021: White Metal Resources Corp. (TSXV:WHM) (FRA: CGK1) (“White Metal” or the “Company”) is pleased report that it has received the final batch of assay results from the remaining 15 reverse circulation (“RC”) drill holes from its January-February 2021 drilling program (28 drill holes totalling 3,226 m) (Table 1). The Company previously announced results from 13 drill holes (see Company news releases 23 March 2021 and 8 April 2021). All drill holes from the current program targeted the area of the historical Okohongo Cu-Ag Deposit (“Okohongo”). The 95% owned Taranis Copper-Silver Project (the “Project” or “Property”), which includes the historical Okohongo Copper-Silver Deposit, is located in northwestern Namibia and is defined by Exclusive Prospecting Licence (“EPL”) 7071, covering about 19,850 hectares.

Michael Stares, President & CEO of the Company stated, “We see again that the RC drill holes from Okohongo are confirming the historical results and we look forward to completing a current NI 43-101 mineral resource estimate and technical report very soon. Strong copper and silver prices have given this project a robust valuation and we look forward to receiving our Property renewal in the coming months. We will be working aggressively to maximise the value of our Namibian copper projects, while maintaining our focus on our flagship property, the Tower Stock Gold Property, located in northwestern Ontario, Canada.”

Click link below for tables and entire news release:

White Metal Resources (TSX.V:WHM) (FRA:CGK1) (OTCMKTS:TNMLF) Reports 23 M of 2.31% Cu, 46.3 g/t Ag Including 4 M of 4.74% Cu, 65.1 g/t Ag from Final RC Drilling Results, Taranis Copper-Silver Project, Namibia

www.whitemetalres.com

@TriumphGoldCorp TSXV$TIG $NFRGF Announces Multiple Diamond Drill Hole Intersections of Au-Cu Mineralization on Eastern Margin of The Revenue Diatreme including 58.65m of 1.48 g/t #Gold Equivalent* @ 0.971 g/t Au & 0.22% Cu

Highlights of Press Release:   Triumph Gold Logo

  • Triumph announces that diamond drilling along the relatively underexplored eastern margin of the Revenue diatreme has been rewarded with multiple intersections of copper, gold, silver +/- molybdenum mineralization. Recent geological reviews of mineralization in the Revenue area, aided by development of a 3D geological model of the 1,300 X 400 metre elliptical Revenue diatreme, targeted the eastern portion of the diatreme as most prospective for gold and copper mineralization.  The 2017 exploration program at Revenue was designed to test the eastern area with five drill holes totaling 2,032 metres.
  • Geological highlights of the drill program include:
    • Identification of an oxidized breccia/deep-weathering zone with significant gold from the bedrock surface to 68m depth (RVD17-10; 68m @ 0.64 g/t Au). This intersection is in an area that has not been explored for near surface mineralization, in part due to absence of a gold in soil anomaly, which is now attributed to thick overburden.  Samples from this interval are being sent for metallurgical testing to determine if gold can be extracted via cyanide leach.
    • In RVD17-12, a broad intersection (approximately 180 metres long) of porphyry style stockwork veining with potassic and phyllic alteration, adjacent to, and beneath the surface expression of, the Revenue diatreme.
    • The intersection of a high-grade breccia zone in RVD17-12 (58.65m @1.48 g/t Au eq.), which is interpreted to be a continuation of hydrothermal breccias encountered in RVD11-22 and RVD11-28, defining at least 120 meters strike-length of high grade mineralization that is open at depth and contained within a broad lower grade envelope.
    • At least three types of superimposed mineralization, including:
    • Early porphyry style mineralization;
    • Late hydrothermal breccias and replacement style mineralization; and
    • Near surface enrichment of gold.
  • Paul Reynolds, Triumph Gold’s President and CEO, states: “We are very encouraged by these results. Each of the styles of mineralization encountered at Revenue could be a stand-alone target, but along the eastern margin of the Revenue diatreme, where we have discovered that they are superimposed, there is an exceptional opportunity to explore for a high-grade, near-surface Au-Cu resource.”

For full press release, go to:  http://www.triumphgoldcorp.com/news/news-releases/

Rio Tinto to Drill on @PistolBayMining ‘s C-5 #Uranium #Property, #Saskatchewan

Rio Tinto Exploration Canada Inc. (”RTECI” or “Rio Tinto”) has informed Pistol Bay that is continuing with its exploration program on the 2,500-acre (1016 hectares) C5 uranium property in the Athabasca Basin, northern Saskatchewan.

Rio Tinto intends to drill between 4 and 6 diamond drill holes for a program total of approximately 2,600 metres, targeting uranium mineralization at the unconformity between the Athabasca Basin sediments and the older basement rocks, and in the basement itself.  The C5 property adjoins the Wheeler River property, controlled by Denison Mines Corp.  It lies 4.5 kilometres north of the Phoenix uranium deposit, 5 kilometres northeast of the Gryphon uranium deposit, and 2.6 kilometres northeast of the 489 Uranium Zone.

The C5 property, together with the C4 and C6 claims, is under option to Rio Tinto, which has earned a 75% interest, and has previously announced its intention to exercise the further option to acquire 100% interest by paying Pistol Bay C$5,000,000 within 5 years of December 31st 2014 and granting Pistol Bay a 5% net profits interest (see Pistol Bay news release of February 16th, 2015).  Rio Tinto has, to date, completed 12 diamond drill holes totalling 6,104 metres on the C5 property and carried out a gravity survey and a DC resistivity.  The 2017 diamond drilling program is scheduled to commence on January 20th.

Pistol Bay LogoThe C4, C5 and C6 properties are road-accessible, an important feature that allows exploration funds to be used much more effectively than more remote, fly-in projects.  The 75-kilometre all-weather haul road from the McArthur River mine to Cameco’s Key Lake mine/mill passes approximately 5 kilometres from the properties, and there is a network of bush roads or trails that can be used by 4-wheel drive vehicles.

see: www.pistolbaymining.com for complete news release

Goldstrike “GSR”: New Gold Discovery Extends Yellow Giant Trend to 25km, Remains Open

Goldstrike “GSR” has discovered a new zone of gold mineralization in a newly staked extension to the Plateau South property which assayed 4.738 g/t gold and 6,852 parts per million arsenic from a rock grab sample taken from outcrop/subcrop.  The gold-mineralized sample of grey quartz was taken during expansion staking by Yukon prospector Tom Morgan, in a newly identified 2 km by 600m area with massive quartz veining and stockwork that remains open.  This showing further confirms the significant gold potential within a west-northwest to east-southeast corridor referred to as the Yellow Giant trend.  This trend extends for at least 25 km, is largely unexplored along its entire length and remains open.

“The Plateau area as a whole has many indications of a new emerging gold district,” said Goldstrike president Terrence King.  “The results from the 2011 exploration season far exceeded our expectations with nine new gold discoveries made including Plateau, Summit, Big One, Livingston and Lucky Strike, to name a few. Goldstrike looks forward to a busy 2012 as it works to exploit the full potential of the Plateau area, as well as its other eight stand-alone new gold projects.”