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
Highlights of Press Release:
- 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 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.
The 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” 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.”