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Feature article April 12, 2021:

 

White Metal Advancing Major Gold System in Ontario, Heading to Resource on Copper-Silver Deposit in Namibia, and has an Impressive Portfolio of High-Value Assets

 

White Metal Resources Corp.

(TSX-V: WHM)  (US: TNMLF)  (CGK1.F)

 

Share data, Capitalization, & Corporate info

 

 Shares Outstanding:  97,893,211

 Recently Traded: ~CDN$0.11/share (TSX-V: WHM)

 52 Week High/Low: $0.17/ 0.02

 Current Market Cap.: ~$11 million Canadian

 Corporate Website: www.whitemetalres.com

 

   

Valuation Commentary: White Metal Resources Corp. (TSX-V: WHM) (US Listing: TNMLF) (Frankfurt: CGK1) is a Canadian-based junior explorer mining company that has graduated from a pure project-generator model to now advancing two major projects; 1) its newly optioned Tower Stock Gold Project in Ontario, and 2) its 95%-owned Okohongo Copper-Silver Project in Namibia, in addition to holding an array of other projects.

 

White Metal Resources Corp. appears undervalued relative to inherent latent intrinsic value

 

WHM.V currently has a nominal market cap of ~C$11M (97,893,211 shares trading at ~C$0.11, click here to view a fully diluted schedule of warrants). The share price of WHM.V is apt to appreciate from the current trading price as continued news flow occurs, and as the significance of what White Metal possesses is better appreciated by the market, reflecting the significant growing intrinsic value on its many projects. The Company is well-capitalized (having closed a C$2.273 million private placement in February-2021) and is positioned to aggressively advance its flagship Tower Stock Gold Property in Ontario and its Taranis (Okohongo) Copper-Silver Project in northwestern Namibia, which includes taking the historical mineral resources of the Okohongo Copper-Silver Deposit to NI 43-101 compliance.

 

Transformation of White Metal Resources Corp.: The Company has a lot of moving parts as it also retains a vast portfolio of quality projects (see listing below) from its approach as a project generator. As is often the case with project generators, the sum of the parts is greater than the whole until market awareness kicks-in -- over time if management makes the right moves, cyclical markets cooperate, and geological/exploration success prevails, astute investors can be handsomely rewarded, WHM.V is certainly now at an inflection point. About 3 years ago, when commodities were out of favour, management of WHM.V decided to make a play for advanced copper-silver projects in Namibia -- instantly transforming WHM.V into a company with tonnage in the ground on two copper-silver projects (Okohongo & DorWit). This was a departure from advancing grassroots projects as a project generator. Several years later the opportunity to acquire Tower Stock Gold Project was presented through a contact and as a result this exciting gold project pushed the Namibian copper-silver projects off the front burner and DorWit was optioned-out (see details below, it is a valuable asset that the JV partner is advancing with no risk/cost to WHM.V which retains 25% ownership). Now factor in the other project generator assets of White Metal Resources and the inherent latent intrinsic value of WHM.V is immense.

 

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The following is a synopsis/categorized listing of each project of White Metal Resources, followed by a more detailed look the two major projects White Metal is advancing on its own.

 

Major project #1) Newly Optioned Tower Stock Gold Project located in the Shebandowan Greenstone Belt ~40km west-northwest of the port city of Thunder Bay, Ontario, Canada. The project hosts an extensive syenite-associated disseminated gold system, a type similar to deposits in the Kirkland Lake and Malartic gold camps, and the Young-Davidson Mine (Alamos Gold). The project has a historical resource on the UV & Bench zones which has seen historical drilling from the likes of Inco, Noranda, Avalon, and finally ValGold -- previous work over the last 30 years has only scratched the surface (~200 m depths) in select areas along the contact region with the intrusive complex, and many holes ended in target gold mineralization. White Metal's geological team is taking an approach that looks at the big picture multi-million ounce gold potential of the syenite intrusive rock using a modern systematic approach and with an improved understanding. The project is currently undergoing a ~4,000 m drilling program on multiple zones. The Company is also in the process of wrapping up a DasVision Induced Polarization (IP) survey over exploration targets designed to provide insight at depths of +800m to get a handle on structural controls, and allow for 3D inversions and integration into its exploration model. The Company is targeting a ~2 km x 1.5 km area of complex alteration that has incredible gold endowment throughout; multiple occurrences have been discerned with many rock grab samples assaying >1.0g/t Au up to 16.2 g/t Au. There is anomalous gold everywhere; e.g. of 299 samples taken last summer across the project only 5 had no gold, and when >1 g/t Au samples are overlaid across the claim map many untested and underexplored areas are apparent -- White Metal Resources Corp. is highly prospective for major gold discovery.

 

 

Figure 1. (above) Tower Stock Gold Project past drilling & mineralized zones and inset location map (note the impressive large swaths of quality mineralization; e.g., TM-04-03: 19.5 m of 47.22 g/t Au at 64.5 m, including 1.5 m of 588.89 g/t Au at 73.5 m. The project is in a stable mining-friendly jurisdiction, in a geological greenstone belt setting with proximal past gold producers and several gold deposits, and near the port city of Thunder Bay, surrounded by excellent infrastructure.

 

Exploration updates on Tower Stock Gold Project;

 

From Company release dated March 15, 2021 entitled White Metal Provides Update on Drilling Program and Options Strategically Located Patent, Tower Stock Gold Project, Ontario; White Metal has has completed 1,500 m of diamond drilling in 7 drill holes, with a total of 557 core samples submitted to Activation Laboratories in Thunder Bay, Ontario.

 

From Company release dated March 4, 2021 entitled White Metal Reports on Exploration Progress and Provides Corporate Update: "The first phase of the approximately 4,000 m diamond drilling program is well underway with five holes completed to date. The Company has also submitted 200 core samples to Activation Laboratories in Thunder Bay for analysis. In addition, the Company is nearing completion of the Abitibi Geophysics’ DasVision Induced Polarization (IP) survey, designed for deep mineral exploration up to 1,000 m depth. The survey, which is covering the Company’s main exploration targets that include the U-V Zone and the Bench Zone, will allow for 3D inversions and integration into our existing exploration model. The results of this survey will help to generate additional future prospecting and drill targets and also assist in delineating even deeper targets. Results from both the ongoing drilling program and geophysical survey will be reported as they are received, compiled and interpreted." [See a more detailed overview of the Tower Project further below in this article]

 

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Major project #2) 95%-owned Okahongo (Tarnis Deposit) Copper-Silver Project situated within the Kaoko Belt of northwest Namibia about 700 km northwest of Windhoek, is hosted by metasedimentary stratigraphy and is considered to be analogous with the stratiform sediment-hosted Central African Copperbelt (CAC) deposits of Zambia and the Democratic Republic of the Congo. White Metal's Okohongo deposit contains historical Inferred Mineral Resources of 10.2 million tonnes grading 1.12% Cu and 17.75 g/t Ag, using a 0.3% Cu cut-off (INV Metals Inc. NI 43-101 Technical Report, Effective Date March 31, 2011). This February-2021 White Metal Resources Inc. completed a 28 hole, 3,622 m drilling program and is now proceeding to bring the historical resource to NI 43-101 compliance and produce a technical report on the Okohongo Cu-Ag Deposit (expected Q2-2021). With both copper and silver now in favour as desirable elements for the modern/future electrical economy, the Taranis Cu-Ag Deposit resource alone justifies a sizeable marketcap for WHM.V beyond the current. The Taranis Deposit is apt to attract suitors looking to option the project from White Metal Resources and take advantage of the large exploration expansion potential to build on the coming resource.

 

[click to view PDF corporate overview on Okahongo / Tarnis Deposit]

 

● See April 8, 2021 related exploration update news "White Metal Reports 45 Metres Grading 2.02% Cu and 33 g/t Ag from Second Set of RC Drill Hole Results, Taranis Copper-Silver Project, Namibia".

 

● See March 23, 2021 related exploration update news "White Metal Reports 1.54% Cu and 36 g/t Ag over 31 Metres from the Taranis Copper-Silver Project, Namibia".

 

Figure 2. (left) Location of Okohongo (Dorwit is shown too, Dorwit is a project WHM.V has optioned out under JV already), the regional copperbelts are shaded in yellow.

- See a more detailed overview of the Okohongo Tarnis Deposit further below in this article.

 

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#3) White Metal's Project-Generator portfolio of Joint Ventures -- the following are projects White Metal has optioned-out and are being advanced by others mining companies carrying the risk/cost:

 
a) DorWit (JV) Copper-Silver Project, Namibia: Option Partner, Noronex, is currently earning up to a 70% equity interest (with an option to acquire up to 95-100%). WHM.V received cash and shares and retains 25% ownership up to the partners earn in phase of the agreement. Located in the Kalahari Copper Belt, six historical copper deposits occur within these three licences along with other zones with anomalous copper in historical drill core intercepts which the Company believes can be expanded upon through future exploration. Exploration update: Excerpt from March 4, 2021 news release "(“Noronex”), has recently commenced an airborne electromagnetic (“EM”) geophysical survey over DorWit (see Noronex news release dated 12 January 2021). The EM survey is the first ever state-of-the-art airborne survey to be undertaken within the DorWit area. The use of the significantly improved modern technology and geophysical interpretation is intended to generate new exploration targets to expand on the 150,000 m of historical reverse circulation and diamond drilling that has already identified numerous sedimentary hosted Cu-Ag deposits. Noronex is also expecting to update the historical JORC Code 2012 mineral resource estimates which is currently being completed by MSA Group, with initial results expected soon." [click to view PDF corporate presentation on DorWit]

 
b) Startrek (JV) Au-Sb Project “Epithermal Gold” Newfoundland: Option Partner, 1259542 BC Ltd, can earn up to a 70% interest, [click to view PDF corporate presentation of Startrek], [click to view White Metal's web page on Startrek]. Note: The area has heated-up dramatically of late as other gold mining companies near Startrek have released impressive headline gold results (e.g. Queensway Property of NewFound Gold, and Moosehead Gold Project of Sokoman).

 
c) Far Lake (JV) Copper-Silver Project Shebandowan Area, Northwestern Ontario: In May 2020, WHM.V signed a letter of intent with Benton Resources Inc. (“Benton”) pursuant to which Benton may earn up to a 70% interest by paying the Company $205,000 ($25,000 received), issuing to the Company 1.6 million Benton common shares (300,000 received), and completing $1 million of exploration expenditures at Far Lake over a period of four years. Far Lake, located about 75 km northwest of the port city of Thunder Bay and north of the Shebandowan Greenstone Belt. Benton has recently commenced its second phase of drilling at Far Lake [click to view March 4, 2021 Exploration Update]  [click to view corporate presentation on Far Lake]  [click to view White Metal's web page on Far Lake]  [click to view Benton Resources' overview of Far Lake -- Note: Benton Resources lists Far Lake as its "Flagship" project].

 

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#4)  White Metal's Project-Generator portfolio of properties available for Option (in Ontario, Canada) -- White Metal Resources owns a sizeable portfolio of high-value projects in Ontario that are currently available for Option:

 
a) Vanguard East and West Cu-Zn-Au-Ag Project & Iris -- Available for Option: Located about 150 km west of the port city of Thunder Bay and situated in the Shebandowan Greenstone Belt. The Vanguard West deposit consists of a historical mineral resource (non-43-101 compliant) containing 200,000 tons at 1.36% Cu, 1.5% Zn and 8.6 g/t Ag. The Vanguard East deposit consists of a historical mineral resource (non-43-101 compliant) containing 1.8% copper, 4.55% Zn, 6.8 g/t Ag and 5.0 g/t Au. [click to view related corporate presentation]

  

b) Seagull Lake PGE-Cu-Ni Project -- Available for Option: Located approximately 100 km north of the port city of Thunder Bay, about 50 km south of Impala Canada’s Lac des Iles Mine (previously North American Palladium), and about 28 km north of the Clean Air Metals Inc. Cu-Ni-PGE projects, previous discoveries made by Rio Tinto and Panoramic Resources (previously Magma Metals). The Seagull covers the Seagull Lake Intrusion (“SLI”), a 10 km diameter, circular intrusive situated in the Nipigon Plate. The Nipigon Plate area has been compared to the Noril'sk Region of Siberia, Russia, and is considered to be highly prospective for the discovery of new Cu-Ni-PGE deposits. Three styles of PGE mineralization have been identified in the SLI: (1) near surface, PGE-rich detrital “black sands”; (2) magnetite associated, PGE-rich layers or “reef-type”; and, (3) sulphide associated, basal Cu-Ni-PGE mineralization, interpreted as “Noril’sk-type”. Although the detrital and reef-type mineralization was the first style known in the SLI, the discovery of Noril’sk-type Cu-Ni-PGE sulphide mineralization became the focus for subsequent exploration programs, which reported from diamond drilling 3.6 g/t Pt+Pd, 0.34% Cu and 0.21% Ni over 2.1 m and 1.04 g/t Pt+Pd, 0.14% Cu and 0.16% Ni over 16.0 m (from Pettigrew, 2002). The SLI also contains anomalous concentrations of additional platinum group elements rhodium, iridium, osmium, and ruthenium. [click to view related corporate presentation]

 

c) Pen Au Property -- Available for Option: The Peninsula Gold Property is located ~275 km east of Thunder Bay in the Geraldton Beardmore Greenstone Belt, near Canterra Gold/Premier Gold Mines Hard Rock Deposit. [click to view related corporate presentation]

 
d) Umex Cu, Ni, PGE, Ag Property -- Available for Option: Located in the Pickle Lake Greenstone Belt [click to view related corporate presentation].

 

Figures 3, 4, 5 (below) -- Location maps showing all assets of White Metal:

 

Ontario Properties

Tower Stock Gold Property, Far Lake (JV), & others

Newfoundland

Startrek Property (JV)

Namibia Properties

95%-Owned Okohongo & Dorwit (JV)

 

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Below is a closer look at the two main projects that White Metal Resources is advancing on its own.

 

Tower Stock Gold Project, Ontario -- 100%-Owned,

Located in Conmee Township, ~45 km west-northwest of the port city of Thunder Bay, Ontario.

 

Multi-million ounce gold potential: The Tower Stock Gold System is classified as a syenite-associated disseminated gold deposit type similar to deposits in the Kirkland Lake and Malartic gold camps, and the Young-Davidson Mine (Alamos Gold).

 

Consists of 126 unpatented mining claims and 157 ha of patented lands, covering in total about 1 944 hectares (19.44 square km). [figures are prior to March 15, 2021 land package increase]

 

Under the terms of the Agreement, White Metal has the option to acquire 100% of the Project subject to a 2.5% underlying royalty on some of the claims comprising the Property by issuing to the Optionor 1,200,000 common shares of the Company and making cash payments totalling $145,000 over a period of three (3) years. White Metal increased the size of the land package in October-2020 with the addition of the Lee Patent, strategically located immediately west of the Bench Zone and south of the U-V Gold Deposit to the north and covers the historical “A-Zone”. The land package was yet again increased with the Anderson Patent agreement, and the Nichols Patent agreement.

 

Historical Resource Estimation

 

 

Table 1. (above) Summary of Historical Resource Estimation -- source: Independent Mineral Resource Estimation, Tower Mountain Gold Deposit, ValGold Resources Ltd.; Prepared by Caracle Creek International Consulting Inc. and Clark Exploration Consulting Inc., Effective February 9, 2006. ​A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources. White Metal is not treating the historical estimate as current mineral resources.

 

Additional note regarding the resource: With at least 2 km of potential strike between the U-V Zone gold deposit in the northwest and the last recorded exploration drilling (TM-07-58: 6.0m @ 5.42 g/t Au) to the southeast, the Company believes there is ample opportunity to build high-grade gold resources through in-fill drilling, to expand current mineral resources through drilling, and to make new discoveries.

 

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Click to see video presentation on Tower Stock Gold Project

Video presentation (above) on White Metal Resources' Tower Stock Gold Project [running time 4 min. 36 sec.] Source: PDAC March 8, 2021

 

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Location  

 

Figure 6. (above) Location map, inset picture of staging area on project.

 ● Less then 1 km from highway & railway connecting to all of Canada and USA.
 ● Great access within the property boundary with many trails and roads.
 ● Port city of Thunder Bay less than 45 km with access to Saint Lawrence Seaway.

 

Major Mineral Deposits in the Area -- Favourable Geology

 

 

Figure 7. (above) Area mineral deposits and historical past producing mines.

 

Geology

 

Gold mineralization occurs in volcanic and sedimentary rocks and syenite intrusive rocks associated with the Tower Mountain Intrusive Complex (TMIC).
 

Classified as a syenite-associated disseminated gold deposit type similar to deposits in the Kirkland Lake and Malartic gold camps, and the Young-Davidson Mine (Alamos Gold).
 

Pyrite is the main sulphide mineral and is generally an indication of anomalous levels of gold.
 

Gold mineralization usually controlled by volcanic flows, tuffs and breccias, feldspar porphyries, polymictic conglomerates, syenites and brecciated syenites .
 

Pyrite concentrations from trace-1% to a maximum of 15% and sometimes associated with Quartz-carbonate ± tourmaline veinlets carry substantial amount of pyrite, whereas quartz and tourmaline with concentrations of pyrite can form the matrix of intrusive breccias.

 

Figure 8. (right) Alteration and mineralization from the G Zone of Tower Stock Gold Project. There is very little veining that occurs in Tower Stock gold system, the syenite-associated disseminated gold system is broad, and there is anomalous gold throughout the project.

 

Geological comparisons in terms of potential as these have similar geology to White Metal's Tower Stock Gold Project:

 

Comparison 1) Young Davidson Mine (Alamos Gold)

 

Syenite-hosted Young-Davidson gold deposit is located at the western extension of the Cadillac-Larder-Lake deformation zone (CLLDZ), southwest of Kirkland Lake, in the southern Abitibi Greenstone Belt, Ontario, Canada.

Gold predominantly hosted by syenite, and to a lesser extent by Timiskaming sedimentary rocks and mafic volcanic rocks in veins and/or small pervasively altered shear zones.

Underground Resources are ~14.6Mt (Measured and Indicated) at average grade of 2.03 g/t Au.

Underground Reserves of ~39.1Mt (proven and probable) at an average grade of 2.79 g/t Au.

Structurally controlled mineralization present within fault zones within syenite intrusion and adjacent to its margins.

 

Figure 9. (left) Diagram of intrusive at Young Davidson.

Comparison 2) Beattie Gold Deposit

Syenite-associated Beattie Gold Deposit contains Measured and Indicated Resources of 60.9Mt at 1.59 g/t Au and Inferred Resources of 29.7Mt at 1.51 g/t Au – also located in Abitibi Greenstone Belt.

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Click here to view other examples of Syenite-Associated Au Deposits [PDF].

 

Tower Stock Gold Project Highlights

 
​ ● Only a small portion of the Tower Stock Gold Project has been explored.

 
 ● Historical drill core intercepts outlining high-grade and low-grade gold zones.

 
 ● Room to expand on a multitude of targets over 2 km strike length.

 

 ● Host to a variety of gold, sulphide and oxide mineralization found in all Timiskaminglike rocks, particularly in proximity to the TMIC contact aureole.

 
 ● Multiple occurrences have been discerned with many grab samples assaying >1.0 g/t Au up to 16.2 g/t Au.

 
 ● Potential to host low-grade, bulk tonnage gold mineralization and high-grade veinhosted gold mineralization.

 
 ● Numerous drill holes ended in gold mineralization...

 

Table 2. (above) Summary of drill holes that terminated in gold mineralization (hosted by volcanic rocks)

 

Gold intercepts South of the Bench Zone: TM-07-56: 58.2 g/t Au over 1.5 m & TM-07-58: 5.4 g/t Au over 6.0 m – (Below the Bench Zone)
 

 

 
Figure 10. (above) Tower Stock Gold Project past drilling & mineralized zones

 

2020 Sample Program

 

 

Figure 11. (above) 2020 sample program observations

 

 

Figure 12. (above) Target Area and Highlights of 2020 Sample Program

 

 

Figure 13. (above) Areas of Chargability and Targets for further Exploration. Historically most drilling occurred along the edge of the intrusive in select areas, however the entire area is actually highly prospective and underexplored.

 

Current exploration program

 

4000 m drill program began on January-2021;

 

● See March 15, 2021 - White Metal Provides Update on Drilling Program and Options Strategically Located Patent, Tower Stock Gold Project, Ontario

 

● See March 4, 2021 - White Metal Reports on Exploration Progress and Provides Corporate Update

 

● See February 24, 2021 release - White Metal Provides Update on Drilling at the Tower Stock Gold Project, Ontario

 

Look for holes being drilled in the following zones in this campaign: H Zone, UV Zone, 4-36 Zone (volcanic breccia), K Zone, Bench Zone, Creek Zone, T Zone, A Zone. The project has been drilled on and off for the last 30 years by past operators, however this is White Metal Resources maiden drill program since acquiring. Look for White Metal to accomplish a range of objectives; get a lay of the land, affirm theories of some previously untested and underexplored zones, build on quality intercepts in others, and set the stage for proving the big multi-million ounce potential many experts acknowledge is possible.

 

It is not uncommon for some of the biggest exploration finds of the past century to have beginnings similar to what White Metal is facing now; most success stories come after a property has changed hands several times, receiving the benefit of keen fresh insight -- click here to see a PDF presentation of how Eskay Creek was discovered via Murray Pezim, after 55 years of past operators.

 

1,095 core samples submitted to Activation Laboratories in Thunder Bay -- results pending.

  

Abitibi Geophysics’ DasVision Induced Polarization (IP) survey -- nearing completion, report expected within a couple weeks thereafter.

 

Figure 14. (above) DasVision advantages and area expected to be surveyed.

 

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Okahongo (Tarnis Deposit) Copper-Silver Project, Namibia -- 95%-Owned

 

See latest Tarnis Deposit exploration update April 8, 2021: "White Metal Reports 45 Metres Grading 2.02% Cu and 33 g/t Ag from Second Set of RC Drill Hole Results, Taranis Copper-Silver Project, Namibia".

 

Location

 

Figure 15. (above) Country location map

 

Namibia and its Mining Sector - In short Namibia is one of the few places in Africa that is considered a safe, stable, mining-friendly jurisdiction.

 

OVERVIEW:
Namibia has a stable multi-party democracy with a history of free elections since independence from South Africa in 1990. The Namibian constitution and its political leaders promote and encourage foreign investment.
 

The country has a well established mining act and an independent legal system. Mining is the largest revenue contributor to Namibia's economy, and is a valued industry by the Namibian government and people.
 

Chamber of Mines for Namibia are well organized and speak for the Industry.
 

Namibia’s mining sector is dominated by the production of uranium, gold, diamonds and lead but exploration and development in copper is growing with companies from Australia, the UK and Canada looking at re-opening of copper mines closed since 2008.

 

Namibia’s Infrastructure
 

City of Windhoek: Capital of Namibia; social, economic, political, and cultural centre of the country.
 

Roadways: From the capital city of Windhoek, the Property is accessed by a paved two lane highway to the town of Opuwo, the nearest population centre. From Opuwo, well-maintained gravel roads (C43 and D3710) lead south along the eastern and western boundaries of EPL 7071.

 

African Copperbelts of Africa and Selected Mines

 

 

Figure 16. (above) African Copperbelts of Africa and Selected Mines

 

Central African Copperbelt
 

The Central African Copperbelt (CAC) is the largest and most prolific mineralized sediment-hosted copper province known on Earth.
 

The CAC is host to numerous operating mines and has been worked continuously for the last century.
 

The CAC has been estimated to host over 5 billion tonnes of copper ore with grades up to 4% Cu.
 

Many similarities between the Kaoko Copperbelt and Kalahari Copperbelt in Namibia and the CAC.
 

Ongopolo Mine (Previously the Tsumeb Mine) in Namibia produced about 30 million tons of ore yielding 1.7Mt copper at 4.3% Cu between 1905 and 1996.
 

Okohongo Copper Project
 

Located in the Kunene Region of northwestern Namibia, Kaoko Copperbelt

 

 

Figure 17. (above) Okohongo Copper-Silver Project location map.

 

Okohongo Project: Property Description
 

● EPL 7071 (Taranis Agreement)
 

● Property extends approximately 11.4 km in an east-west direction and 25.5 km in a north-south direction.
 

● Covers 198 square kilometres.

 

 

Figure 18. (above) Claim boundaries, Taranis (Okohongo) Project EPL7071.

 

 

Figure 19. (above) Okohongo Copper-Silver Deposit Topography

 

Deposit: Geology and Drill Holes

 

 

The dominant host to the mineralization is a siltstone unit within the Lower Omao Formation with dolostones adjacent to the siltstone as a subsidiary host.

Property is part of Kaoko Copperbelt.

Okohongo Deposit is open to the north, south and at depth.

Other copper targets on Property to be followed up.

 

Figure 20. (left) Geology and Historical Drill Holes

 

Okohongo Copper-Silver Resources (Grade Sensitivity)

 

 

Table 3. (above) Grade sensitivity analysis for mineral resource estimation completed to NI 43-101 standards in 2011 for INV Metals Inc. by Caracle Creek International Consulting (Pty) Limited, South Africa.

 

Table 4a. (above) Initial assays from re-sampled historical drill core and RC chip samples from new drilling program targeting the Okohongo Cu-Ag Deposit. Source: March 23, 2021 press release.

 

Table 4b. (above) RC chip sample assays from the second set of drill holes, Okohongo Cu-Ag Deposit, Namibia. Source: April 8, 2021 press release.

 

Cu Mineralization Zonation: Section Looking North

 

Figure 21. (above) Cu Mineralization Zonation: Section Looking North
 

Okohongo Drill Hole Section: Looking North

 

 

Figure 22. (above) Okohongo Drill Hole Section: Looking North (2011).
 

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Below is a listing of recent Company news, CV's of key people, and additional insight on White Metal Resources Corp.

 

     Content found herein is not investment advice see Terms of Use, Disclosure & Disclaimer

  

 

Recent news releases regarding Company accomplishments and operational developments:

 

April 8, 2021: White Metal Reports 45 Metres Grading 2.02% Cu and 33 g/t Ag from Second Set of RC Drill Hole Results, Taranis Copper-Silver Project, Namibia

 

March 23, 2021: White Metal Reports 1.54% Cu and 36 g/t Ag over 31 Metres from the Taranis Copper-Silver Project, Namibia

 

March 15, 2021: White Metal Provides Update on Drilling Program and Options Strategically Located Patent, Tower Stock Gold Project, Ontario

 

March 4, 2021: White Metal Reports on Exploration Progress and Provides Corporate Update

 

February 24, 2021: White Metal Provides Update on Drilling at the Tower Stock Gold Project, Ontario

 

February 22, 2021: White Metal Receives Approval and Closes $2.273 Million Non-Brokered Private Placement of Flow-Through and Non-Flow Through Units

 

February 18, 2021: White Metal Completes Drilling Program at the Taranis Copper-Silver Project, Namibia

 

February 17, 2021: White Metal Initiates DasVision IP Survey and Begins Drilling on the Tower Stock Gold Project, Ontario

 

February 9, 2021: White Metal Provides Update on Drilling Program on the Taranis Copper-Silver Project, Namibia

 

February 5, 2021: WHITE METAL ANNOUNCES INCREASE TO PRIVATE PLACEMENT FINANCING

 

February 2, 2021: White Metal Initiates Drilling Program and Completes Option on Strategically Located Patent, Tower Stock Gold Project, Ontario

 

January 19, 2021: White Metal Receives Update from Benton Resources on Exploration Results at Far Lake Project, Ontario

 

January 18, 2021: White Metal Initiates Drilling Program on its Tower Stock Gold Project, Ontario and Announces Non-Brokered Private Placement 

 


White Metal Resources' Technical Leadership, Management, and Governance  Skip to top

The current management team and board of directors has a well rounded combination of people that each contribute expertise in disciplines necessary for a successful mining entity:

 

Michael (Mick) Stares – President, CEO

Michael is a successful entrepreneur and has been involved in the mining exploration business for the past 35 years. He started his career working as a prospector with Noranda Exploration in the early 1980s. Michael is co-owner of Stares Contracting Corp., an exploration services company, which he has successfully managed for the past 20 years. In March of 2007, Michael along with the rest of the Stares/Keats family, were the proud recipients of the Prospectors and Developers Association of Canada (PDAC), "Bill Dennis Prospector of the Year Award". This award was given to recognize the family's contributions to the mining industry over the past +40 years. Through Stares Contracting in 2009, Michael was hired By Canada Chrome Corporation to claim stake the “Ring Of Fire” road route. The route started in the town of Nakina, Ontario and ended at the “Ring of Fire” 350km north, which took just over a year to complete. Michael has served on the board of several junior mining companies and at present is a director of Metals Creek Resources Corp. and Benton Resources Inc. In 2009, Michael along with his brother Stephen, started Rare Earth Metals Inc. where he served as President and CEO for three years. Michael, along with his brother Stephen, have been responsible for generating millions of dollars being spent on various projects throughout Canada over the course of their careers. Michael is excited to share the knowledge that he has gained over the past 30 years to advance White Metal Resources and contribute to the company’s growth now and into the future.

  

Scott Jobin-Bevans, – Vice President Exploration, Director

Dr. Scott Jobin-Bevans has +30 years in the mineral exploration business, including fieldwork, management and administrative duties, research, report writing, presentations, and project finance. Dr. Jobin-Bevans has nearly 20 years of direct experience with public and private companies as an officer, director and technical advisor, and has taken several private companies public. 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). He also has a wide range of exploration experience in most commodities, including magmatic sulfides and PGE mineralization, gold, silver, copper (porphyry) and base metals (VMS). Dr. Jobin-Bevans has an extensive industry and government network and served as president and a director of the Prospectors and Developers Association of Canada (PDAC). Dr. Jobin-Bevans has an extensive industry and government network and served as President (2010-2012) and a Director (2002-2010) of the Prospectors and Developers Association of Canada (PDAC). In 2013, Scott was awarded the Queen Elizabeth Diamond Jubilee Medal in recognition of his significant contribution and achievements as a volunteer in the Canadian minerals industry.

 

Elliot Strashin, – Director, Chairman

Dr. Elliot Strashin graduated from the University of Toronto School of Medicine in 1980 after which he practiced in the community of Elliot Lake. It was during his tenure in Northern Ontario that he began prospecting and staking mineral claims. From 1996-2001 he served as a director of Maple Minerals Inc. In April of 1999 he joined the board of Canadian Golden Dragon Resources Ltd. as Secretary and became President and C.E.O. in January of 2000. He continued to serve as an officer of the corporation through its time as Trillium North Minerals Ltd., until June of 2014 when it became White Metal Resources Inc. ​Dr Strashin is also a member of the board for other public and private companies involved in various green technologies.

 

Alexander (Sandy) Stares, – Director

Alexander “Sandy” Stares comes from a family with a long line of prospectors. He has in excess of 25 years experience in mineral exploration, spanning a variety of Canadian geological terranes, from Newfoundland to Yukon. He has also completed several tours prospecting in Indonesia and Mexico. He was instrumental in the discovery of the H-Pond Gold Prospect and the Lost Pond Uranium Prospect. He also discovered numerous major mineral occurrences in Canada and abroad which have been the subject of extensive exploration programs. Sandy is also President and CEO and a Director of Metals Creek Resources Corp. (TSX-V : MEK), a Director of Leocor Gold Inc (CSE-LECR) and a Director of the Qalipu Development Corporation. In February 2013, Sandy was awarded the Queen Elizabeth II Diamond Jubilee Medal for his dedication to his Peers, Community, Canada and the Prospecting Community. He was also one of the recipients of the PDAC “Bill Dennis Prospector of the Year” Award in March 2007, which was awarded to members of the Stares/Keats family. Prior to his exploration career, Mr. Stares served in the Canadian Air Force for 15 years and was awarded the Deputy Commander in Chief of NORAD “Certificate of Achievement” Award for exceptional performance.

  

Jean-Pierre Colin, – Director

Jean-Pierre Colin DCS, LL.L, MBA, is a corporate strategy consultant to h​igh-growth publicly-listed mining companies. He has been an effective mining executive and securities industry professional. Over 3 decades, Mr. Colin’s investment banking background has extended to firms such as Richardson Greenshields, JP Colin Securities, Deacon Capital, Octagon Capital and Desjardins Securities where he provided corporate financing and mergers & acquisitions services to hundreds of prosperous mining issuers. Mr. Colin co-founded and managed the highly successful NIM group of mining funds in the 1980's and the Caratax mining funds of the 1990's, which collectively managed a portfolio of over $750,000,000 of flow through shares and invested in over 200 junior mining companies in Canada. Mr. Colin is also a director of dynaCERT Inc., listed on the TSX, Sego Resources Inc., listed on the TSX Venture Exchange, and formerly served as director of Premier Gold Mines; Wolfden Resources (sold to Zinifex for over $350 million); Virginia Gold (whose Eleonore property was sold to Goldcorp for over $ 1 billion); and, Pelangio Mines. He was the initiator and a founding shareholder of Detour Gold, one of Eastern Canada's largest gold mining operations.

 

Nikolaos (Nick) S. Tsimidis, – Chief Financial Officer

Nikolaos (Nick) S. Tsimidis. Nick is an entrepreneur and a specialist in the financial aspects of real estate investments. He graduated with a Bachelor of Commerce from the University of Toronto in 1987. Upon graduation, he spent 6 years at KPMG in the audit department providing services to a variety of clients. In September 1993, Nick left KPMG to set up his own chartered accounting firm, focusing on tax and financial planning. Nick is the CFO and the Principal Broker for Union Capital Management Inc. (a mortgage broker) and the CFO of Haven Property Development Inc. (a real estate development firm operating in the Greater Toronto Area). He has been intimately involved with mortgage origination and real estate development projects. Nick is also the chief financial officer and a director of Metals Creek Resources Corp. (TSXV: MEK) and Bold Stroke Ventures (TSX:BSV.P) a capital pool corporation.

 

 

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Note: This article is not intended to be a complete overview of White Metal Resources Corp. or a complete listing of White Metal's projects. Mining MarketWatch urges the reader to contact the subject company and has identified the following sources for information:

 

For more information contact White Metal Resources' head office at: PH (807) 358-2420

 

Company's web site: www.whitemetalres.com   SEDAR Filings: URL

 

 

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