hit
counter

Mining Market Watch Journal

 

Sector Insight & Corporate Overviews

 

of Quality Mining Companies

O Free Newsletter/Membership

Name:

Email:

 

 

 

 O Home Page   O About Us   O Stock Quotes & Research   O Upcoming Sector Events   O Mining Organizations & Schools   O Mining Terms - Glossary  O What is NI-43-101?

Feature article August 17, 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:  126,724,750

 Recently Traded: ~CDN$0.09/share (TSX-V: WHM)

 52 Week High/Low: $0.17/ 0.05

 Current Market Cap.: ~$12 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 recently 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$12M (126,724,750 shares trading near ~C$0.09). 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 has 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.

 

------ ------ ------      ------ ------ ------      ------ ------ ------

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) Recently Optioned Tower Stock Gold Project 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 company recently completed an ~4,000 m drilling program on multiple zones (see exploration updates below, the technical team appears dialled-in having discovering a new gold zone right off the bat), and has embarked upon a new ~3,000 m drill program this July-2021 initially focussing on the newly discovered gold bearing Ellen Zone. The Company also this 2021 conducted a DasVision Induced Polarization (IP) survey over exploration targets, the survey was 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 1a. (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., and numerous drill holes ended in gold mineralization.) 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;

 

● See July 21, 2021 news White Metal Completes Initial Three Drill Holes on Tower Stock Gold Project, Ontario; 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 1b (above) - Tower Stock Gold Project - current Phase 2 Drilling seen as red dots.

  

● See Michael Stares, President and CEO of White Metal, commented, “I am very pleased to start this second round of drilling and equally as excited to be drilling the newly discovered Ellen Zone. Also we have numerous other great targets that have been selected to drill test from recently completed DASVISION IP Survey and the 3D magnetic interpolation. The drilling program will also be focused on untested areas of the Bench Zone which have separations in drilling of up to 75 to 100 metres and as a result a considerable amount of detailed drilling is required. Another key aspect of the drilling program will be to test the possibility that the U-V Zone, Ellen Zone and the Bench Zone all connect to the south D Zone, which will give the gold zone a and aggregate 1.5 km strike length. The H Zone will also be drill tested to see if the gold mineralization does indeed dip 60 degrees to the southwest as suspected from the results of last winter’s drilling program. I look forward to getting the core to the lab and reporting the assay results to our shareholders.

 

See May 13, 2021 Company release entitled White Metal 3D-IP Geophysical Survey Correlates with New Ellen Zone Gold Discovery and Provides Multiple Targets for Phase 2 Drilling Program at Tower Stock Gold Project, Ontario; The 3D-IP survey revealed a number of anomalies with the most notable anomaly, TS-02, encompassing the area of the newly discovered Ellen Zone (see Company news release dated April 20, 2021). This anomaly exhibits a broad arcuate shape covering approximately 750 x 300 metres and appears to flank the western edge of the Tower Mountain Intrusive Complex (“TMIC”). It can be traced as far north as the southeast end of the U-V Zone and encompasses the A Zone and the Bench Zone to the south and east, respectively. The Ellen Zone appears to flank the western edge of the IP anomaly and results returned from drill hole TM-21-94 and a number of gold-bearing surface samples, suggests a direct correlation with gold mineralization. This anomaly also correlates with a high gold index according to the interpretation completed by Abitibi (Gold Index = (chargeability2 x resistivity) / 1000). The TS-02 anomaly is ranked as a high priority target due to the inclusion and proximity of known gold occurrences and will require extensive surface work and follow up drilling. Another high priority anomaly, TS-04, is located about 300 metres northeast of the eastern end of the U-V Zone, exhibiting a combination of high changeability/resistivity and is traceable for about 1 km to the southeast. The northern extent of the anomaly underlies the area of historical diamond drill hole TM-02-05, completed by ValGold Resources Ltd., which intersected 6.0 metres grading 2.4 g/t Au.

 

The following is a synopsis of Phase 1 drilling highlights, from the Company release dated May 11, 2021 entitled White Metal Expands Bench Zone, Extends Strike Potential to 2.1 km and Plans for Additional Drilling at the Tower Stock Gold Project, Ontario; the Company has received the final gold assay results from the Phase 1 2021 winter drilling program. Core assays from the 2021 drilling program clearly indicate the excellent potential for the Tower Stock Gold Project (the” Project” or the “Property”), which in addition to historical core assays show a broad horizon of low grade gold mineralization that spans for over 2.1 kilometres. The Company also sees great potential for high grade gold shoots within the broad intercepts of lower grade gold mineralization, such as those recorded in recently announced drill hole TM-21-94 from the newly discovered Ellen Zone (see Company news release dated April 20, 2021). The Property covers approximately 1,968 hectares and is located about 40 km west-northwest of the port city of Thunder Bay, Ontario.

 
​The 2021 winter drilling program has further substantiated the Property’s potential and as a result the Company is planning a follow-up drilling program to further test the large tonnage potential of the low grade gold zones and to determine the extent of prospective higher grade gold zones. It is very important to note that the alteration associated with lower grade gold mineralization is intense, pervasive and shows good continuity, suggesting there is not only excellent potential to find higher grade zones at surface but also at depth. Results from the recently completed Abitibi Geophysics’ DasVision Induced Polarization (“IP”) survey also supports this interpretation. Further data and information on the Tower Stock Gold Project can be found at www.whitemetalres.com.

Highlights from the 2021 Phase 1 drilling program and recently completed IP geophysical survey include:

  • Confirmation of low grade gold mineralization within an intense and pervasive alteration zone, extending over 2 km along strike;

  • Discovery of the Ellen Zone, a new high grade gold zone, reporting 1.7 g/t Au over 82.50 m including 3.0 g/t Au over 45 m (TM-21-94: 10.00 to 92.50 m), and open in all directions;

  • Excellent correlation between the Ellen Zone discovery and priority anomaly “TS-02” from the DasVision IP survey;

  • DasVision IP survey outlined numerous new targets for follow-up prospecting, trenching and drilling;

  • Drill hole TM-21-95 extended the historical Bench Zone to the south by a minimum of 75 metres;

  • Compilation of all historical data and completion of the DasVision IP survey provide excellent drill targets within “gaps” between gold zones that are up to 500 m in strike; and

  • The highly prospective H Zone requires re-mapping and additional drilling to test the new interpretation that this zone dips to the southeast at 50-60 degrees.

Michael Stares, President and CEO of White Metal, commented, “I have never seen such an extensive system of gold mineralization covering such a large area. Including the 800+ metre gold zone, we now have approximately 2.1 km of aggregate strike length that will require substantial drilling. Additionally, it should be noted that drill hole TM-07-58, which assayed 5.41 g/t Au over 6 m and is located about 450 m south of drill hole TM-21-95, the most southerly hole of the 2021 drilling program, has not seen any recent work. Therefore, exploration crews will be mobilized later this month to evaluate this area in more detail. There is still a lot of work that needs to be done, including detailed prospecting and mapping, but most importantly infill drilling to further explore for the higher grade sections within the principal gold zones. I look forward to reporting our progress to our shareholders when news becomes available”.

  

The following image is from the Company release dated April 20, 2021 entitled White Metal Drills New Gold Zone Discovery Yielding 82.5 Metres of 1.7 g/t Au, Including 45 Metres of 3.0 g/t Au at the Tower Stock Gold Project, Ontario. The Company announced a new Zone discovery (called the Ellen Zone) and also reported additional results from diamond drill holes targeting expansion of historical zones and new target areas determined from the fall 2020 prospecting program. The new Ellen Zone gold discovery (hole TM-21-94) is located about 340 metres south of the U-V Zone and about 300 metres north of the Bench Zone. The area of the new discovery has seen no historical drilling and is open in all directions.

 

 

Figure 1c. (above) Location map of new discovery zone, named the 'Ellen Zone', is located in between the main gold zones in an area of no previous drilling. This new new gold zone discovery affirms the technical teams improved understanding of the deposit and potential to build serious gold ounces quickly.

 

------ ------ ------      ------ ------ ------      ------ ------ ------

 

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 imminently). 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. The June 1, 2021 release "White Metal Research Reveals Epunguwe Target Area with Historical Drilling of 1.47% Cu and 11.7 g/t Ag over 27 Metres, Located 5 km North of the Okohongo Cu-Ag Deposit, Namibia" and June 29, 2021 "White Metal Samples 31.8% Cu, 65 g/t Ag, 20% Pb in Rock Grab Samples from the Prospective Epunguwe Area North of the Okohongo Cu-Ag Deposit, Namibia" affirms the large potential to grow the deposit; "these stratiform sedimentary hosted copper systems have a tendency to pinch and swell, and knowing from the historical data that there is a 3 km by half a km wide soil geochemical anomaly in the area of the Epunguwe Target area."

 

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

 

● See May 18, 2021 related exploration update news "White Metal Reports 23.0 Metres of 2.31% Cu, 46.3 g/t Ag Including 4.0 Metres of 4.74% Cu, 65.1 g/t Ag from Final RC Drilling Results, Taranis Copper-Silver Project, Namibia".

 

● 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.

 

------ ------ ------      ------ ------ ------      ------ ------ ------
 

#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. See latest (July 20, 2021) exploration news release entitled "White Metal Partner Noronex Provides Update on Exploration Program at the DorWit Copper-Silver Project, Namibia". Michael Stares, President & CEO of the Company, remarked the following back in May- 2021 “White Metal is delighted to have such a good partner as Noronex working with us in Namibia. Noronex has done some exceptional work to date, including the completion of a heliborne EM survey and especially in tracking down a historical soil geochemical survey, both of which will aid tremendously in advancing the Project. I am excited for the start of the Phase 1 drilling program and look forward to reporting all results to our shareholders. The price of copper and silver remains strong and, as we know, copper is one of the more important “green energy” metals, so I am confident that its value will remain strong for some time to come.” 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].

 

------ ------ ------      ------ ------ ------      ------ ------ ------

 

#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)

 

------ ------ ------      ------ ------ ------      ------ ------ -----
 

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.

 

------ ------ ------      ------ ------ ------      ------ ------ ------

 

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

 

------ ------ ------      ------ ------ ------      ------ ------ ------

  

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

 

Figure 7b. (above) Tower Stock Gold Project with mineralized zones annotated.

 

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.

------ ------ ------

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)
 

 

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

 

● Historical work has defined numerous gold showings on the Tower Mountain Property including the two main Historical areas “UV Zone and the Bench Zone”.

 
● To date there have been an additional 21 gold occurrences found in the TMIC with grab samples assaying >1.0 g/t Au up to 16.2 g/t Au.

 
● Many of these occurrences have seen no recent work.

 
● TMIC has Potential to host low-grade, bulk tonnage gold mineralization and high-grade vein-hosted gold mineralization.

 
● Target area for gold mineralization over diameter greater then 2.5km.

 
● 2021 winter drill program has proven many of these zones can be expanded and identified new areas of gold mineralization for follow up “Ellen Zone” .

 

------ ------ ------

 

Winter 2021

 

Highlights:

● Confirmation of low-grade gold mineralization within an intense and pervasive alteration zone, extending over 2 km along strike;
● Discovery of the Ellen Zone, a new high grade gold zone, reporting 1.7 g/t Au over 82.50 m including 3.0 g/t Au over 45 m (TM-21-94: 10.00 to 92.50 m), and open in all directions;
● Excellent correlation between the Ellen Zone discovery and priority anomaly “TS-02” from the DasVision IP survey;
● DasVision IP survey outlined numerous new targets for follow-up prospecting, trenching and drilling;
● Drill hole TM-21-95 extended the historical Bench Zone to the south by a minimum of 75 metres;


● Compilation of all historical data and completion of the DasVision IP survey provide excellent drill targets within “gaps” between gold zones that are up to 500 m in strike; and
● The highly prospective H Zone requires re-mapping and additional drilling to test the new interpretation that this zone dips to the southeast at 50-60 degrees.

 

Figure 11a. (above) - Areas of focus from winter-2021 program

 

Figure 11b. (above) - UV Zone was an area of focus from winter-2021 program

 

Figure 11c. (above) - The new Ellen Zone was an area of focus from winter-2021 program and is an area of focus for wummer-2021.

 

Figure 11d. (above) - The Bench Zone was an area of focus from winter-2021 program

 

Figure 12. (above) Section D Zone was an area of focus from winter-2021 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 & look at recent exploration news releases

 

2021 Summer Work Program
● Follow up drilling to commence in the areas of the Ellen Zone, D Zone & Bench Zone.
● Property Scale detailed mapping, prospecting, trenching, including the newly acquired Nichols and Anderson patent.
● Mapping & Prospecting on targets outlined by DASVISION IP survey.
● 3D inversion modelling, including GIS compilation merging of other geophysical and geological data, and 3D inversion modelling of other.

  

 

~3000 m drill program began this July-2021

 

● See July 21, 2021 news White Metal Completes Initial Three Drill Holes on Tower Stock Gold Project, Ontario.

 

Excerpt copy of July 21, 2021 news release:

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

 
​Thunder Bay, Ontario, July 21, 2021: White Metal Resources Corp. (TSXV: WHM) (FRA: CGK1) (OTCMKTS: TNMLF) (“White Metal” or the “Company”) 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.

Qualified Person
Technical information in this news release has been reviewed and approved by Dr. Scott Jobin-Bevans (P.Geo.), Vice President Exploration and a Director of White Metal, who is a Qualified Person under the definitions established by the NI 43-101.

About White Metal Resources Corp.:
White Metal Resources Corp. is a junior exploration company exploring in Canada and southern Africa. The company’s two key properties are the Flagship Tower Stock Gold Project in Thunder Bay, Ontario, Canada and the Okohongo Copper-Silver Project in Namibia, Africa. For more information about the Company please visit www.whitemetalres.com.
On behalf of the Board of Directors

"Michael Stares"
President & CEO

For further information contact:
Michael Stares
President & CEO
White Metal Resources Corp.
684 Squier Street
Thunder Bay, ON P7B 4A8
Phone: +1 (807) 358-2420

Nancy Massicotte
Investor Relations
White Metal Resources Corp.
Phone: +1 (604) 507-3377
TF: +1 (866) 503-3377
ir@whitemetalres.com

 
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections

 

...click here to view full copy of this release from source

 

------ ------ -----

 

● See July 6, 2021 news White Metal Commences 3,000 Metre Drilling Program on Tower Stock Gold Project, Ontario.

 

Excerpt copy of July 6, 2021 news release:

White Metal Commences 3,000 Metre Drilling Program on Tower Stock Gold Project, Ontario 

 

Thunder Bay, Ontario, July 6, 2021: White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) is pleased to announce it has started its summer drilling program on the Tower Stock Gold Property (the “Property”) which is located about 40 km west-northwest of the port city of Thunder Bay, Ontario and covers approximately 1,968 hectares. The diamond drilling program is expected to take between four and five weeks to complete with a total of 3,000 metres planned.
 

Michael Stares, President and CEO of White Metal, commented, I am very pleased to start this second round of drilling and equally as excited to be drilling the newly discovered Ellen Zone. Also we have numerous other great targets that have been selected to drill test from recently completed DASVISION IP Survey and the 3D magnetic interpolation. The drilling program will also be focused on untested areas of the Bench Zone which have separations in drilling of up to 75 to 100 metres and as a result a considerable amount of detailed drilling is required. Another key aspect of the drilling program will be to test the possibility that the U-V Zone, Ellen Zone and the Bench Zone all connect to the south D Zone, which will give the gold zone a and aggregate 1.5 km strike length. The H Zone will also be drill tested to see if the gold mineralization does indeed dip 60 degrees to the southwest as suspected from the results of last winter’s drilling program. I look forward to getting the core to the lab and reporting the assay results to our shareholders.

 

The newly discovered Ellen Zone, located about 340 metres south of the U-V Zone and about 300 metres north of the Bench Zone, is an area that has seen no historical drilling and is open in all directions. The drilling campaign will be focused on several key areas including:

 

To further test and extend the newly discovered Ellen Zone, as reported from drill hole TM-21-94, which returned 1.7 g/t Au over 82.5 metres, including 3 g/t Au over 45 metres, and including 1.5 metres of 58 g/t Au and 198 g/t Ag (see news release dated April 20, 2021);

  • Tracing the Ellen Zone to the northwest and to the southeast;

  • Extending the Bench Zone both northwest and southeast;

  • Step out holes to follow up on drill hole TM-21-97, which intersected anomalous gold mineralization over nearly its entire 347.71 m length (47% of 229 samples >100 ppb Au, to a maximum of 2.16 g/t Au) and supported the interpretation that the Bench Zone dips 50 to 60 degrees southwest;

  • Confirming the Company’s interpretation that the Bench Zone is open in all directions;

  • Testing the extension of the D Zone, TM-21-95 which returned 0.63 g/t Au over 63.5 metres. This wide intercept of elevated gold mineralization is located

  • 300 metres southeast of TM-21-95 and is thought to be connected to the Bench Zone to the north;

  • Testing up to three IP targets; 1) associated with and proximal to 04-36 Zone which is untested, 2) an extensive anomaly occurring between the U-V and

  • Bench zones and is mostly untested, and 3) an anomaly located in the south extent of the overall target area (E Zone) with one historical hole TM-07-57 that drilled along the west edge of the anomaly and returned 0.37 g/t Au over 79.5 metres; and

  • Testing across a resistivity high which underlies the majority of the Ellen Zone.

Tower Stock Gold Property: Drill Holes, Geophysics, and General Geology


A 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.

Qualified Person
Technical information in this news release has been reviewed and approved by Dr. Scott Jobin-Bevans (P.Geo.), Vice President Exploration and a Director of White Metal, who is a Qualified Person under the definitions established by the NI 43-101.
 
About White Metal Resources Corp.:
White Metal Resources Corp. is a junior exploration company exploring in Canada and southern Africa. The company’s two key properties are the Flagship Tower Stock Gold Project in Thunder Bay, Ontario, Canada and the Okohongo Copper-Silver Project in Namibia, Africa. For more information about the Company please visit www.whitemetalres.com.
 

On behalf of the Board of Directors

"Michael Stares"
President & CEO

For further information contact:
Michael Stares
President & CEO
White Metal Resources Corp.
684 Squier Street
Thunder Bay, ON P7B 4A8
Phone: +1 (807) 358-2420

Nancy Massicotte
Investor Relations
White Metal Resources Corp.
Phone: +1 (604) 507-3377
TF: +1 (866) 503-3377
ir@whitemetalres.com

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections

 

...click here to view full copy of this release from source

 

------ ------ ------

~4000 m drill program that began on January-2021, was recently wrapped up;

 

● May 13, 2021: White Metal 3D-IP Geophysical Survey Correlates with New Ellen Zone Gold Discovery and Provides Multiple Targets for Phase 2 Drilling Program at Tower Stock Gold Project, Ontario

 

Excerpt copy of May 13, 2021 news release:

White Metal 3D-IP Geophysical Survey Correlates with New Ellen Zone Gold Discovery and Provides Multiple Targets for Phase 2 Drilling Program at Tower Stock Gold Project, Ontario

 

Thunder Bay, Ontario, May 13, 2021: White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) is pleased to report that it has received the final report in regards to the DasVision 3D Induced Polarization (“IP”) survey completed by Abitibi Geophysics (“Abitibi”) on the Tower Stock Gold Project (the “Property” or the “Project”). The Property, which until now has not seen any exploration activity for more than eight years, is located about 40 km west-northwest of the port city of Thunder Bay, Ontario and covers approximately 1,968 hectares.

 
​The 3D-IP survey revealed a number of anomalies with the most notable anomaly, TS-02, encompassing the area of the newly discovered Ellen Zone (see Company news release dated April 20, 2021). This anomaly exhibits a broad arcuate shape covering approximately 750 x 300 metres and appears to flank the western edge of the Tower Mountain Intrusive Complex (“TMIC”). It can be traced as far north as the southeast end of the U-V Zone and encompasses the A Zone and the Bench Zone to the south and east, respectively. The Ellen Zone appears to flank the western edge of the IP anomaly and results returned from drill hole TM-21-94 and a number of gold-bearing surface samples, suggests a direct correlation with gold mineralization. This anomaly also correlates with a high gold index according to the interpretation completed by Abitibi (Gold Index = (chargeability2 x resistivity) / 1000). The TS-02 anomaly is ranked as a high priority target due to the inclusion and proximity of known gold occurrences and will require extensive surface work and follow up drilling.

 
Another high priority anomaly, TS-04, is located about 300 metres northeast of the eastern end of the U-V Zone, exhibiting a combination of high changeability/resistivity and is traceable for about 1 km to the southeast. The northern extent of the anomaly underlies the area of historical diamond drill hole TM-02-05, completed by ValGold Resources Ltd., which intersected 6.0 metres grading 2.4 g/t Au.

 

Michael Stares, President and CEO of White Metal, commented, “We are very pleased with the outcome of the 3D-IP survey, it has added to our already expanding data base and will give us additional targets for follow-up in order to explain the sources of the anomalies. It is particularly exciting to see that one of the anomalies, TS-02, covers the area of the new Ellen Zone and I look forward to following up on this particular anomaly. I am very confident that our exploration work will continue to enhance the Property and advance our understanding of the new and known gold targets within the Tower Stock Gold Project”.

 

In fall 2020, White Metal personnel prospected the Ellen Zone area, which is largely covered by overburden, and returned anomalous gold values in rock grab samples ranging from weakly anomalous (>50 ppb Au) to 1300 ppb Au (1.3 g/t Au). Discovery drill hole TM-21-94 was set up approximately 70 metres west of the surface rock grab samples and drilled in a northeast direction at a 60 degrees dip. The dip and strike of the Ellen Zone is not precisely known but based on historical data and information, it is thought that this zone may strike roughly in a southeast-northwest direction.

 

Additional information on the Tower Stock Gold Project can be found at www.whitemetalres.com.

 

The Company also announces that, subject to acceptance for filing by the TSX Venture Exchange, it has retained IR Pro Communications Inc. (“IRPC”) of Vancouver, British Columbia to provide investor relations services. IRPC has over twenty years of experience specializing in a full range of investor relations services representing a wide array of public clients and assisting in broadening their shareholder base.

 

IRPC will be responsible for assisting White Metal with the expansion of its investor relations and corporate communications, including but not limited to, acting in a liaison capacity between the directors and senior officers of the Company, the shareholders and persons registered to trade in securities, dissemination and circulation of news releases and to circulate to investors, at their request, material financial or information documentation of the Company.

 

White Metal and IRPC are at arm’s length and have entered into a written agreement for an initial three month term commencing May 6, 2021. IRPC does not presently have any interest, direct or indirect, in White Metal or its securities. IRPC will receive compensation in the sum of $5,000 per month and will also be granted stock options (“Options”) under White Metal’s incentive stock option plan to purchase up to 100,000 common shares of White Metal’s (“Shares”) at a deemed price to be determined at a later date. The Options are for a term of five years (unless terminated earlier under the plan) and vest in equal quarterly amounts over the first year of the term.

 

A qualified person (“QP”) has not done sufficient enough work to verify the historical assay results and technical information reported herein. All drill hole intersections represent drill core lengths (intervals) and are not true widths.

 

Technical information in this news release has been reviewed and approved by Dr. Scott Jobin-Bevans (P.Geo.), Vice President Exploration and a Director of White Metal, who is a Qualified Person under the definitions established by the National Instrument 43-101.
 
About White Metal Resources Corp (TSX-V: WHM):
White Metal Resources Corp is a junior exploration company exploring in Canada and southern Africa. For more information about the Company please visit www.whitemetalres.com.
On behalf of the Board of Directors of White Metal Resources Corp.

"Michael Stares"
President & CEO, Director


For further information contact:
Michael Stares
President & CEO, Director
684 Squier Street
Thunder Bay, Ontario, Canada, P7B 4A8
Phone: (807) 358-2420

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections

 

...click here to view full copy of this release from source

 

 

● May 11, 2021: White Metal Expands Bench Zone, Extends Strike Potential to 2.1 km and Plans for Additional Drilling at the Tower Stock Gold Project, Ontario

 

See May 11, 2021 news release:

 

White Metal Expands Bench Zone, Extends Strike Potential to 2.1 km and Plans for Additional Drilling at the Tower Stock Gold Project, Ontario

 

Thunder Bay, Ontario, May 11, 2021: White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) has received the final gold assay results from the Phase 1 2021 winter drilling program. Core assays from the 2021 drilling program clearly indicate the excellent potential for the Tower Stock Gold Project (the” Project” or the “Property”), which in addition to historical core assays show a broad horizon of low grade gold mineralization that spans for over 2.1 kilometres. The Company also sees great potential for high grade gold shoots within the broad intercepts of lower grade gold mineralization, such as those recorded in recently announced drill hole TM-21-94 from the newly discovered Ellen Zone (see Company news release dated April 20, 2021). The Property covers approximately 1,968 hectares and is located about 40 km west-northwest of the port city of Thunder Bay, Ontario.

 
​The 2021 winter drilling program has further substantiated the Property’s potential and as a result the Company is planning a follow-up drilling program to further test the large tonnage potential of the low grade gold zones and to determine the extent of prospective higher grade gold zones. It is very important to note that the alteration associated with lower grade gold mineralization is intense, pervasive and shows good continuity, suggesting there is not only excellent potential to find higher grade zones at surface but also at depth. Results from the recently completed Abitibi Geophysics’ DasVision Induced Polarization (“IP”) survey also supports this interpretation. Further data and information on the Tower Stock Gold Project can be found at www.whitemetalres.com.

Highlights from the 2021 Phase 1 drilling program and recently completed IP geophysical survey include:

  • Confirmation of low grade gold mineralization within an intense and pervasive alteration zone, extending over 2 km along strike;

  • Discovery of the Ellen Zone, a new high grade gold zone, reporting 1.7 g/t Au over 82.50 m including 3.0 g/t Au over 45 m (TM-21-94: 10.00 to 92.50 m), and open in all directions;

  • Excellent correlation between the Ellen Zone discovery and priority anomaly “TS-02” from the DasVision IP survey;

  • DasVision IP survey outlined numerous new targets for follow-up prospecting, trenching and drilling;

  • Drill hole TM-21-95 extended the historical Bench Zone to the south by a minimum of 75 metres;

  • Compilation of all historical data and completion of the DasVision IP survey provide excellent drill targets within “gaps” between gold zones that are up to 500 m in strike; and

  • The highly prospective H Zone requires re-mapping and additional drilling to test the new interpretation that this zone dips to the southeast at 50-60 degrees.

Michael Stares, President and CEO of White Metal, commented, “I have never seen such an extensive system of gold mineralization covering such a large area. Including the 800+ metre gold zone, we now have approximately 2.1 km of aggregate strike length that will require substantial drilling. Additionally, it should be noted that drill hole TM-07-58, which assayed 5.41 g/t Au over 6 m and is located about 450 m south of drill hole TM-21-95, the most southerly hole of the 2021 drilling program, has not seen any recent work. Therefore, exploration crews will be mobilized later this month to evaluate this area in more detail. There is still a lot of work that needs to be done, including detailed prospecting and mapping, but most importantly infill drilling to further explore for the higher grade sections within the principal gold zones. I look forward to reporting our progress to our shareholders when news becomes available”.

The Company is also pleased to announce that it has encountered significant widths of low grade gold mineralization (>0.5 g/t Au) in drill hole TM-21-97. This was the last diamond drill hole of the program, designed to test the down-dip and southwest extension of the Bench Zone, returning three broad and separate intervals of gold mineralization (Table 1). These positive results clearly demonstrates that the Bench Zone is open at depth and along strike to the northwest, southwest, and southeast.
 

 
​Drill hole TM-21-97 is located about 400 m southeast of drill hole TM-21-94, which collared in the newly discovered Ellen Zone and returned a broad interval of 1.7 g/t Au over 82.5 metres (from 10.0 to 92.5 m), including 3.0 g/t Au over 45 metres (from 10.00 to 55.00 m) and 59.90 g/t Au over 1.5 metres (from 16.00 to 17.50 m).

Drill hole TM-21-95, located 420 metres southeast of drill hole TM-21-97, exhibits similar alteration and auriferous pyrite mineralization to that observed in TM-21-97 and is believed to be the southeast extension of the Bench Zone. Drill hole TM-21-95 returned two separate gold intervals (Table 2).
 

 
The locations and results from holes TM-21-94 and TM-21-95, suggest a potential strike length and exploration target of >800 m which has received very little exploration attention. The prospectivity of this region is further supported by its spatial association with a strong chargeability anomaly outlined from the recently completed IP survey (see Company news release dated February 17, 2021). The Company is very pleased with the latest round of drill results and firmly believes that there is significant room to expand and discover further resources within the Tower Stock Gold Project, which until now has not seen any exploration activity for more than eight years.

Sample Analysis
Core samples were collected from half-split drill core and delivered to Activation Laboratories Ltd. (Actlabs) in Thunder Bay, Ontario by the Company. Samples were first analysed with Fire Assay Package 1A1 – Au Fire Assay - INAA – 30 gram sample and Multi Element Package ICP-MS Ultra trace 1. Subsequently, samples with Au greater than 5.0 g/t (above Au detection limit), were analysed with Fire Assay Package 1A3 – AA-Au (Au- Fire Assay Gravimetric) – 30 gram sample. A Quality Control/Quality Assurance (“QA/QC”) program consisting of the regular insertion of Certified Reference Material copper standards and blanks into the sample stream by the Company was in place as was the industry standard internal QA/QC practices used by Actlabs.

A Qualified Person (“QP”) has not done sufficient enough work to verify the historical assay results and technical information reported herein. All drill hole intersections represent drill core lengths (intervals) and are not true widths.

Technical information in this news release has been reviewed and approved by Dr. Scott Jobin-Bevans (P.Geo.), Vice President Exploration and a Director of White Metal, who is a Qualified Person under the definitions established by the National Instrument 43-101.
 
About White Metal Resources Corp (TSX-V: WHM):
White Metal Resources Corp is a junior exploration company exploring in Canada and southern Africa. For more information about the Company please visit www.whitemetalres.com.
On behalf of the Board of Directors of White Metal Resources Corp.

"Michael Stares"
President & CEO, Director


For further information contact:
Michael Stares
President & CEO, Director
684 Squier Street
Thunder Bay, Ontario, Canada, P7B 4A8
Phone: (807) 358-2420

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections

 

...click here to view full copy of this release from source

 

 

● See April 20, 2021 - White Metal Drills New Gold Zone Discovery Yielding 82.5 Metres of 1.7 g/t Au, Including 45 Metres of 3.0 g/t Au at the Tower Stock Gold Project

 

 

Figure 1b reprinted (above) Location map of new discovery zone, named the 'Ellen Zone', is located in between the main gold zones in an area of no previous drilling. This new new gold zone discovery affirms the technical teams improved understanding of the deposit and potential to build serious gold ounces quickly.

 

Table 2.b (above) New Ellen Zone Discovery hole numbers

 

Figure 14. (above) Tower Stock Property Ellen Zone TM-21-94 [Click Here to Enlarge Image as PDF]

  

● 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

 

This project has been drilled on and off for the last 30 years by past operators, however this 2021 was White Metal Resources maiden drill program since acquiring. White Metal has accomplished a range of objectives to date; got a lay of the land, affirmed theories of some previously untested and underexplored zones resulting in the new Ellen Zone Gold discovery, built on quality intercepts in others, and set the stage for proving the big multi-million ounce potential many experts acknowledge is possible. The 3D-IP has some very exciting targets lined up for Phase 2.

 

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.

   

Abitibi Geophysics’ DasVision Induced Polarization (IP) survey -- covered the main gold zones of the project... 

 

Figure 15. (above) DasVision IP Survey & Interpretation

 

------ ------ ------      ------ ------ ------      ------ ------ ------      ------ ------ ------

 

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

 

See latest Tarnis Deposit exploration update June 29, 2021: White Metal Samples 31.8% Cu, 65 g/t Ag, 20% Pb in Rock Grab Samples from the Prospective Epunguwe Area North of the Okohongo Cu-Ag Deposit, Namibia

 

 

Also see May 18, 2021: "White Metal Reports 23.0 Metres of 2.31% Cu, 46.3 g/t Ag Including 4.0 Metres of 4.74% Cu, 65.1 g/t Ag from Final RC Drilling Results, Taranis Copper-Silver Project, Namibia"

 

Also see June 1, 2021: White Metal Research Reveals Epunguwe Target Area with Historical Drilling of 1.47% Cu and 11.7 g/t Ag over 27 Metres, Located 5 km North of the Okohongo Cu-Ag Deposit, Namibia

 

Location

 

Figure 16a. (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 16b. (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.

 

Table 4c. (above) RC chip sample assays from the second set of drill holes, Okohongo Cu-Ag Deposit, Namibia. Source: May 18, 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).
 

------ ------ ------      ------ ------ ------      ------ ------ ------

 

 

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:

 

July 29, 2021: White Metal Resources Engages CHF Capital Markets

 

July 21, 2021: White Metal Completes Initial Three Drill Holes on Tower Stock Gold Project, Ontario

 

July 20, 2021: White Metal Partner Noronex Provides Update on Exploration Program at the DorWit Copper-Silver Project, Namibia

 

July 6, 2021: White Metal Commences 3,000 Metre Drilling Program on Tower Stock Gold Project, Ontario

 

June 29, 2021: White Metal Samples 31.8% Cu, 65 g/t Ag, 20% Pb in Rock Grab Samples from the Prospective Epunguwe Area North of the Okohongo Cu-Ag Deposit, Namibia

 

June 9, 2021: White Metal Plans 3,000 Metre Drill Program on Tower Stock Gold Project, Ontario and Grants Stock Options

 

June 1, 2021: White Metal Research Reveals Epunguwe Target Area with Historical Drilling of 1.47% Cu and 11.7 g/t Ag over 27 Metres, Located 5 km North of the Okohongo Cu-Ag Deposit, Namibia

 

May 25, 2021: White Metal Partner Noronex Outlines Wide-Spread Copper Targets, DorWit Copper-Silver Project, Namibia

 

May 18, 2021: White Metal Reports 23.0 Metres of 2.31% Cu, 46.3 g/t Ag Including 4.0 Metres of 4.74% Cu, 65.1 g/t Ag from Final RC Drilling Results, Taranis Copper-Silver Project, Namibia

 

May 13, 2021: White Metal 3D-IP Geophysical Survey Correlates with New Ellen Zone Gold Discovery and Provides Multiple Targets for Phase 2 Drilling Program at Tower Stock Gold Project, Ontario

 

May 11, 2021: White Metal Expands Bench Zone, Extends Strike Potential to 2.1 km and Plans for Additional Drilling at the Tower Stock Gold Project, Ontario

 

April 20, 2021: White Metal Drills New Gold Zone Discovery Yielding 82.5 Metres of 1.7 g/t Au, Including 45 Metres of 3.0 g/t Au at the Tower Stock Gold Project, Ontario

 

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.

 

 

------ ------ ------      ------ ------ ------      ------ ------ ------

 

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

 

 

----- ----- -----      ----- ----- -----     ----- ----- -----

 

     

Welcome to Mining MarketWatch

 

We provide insight into resource companies, many which are so often overlooked gems and can provide exceptional potential to richly reward investors.  The companies we select offer outstanding properties, management and experience in the mining/exploration industry.

O Free Newsletter/Membership

Name:

Email:

 

  

 Sector NewswireTM

[Most Recent Quotes from www.kitco.com]

 

[Most Recent Quotes from www.kitco.com]

 

[Most Recent Quotes from www.kitco.com]

 

[Most Recent Quotes from www.kitco.com]

 

[Most Recent Exchange Rate from www.kitco.com]

 

  [Most Recent Exchange Rate from www.kitco.com]

 

 

 

-----------------------------

*Content found herein is not investment advice see Terms of Use, Disclosure & Disclaimer. This is a journalistic article and the author is not a registered securities advisor, and opinions expressed should not be considered as investment advice to buy or sell securities, but rather journalistic opinion only. Technical mining terms used by the writer may be used/expressed in simplified layman terms and should not be relied upon as appropriate for making investment decisions unless the reader contacts the company directly for independent verification. *Estimates of potential made by the mining analyst and journal(s) are non 43-101 and not from the Company.

 

     

-----------------------------

© Mining MarketWatch - MiningMarketWatch Home Page - About Mining MarketWatch - Terms of Use, Disclosure & Disclaimer