Thunder Bay, Ontario–(Newsfile Corp. – August 10, 2017) – White Metal Resources Corp. (TSXV: WHM) (“White Metal” or the “Company”) is pleased to announce that it has received assays from trench sampling from a new copper discovery on the newly staked 100%-owned Far Lake Property located 80km north west of Thunder Bay, Ontario. The copper showing was discovered while prospecting a series of new logging roads and has now been traced and channel sampled along a 300m strike length. The best channel sample composite across the copper-rich zone returned 3.54% Cu over 3.0m which included the highest individual sample of 4.96% Cu over 1.0m. The mineralization is associated with a north-south trending structure within a silicified monzonite intrusive body. A total of 12 channel samples between 0.5 to 1.0m in length were collected from 5 trenched / exposed outcrops. The Company is planning ground geophysical surveys of induced polarization (IP) and magnetics to help identify additional targets along and perpendicular to the current strike direction. Further trenching and sampling will be utilized as follow-up on any intriguing anomalies.
The Company has also received results from two samples taken on the Copper Island trenches on the Shebandowan Property, located approximately 70km west of Thunder Bay. The selective grab samples collected from the mineralized zone returned assays up to 8.71% copper, 4.09gpt gold, 8.71gpt silver and 5.79% copper, 1.11gpt gold and 5.79gpt silver. Future work on the Copper Island trend will include deep penetrating electromagnetic geophysical techniques to determine if there are conductive responses located below previous shallow penetrating geophysical surveys conducted during historical work efforts.
The Company would also like to report that it has received the assay results from the Shebandowan trenching program and no significant results were obtained.
Paul E. Nielsen, PGeo, is the qualified person responsible for this release and has prepared, supervised and Approved the preparation of the scientific and technical disclosure contained within the release.
About White Metal Resources Corp (TSXV: WHM):
White Metal Resources Corp is a junior exploration company exploring in Canada and currently has 35,691,073 common shares issued and outstanding.
For complete up-to-date information on the Shebandowan Property please follow the link provided below: http://ift.tt/2sHxxCB.
On behalf of the Board of Directors of White Metal Resources Corp.
Michael Stares, President and CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS 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 projection
For further information contact:
684 Squier St.
Thunder Bay, ON P7B 4A8
Phone: (807) 628-7836
Fax: (807) 475-7200
from Newsfile Corp News Releases http://ift.tt/2wwL9m9