October 17, 2019 - White Metal to Complete a High Resolution Aeromagnetic Gradiometer and Digital VLF-EM Survey on the Startrek Gold-Antimony Property, Newfoundland
Thunder Bay, Ontario, October, 17, 2019: White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) is pleased to announce that having recently completed a reconnaissance ground VLF-EM and magnetic survey, the Company has applied for a permit to complete a 402 line kilometre, fixed-wing, high resolution aeromagnetic gradiometer and digital VLF-EM survey over the Startrek Gold-Antimony Property (the “Property” or “Startrek”), located about 20 km east of Gander in Central Newfoundland. The proposed geophysical survey will utilize Terraquest Ltd.’s new Matrix Digital VLF-EM frequency system, coupled with their high resolution horizontal magnetic gradiometer, to map new and refine known geological structures (faults and shear zones) which are recognized as hosting gold and antimony mineralization on the Property. This type of survey can also delineate bedrock conductors (i.e., semi-massive to massive sulphides) and may lead to new structural targets for ground truthing and follow-up exploration.
October 16, 2019 - White Metal Signs Binding Letter of Agreement to Option DorWit Copper-Silver Property in the Kalahari Copperbelt, Namibia
Thunder Bay, Ontario, October 16, 2019: White Metal Resources Corp. (TSXV:WHM) (“White Metal”, “WHM” or the “Company”) is pleased to announce that it has signed a binding Letter of Agreement (“LOA”) with natural resources investor RZJ Capital Management LLC (“RZJ”), whereas RZJ has the right to purchase 70% of White Metal’s 100% owned private Namibian company Aloe 237. Aloe 237 holds title to the Exclusive Prospecting Licences (EPL 7028, 7029 and 7030) that comprise the Dorwit Copper-Silver Property (the “Property”). The partners, RZJ and WHM, will work towards the signing of a definitive agreement (the “Agreement”) in the near future.