Thunder Bay, Ontario--(Newsfile Corp. - February 5, 2019) - White Metal Resources Corp. (TSXV: WHM) ("White Metal" the "Company") is pleased to announce it has acquired a 100% interest in the Tesup Lake Polymetallic Property (the "Property") located approximately 285 km west-northwest of the Great Lakes port City of Thunder Bay. The Property, acquired through claims staking, comprises 34 mining cells covering approximately 544 hectares.
Thunder Bay, Ontario--(Newsfile Corp. - February 5, 2019) - White Metal Resources Corp. (TSXV: WHM) ("White Metal" the "Company") is pleased to announce it has acquired a 100% interest in the Tesup Lake Polymetallic Property (the "Property") located approximately 285 km west-northwest of the Great Lakes port City of Thunder Bay. The Property, acquired through claims staking, comprises 34 mining cells covering approximately 544 hectares.
The earliest work on the Property was in the late 1990s whereby a surface magnetite zone, some 25
metres wide andbextending more than 900 metres along strike, was discovered. In 1997, an airborne EM-Mag survey was completed, followed by a ground HLEM geophysical survey, which together delineated a number of
Mag-EM trends and targets. Three (3) holes of dilling in 1997 focused on a geophysical anomaly referred as "Conductor B", intersected up to 2.68% Cu, 0.14% Ni, 0.09% Co, and 9.7 g/t Ag. Numerous targets defined by
magnetic highs with coincident EM anomalies remain untested. The Company is preparing a mineral
exploration program over the claims that is planned to include a heliborne TDEM-Mag survey and a
surface exploration program, including prospecting, geological mapping, and diamond drilling.
Newfoundland Gold Properties
The Company is actively seeking joint venture partners to explore the Williams and Little Joanna
polymetallic/gold properties, located in the Botwood Basin of north-central Newfoundland, Canada.
The Williams Property is a new polymetallic discovery with an extensive area of anomalous
quartz-veined, brecciated, granite/sediment float, and subcrop with grab samples of up to 52 g/t Au
(1.52 oz/t Au). Mineralized and quartz-veined granites, black shales, siltstones and volcanics are
apparent over a distance of 3 km. Subcropping mineralized rocks are found over an area 200 to 300
metres in length and widths estimated at two to three metres. Two samples from subcrop collected by
the a previous owner assayed 5.8 g/t Au and 7.9 g/t Au. These samples were at least 200 metres
apart and occur in a unit of intensely silicified, brecciated quartz-veined black shales. These
grab samples contain up to 2% chalcopyrite (Cu), sphalerite (Zn), galena (Pb), and antimony (Sb)
with some assays returning >1000 ppm As.
The Little Joanna Property (the "Property") is a new high-grade gold discovery in an area with
little known exploration. The main Little Joanna showing is a 25 to 31 cm wide compact quartz vein
located within a highly altered, carbonated sedimentary mélange of shale, conglomerate and
siltstone. Hand trenching by the vendors exposed the vein for a couple of metres. Fine, visible
gold is observed throughout the vein and selected grabs samples by the vendors assayed up to 734
grams per tonne (g/t) gold (Au) (23 oz/ton Au); average sampling of the quartz vein is
approximately 189 g/t Au (5.9 oz/t Au.). As much of the Property is covered by overburden, the
Company believes that significant potential exists for the discovery of additional gold-bearing
quartz veins. Past work on the Property by Noranda Exploration (1988-1989) reported up to 44g/t Au
in boulder samples and outlined 1.15 g/t Au and 5.2 g/t Au basil till sample anomalies. A total of
seven grab samples, all with anomalous gold (+40 ppb Au), were collected by the Company from quartz
vein bearing sedimentary rocks, and range from 40 ppb Au to 229.3 g/t Au (6.70 oz/t Au), averaging
48.5 g/t Au (1.41 oz/t Au). The highest grade sample (229.3 g/t Au) contained visible gold and was
collected from subcrop near the main showing, whereas the next two highest grade samples, (38.7 g/t
and 70.7 g/t Au), were collected from outcrop of quartz vein bearing sedimentary rocks.
Additional information on White Metal's properties can be found on the Company website at
https://www.whitemetalres.com/central-newfoundland-properties.html
(https://www.newsfilecorp.com/redirect/MeZ2hm4).
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 (TSXV: WHM):
White Metal Resources Corp is a junior exploration company exploring for gold in Canada.
For more information in regards to White Metal Resources Corp. you can visit the company's Web Page
at www.whitemetalres.com (https://www.newsfilecorp.com/redirect/bvAPHAo).
On behalf of the Board of Directors of White Metal Resources Corp.
"Jean-Pierre Colin"
Jean-Pierre Colin, President, CEO and Director
For further information contact:
Jean-Pierre Colin President, CEO & Director (416) 573-4300
jpcolin.whitemetal@gmail.com (mailto:jpcolin.whitemetal@gmail.com)
or
Michael Stares Director
684 Squier Street
Thunder Bay, Ontario, Canada, P7B 4A8 Phone: (807) 628-7836
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 release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/42657
(https://www.newsfilecorp.com/redirect/3ye8FWX)
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