January 20, 2020 - White Metal Provides Update on Namibian Copper-Silver Property and Welcomes New Chief Financial Officer
Thunder Bay, Ontario, January 20, 2020: White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) announces that it has granted natural resources investor RZJ Capital Management LLC (“RZJ”) a three month extension of time in regards to the previously announced binding Letter of Agreement (“LOA”) with respect to certain licenses that comprise the Dorwit Copper-Silver Property (the “Property”), located in Namibia. Under the LOA, RZJ has the right to purchase 70% of White Metal’s 100% owned private Namibian company Aloe 237 which holds title to Exclusive Prospecting Licences (EPL 7028, 7029 and 7030), comprising the Property (see Company news release dated October 16, 2019). The partners, RZJ and White Metal, will work towards the signing of a definitive agreement in the near future.
January 8, 2020 -White Metal Provides Update on its 100% Owned Seagull Lake Platinum-Palladium Property
Thunder Bay, Ontario, January 8, 2020: With renewed interest in platinum and palladium White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) is revaluating the prospectivity of its 100% owned Seagull Lake Pt-Pd Property (the “Property’), located about 50 km south of Impala Canada’s Lac des Iles Mine (previously North American Palladium) in northwestern Ontario. The 6,168 hectare property, approximately one hour drive north of the port city of Thunder Bay, is also about 28 km north of the new copper, nickel, platinum, and palladium discoveries of Rio Tinto and Panoramic Resources (previously Magma Metals).
January 7, 2020-White Metal Receives Government Approval to begin Exploration Activities on its Namibian Copper-Silver Properties
Thunder Bay, Ontario, January 7, 2020: White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) is pleased to announce that it has received from the Namibian Government (Ministry of Environment and Tourism), the required Environmental Clearance Certificates (“ECC”) for Exclusive Prospecting License (“EPL”) 7071 (the “Taranis Property”) and EPLs 7028, 7029, and 7030 (the “Altan” or “DorWit Property”), clearing the way for the Company to begin its exploration programs in Namibia. The Company is planning to complete several geophysical surveys and drilling programs in the coming months. The Taranis and DorWit properties are held by White Metal’s 100% owned Namibian subsidiary companies Aloe 238 and Aloe 237, respectively (see Company news release dated June 18, 2019).