Michael Stares, Interim President & CEO of the Company, stated, “Our team looks forward to the commencement of exploration on the Namibian projects and working in a jurisdiction that is highly supportive of mining initiatives. Our team will be visiting the projects very soon to further assess our next steps and engage local stakeholders. We view these prospective Namibian copper assets as a great opportunity for White Metal and its shareholders and are hopeful they will bring value to the Company”.
White Metal is now planning the next steps for the Namibian copper projects to include locating of historical diamond drill holes, followed by a program of confirmation reverse circulation and diamond drilling. The Company will also be putting together an advisory board consisting of personnel who have experience working in Namibia, who can help with technical aspects of the projects, and can also help us with local community engagement programs.
Exclusive Prospecting Licences 7028, 7029, and 7030 (Altan Project), are located about 150 km east of capital city of Windhoek, Namibia and cover about 65 km of prospective stratigraphy in the Kalahari Copper Belt which extends eastward into Botswana where several major copper deposits occur and are being financed at present (e.g., Cupric Canyon Capital news release dated February 25th, 2019). 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. Historical resources (Table 1) are contained within these three mining licenses and were published by the Geological Survey of Namibia (Resources of Namibia, 1999).
Sandfire Resources NL recently announced its bid to acquire MOD Resources Limited for AUS$167 million (see MOD Resources News Release dated June 25, 2019) whose project is located northeast of the Altan Project, on the Kalahari Copper Belt in Botswana. The Company views this transaction as validation of the importance of the Kalahari Copperbelt and its potential to generate substantial copper assets.
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. For more information please visit the Company’s website at www.whitemetalres.com.
On behalf of the Board of Directors of White Metal Resources Corp.
President & CEO (Interim)
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.
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