May 20, 2020 - Benton Resources Signs LOI with White Metal Resources to Acquire 70% of the Far Lake Copper-Silver Project, Ontario
Thunder Bay, Ontario, May 20, 2020: White Metal Resources Corp. (TSXV:WHM) (“White Metal” or the “Company”) is pleased to announce that it has signed a letter of intent (“LOI”) with Benton Resources Inc., (TSXV:BEX) (“Benton”) for Benton to earn up to a 70% interest in the Far Lake Copper-Silver Project (the ”Project”). The Project, located about 75 km northwest of the port city of Thunder Bay and north of the Shebandowan Greenstone Belt, comprises 196 single cell mining claims and covers about 4,178 hectares. The Company recently completed a 464 line-kilometre, fixed-wing, high-resolution aeromagnetic gradiometer and digital VLF-EM survey over the Project (see Company news release dated April 22, 2020) as part of ongoing exploration designed to follow up on its successful 2019 prospecting, trenching and sampling programs that led to the discovery of copper-silver mineralization, including a 0.7 metre channel sample across massive sulphide that assayed 22.0% Cu, 30.2 g/t Ag, and 0.25 g/t Au (see Company news release dated September 30, 2019).
May 5, 2020 - White Metal Resources Provides Investor RZJ with Additional Extension on Namibian Copper-Silver Property
Thunder Bay, Ontario, May 5, 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 further 6 month extension of time in regards to the previously announced binding Letter of Agreement (“LOA”) (see Company news release dated January 21, 2019) with respect to certain licenses that comprise the Dorwit Copper-Silver Property (the “Property”), located in Namibia.