Michael Stares, Interim President & CEO of the Company, stated, “I am very encouraged by the potential opportunities to develop small-scale mines within our licences and look forward to working with the group. We are also pleased to have received the EEC clearance from the Namibian Government as we can now begin implementing our planned work programs and advance the properties.”
The Taranis Property (EPL 7071), covering about 19,850 ha, includes the Okohongo Copper-Silver Deposit (“Okohongo Project”) which has been outlined by historical drilling that shows it extends over 600 metres in strike length and 400 metres down-dip, and is open in all directions (see INV Metals news release dated August 3, 2011). The Okohongo deposit, situated within the Kaoko Belt of northwest Namibia about 700 km northwest of Windhoek, is hosted by metasedimentary stratigraphy and shows some similarities with stratiform sediment-hosted Central African Copperbelt deposits of Zambia and the Democratic Republic of the Congo. This deposit contains historical Inferred Mineral Resources of 10.2 million tonnes grading 1.12% Cu and 17.75 g/t Ag, using a 0.3% Cu cut-off (INV Metals Inc. NI 43-101 Technical Report, Effective Date March 31, 2011). Table 1 provides a sensitivity analysis of these historical resources with respect to various cut-off grades of copper.
Six historical copper deposits occur within the DorWit Property along with other zones with anomalous copper in historical drill core intercepts that the Company believes can be expanded upon through further exploration. Historical resource estimates contained within the Property were published by the Geological Survey of Namibia (Resources of Namibia, 1999) and are summarized in Table 2.
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, Director
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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