White Metal Samples 31.8% Cu, 65 g/t Ag, 20% Pb in Rock Grab Samples from the Prospective Epunguwe Area North of the Okohongo Cu-Ag Deposit, Namibia
(firmenpresse) - Thunder Bay, Ontario, 29 June 2021: White Metal Resources Corp. (TSXV: WHM) (FRA: CGK1) (OTCMKTS: TNMLF) (White Metal or the Company) is pleased to provide an update regarding its recently initiated exploration program in the region north of the Okohongo Cu-Ag Deposit (see Company news release dated 1 June 2021).
The Company is currently undertaking prospecting, geological mapping, grab sampling, and surface trenching and sampling programs along the prospective +7 km sedimentary-hosted copper horizon, which extends norward from the Okohongo Cu-Ag Deposit. This prospective horizon, colloquially known as the Okohongo Horizon occurs within the Lower Omao Formation (limestone, siltstone, dolomite), which is stratigraphically above the Nosib Group (sandstone, shale, conglomerate).
Michael Stares, President & CEO of the Company, stated, These very high copper concentrations and strong silver assays confirm the significance of the Epunguwe area. This target area, being more than 5 direct kilometres north of the Okohongo Cu-Ag Deposit gives me further confidence in the prospectivity of this region of the Property. White Metal remains focussed on progressing the Tower Stock Gold Property in Ontario, Canada, but we will certainly continue to advance the Okohongo Copper-Silver Property as one of our primary assets.
The Epunguwe Target Area (Epunguwe), located about 4.3 km north of the Okohongo Cu-Ag Deposit and covering a minimum northwest strike length of 800 m, 56 rock grab samples were collected from the region during geological mapping at Epunguwe. Results for these first 20 rock grab samples are summarized in Table 1.
Table 1. Summary of rock grab samples collected from the Epunguwe Target Area.
SamplLocatiDescripUTMX UTMY Cu Cu Ag Pb Pb
e on tion (ppm) (%) (ppm) (ppm) (%)
U4968EpunguQtz 376917946311200 1.125 1300 0.13
we Vein 1 89
U4969EpunguGossano376917946362500 6.2520 2140 0.21
we us Qtz 1 89
vein
U4970EpunguGossano376917946355000 5.5010 1880 0.19
we us Qtz 1 89
vein
U4971EpunguGossano376917946354300 5.4335 340 0.03
we us Qtz 1 89
vein
U4972EpunguFine 376917946356000 5.6065 540 0.05
we graine1 89
d sed
-
Sandst
one
U4973EpunguFine 376917946351300 5.1365 130 0.01
we graine1 89
d sed
-
Sandst
one
U4974EpunguFine 376917946346000 4.6028 110 0.01
we graine1 89
d sed
-
Sandsto
ne
U4975EpunguFine 376917946350100 5.0153 110 0.01
we graine1 89
d sed
-
Sandst
one
U4976EpunguQtz 376917946314700 1.475 170 0.02
we Vein 1 89
U4977EpunguFine 376917946312500012.550 20000020.0
we graine1 89 0 0
d sed
-
Sandst
one
U4978OkohonFine 378257944822100 2.216 1080 0.11
go graine1 41
Northd sed
-
Sandst
one
U4979OkohonFine 378257944831800031.81 15050015.0
go graine1 41 0 5
Northd sed
-
Sandst
one
U4980OkohonQtz 378257944814350014.36 18600018.6
go Vein 1 41 5 0
North
U4981OkohonQtz 378257944850100 5.014 74000 7.40
go Vein 1 41
North
U4982OkohonDolomit378257944821100 2.1139 1410 0.14
go e 1 41
North
U4983EpunguFine 376937946380400 8.0446 1280 0.13
we graine5 33
d sed
-
Sandst
one
U4984EpunguQtz 376907946314100 1.417 510 0.05
we Vein 1 72
U4985EpunguFine 376907946329900 2.997 180 0.02
we graine1 72
d sed
-
Sandst
one
U4986EpunguFine 376907946345700 4.5713 220 0.02
we graine1 72
d sed
-
Sandst
one
U4987EpunguGossano376907946323300023.358 2580 0.26
we u 1 72 0
s Qtz
vein
*WGS84 Z33S
The Company also completed 10 east-west and northeast-trending trenches (EPT001 to EPT010) targeting the contact horizon between the Lower Omao Formation (east) and Nosib Group (west) and exposing sediment-hosted copper mineralization. A total of 28 rock grab samples from the trenching program have been submitted for analysis.
Historical reporting describes the Epunguwe Target Area as a northwest trending, roughly three kilometre by half kilometre area of soil geochemical anomalies, as well as copper mineralization exposed at surface, in trenches, and in drill holes (Table 2), occurring along a significant syn-sedimentary, basinal growth fault.
Table 2. Summary of historical drilling results from the Epunguwe Target Area, EPL 7071, Namibia.
*Drill From To **IntervaCu Ag Length
Hole (m) (m) l (%) (g/t) (m)
(m)
TCD-01919.00 41.6022.60 0.34 3.2 65.10
incl. 19.90 31.4011.50 0.49 4.7
And 55.80 65.109.30 1.64 122.6
incl. 55.80 61.806.00 2.23 171.4
TCD-02110.00 42.0032.00 0.14 2.0 81.34
incl. 22.00 26.604.60 0.37 5.4
And 59.90 78.2018.30 0.72 13.6
incl. 61.00 65.304.30 1.84 37.9
TCD-023107.30 123.516.20 0.35 175.80
0
incl. 107.30 108.31.00 1.89 17.1
0
TCP-0020.00 27.0027.00 1.47 11.7 45.00
incl. 0.00 21.0021.00 1.76 14.1
incl. 0.00 8.00 8.00 2.80 18.9
KAP-1300.00 20.0020.00 0.94 14.1 75.00
incl. 1.00 9.00 8.00 1.58 30.0
*TCD = diamond; TCP = percussion; KAP = percussion
**drill hole intervals are not considered true widths and are being treated as core lengths.
Mineralization is described as structurally-controlled and hosted by conglomerates (sandstones) of the basal Nosib Group at or near the contact with overlying Ombombo Subgroup rocks; Lower Omao Formation siltstone and Lower Omao Formation dolostone also host mineralization (INV Metals Inc. Report, March 21, 2012, filed on SEDAR). To the Companys knowledge, no work has been completed in this area since 2012.
A more detailed description of the new areas of copper exploration can be viewed on the Companys website (https://www.whitemetalres.com/taranis-okohongo-cu-ag.html).
A qualified person has not done sufficient enough work to verify the historical assay results and technical information reported herein. Rock grab samples are selective samples by nature and as such are not necessarily representative of mineralization hosted across the Property.
Qualified Person
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 NI 43-101.
About White Metal Resources Corp:
White Metal Resources Corp. is a junior exploration company exploring in Canada and southern Africa. The companys two key properties are the Flagship Tower Stock Gold Project in Thunder Bay, Ontario, Canada and the Okohongo Copper-Silver Project in Namibia, Africa. For more information about the Company please visit www.whitemetalres.com.
On behalf of the Board of Directors
"Michael Stares"
President & CEO
For further information contact:
Michael Stares
President & CEO
White Metal Resources Corp.
Phone: +1 (807) 358-2420
Nancy Massicotte
Investor Relations
White Metal Resources Corp.
Phone: +1 (604) 507-3377
TF: +1 (866) 503-3377
ir(at)whitemetalres.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company''s expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company''s prospects, properties and business detailed elsewhere in the Company''s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company''s expectations or projections
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