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White Metal Cuts 20.74 Metres Grading 2.81 g/t Gold in Trenching Program @ Tower Mountain Gold Project near Thunder Bay

Nov 18, 2021

White Metal Resources Corp. has received assay results from the A Zone trenching program at the Tower Mountain Gold Project. The company mapped and channel sampled the A Zone to gain a better understanding of the controls on high-grade gold mineralization which proved very effective in tracing this zone at surface. The Company is very encouraged with the results of the channel sample assays which correlate well with similar results reported from drill hole TM-21-108 that assayed 3.94 g/t Au over 23.8 m (from near surface) (Table 1; see also WHM news release dated October 21, 2021). White Metal has commenced a Phase 3 drilling program with 4,300 metres planned to test the many gold zones on the Property of which approximately 1,000 metres will target the A Zone.

Michael Stares, President and CEO of White Metal, commented, "The A Zone channel sampling program turned out to be very successful and we have now demonstrated that gold mineralization in this area is continuous at surface and correlates well with recent drilling. This program has given us enough structural knowledge to target the A Zone along strike and down-dip. We have so many great gold targets to follow-up on during our Phase 3 drilling program and the A Zone, although a key part of moving the Project forward, is just one of many excellent targets. As we move through the third phase of drilling, I look forward to sharing the results with our shareholders."

A Zone Surface Program Results

Extensive detailed mapping and channel sampling exposed an area roughly 100 m x 60 m that returned consistent moderate- to high-grade gold mineralization (Table 2). The A Zone is underlain by metavolcanic rocks characterized by hydrothermal brecciation and pervasive calcic + sericite hydrothermal alteration and ubiquitous pyrite throughout, locally up to 12%. The A Zone also exhibits the presence of a later structural system of sheeted, parallel quartz veining and fracturing. This later deformation appears to have enriched gold concentrations, possibly through remobilization. This is important as the intersection of structures may form a plunge that hosts the high-grade zones. Previous grab sampling and all current channel sampling has consistently returned positive gold values, reaching up to 23.6 g/t over 1.5 m, with visible gold noted locally within the vein/fracture system. The mineralized zone is at least 20 metres-wide across strike and remains open to the south and at depth.

A diamond drill is being mobilized to the site and six initial drill holes have been designed to test this exciting target at the A Zone. Oriented core will be utilized to gain a better understanding of the vein/fracture system and general structures.

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