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White Metal Initiates Drilling Program on its Tower Stock Gold Project

Jan 19, 2021

White Metal Resources Corp. has received the required drilling permits and will commence the first round of diamond drilling on the Tower Stock Gold Property (the "Property" or the "Project" or "TSGP"). White Metal recently optioned the Tower Stock Gold Property which is located about 40 km west-northwest of the port city of Thunder Bay, Ontario, and consists of 52 claims (73 units) and 3 freehold land grants or patented claims covering an area of 1 442 ha (see Company news release dated June 20, 2020).

Commented Michael Stares, President & CEO of White Metal, "Now that the Company has completed its first phase of exploration that included compilation of all historical work, prospecting and sampling, and targeting, I am very confident that our first round of drilling will prove successful. I look forward to updating our shareholders on our results as the drilling program progresses."

Mineralization discovered to date on the Tower Stock Gold Property is classified as syenite-associated disseminated gold deposit-type similar to that of the Kirkland Lake or Malartic gold camps. More specifically, mineralization and alteration styles on the Property are similar to those found at Alamos Gold's Young-Davidson Mine, which is currently one of Canada's largest underground gold mines, forecast to produce between 135,000 to 145,000 ounces of gold for 2020 (reported by Alamos Gold). Mineralization hosted by established operations and other exploration projects is not necessarily indicative of mineralization hosted on the Company's Property.

Pyrite is the main sulphide mineral and is generally an indication of anomalous levels of gold. Pyrite typically occurs as disseminations in volcanic flows, tuffs and breccia's, polymictic conglomerate, feldspar porphyry, syenite and hydrothermal breccia's commonly developed along the west contact with the syenite of the Tower Mountain Intrusive Complex ("TMIC"). 

Historical work has delineated two main areas of gold mineralization which contain historical mineral resources; the UV and Bench zones. In addition to these two zones, numerous targets/showings at variable distances (>100 m to >1 km) from these two main areas, as defined by drill intercepts and surface sampling, show the Property to have exceptional exploration potential. Previous drilling programs targeting gold mineralization and undertaken throughout the Property, show that mineralization remains open, either along strike and/or down dip, including numerous drill holes shut down in target gold mineralization. Additionally, a number of zones that have not been drill tested, returned significant gold mineralization from trenching and surface sampling. 

The initial exploration focus of the drilling program at the TSGP will be to test and/or expand known gold mineralization from previous drilling and to test highly anomalous gold surface showings, in conjunction with a detailed assessment and subsequent interpretation of all historical work plus geophysics by the WHM exploration team to further our understanding on controls of the widespread gold mineralization that occurs throughout the Property.

A summary of the main gold targets for the initial 2021 drilling program are as follows:

  1. UV Zone
    The UV Zone occurs on the west side and adjacent to the TMIC, with gold mineralization hosted in brecciated fragmental volcanic rocks and to a lesser extent syenite dykes and feldspar porphyry, with an overall pyrite content of 3 to 5%. Mineralization is open to the northwest and southeast, with regional airborne geophysical surveys and more recently ground 'checkerboard' magnetic surveys also indicating extensions of this zone.

  2. Bench Zone
    The Bench Zone lies 800 m southeast of the UV Zone. Gold mineralization is hosted within lithologies and associated pyrite content similar to the UV Zone but with syenite becoming more significant. Numerous drill holes ended in gold mineralization indicating that the gold zones are still open at depth. A thorough review of data from previous drilling programs shows the potential of the Bench Zone and that it is open to the north and south. 

  3. Creek Zone
    Located between the UV and Bench zones, this area is ~800 m along strike has only been tested by two widely spaced (250 m) diamond drill holes, both intersecting significant gold mineralization. Surface sampling of rare outcrop exposure completed in 2020 returned numerous assays of >0.5 g/t Au. This would suggest that the area between the UV and Bench zones is highly prospective, with the possibly that the two zones may be one continuous gold mineralized zone.

  4. 04-36 Zone / A Zone / D Zone
    These three widely spaced separate zones, lie along a similar northwest trend that underlies the UV-Bench zones, occurring roughly 400 m to the southwest, representing a mostly untested strike length of >1 km. Also encouraging is that mineralization at all three zones is hosted mostly within polymictic conglomerate. Drilling will focus on extending the individual zones and to further understand controls on mineralization to enable accurate drill targeting between the zones.

  5. H Zone
    The H Zone occurs wholly within the TMIC where historical grab samples assayed up to 5 g/t Au. Recent grab samples by WHM personnel has delineated this zone for >100 m, but a true assessment of this showing at this time is difficult due to extensive overburden. One historical hole stopped before truly testing the zone.

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