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White Metal Resources Samples 16.2 g/t Gold and Provides Update on Exploration Program, Tower Stock Gold Project, Ontario

Dec 11, 2020

White Metal Resources Corp. (TSXV: WHM) ("White Metal" or the "Company") is pleased to report that it has received assay results from 299 rock samples that were collected by the Company from the Tower Stock Gold Property (the "Property" or "Project"). The Project, located about 40 km west-northwest of the port city of Thunder Bay, Ontario, consists of 52 mining claims (73 units) and three (3) freehold land grants or patented mining claims covering about 1442 ha.

Assays from the 299 samples range from below the lower limit of detection (<5 ppb Au) to 16.2 g/t Au. The 299 samples averaged 505 ppb Au and only five of the samples were below the lower limit of detection ("LLD"). 

Michael Stares, President and CEO of White Metal, commented, "We are very pleased with the grab sample assay results received to date. In addition to discovering new areas of elevated gold mineralization, this sampling program corroborates the presence of elevated gold concentrations on the Property and at many of the historical locations. I look forward to finishing the data compilation and moving the drill rig onto the Property early in the new year. Given the number of gold showings and different styles of gold and base metal mineralization on the Property, I am very excited about the Property potential to host an economic gold deposit or deposits."

The grab samples were collected as part of a prospecting program following up on seven historical gold-bearing areas reported from past property explorers Valgold Resources Ltd., Inco and Noranda Exploration, and from new areas of mineralization. A map showing the locations of the mineralized zones on the Property and sample sites is available on the Company website at https://www.whitemetalres.com/.

The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective by nature and are collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled. As such, grab samples are not necessarily representative of mineralization across the Property.

Tags: Northern Ontario / Exploration / Gold / All Articles