Business
White Metal Advised that Maiden Drilling Program Begins at White Metal's Far Lake Copper-Silver Project and Grants Options
Thunder Bay, Ontario--(Newsfile Corp. - October 1, 2020) - White Metal Resources Corp. (TSXV:...
About this update from Thunder Gold Corp.
[{"type":"text","content":"White Metal Advised that Maiden Drilling Program Begins at White Metal's Far Lake Copper-Silver Project and Grants OptionsThunder Bay, Ontario--(Newsfile Corp. - October 1, 2020) - White Metal Resources Corp. (TSXV: WHM) (\"White Metal\" or the \"Company\") is pleased to announce that the maiden diamond drilling program is underway at its Far Lake Copper-Silver Project (the \"Project\" or the \"Property\"), located in northwest Ontario and under option to Benton Resources Inc. (see Company news release dated 20 May 2020).A diamond drilling rig has been mobilized to the Project to begin the first phase drilling program, comprising a minimum of 2,000 metres and designed to test priority targets identified from the Company's past exploration programs. Targets include the Far Lake #1 structure where a 0.7 m channel sample across massive sulphide assayed 22.0% Cu, 30.2 g/t Ag, and 0.25 g/t Au and other channel samples along the 200 m strike length returned up to 3.54% Cu over 3.0 m, including 4.96% Cu over 1.0 metre. In addition, several other large, variably silicified and brecciated structures containing chalcopyrite mineralization and associated with coincident soil and/or rock geochemical anomalies within a 2.5 square km area, will be tested.Michael Stares, President and CEO of White Metal, commented, \"I am pleased that Benton Resources has begun its drilling program on the Far Lake Copper-Silver Property and look forward to seeing the results. This is the first time this Property has been drill-tested and based on surface results to date we are certainly optimistic that we will generate some positive results. The Company continues to deliver on its project generation model whereby we source and advance high potential properties in order to attract quality partners like Benton Resources who can then move the projects forward while the Company maintains its 30% interest in the project.\"Mineralization (chalcopyrite ± bornite, covellite, magnetite) and alteration (silicification, carbonate, sericite) identified to date at the Far Lake property displays characteristics suggestive of multiple mineralizing events and resemble certain aspects of porphyry and IOCG style alteration and mineralization. Other evidence for these deposit models include elevated rare earth and uranium geochemistry over 500 m within the centre of the mai...