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White Metal Completes Airborne Survey - Begins Interpretation and Initial Targeting on Gunners Cove Gold Property, Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - April 13, 2018) - White Metal Resources Corp. (TSXV: ...
About this update from Thunder Gold Corp.
[{"type":"text","content":"White Metal Completes Airborne Survey - Begins Interpretation and Initial Targeting on Gunners Cove Gold Property, NewfoundlandThunder Bay, Ontario--(Newsfile Corp. - April 13, 2018) - White Metal Resources Corp. (TSXV: WHM) (\"White Metal\" or the \"Company\") is pleased to announce that it has completed flying its heliborne electromagnetic time-domain (\"HTEM\") and magnetics geophysical survey on its Gunners Cove Property (the \"Property\"), located 20 km north of St. Anthony on the Northern Peninsula, Newfoundland. The Property is easily accessible by means of local roads and trails, and consists of 682 claim units (59,402 ha or 594 sq-km). The HTEM survey was contracted to Triumph Instruments, headed by Steve Balch.Initial surface grab samples from the new discovery made in September 2017 (news release: September 25, 2017), and follow up sampling (news release: November 20, 2017), outline a large area (approximately 15 sq-km) of anomalous gold and other metals associated with pyrite-nodules and pyrite stringers, and hosted by black shale. The Company believes there is an opportunity to expand the known gold mineralization over a much larger surface area, at depth, and to develop high-grade gold targets.A review and preliminary interpretation of the airborne survey data has identified numerous high priority targets over the 13.5km (N-S) by up to 7km (E-W) Property. Many magnetic highs are coincident with EM conductors including some at or near the known gold zones but many lie outside of the main discovery areas. Having not yet mapped the Property, it is difficult to make interpretations and direct correlation between the magnetic highs-lows and EM conductors, targets which will therefore require substantial ground-truthing. Preliminary images from the HTEM-mag survey will be made available on the Company website.The Company will continue to review and interpret the new airborne data which will assist us in better understanding and delineating geological features (i.e., structural and stratigraphic), and in generating priority targets over the Property. White Metal is planning a spring-summer-fall 2018 work program that will consist of detailed mapping and prospecting over the entire Property. This work program will begin mid-May or as soon as weather conditions allow. In Fall 2017, 133 surface grab samples were collected fr...