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White Metal Completes First Phase Exploration Program On Little Joanna Gold Property, Newfoundland and Announces $150,000 Private Placement
Thunder Bay, Ontario--(Newsfile Corp. - June 7, 2019) - White Metal Resources Corp. (TSXV: WH...
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[{"type":"text","content":"White Metal Completes First Phase Exploration Program On Little Joanna Gold Property, Newfoundland and Announces $150,000 Private PlacementThunder Bay, Ontario--(Newsfile Corp. - June 7, 2019) - White Metal Resources Corp. (TSXV: WHM) (\"White Metal\" or the \"Company\") is pleased to announce that it has completed the first phase of exploration work on the Little Joanna Gold Property (the \"Property\"), located in Central Newfoundland, Canada. Work included the collection of 619 soil samples and 36 rock samples. The soil and rock samples have been submitted to Eastern Analytical Laboratories located in Springdale, Central Newfoundland and results will be released once received and interpreted. The soil sampling program was designed to test for additional gold-bearing structures and continuity originating from the main gold showing which assayed up to 734 g/t Au (23 oz/ton Au) in selected grab samples collected and assayed by the vendor.The soil sampling survey was designed to extend as much as seven kilometres away from the main gold showing and to also cover historical Noranda Exploration work (1980s) from which Noranda reported up to 44g/t Au in boulder samples and outlined two basil till sample anomalies of 1.15 g/t Au and 5.2 g/t Au. To date approximately 1.7 km of the planned seven kilometres has been surveyed as high water in the creek systems hindered completion of the survey; the remainder of the soil survey will be completed once water levels recede. The Little Joanna Gold Property, one of several new properties the Company has optioned (see News Release dated October 23, 2018), is located approximately 25 km northeast of the town of Glenwood. The Property is accessible by supply roads that originate from either Glenwood or Birchy Bay and comprises 280 claim units, covering 7000 hectares. It is situated approximately 45 km northeast of Sokoman Minerals Corporation's Moosehead Gold Project. Sokoman Minerals (previously Sokoman Iron) announced a gold-bearing discovery hole on July 24, 2018, reporting an assay result from drill core of 44.96 g/t Au over 11.90 metres (from 109.00 to 120.90 metres).Work Permits have been submitted for the William and William West properties which include prospecting and soil sampling as part of a Phase 1 work program. Phase 2 will consist of trenching and drilling of any favourable tar...