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White Metal Discovers Additional New Zone and Provides Update on Exploration at the Gunners Cove Gold Project
Thunder Bay, Ontario--(Newsfile Corp. - July 11, 2018) - White Metal Resources Corp. (TSXV: W...
About this update from Thunder Gold Corp.
[{"type":"text","content":"White Metal Discovers Additional New Zone and Provides Update on Exploration at the Gunners Cove Gold ProjectThunder Bay, Ontario--(Newsfile Corp. - July 11, 2018) - White Metal Resources Corp. (TSXV: WHM) (\"White Metal\" or the \"Company\") is pleased to announce that it has discovered a new sulphide-mineralized area (the \"Totem Zone\") on the Gunners Cove Gold Project (the \"Project\"), located in northern Newfoundland. The Company is awaiting results from 15 surface grab samples taken from the newly discovered Totem Zone, located about 18 kilometres south of the original Gunners Cove \"East and West Gunners Pit\" discovery zones (the \"Gunners Pit Zone\"). New samples are described as sheared black shale and polymictic breccia with up to 10% pyrite in the form of nodules, cubes and stringers. The samples were collected during a recent visit while Company personnel were evaluating the newly discovered Bazooka Zone (see White Metal news release dated July 3, 2018), where the Company reported highly anomalous gold values over an interpreted strike length of 1 kilometre. Evidence to date suggests that the Gunners Cove Gold Project represents an extensive and new unexplored gold system which the Company has traced intermittently for approximately 18 kilometres along strike and is locally up to 1.3 kilometres wide. To date, fifteen (15) new areas of gold mineralization have been discovered, of which three (3) have now been identified as high-priority follow up targets. The three priority zones are, from north to south, the Gunners Pit Zone, the Stephens Zone and the Bazooka Zone. Given the early success on the Project, the Company is planning an aggressive channel sampling program on the three above mentioned priority targets as well as the new Totem Zone, should assay results warrant. Technical personnel for the Company have determined that this surface program will be the best way to properly evaluate the gold tenure and continuity of the various gold zones, as well as assist in the delineation of targets for future diamond drilling. The channel sampling program will commence as soon as practicable and results will be released as they become available.Since the initial gold discovery in September 2017, the Company has had excellent success not only in making new discoveries, but extending the area of gold mineralization substan...