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White Metal Expands Surface Gold Mineralization at Gunners Cove Property, Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - November 20, 2017) - White Metal Resources Corp. (TSX...
About this update from Thunder Gold Corp.
[{"type":"text","content":"White Metal Expands Surface Gold Mineralization at Gunners Cove Property, NewfoundlandThunder Bay, Ontario--(Newsfile Corp. - November 20, 2017) - White Metal Resources Corp. (TSXV: WHM) (\"White Metal\" or the \"Company\") is pleased to announce that the Company has received assay results from 156 rock samples collected during its recently completed exploration program on the Gunners Cove Property (the \"Property\"), located 20 km north of St. Anthony, on the Northern Peninsula, Newfoundland. The Property, easily accessible by means of local roads and trails, consists of 682 claim units comprising 59,402 hectares (approx. 594 sq-km).Of the 156 rock samples, 99 were collected from the main area of the black shale unit. On the basis of the results from the 99 samples, the Company has expanded the gold (Au) mineralization to the north by approximately 3.75 km, to the east-northeast by approximately 3.2 km, and to the south by about 1.3 km. Approximately 50% of the grab samples collected in the Gunners Cove area assayed 100 ppb Au (0.1 g/t Au) or greater, with a maximum of 2.14 g/t Au. Silver assay results are also elevated, ranging from less than 5 ppb Ag to a maximum of 9.1 g/t Ag (note: grab samples are selective by nature and are unlikely to be representative of average grades). Our recent work at the Gunners Cove Property has highlighted a large area of anomalous gold values and extended the discovery area substantially. Historically, this Property has seen very little exploration work (minor prospecting), adding to the importance of this new gold discovery. Precious metal mineralization is associated with and appears to be largely hosted by pyritic nodules and stringers accompanied by minor silicification and local brecciation, and hosted by an extensive black shale unit.Michael Stares, President and CEO of the Company, stated \"Gold mineralization at the Gunners Cove Property is hosted by sedimentary rocks of the Goose Tickle and Hare Bay geological groups, and from the limited mapping we have completed to date, the unit strikes approximately north-south. The style of mineralization at the Gunners Cove Property is very unique and is quite possibly the only project of its kind in Canada, with anomalous gold, silver and base metals, in this geological environment.\"Although there is still much to learn about the geological env...