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White Metal Files NI 43-101 Technical Report and Mineral Resource Estimate on SEDAR, Taranis (Okohongo) Copper-Silver Project, Namibia
Thunder Bay, Ontario--(Newsfile Corp. - October 1, 2021) - White Metal Resources Corp. ( TSX...
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[{"type":"text","content":"White Metal Files NI 43-101 Technical Report and Mineral Resource Estimate on SEDAR, Taranis (Okohongo) Copper-Silver Project, NamibiaThunder Bay, Ontario--(Newsfile Corp. - October 1, 2021) - White Metal Resources Corp. (TSXV: WHM) (FSE: CGK1) (OTC Pink: TNMLF) (\"White Metal\" or the \"Company\") is pleased to announce that it has filed a National Instrument 43-101 (\"NI 43-101\") Technical Report in support of the Mineral Resource Estimate on the Okohongo Cu-Ag Deposit (the \"Okohongo Deposit\"), announced by the Company on August 18, 2021 (see White Metal news release dated August 18, 2021). The Okohongo Deposit is located within its 95%-owned Taranis (Okohongo) Cu-Ag Project (the \"Project\" or \"Property\"), as defined by Exclusive Prospecting Licence (\"EPL\") 7071 and covers about 13,825 hectares in the Kaoko Copperbelt, northwestern Namibia.Michael Stares, President & CEO of White Metal, stated, \"The Company is very pleased with the outcome of the new Mineral Resource Estimate and it will continue to advance the Namibian Project while at the same time looking for a partner that sees the same upside and potential that the Company sees in the Property. White Metal has proven that there is room to grow and improve the Okohongo Deposit and excellent copper-silver potential along strike to the north and south of the deposit. As I have stated in the past, the Company sees the demand for copper remaining strong which will only increase the future value of the Okohongo Deposit and Project.\"Mineral Resource EstimateThe Inferred Mineral Resources (Table 1) of the Mineral Resource Estimate (\"MRE\") for the Okohongo Deposit, were modelled and calculated using 3,226 metres of Reverse Circulation (\"RC\") drilling in 28 drill holes (518 chip samples in resource) and 781.70 metres of historical diamond drill core in 4 holes (63 core samples in resource).The area covered by the resource is about 740 m (east-west) and 720 m (north-south). Using a cut-off grade of 0.30% Cu and assuming 10% geological loss, the study reported approximately 7.7-million-tonnes grading 1.55% Cu and 26.77 g/t Ag with a calculated copper equivalent (CuEq) of 1.82% Cu. A grade-tonnage sensitivity analysis is provided in Table 2.The MRE, with an effective date of August 11, 2021, was prepared by Caracle Creek International Consulting MINRES (Pty) Ltd. (\"...