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White Metal Provides Exploration Plans for Gunners Cove Gold Property, Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - January 30, 2018) - White Metal Resources Corp. (TSXV...
About this update from Thunder Gold Corp.
[{"type":"text","content":"White Metal Provides Exploration Plans for Gunners Cove Gold Property, NewfoundlandThunder Bay, Ontario--(Newsfile Corp. - January 30, 2018) - White Metal Resources Corp. (TSXV: WHM) (\"White Metal\" or the \"Company\") is pleased to announce that the Company has developed its exploration program for the next 12 months on the 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).Stage one: Soon to begin airborne magnetic-electromagnetic time-domain geophysical survey which will cover the entire Property. The Company is confident that the airborne data will assist in better understanding and delineating features (i.e., structural and stratigraphic) of the newly discovered gold zones. Initial surface grab samples from the new discovery made in September 2017 (news release: September 25, 2017), and more recent 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.Stage two: Will consist of detailed mapping and prospecting over the entire Property looking toward expanding areas of known gold mineralization and delineating higher grade gold zones. This work program will begin mid-May or as soon as weather conditions allow. Stage three: Will consist of diamond drilling all favourable targets outlined by a combination of the airborne geophysical survey and the detailed mapping and prospecting program. The Company is planning to begin drilling by September or October, 2018. To date, 133 surface grab samples have been collected from the 10 mineralized zones at the Property. The distribution of the samples containing anomalous gold values define an area roughly 5 km x 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 5.9 g/t Au (Mossberg Zone). Silver assay results are also elevated, ranging from less than 1 ppm Ag to a maximum of 9.1 g/t Ag (Cooey Zone) [note: grab samples are selective by nature and are unlikely to be representative of average grades]. Work to date at the Gunners Cove Property has highl...