Business
White Metal Purchases Strategically Located Patent, Tower Stock Gold Project, Ontario
Thunder Bay, Ontario--(Newsfile Corp. - October 29, 2020) - White Metal Resources Corp. (TSX...
About this update from Thunder Gold Corp.
[{"type":"text","content":"White Metal Purchases Strategically Located Patent, Tower Stock Gold Project, OntarioThunder Bay, Ontario--(Newsfile Corp. - October 29, 2020) - White Metal Resources Corp. (TSXV: WHM) (\"White Metal\" or the \"Company\") is pleased to report that it has recently purchased 100% ownership of an important freehold patent (the \"Lee Patent\"), located centrally within the greater boundary of the Tower Stock Gold Property (the \"Property\" or the \"Project\"). The Project, which has not seen any exploration activity for more than eight years, is located about 40 km west-northwest of the port city of Thunder Bay, Ontario and now consists of 81 Single Cell Mining Claims, 11 Single Cell Boundary Claims, four freehold land grants or patents, covering about 1941 hectares. Purchase of the Lee Patent is subject to payment of a $5,000 finders' fee.Michael Stares, President and CEO of White Metal, commented, \"We are very pleased to have purchased the Lee Patent which is a great addition to the Tower Stock Gold Project. This new addition to the land base adds another key component to our aim of building gold ounces and filling in the region northwest of the Bench Zone and northward toward the U-V Gold Deposit. I am very excited about the potential of the Property to host an economic gold deposit or deposits, given that historical drilling has reported both high-grade gold and lower-grade gold intercepts which could be amenable to both underground and open pit mining methods.\" The Lee Patent, is strategically located immediately west of the Bench Zone and south of the U-V Gold Deposit to the north and covers the historical \"A-Zone\". The A-Zone and Lee Patent have seen historical work by Noranda and Inco, which included diamond drilling and trenching. Some of the highlights of the historical trench sampling by Noranda include 6.17 g/t Au over 6 m and 5.26 g/t Au over 7 metres. Historical diamond drilling by Noranda (1985-1987) reported intercepts of 16.5 g/t Au over 3 m, including 30.5 g/t over 1.0 metres (DDH 18) and several other drill holes with 1.0 metre intercepts ranging from 3.09 g/t Au to 18.2 g/t Au. The geology within the Lee Patent is described as a combination of syenite and Late Archean Timiskaming volcanic rocks. A Qualified Person (\"QP\") has not done sufficient enough work to verify the historical assay results and technica...