Business
White Metal Receives Government Approval to Begin Exploration Activities on Its Namibian Copper-Silver Properties
Thunder Bay, Ontario--(Newsfile Corp. - January 7, 2020) - White Metal Resources Corp. (TSXV:...
About this update from Thunder Gold Corp.
[{"type":"text","content":"White Metal Receives Government Approval to Begin Exploration Activities on Its Namibian Copper-Silver PropertiesThunder Bay, Ontario--(Newsfile Corp. - January 7, 2020) - White Metal Resources Corp. (TSXV: WHM) (\"White Metal\" or the \"Company\") is pleased to announce that it has received from the Namibian Government (Ministry of Environment and Tourism), the required Environmental Clearance Certificates (\"ECC\") for Exclusive Prospecting License (\"EPL\") 7071 (the \"Taranis Property\") and EPLs 7028, 7029, and 7030 (the \"Altan\" or \"DorWit Property\"), clearing the way for the Company to begin its exploration programs in Namibia. The Company is planning to complete several geophysical surveys and drilling programs in the coming months. The Taranis and DorWit properties are held by White Metal's 100% owned Namibian subsidiary companies Aloe 238 and Aloe 237, respectively (see Company news release dated June 18, 2019).Michael Stares, Interim President & CEO of the Company, stated, \"I am very encouraged to have received the EEC clearance from the Namibian Government and now we can begin planning the work programs to advance the properties.\"The Taranis Property (EPL 7071), covering about 19,850 ha, includes the Okohongo Copper-Silver Deposit (\"Okohongo Project\") which has been outlined by historical drilling, showing it extends over 600 metres in strike length, 400 metres down-dip, and is open in all directions (see INV Metals news release dated August 3, 2011). The Okohongo deposit, situated within the Kaoko Belt of northwest Namibia about 700 km northwest of Windhoek, is hosted by metasedimentary stratigraphy and is considered to be analogous with the stratiform sediment-hosted Central African Copperbelt deposits of Zambia and the Democratic Republic of the Congo. This deposit contains historical Inferred Mineral Resources of 10.2 million tonnes grading 1.12% Cu and 17.75 g/t Ag, using a 0.3% Cu cut-off (Table 1; INV Metals Inc. NI 43-101 Technical Report, Effective Date March 31, 2011).Table 1. Historical Mineral Resources for the Okohongo Copper-Silver Project, Namibia.Cut-offSpecific GravityTonnesCu (%)Ag (g/t)Cu (tonnes)Ag (ounces)Category0.02.45 11,691,539 1.0115.85 117,645 5,957,874 Inferred0.12.45 11,682,796 1.0115.86 117,640 5,957,640 Inferred0.22.45 11,453,414 1.0216.13 117,219 5,940,047 Inferred0.32.45 10...