Business
White Metal Reports Assays from New Gold Zone at Gunners Cove Project, Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - July 30, 2018) - White Metal Resources Corp. (TSX ...
About this update from Thunder Gold Corp.
[{"type":"text","content":"White Metal Reports Assays from New Gold Zone at Gunners Cove Project, NewfoundlandThunder Bay, Ontario--(Newsfile Corp. - July 30, 2018) - White Metal Resources Corp. (TSXV: WHM) (\"White Metal\" or The \"Company\") is pleased to announce that it has received assay results from 15 surface grab samples from the newly discovered Totem Gold Zone (\"Totem Zone\") on the Gunners Cove Gold Project (the \"Project') in northern Newfoundland. The new zone, described as a sheared black shale and poli-lithic breccia with up to 10% pyrite in the form of nodules, cubes and stringer-style pyrite, returned assays from below detection (<5 ppb) to 820 ppb Au and averaged 221 ppb Au. White Metal is very encouraged with these results and, in the next 2 weeks, is expected to commence a programme to conduct follow up surface grab and channel samples. The Totem Zone, is located along the southeast boundary of the Gunners Cove Gold Project. The samples were collected during a recent exploration programme while Company personnel were evaluating the newly discovered Bazooka Zone, located about 9 kilometres south of the original gold discovery (see White Metal news releases dated July 3, 2018 and July 11, 2018).Jean Pierre Colin, President and CEO of White Metal stated, \"The Totem Zone has become yet another very encouraging area of the Gunners Cove Gold Project. To date, every single exploration programme at our Gunners Cove Gold Project has been noticeably successful and accretive. Accordingly, in the short term, we are seeking to ascertain the extent and importance of what we have recently discovered in Newfoundland. With the planned channel sampling, our Company's technical and on-the-ground professionals envision that this August and September 2018 could not only become the commencement of an enriching outline of this process, but also, could frame the crucial breakthrough necessary in understanding the conceivable significance of the Project for White Metal. \"Also, White Metal would like to acknowledge and thank the Government of Newfoundland and Labrador for providing funding assistance under the JCEAP program.\"Gunners Cove Gold Project The Company believes the newly discovered and underexplored Gunners Cove Gold Project is an extensive gold system that has now been traced intermittingly for 18 kilometres along strike (north to south) and m...