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White Metal Signs MOU on Namibian Copper-Silver Project to Examine Future Commercial Production Possibilities
Thunder Bay, Ontario--(Newsfile Corp. - February 11, 2020) - White Metal Resources Corp. (TSX...
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[{"type":"text","content":"White Metal Signs MOU on Namibian Copper-Silver Project to Examine Future Commercial Production PossibilitiesThunder Bay, Ontario--(Newsfile Corp. - February 11, 2020) - White Metal Resources Corp. (TSXV: WHM) (\"White Metal\" or the \"Company\") is pleased to announce that it has signed a non-binding Memorandum of Understanding (\"MOU\") with Luxury Investments One Hundred and Ninety Two (Pty) Ltd. (\"Luxury Investments\"), Kalahari Copper Ltd. (\"Kalahari\"), and Newco Management Team of South Africa (\"NMT\"). Along with White Metal, these three parties have agreed to work together on examining small-scale production possibilities in areas of Namibia covered by Exclusive Prospecting Licences (\"EPL\") controlled by White Metal (EPL 7071) and Kalahari Copper (EPLs 7082, 7079, 6998, 7081). Luxury Investments has been successfully running a small-scale mining operation in Namibia for over two years, producing approximately 200 to 250 tonnes per month of copper concentrate at a grade of 30% Cu. These small-scale operations are in close proximity to the EPLs held by White Metal and Kalahari. The parties will work in collaboration to see if the concept of small-scale mining would be effective on the Okohongo Cu-Ag deposit (White Metal) and any other prospects within the above mentioned EPLs.White Metal has recently received from the Namibian Government (Ministry of Environment and Tourism), the required Environmental Clearance Certificates (\"ECC\") for Exclusive Prospecting License 7071 (the \"Taranis Property\") and EPLs 7028, 7029, and 7030 (the \"Altan\" or \"DorWit Property\"), and with this the Company can begin its exploration programs in Namibia. The approved ECC documents give clearance for the Company to proceed with planned 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 by the potential opportunities to develop small-scale mines within our licences and look forward to working with the group. We are also pleased to have received the EEC clearance from the Namibian Government as we can now begin implementing our planned work programs an...