Business
White Metal to Begin Exploration Programs on Several Ontario Projects
Thunder Bay, Ontario--(Newsfile Corp. - April 24, 2019) - White Metal Resources Corp. (TSXV:...
About this update from Thunder Gold Corp.
[{"type":"text","content":"White Metal to Begin Exploration Programs on Several Ontario ProjectsThunder Bay, Ontario--(Newsfile Corp. - April 24, 2019) - White Metal Resources Corp. (TSXV: WHM) (\"White Metal\" or the \"Company\") is pleased to announce that it will soon begin its exploration programs on its Ontario projects. The projects include the English Bay IOCG property, the Big Bend and 11/17 Ni-Cu-PGE properties, the Iris Lake Gold project, and the Far Lake Copper property. The first round of work on these projects is planned to include prospecting, mapping, and soil sampling where it proves favourable. Second phase follow up programs are planned for late summer or early fall and may include trenching and drilling of any favourable targets outlined by the Phase 1 program.The English Bay Property, located approximately 200 km north of the Great Lakes port City of Thunder Bay, was acquired 100% through staking. Mapping by the Ontario Geological Survey (C.A MacDonald, Open File Report 6136, 2004) suggested that the Mesoproterozoic English Bay Porphyry (\"EBP\") fits the Iron-Oxide-Copper-Gold (\"IOCG\") deposit model, including breccias with hematite, epidote, sericite, and silica alteration. In addition, U/Pb zircon age dating by Davis and Sutcliffe (1985) returned an estimated crystallization age of 1537+10/-2 Ma, pointing out that this is approximately the same age as the Olympic Dam Porphyry in Australia, the type-locality for the IOCG model.Drilling by East West Resources between 2002 and 2006 intercepted elevated tin (Sn) of up to 0.1% Sn, 0.05% Ta (tantalum), 0.06% Nb (niobium), and 10 g/t Ag (silver) over 3.0 metres in diamond drill hole HAV02-03. Also noted in diamond drill hole HAV05-09 was sulfide-rich iron formation with assays of up to 39.9 g/t Ag. These assays are interpreted to indicate the IOCG potential of the English Bay Porphyry.The Company is planning a Phase 1 work program at English Bay to include mapping and prospecting of favourable target areas followed by a Phase 2 program which is planned to include trenching and drilling of any favourable targets developed during the Phase 1 program. The 11/17 and Big Bend properties, acquired 100% through staking, are located approximately 100 km west of the City of Thunder Bay. The properties were acquired for their magmatic sulphide (copper, nickel, platinum, palladium) potential on the...