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White Metal to Drill at Shebandowan Gold Property, Ontario
Thunder Bay, Ontario--(Newsfile Corp. - October 19, 2018) - White Metal Resources Corp. (TSXV...
About this update from Thunder Gold Corp.
[{"type":"text","content":"White Metal to Drill at Shebandowan Gold Property, OntarioThunder Bay, Ontario--(Newsfile Corp. - October 19, 2018) - White Metal Resources Corp. (TSXV: WHM) (\"White Metal\" or the \"Company\") is pleased to announce that the Company will begin drilling its 100% owed Shebandowan Gold Property (the \"Property\"), located in northwestern Ontario, Canada. The diamond drilling program is planned to consist of 3 holes totalling approximately 500 metres, and will follow-up on an area where former owner, Benton Resources Inc., intersected a gold zone assaying 19.5 g/t Au over 0.80 metres at a depth of 262 metres (drill hole SH-11-003). The current drilling program will be focused on drilling up-dip of hole SH-11-003 in order to test for the near-surface expression of the gold zone. The other two diamond drill holes are planned to be approximately 50 metre step-outs from the first drill hole in order to test the strike extent of the same gold zone.The Shebandowan Gold Property is located in the Burchell Lake, Greenwater Lake and Kashabowie Lake areas in the Thunder Bay Mining District, approximately 100 kilometres west of the port City of Thunder Bay, Ontario. The Property also hosts the historic Vanguard polymetallic metal deposit from which Noranda Inc. reported a historic non-compliant National Instrument 43-101 mineral resource, stating the Vanguard West zone hosts 200,000 tonnes of 1.3% Cu, 1-2% Zn, 8.26 g/t Ag, and 4-6 g/t Au, and the Vanguard East zone hosts 100,000 tonnes of 1.8% Cu, 3-6% Zn, 6.8 g/t Ag, and 4-6 g/t Au. These non-compliant mineral resources are historical in nature and are not considered current resources with respect to the definitions defined by National Instrument 43-101 and CIM Definition Standards on Mineral Resources and Mineral Reserves.To the southwest, adjacent to the historic Vanguard deposit, are the former producing North Coldstream Copper-Silver-Gold Mine (1960's historic production of 102 million lbs of copper, 440,000 ounces of silver, and 22,000 ounces of gold produced from 2.7 million tons of ore; OGS Mineral Deposit Inventory, 2000), and the Osmani Gold Deposit (formerly the East Coldstream Deposit) containing National Instrument 43-101 Indicated Mineral Resources of 3.5 million tonnes at an average grade of 0.85 g/t Au, and Inferred Mineral Resources of 30.5 million tonnes at an average grade...