White Metal Resources Corp. WHM.V presents an exceptional opportunity with exposure to gold, copper and silver on two fronts, as well as a portfolio of other assets
White Metal Resources Corp. (TSX: WHM)
– Mining market observation log
NEW YORK, NY, UNITED STATES, May 25, 2021 /EINPresswire.com/ – White Metal Resources Corp. (TSX-V: WHM) (US Listing: TNMLF) (Frankfurt: CGK1) is a Canada-based junior exploration mining company that has gone from a pure project generator model to advancing two major projects; 1) its recently optional Tower Stock Gold project in Ontario, and 2) its 95% owned Okohongo Copper-Silver project in Namibia, in addition to owning a series of other projects.
Recent Highlights of the Tower Stock Gold Project, Ontario: The 3D-IP geophysical survey provides multiple targets for the Phase 2 drilling program, the collision potential of the bank area extended to 2.1 km, the plans of Additional drilling of phase 1 and the new discovery of the “ Ellen ” gold zone of 82.5 meters of 1.7 g / t gold (including 45 meters of 3.0 g / t gold). Located in the Shebandowan Greenstone Belt ~ 40 km west-northwest of the port city of Thunder Bay, Ontario, Canada. The project hosts a large disseminated gold system associated with syenite, a type similar to the deposits of the Kirkland Lake and Malartic gold camps, and the Young-Davidson mine (Alamos Gold). The project has a historic resource on the UV & Bench areas which has seen historic drilling like Inco, Noranda, Avalon and finally ValGold – previous work over the past 30 years has only scratched the surface (~ 200m depth) in some areas along the contact region with the intrusive complex, and many holes terminated in the target gold mineralization. The White Metal geological team takes an approach that examines the gold potential of several million ounces of the intrusive syenite rock using a modern systematic approach and with better understanding.
Check out the following two latest press releases regarding the Tower Stock Gold project:
Recent highlights of the Tarnis Copper-Silver project: White Metal reports 23.0 meters of 2.31% Cu, 46.3 g / t Ag including 4.0 meters of 4.74% Cu, 65.1 g / t Ag RC Final Drill Results, Taranis Copper-Silver Project, Namibia. White Metal Resources has completed the drilling necessary to bring the historic mineral resources of its Tarnis (Okohongo) copper-silver deposit in Namibia into compliance with NI 43-101. Located in the Kaoko Belt in northwestern Namibia, about 700 km northwest of Windhoek, it is hosted by metasedimentary stratigraphy and is considered analogous to the Central African Copper Belt (CAC) deposits hosted by stratiform sediments from Zambia and the Democratic Republic of the Congo. White Metal’s Okohongo deposit contains historical inferred mineral resources of 10.2 million tonnes grading 1.12% Cu and 17.75 g / t Ag, using a threshold of 0.3% Cu (INV Metals Inc., NI 43-101 Technical Report, effective March 31, 2011). The new resource is expected this Q2-2021 and will add significant tangible value.
See the most recent press release regarding the Tarnis Copper-Silver project:
WHM.V currently has a nominal market capitalization of ~ C $ 14 million (126,724,750 shares trading at ~ C $ 0.11). WHM.V’s share price is likely to appreciate from the current trading price as the news continues, and the importance of what White Metal owns is better appreciated by the market. market, reflecting the growing intrinsic value of its many projects. The company has a lot of moving parts as it also maintains a large portfolio of quality projects through its approach as a project builder. As is often the case with project builders, the sum of the parts is greater than the whole until market knowledge kicks in – over time, if management makes the right decisions, markets are cyclical. cooperate and geological / exploration success prevails, savvy investors can be greatly rewarded, WHM.V is certainly approaching an inflection point.
For more information about White Metal Resources Corp., the following URLs have been identified:
Company Website: https://www.whitemetalres.com
Recent Mining MarketWatch Journal review: https://miningmarketwatch.net/whm.htm
The above content is provided for informational purposes and does not constitute a solicitation to buy or sell any of the securities mentioned. The Equity Research Group is responsible for the content of this Watchlist information release.
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