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Thunder Gold Corp V.TGOL

Alternate Symbol(s):  TGOLF

Thunder Gold Corp. is a Canada-based junior exploration company focused on gold discovery in Canada. The Company’s flagship asset is the Tower Mountain gold property, which is located approximately 50 km west-northwest of Thunder Bay, Ontario, just south of the Trans-Canada highway. The Tower Mountain Gold Property consists of 115 single cell mining claims, 64 optioned claims, 11 boundary claims, one owned patent and five patents held under option, totaling 2,650 hectares. Its PEN gold property (PEN) is a greenfield exploration opportunity located four km north of Equinox’s Greenstone Project. PEN is located over 275 km northeast of Thunder Bay, Ontario. Its Seagull PGE Property (Seagull) consists of 349 single cell mining claims, totaling 7,370 hectares. The Seagull property is located north of Lake Superior within Mesoproterozoic rocks of the Southern Province of the Canadian Shield. Its other property includes Dor-Wit, Okohongo, Far Lake, Seagull Lake, Shebandowan and Startrek.


TSXV:TGOL - Post by User

Post by sueronon Feb 24, 2021 4:05pm
259 Views
Post# 32650060

White Metal completes three drill holes at Tower Stock

White Metal completes three drill holes at Tower StockNot saying to buy or sell.

 

White Metal completes three drill holes at Tower Stock

2021-02-24 10:34 PT - News Release
Shares issued 97,893,211
WHM Close 2021-02-23 C$ 0.125

Mr. Michael Stares reports

WHITE METAL PROVIDES UPDATE ON DRILLING AT THE TOWER STOCK GOLD PROJECT, ONTARIO

White Metal Resources Corp. has now completed three diamond drill holes on the Tower Stock gold property. To date, the Company has completed a total of 600 m of core drilling of the planned 4,000 m drilling program. The Tower Stock Project, which has not seen any exploration activity for more than eight years, is located about 40 km west-northwest of the port city of Thunder Bay, Ontario and consists of 81 Single Cell Mining Claims, 11 Single Cell Boundary Claims, four freehold land grants or patents, covering about 1 941 hectares.

Michael Stares, President and CEO of White Metal, commented, "I am pleased with the progress to date and our team has been working hard preparing drill core samples for analysis. We still have numerous drill targets to test and look forward to reporting drill results as they come in. We are also eagerly awaiting results and interpretation of the DasVision IP Survey (see Company news release dated February 17, 2021), which we anticipate to be completed late March 2021. We're confident it will greatly benefit our exploration program in delineating known targets and generating new ones, as well as assisting in interpretation and modelling of the extensive gold mineralization system which characterizes the overall Tower Mountain Gold Project."

The first two diamond drill holes were designed to test the H Zone area in which sampling from last fall's prospecting program outlined gold mineralization over a strike length of at least 100 m (see Company news release dated December 10, 2020). The H Zone drill holes intersected strong to moderate potassic alteration within a broad package of volcaniclastics over the entire length of the drill holes, with pyrite mineralization noted over widths up to 50 m. All samples from these two holes have recently been submitted to Activation Laboratories in Thunder Bay, Ontario.

The third hole is an extension of TM-04-23, a hole drilled by Val Gold in 2004 in the UV Zone, and which was stopped at 300 m. White Metal has extended this drill hole a further 154 m to test for the possible down dip extension at 70 m below the U-V Zone, as intersected in historical hole TM-04-24, which returned 70.5 m (264.0-334.5 m) of 1.07 g/t Au. Core logging shows that mineralization, alteration and brecciation observed in the extension of TM-04-23 is very similar to the mineralized zone (264.0-334.5 m) noted in TM-04-24.

The Company also announces that the TSX Venture Exchange has excepted the Anderson Property agreement submittal (see Company news release dated February 2, 2021).

A Qualified Person ("QP") has not done sufficient enough work to verify the historical assay results and technical information reported herein.

Technical information in this news release has been reviewed and approved by Dr. Scott Jobin-Bevans (P.Geo.), Vice President Exploration and a Director of White Metal, who is a Qualified Person under the definitions established by the National Instrument 43-101.

About White Metal Resources Corp (TSXV: WHM):

White Metal Resources Corp is a junior exploration company exploring in Canada.

We seek Safe Harbor.

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