Very Positive Phase 1 so far, Stage set for major Gold find Very positive Phase 1 so far, sets the stage for major Gold find in Phase 2 (Plus don't forget Copper- Silver resource is on tap in Namibia this Q2). The Tower Stock Gold Project has been drilled on and off for the last 30 years by past operators, however this 2021 was White Metal Resources maiden drill program since acquiring. White Metal has accomplished a range of objectives to date; got a lay of the land, affirm theories of some previously untested and underexplored zones resulting in the new Ellen Zone Gold discovery, build on quality intercepts in others, and set the stage for proving the big multi-million ounce potential many experts acknowledge is possible. The 3D-IP has some very exciting targets lined up for Phase 2. Namely TS-02 and TS-04;
NEWS EXCERPT May 13, 2021 - White Metal 3D-IP Geophysical Survey Correlates with New Ellen Zone Gold Discovery and Provides Multiple Targets for Phase 2 Drilling Program at Tower Stock Gold Project, Ontario
White Metal Resources Corp. (TSXV:WHM) (FRA: CGK1) (“White Metal” or the “Company”) is pleased to report that it has received the final report in regards to the DasVision 3D Induced Polarization (“IP”) survey completed by Abitibi Geophysics (“Abitibi”) on the Tower Stock Gold Project (the “Property” or the “Project”). The Property, which until now 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 covers approximately 1,968 hectares.
The 3D-IP survey revealed a number of anomalies with the most notable anomaly, TS-02, encompassing the area of the newly discovered Ellen Zone (see Company news release dated April 20, 2021). This anomaly exhibits a broad arcuate shape covering approximately 750 x 300 metres and appears to flank the western edge of the Tower Mountain Intrusive Complex (“TMIC”). It can be traced as far north as the southeast end of the U-V Zone and encompasses the A Zone and the Bench Zone to the south and east, respectively. The Ellen Zone appears to flank the western edge of the IP anomaly and results returned from drill hole TM-21-94 and a number of gold-bearing surface samples, suggests a direct correlation with gold mineralization. This anomaly also correlates with a high gold index according to the interpretation completed by Abitibi (Gold Index = (chargeability2 x resistivity) / 1000). The TS-02 anomaly is ranked as a high priority target due to the inclusion and proximity of known gold occurrences and will require extensive surface work and follow up drilling.
Another high priority anomaly, TS-04, is located about 300 metres northeast of the eastern end of the U-V Zone, exhibiting a combination of high changeability/resistivity and is traceable for about 1 km to the southeast. The northern extent of the anomaly underlies the area of historical diamond drill hole TM-02-05, completed by ValGold Resources Ltd., which intersected 6.0 metres grading 2.4 g/t Au.
Michael Stares, President and CEO of White Metal, commented, “We are very pleased with the outcome of the 3D-IP survey, it has added to our already expanding data base and will give us additional targets for follow-up in order to explain the sources of the anomalies. It is particularly exciting to see that one of the anomalies, TS-02, covers the area of the new Ellen Zone and I look forward to following up on this particular anomaly. I am very confident that our exploration work will continue to enhance the Property and advance our understanding of the new and known gold targets within the Tower Stock Gold Project”. ##