Copper junior poised for production in Ontario

While a large portion of the Canadian junior resource sector’s attention in recent years has been focused on developing projects in foreign ‘elephant country’ regions such as Peru, Mexico, Columbia and West Africa, White Tiger MiningCorp. (TSX: V. WTC, Stock Forum) has ‘somewhat quietly’ been delineating what could prove to be an elephant-sized copper deposit on its flagship Marshall Lake Property located 30 km by road west of Nakina, Ontario and 22km north of the main CPR railway.

The Marshall Lake Property is a Copper, Silver, Gold and Zinc exploration project that represents a compilation of numerous small tracts of land that were previously owned and worked on by various well known companies such as BHP Billiton Ltd. (NYSE: BHP, Stock Forum), Teck Resources Ltd. (TSX: T.TCK.A, Stock Forum) (TSX: T.TCK.B, Stock Forum) (NYSE: TCK, Stock Forum) and Corp. Falconbridge Copper. When these companies were working the property, the geology was poorly understood and there was little infrastructure in place. As well, the prices of Copper and Gold were $0.30-$0.60/lb and $35/oz, respectively.

In the fall of 2010, White Tiger began work on the now consolidated land package, consisting of approximately 10 km by 16 km and covering numerous significant showings of Copper, Silver, Gold and Zinc.

Figure 1

To date, White Tiger’s successful drilling efforts on the Marshall Lake Property have focused on the south-western area of the Property, in the zones known as the RM, Lease and the Gazooma North (now part of the RM Zone). Drilling in this area has proven successful, with 30 of 31 holes drilled intersecting copper mineralization over significant widths.

Some of the original results released in 2010 by White Tiger included the following:

These results, from what was formerly known as the Gazooma North Zone, were especially significant because they linked the RM Zone with the Gazooma North Zone, for a potential 325 metres of strike length of copper occurrence (which would eventually grow to 425 metres and with potentially another 200 metres strike length present). As a result, there is a current total potential of 950 metres of strike length and the zone remains open to the north and to the southeast.

Following consistent results throughout its phase one drill program in the latter half of 2010, White Tiger ‘not so quietly’ released its first drill results of 2011 in April. White Tiger announced that it had intersected two chalcopyrite stringer zones of 101 metres and 57 metres respectively in its first drill hole of its phase two drill program. Throughout the month of April, White Tiger continued to define the size of the RM Zone (which ultimately became a combination of the original RM Zone, the Lease Zone and Gazooma North Zone), and released the following positive results:

Unfortunately for White Tiger, these results hit the market as the general sell-off commenced throughout the junior resource market, resulting in its share price pulling back to current levels. Despite the market correction, White Tiger forged ahead in 2011 and continued to intersect significant copper mineralization in all but one of the 31 holes drilled.

White Tiger released the following results in November 2011:

There are several very positive things to take from White Tiger’s drilling efforts during 2010 and 2011. First, it needs to be specifically identified that the mineralization in the RM Zone is essentially all near surface. Second, White Tiger successfully linked what were three previously distinct zones of mineralization. And third, White Tiger’s focus to date has only been on approximately 1 km2 of the 160 km2 area of the mineralized host sequence of the Property (see Figure 1).

White Tiger is well positioned going into 2012 with Copper, Silver and Gold prices remaining strong, with an issued & outstanding share count of only 18,596,282 (with 17.6% Insider ownership as per the SEDI report as at February 2, 2012) and with mineralization seemingly open at depth and open in every direction from its current area of focus on the RM Zone. In addition, White Tiger has the rest of its 160 km2 of favorable geology to explore, including the Gazooma South Zone which has had some exceptional near surface past results (see chart below) and the Main Billiton Zone, which has a historical1 (non NI 43-101 compliant) resource estimate2 of approximately 1.17 million tons grading 0.82% copper, 2.71% zinc, 1.77 ounces silver and 0.006 oz. gold. With such a large and mineral-rich property to explore, White Tiger could become a valuable joint venture partner to any major player that is looking to secure a significant and expandable resource.

1 White Tiger Mining Corp. has not undertaken any independent investigation of the previous exploration work in order to verify the historical information, and therefore, such historical information should not be relied upon. However, White Tiger Mining Corp. believes that the historical information provides a conceptual indication of the potential of the mineralization and is relevant to ongoing exploration.

2 A.S. Bayne (1970)

“Gazooma South” Past Drill Results

1 GAZ-06-01 results, as reported by Rainy Mountain Royalty Corp. (formerly East West Resource Corporation) in its December 14, 2006 News Release.

2 GAZ-06-02 results, as reported by Rainy Mountain Royalty Corp. (formerly East West Resource Corporation) in its January 3, 2007 News Release.

3 GAZ-07-05 results, as reported by Rainy Mountain Royalty Corp. (formerly East West Resource Corporation) in its June 6, 2007 News Release.

Ron Coombes, President & CEO of White Tiger, indicates that the next goal for White Tiger is to drill 25 to 30 holes (5,000 metres) in the RM Zone (and the Jewel Box Zone to the northwest of the RM Zone) in Q1 and Q2, 2012. The Gazooma South Zone is also a near term high grade target that White Tiger will be drilling following some more field work to further understand the geology within this zone. Mr. Coombes anticipates that upon completion of the next planned drilling phase in 2012, an initial NI 43-101 mineral resource estimate report will be commissioned on the RM Zone. Mr. Coombes has indicated that the Company is open to options such as joint-venturing out certain portions of the large Marshall Lake Property in order to accelerate the exploration of other mineralized zones. He also confirmed that White Tiger will be continuing to methodically unfold and understand the geology and mineralization event on the Marshall Lake Property and that it intends to aggressively drill in an effort to substantiate copper tonnage on the 160 km2 property.

Under a July 2010 option agreement, White Tiger has a work commitment of $4 Million over 5 years and must issue a total of 2 Million shares to Rainy Mountain Royalty Corp. (TSX: V.RMO) over four years (to date, White Tiger has issued 800,000 shares and has spent approximately $1.5 million in exploration expenditures on the Property). Once this option earn-in is fulfilled, White Tiger will own a 50% interest in the Marshall Lake Property project with RMO and Marshall Lake Mining PLC, each owning a 25% interest. In addition, White Tiger has the further option to take the project to feasibility, and in doing so, White Tiger will obtain an additional 25% interest in the Marshall Lake Property project for a total of 75%, leaving RMO and MLM with a 12.5% interest each.

Certain information used in this article has been extracted from news releases disseminated by White Tiger Mining Corp. and by Rainy Mountain Royalty Corp., copies of which are available on SEDAR and the Companies’ websites (www.whitetigermining.com and www.rmroyalty.com). Rick Walker, P.Geo., is acting as the Qualified Person for White Tiger’s Marshall Lake Property project.

Disclosure: This article was authored by Robert A. Young, a principal of the RAYA Group of Vancouver, BC. Mr. Young has an investor relations agreement with White Tiger (since October 2010) and provides investor relations expertise that adds visibility and increased awareness of White Tiger in the investment community. The RAYA Group has performed after market services, including financial PR, corporate development and corporate finance for many mining companies over the course of the last 22 years; and Robert Young’s partner, Heather A. Conley, has an honours degree in geology. Mr. Young holds 60,000 Options and 10,000 free trading shares in White Tiger Mining Corp.