The Little Joanna Gold Property is one of several newly optioned properties (see News Release dated October 23, 2018). The Property is located approximately 25 km northeast of the town of Glenwood, is accessible by supply roads that originate from either Glenwood or Birchy Bay, and comprises 280 claim units, covering 7000 hectares It is situated approximately 45 km northeast of Sokoman Minerals Corporation’s Moosehead Gold Project. Sokoman Minerals (previously Sokoman Iron) announced their gold-bearing discovery hole (Sokoman news release dated July 24, 2018), reporting an assay result of 44.96 g/t Au over 11.90 metres (from 109.00 to 120.90 metres).
The Property covers a new high-grade gold discovery in an area with little known exploration. The main Little Joanna gold showing is a 25 to 31 cm wide compact quartz vein within a highly altered, carbonated sedimentary mélange of shale, conglomerate and siltstone. Hand trenching by the vendors exposed the vein for a couple of metres. Fine, visible gold is observed throughout the vein and selected grabs samples by the Vendor assayed up to 734 g/t Au (23 oz/ton Au) and their average sampling of the quartz vein is approximately 189 g/t Au (5.9 oz/t Au.). As much of the Property is covered by overburden, the Company believes that significant potential exists for the discovery of additional gold-bearing quartz veins. Due diligence sampling was completed by the Company in late 2018 (see News Release dated November 2, 2018).
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.
For more information you can visit the company’s Web Page at www.whitemetalres.com.
About White Metal Resources Corp (TSXV: WHM):
White Metal Resources Corp is a junior exploration company exploring in Canada and currently has 35,691,073 common shares issued and outstanding.
On behalf of the Board of Directors of White Metal Resources Corp.
Michael Stares, Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
684 Squier Street
Thunder Bay, Ontario, Canada, P7B 4A8
Phone: (807) 628-7836
Fax (807) 475 7200
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43480