White Metal Partner Noronex Provides Update on Exploration Program at the DorWit Copper-Silver Project, Namibia
20 July 2021 - 10:00PM
White Metal Resources Corp. (TSXV: WHM)
(
FRA: CGK1) (
OTCMKTS: TNMLF)
(“White Metal” or the “Company”) is pleased to provide an update
from its Australian joint venture partner Noronex Limited (ASX:
NRX) (“Noronex”) on their current exploration program at the DorWit
Copper-Silver Project (the “Property” or “Project”) in Namibia (see
Noronex ASX news release dated 8 July 2021). The Namibian Project
comprises three Exclusive Prospecting Licences (EPLs) that cover
78,000 hectares, referred to as the Witvlei (EPL 7028 and EPL 7029)
and Dordabis (EPL 7030) properties. The Project is prospective for
sedimentary hosted Cu-Ag mineralisation within the prolific
Kalahari Copper Belt that spans Namibia and Botswana.
Michael Stares, President & CEO of White
Metal, stated, “This is great news for our shareholders and I am
very pleased to have Noronex as a partner. They continue to
demonstrate that they are very committed to moving the DorWit
copper-silver project forward and have outlined some exceptional
copper targets for drilling. I look forward to receiving the
results from the upcoming drilling program.”
Highlights
- Field visits by the Noronex team
were undertaken in May and June to finalise drill planning.
The visits confirmed sub-cropping copper mineralisation at
geochemistry soil targets.
- Five high priority prospects
defined for drill testing for large scale sediment hosted copper
deposit including:
- sub-cropping copper at Dalheim with
two-kilometre strike extent.
- gossan float at Gemboksvlei on a
one-kilometre-long copper soil anomaly.
- outcropping copper at Otjiwaru over
an 800 m wide zone.
- a 2.5 by 1.2 km copper-in-soil
anomaly in an altered structural zone south of Okasewa.
- unexplained
copper soil anomalies at the Christiadore prospect.
- Access agreements have been signed
with landowners for the commencement of drilling, and a contract
with a suitable drilling contractor is currently being
finalised.
- A program of over fifty holes is
being planned to test these targets.
- Trial IP survey is also planned at
Gemboksvlei and Okasewa to define their IP signature.
- Meetings were held in-country with
the Ministry of Mines, consultants appointed, and a subsidiary
company and bank accounts established.
For additional information on the DorWit
copper-silver project, please click the following link:
https://www.whitemetalres.com/dorwit-cu-ag.html
Qualified PersonTechnical
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 NI 43-101.
About White Metal Resources
Corp.:White Metal Resources Corp. is a junior exploration
company exploring in Canada and southern Africa. The company’s two
key properties are the Flagship Tower Stock Gold Project in Thunder
Bay, Ontario, Canada and the Okohongo Copper-Silver Project in
Namibia, Africa. For more information about the Company please
visit www.whitemetalres.com.
On behalf of the Board of
Directors
"Michael Stares"President & CEO
For further information
contact:Michael StaresPresident & CEOWhite Metal
Resources Corp.684 Squier StreetThunder Bay, ON P7B 4A8Phone: +1
(807) 358-2420
Nancy MassicotteInvestor RelationsWhite Metal
Resources Corp.Phone: +1 (604) 507-3377TF: +1 (866)
503-3377ir@whitemetalres.com
THE TSX VENTURE EXCHANGE HAS NOT
REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
The information contained herein contains
"forward-looking statements" within the meaning of applicable
securities legislation. Forward-looking statements relate to
information that is based on assumptions of management, forecasts
of future results, and estimates of amounts not yet determinable.
Any statements that express predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance are not statements of historical fact and may be
"forward-looking statements."
Forward-looking statements are subject to a
variety of risks and uncertainties which could cause actual events
or results to differ from those reflected in the forward-looking
statements, including, without limitation: risks related to failure
to obtain adequate financing on a timely basis and on acceptable
terms; risks related to the outcome of legal proceedings; political
and regulatory risks associated with mining and exploration; risks
related to the maintenance of stock exchange listings; risks
related to environmental regulation and liability; the potential
for delays in exploration or development activities or the
completion of feasibility studies; the uncertainty of
profitability; risks and uncertainties relating to the
interpretation of drill results, the geology, grade and continuity
of mineral deposits; risks related to the inherent uncertainty of
production and cost estimates and the potential for unexpected
costs and expenses; results of prefeasibility and feasibility
studies, and the possibility that future exploration, development
or mining results will not be consistent with the Company's
expectations; risks related to gold price and other commodity price
fluctuations; and other risks and uncertainties related to the
Company's prospects, properties and business detailed elsewhere in
the Company's disclosure record. Should one or more of these risks
and uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those
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against attributing undue certainty to forward-looking statements.
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the Company does not assume any obligation to update or revise them
to reflect new events or circumstances. Actual events or results
could differ materially from the Company's expectations or
projections.
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at
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