White Tiger Mining Corp.: RM Zone Drill Core Continues to Develop Copper, Silver and Gold Deposit for the Marshall Lake Prope...
22 November 2011 - 6:42AM
Marketwired
Further to the Company's news release of November 9, 2011 (ie.
assay results for drill hole RMZ 11-25), White Tiger Mining Corp.
(the "Company" or "White Tiger") (TSX VENTURE:WTC)(FRANKFURT:W0I)
is pleased to report the assay results from core drill holes RMZ
11-29 and RMZ 11-30. Drill holes RMZ 11-29 and RMZ 11-30 were
designed as infill holes in an effort to establish the continuity
of mineralization between previously drilled holes. Additionally,
RMZ 11-30 was drilled at a southwest orientation to intercept the
stringer mineralization at a high angle and to verify the estimated
true width of the "RMZ Zone" as previously reported by the
Company.
The assay results for drill hole RMZ 11-29 and RMZ 11-30 are as
follows:
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From To Width Ag Au
Hole Number (metres) (metres) (metres) Cu (%) (g/tonne) (g/tonne)
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RMZ 11-29 155 182 27 0.45 1.7 0.016
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RMZ 11-30 115 154 39 0.25 1.6 0.040
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including 115 119 4 0.50 3.9 0.166
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and 145 149 4 0.44 2.3 0.019
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The true width of mineralization in RMZ 11-29 is estimated to be
66% of the mineralized intersection and the true width of
mineralization in RMZ 11-30 is estimated to be 90% of the
mineralized intersection.
The Marshall Lake Property is a copper, silver and gold
exploration project located 30 km west of Nakina, Ontario and is
accessible via a good all weather gravel road from Hwy 11 and is 22
km north of the main CNR rail line.
With the successful assay results to date, the Company intends
to develop a structural and geological model of the RM Zone in an
effort to determine the extent of further potential mineralization
within the RM Zone. Assays for other recently completed core drill
holes RMZ 11-20, -22, -26, -27 and -28 are pending and will be
released when received and reviewed by the Company.
Drill core was split at the Marshall Lake property and sample
preparation was done by ALS Chemex in Thunder Bay, Ontario. Pulp
samples (less than 75 microns) were then sent by secure courier to
ALS Chemex in North Vancouver, British Columbia and analyzed by ICP
spectrometer ("ICP") using a 0.5g representative pulp dissolved in
Aqua Regia (3 acid) digestion. All samples grading over 1.0% copper
were re-assayed with ore grade ICP and Aqua Regia digestion. Gold
analysis was done on a 30 gram sample by fire assay extraction with
AA ("Atomic Absorption") finish.
White Tiger has the option to earn a 50% interest in the
Marshall Lake project from Rainy Mountain Royalty Corp. ("Rainy
Mountain") (TSX VENTURE:RMO) and Marshall Lake Mining PLC ("MLM")
by spending $4 million in exploration expenditures over 5 years and
issuing 2 million shares over 4 years to Rainy Mountain. As well,
White Tiger has the additional option to increase its interest to
75% by incurring such additional expenditures as are necessary to
take the project to bankable feasibility stage.
This news release has been reviewed and approved by Rick Walker
P.Geo., who is acting as the Company's Qualified Person for the
Marshall Lake property project, in accordance with regulations
under NI 43-101.
White Tiger Mining Corp.
Ronald Coombes, President & CEO
This news release includes certain statements that may be deemed
"forward-looking statements" within the meaning of applicable
securities legislation. All statements, other than statements of
historical facts, that address such matters as future exploration,
drilling, exploration activities, potential mineralization and
resources and events or developments that the Company expects, are
forward looking statements and, as such, are subject to risks,
uncertainties and other factors of which are beyond the reasonable
control of the Company. Such statements are not guarantees of
future performance and actual results or developments may differ
materially from those expressed in, or implied by, this
forward-looking information. Factors that could cause actual
results to differ materially from those in forward-looking
statements include such matters as market prices, exploitation and
exploration results, continued availability of capital and
financing, and general economic, market or business conditions. Any
forward-looking statements are expressly qualified in their
entirety by this cautionary statement. The information contained
herein is stated as of the current date and subject to change after
that date and the Company does not undertake any obligation to
update publicly or to revise any of the forward-looking statements,
whether as a result of new information, future events or otherwise,
except as may be required by applicable securities laws.
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.
Contacts: White Tiger Mining Corp. Mr. Clive Shallow Shareholder
Communications 604-922-2030 604-922-2037 (FAX) White Tiger Mining
Corp. Robert A. Young Investor Relations
604-682-5123info@whitetigermining.comwww.whitetigermining.com
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