Sep 14 2016
White Metal Resources Corp. ("White Metal" or the "Company) is pleased to announce that the diamond drill program on their Dorothy-Dobie gold property has commenced and the first hole is underway at the Dobie gold zone. The property, situated in the historic Pickle Lake gold camp, is located 7 kilometers northwest of the historic Golden Patricia mine that produced 619,796 ounces of gold (1,216,165 tonnes of ore grading 0.51 oz per tonne) from 1983 to 1997.
The Dobie gold zone is considered to contain a historical resource of 50,000 ounces of gold contained in 301,000 tonnes grading 5.5 grams per tonne Au. This resource estimate was calculated by Bond Gold Canada Inc. prior to CIM National Instrument 43-101 guidelines and as such should only be considered from a historical point of view and not relied upon until verified by a qualified person. The diamond drill program is designed to test the western extension of the zone where Manicouagan Minerals Inc. completed diamond drill holes DOB-09-12, -13, and -14 in 2009. These holes were successful in not only extending the known gold mineralization an additional 180 metres along strike to the west but also identifying a potential bulk tonnage gold exploration target. Further, White Metal believes that there is potential for higher grade underground gold resources as the mineralized gold horizon was only tested to a depth of 100 metres.
White Metal is also pleased to announce that it has signed a Memorandum of Understanding ("MOU") with both Slate Falls and Cat Lake First Nations. The MOU ensures that White Metal and both First Nation communities will work together to build a positive working relationship with respect to the Dorothy-Dobie gold project and other potential future projects in the area. The MOU will also ensure that the communities will benefit from economic growth should any economic mineral resources be discovered and developed.
White Metal Resources (TSX VENTURE:WHM) is a junior mineral exploration company exploring in Canada and currently has 30,641,073 common shares issued and outstanding.
On behalf of the Board of Directors of White Metal Resources Corp.
Michael Stares, President and CEO
Source: http://www.whitemetalres.com/