White Tiger Mining Corp.: "RM Discovery" Yields Wide Copper Zones at Marshall Lake Property, Ontario
2011年4月21日 - 2:03AM
Marketwired
White Tiger Mining Corp. (TSX VENTURE: WTC)(FRANKFURT: W0I) -
Further to the Company's news releases of April 5 and April 11,
2011 (drilling results announced), White Tiger Mining Corp. (the
"Company" or "White Tiger") is very pleased to report the assay
results from drill hole RMZ11-21 for the Marshall Lake project in
Ontario.
Drill hole RMZ11-21 was designed to test the western extension
of the "RM Zone", which drill hole is located 300 metres southwest
of the initial discovery (drill hole GAZN08-06 and follow up drill
hole GAZN10-15, as referred to in White Tiger's news releases dated
November 3, 2010 and April 5, 2011). The Company believes that the
two mineralized zones intersected by drill hole RMZ11-21 indicate
that the RM Zone extends along strike to the west and that the
Lease Zone showing extends along strike to the east (which occurs
100 metres west of hole RMZ11-21).
The assay results for the RM Zone portion of drill hole RMZ11-21
are as follows:
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Hole From To Width Cu Ag Au
Number (metres) (metres) (metres) (%) (g/tonne) (g/tonne)
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RMZ11-21 132 190 58 1.00 4.4 0.084
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Including 149 182 33 1.53 6.8 0.127
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And 155 160 5 3.73 16.4 0.308
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Including 158 160 2 6.25 28.6 0.540
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Including 159 160 1 8.85 38.6 0.826
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The true width of the mineralized zones is estimated to be 66% of the
mineralized intersection.
Drill hole RMZ11-23 was collared 25 metres south and was drilled
beneath drill hole RMZ11-21. Assays are pending for drill hole
RMZ11-23 and will be released when received and reviewed by the
Company. The reported mineralization supports the possibility of an
eastward trend from the Lease Zone showing. The IP geophysical
survey and core drilling completed in November 2010 indicate a
potential strike length of 625 metres for the RM Zone (see news
releases dated November 3, 2010 and November 17, 2010).
The assay results for the Lease Zone portion of drill hole
RMZ11-21 are as follows:
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Hole From To Width Cu Ag Au
Number (metres) (metres) (metres) (%) (g/tonne) (g/tonne)
---------------------------------------------------------------------------
RMZ11-21 12 95 83 0.30 1.3 0.037
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Including 12 30 18 0.59 2.8 0.091
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And 12 72 60 0.37 1.7 0.045
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Including 19 25 6 1.08 5.4 0.183
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Including 68 72 4 1.30 5.7 0.081
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The true width of the mineralized zones is estimated to be 66% of the
mineralized intersection.
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.
The Marshall Lake Property is a copper, silver and gold
exploration project located 30 km west of Nakina, Ontario, with
access via good all weather gravel road from Hwy 11 (and 22 km
north of the main CNR rail line).
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 Robert
Middleton, P.Eng., 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 604-682-5123
info@whitetigermining.com www.whitetigermining.com
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