White Tiger Mining Corp.: RM Zone Drill Core Continues to Develop Copper, Silver and Gold Deposit for the Marshall Lake Property, Ontario
21.11.2011 | Marketwired
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Nov. 21, 2011) - 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:
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 (<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.
Contact Information
White Tiger Mining Corp.
Mr. Clive Shallow, Shareholder Communications
604-922-2030
White Tiger Mining Corp.
Robert A. Young, Investor Relations
604-682-5123
www.whitetigermining.com
The assay results for drill hole RMZ 11-29 and RMZ 11-30 are as follows:
Hole Number From (m) To (m) Width (m) Cu (%) Ag (g/t) Au (g/t)
RMZ 11-29 155 182 27 0.45 1.7 0.016
RMZ 11-30 115 154 39 0.25 1.6 0.040
including 115 119 4 0.50 3.9 0.166
and 145 149 4 0.44 2.3 0.019
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 (<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.
Contact Information
White Tiger Mining Corp.
Mr. Clive Shallow, Shareholder Communications
604-922-2030
White Tiger Mining Corp.
Robert A. Young, Investor Relations
604-682-5123
www.whitetigermining.com