White Tiger Mining Corp.: Further Exploration Program Updates at Marshall Lake
26.08.2014 | Marketwired
BURNABY, BRITISH COLUMBIA -- (Marketwired - Aug 26, 2014) - White Tiger Mining Corp. (the "Company" or "White Tiger") (TSX VENTURE:WTC) (FRANKFURT:W0I) is pleased to provide its first exploration update since May 22, 2013 wherein White Tiger reported its comprehensive review of successful significant drill results to date for its Marshall Lake property. The Marshall Lake property is an advanced exploration stage copper, silver and gold project located 120 km north of Geraldton, Ontario (via a good all weather gravel road from Hwy 11/Trans Canada Hwy, and just 22 km north of the main CNR rail line).
On May 22, 2013 - the Company reported a two - core drill hole program at the "RM Zone. The program was recommended by Caracle Creek International Consultants "Caracle Creek" of Toronto to test their reliability of 3D inversion of Induced Polarization modelled targets within the RM Zone. Both drill holes RM-13-40 and RM-13-41 successfully intersected significant grades and widths of copper, silver and gold. Selected highlights of certain assay results from the Company's drill programs on the Marshall Lake property (from 2006 to present) for the "RM Zone" (and adjacent zones) are summarized in the following table:
Note: a complete summary of assay result highlights is found in the pages on the Company's website and in previous news releases.
SCOPE OF WORK NOW UNDERWAY AT CARACLE CREEK
White Tiger commissioned Caracle Creek to merge several generations of geophysical source data into a high quality 3-D inversion model to further evaluate the potential of numerous other known mineralized copper showings between the RM Zone of stringer style of copper, silver and gold along the 4km distance east progressing up-section to the Volcanogenic Massive Sulphide "VMS" historical Billiton Deposit of copper, silver, and zinc. The program now underway is expected to be completed in four to six weeks.
The Billiton resource is historical in nature and although the Company believes the work was done to competent high standards of the day and is reported to remain open to both depth and along strike the Company plans to complete a full technical review to NI 43 -101 compliant standards.
This news release has been reviewed and approved by Gordon Gibson, 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 standards.
White Tiger Mining Corp.
Edward Yurkowski
President and CEO
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed "forward-looking statements". 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. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. 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.
Contact
White Tiger Mining Corp.
Jimmy Mah, CFO
jmah@whitetigermining.com
White Tiger Mining Corp.
Ron Coombes
Mobile 604 724 2369
rcoombes@whitetigermining.com
www.whitetigermining.com
On May 22, 2013 - the Company reported a two - core drill hole program at the "RM Zone. The program was recommended by Caracle Creek International Consultants "Caracle Creek" of Toronto to test their reliability of 3D inversion of Induced Polarization modelled targets within the RM Zone. Both drill holes RM-13-40 and RM-13-41 successfully intersected significant grades and widths of copper, silver and gold. Selected highlights of certain assay results from the Company's drill programs on the Marshall Lake property (from 2006 to present) for the "RM Zone" (and adjacent zones) are summarized in the following table:
Hole Number | From (metres) | To (metres) | Width (metres) | Copper (Cu) (%) | Silver (Ag) (g/tonne) | Gold (Au) (g/tonne) | ||
RMZ 11-21 | 149 | 182 | 33 | 1.53 | 6.8 | 0.127 | ||
RMZ 11-23 | 269 | 293 | 24 | 1.01 | 4.0 | 0.090 | ||
RMZ 13-40 | 144 | 187 | 43 | 1.38 | 5.4 | 0.040 | ||
GAZ-06-02 | 3 | 30 | 27 | 2.03 | 37.9 | 0.305 | ||
GAZ-06-04 | 2 | 31 | 29 | 1.30 | 24.7 | 0.290 |
Note: a complete summary of assay result highlights is found in the pages on the Company's website and in previous news releases.
SCOPE OF WORK NOW UNDERWAY AT CARACLE CREEK
- Inversion IP
- Magnetics Inversion
- 3-D modelling and sensitivity testing
- VTEM Inversion
- 2-D modelling and LEI sections
- Interpretation and reporting
White Tiger commissioned Caracle Creek to merge several generations of geophysical source data into a high quality 3-D inversion model to further evaluate the potential of numerous other known mineralized copper showings between the RM Zone of stringer style of copper, silver and gold along the 4km distance east progressing up-section to the Volcanogenic Massive Sulphide "VMS" historical Billiton Deposit of copper, silver, and zinc. The program now underway is expected to be completed in four to six weeks.
The Billiton resource is historical in nature and although the Company believes the work was done to competent high standards of the day and is reported to remain open to both depth and along strike the Company plans to complete a full technical review to NI 43 -101 compliant standards.
This news release has been reviewed and approved by Gordon Gibson, 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 standards.
White Tiger Mining Corp.
Edward Yurkowski
President and CEO
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed "forward-looking statements". 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. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. 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.
Contact
White Tiger Mining Corp.
Jimmy Mah, CFO
jmah@whitetigermining.com
White Tiger Mining Corp.
Ron Coombes
Mobile 604 724 2369
rcoombes@whitetigermining.com
www.whitetigermining.com