White Tiger Mining Corp. Intersects 23 Metres of 1.34% Copper Including 5 Metres of 4.08% Copper, 20.6 g/t Silver and 1.12 g/t G
03 Novembro 2010 - 10:58AM
Marketwired Canada
White Tiger Mining Corp. (the "Company" or "White Tiger") (TSX
VENTURE:WTC)(FRANKFURT:W0I) is pleased to announce that a phase one, core
drilling program on its Marshall Lake Property has resulted in an exciting new
high grade discovery of copper (Cu), silver (Ag) and gold (Au).
Under the phase one program, three holes were drilled in a north-south section,
25 metres south or beneath GAZN-08-07 and west of drill hole GAZN-08-06 (as
previously released) and all three drill holes have intersected copper sulphide
zones. Wide zones of disseminated sulphides are seen in all of the holes and
within the disseminated sulphide envelope there are two distinct zones of semi
massive sulphides (one being associated with high silica rhyolite and the other
being associated with a footwall chlorite alteration-shear zone). It is
significant to note that continuity of the sulphide intercepts has been
established between the holes.
During the current drill program, the strike length of the sulphides has been
traced for 125 metres towards the historical Lease Zone, which is 200 metres
further to the west. This gives the current "RM Zone" (formerly referred to as
the North Gazooma Zone) a potential 325 metre strike length of copper
occurrence.
"We are very pleased with the results from the initial phase of drilling on the
Marshall Lake Property. It is very encouraging that the zone of copper
mineralization has extended westward with remarkable continuity," says Ron
Coombes, President and CEO of White Tiger Mining Corp.
Drill Hole Summary
Drill Holes GAZN-10-10, GAZN-10-11 and GAZN-10-15 were all drilled in a
north-south section beneath drill hole GAZN-08-07, thus creating a 4 hole cross
section. All of these holes intersected high silica rhyolite with disseminated
and stringer chalcopyrite. A deeper hole beneath GAZN-10-15, as well as eastern
and western step-outs, have also been drilled and assay results are pending. An
orientation and location hole, GAZN-10-09, was also drilled but did not
encounter significant mineralization.
Drill hole GAZN-10-10; a 25 metre southern step out from drill hole GAZN-08-07,
intersected 78 metres of 0.42% Cu, 2.05g/t Ag and 0.09g/t Au, including a 5
metre intersection grading 1.89% Cu, 12.04g/t Ag and 0.7g/t Au.
Drill hole GAZN-10-11; a 25 metre southern step out from drill hole GAZN-10-10,
intersected 32.6 metres of 1.04% Cu, 5.13g/t Ag and 0.15g/t Au, including a 5
metre intersection grading 1.89% Cu, 12.04g/t Ag and 0.7g/t Au. This hole also
included this program's highest grade sample to date, grading 9.32%Cu, 49.8g/t
Ag and 1.12g/t Au over a 1 metre interval.
Drill hole GAZN-10-15; a 25 metre southern step out from drill hole GAZN-10-11,
intersected 23 metres of 1.34% Cu, 6.75g/t Ag and 0.29g/t Au, including a 5
metre intersection grading 4.08% Cu, 20.6g/t Ag and 1.12g/t Au.
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Hole From To Width Cu Ag Au
Number (metres) (metres) (metres) (%) (g/tonne) (g/tonne)
-------------------------------------------------------------------------
GAZN-10-10 38 116 78.0 0.42 2.05 0.09
-------------------------------------------------------------------------
Including 111 116 5.0 1.89 12.04 0.70
-------------------------------------------------------------------------
GAZN-10-11 82 143 61.0 0.69 3.4 0.11
-------------------------------------------------------------------------
Including 110.4 143 32.6 1.04 5.13 0.15
-------------------------------------------------------------------------
Including 117 122 5.0 3.53 18.16 0.52
-------------------------------------------------------------------------
Including 120 121 1.0 9.32 49.8 1.12
-------------------------------------------------------------------------
GAZN-10-15 149 172 23.0 1.34 6.75 0.29
-------------------------------------------------------------------------
Including 155 160 5.0 4.08 20.6 1.12
-------------------------------------------------------------------------
Including 157 159 2 7.25 35.9 2.03
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In light of the success of this first exploratory phase, a second stage of
follow-up drilling is now being planned.
Drill core was split at a secure facility in Thunder Bay, Ontario 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% Cu were re-assayed with ore grade ICP and Aqua Regia
digestion. Gold analysis was done by fire assay with AA ("Atomic Absorption")
finish.
The Marshall Lake Property is located 30 km west of Nakina, Ontario and access
is by all weather gravel road from Hwy 11 and the main CNR rail line is within
22 km to the south of the Property.
White Tiger has the option to earn a 50% interest in the Marshall Lake Property
project from Rainy Mountain Royalty Corporation ("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 RMO.
This news release has been reviewed and approved by Robert Middleton, P.Eng.,
who is acting as Qualified Person for the Company's Marshall Lake Property
project in accordance with regulations under NI 43-101.
White Tiger Mining Corp.
Ronald A. Coombes, President and 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.
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