White Tiger Mining Corp.: RMZ11-21 Drill Hole Intersects Two Significant Chalcopyrite Zones Within the RM Zone, Marshall Lake Pr
05 Abril 2011 - 10:28AM
Marketwired Canada
White Tiger Mining Corp. (the "Company" or "White Tiger") (TSX
VENTURE:WTC)(FRANKFURT:W0I) is very pleased to report on the current progress of
its phase two exploration drilling program currently underway on its Marshall
Lake "RM Zone" discovery. The Marshall Lake Property is an advanced stage
copper, silver and gold exploration project located 30 km west of Nakina,
Ontario (access is via good all weather gravel road from Hwy 11 and 22 km north
of the main CNR rail Line).
The Company's first drill hole (RMZ11-21) of the Marshall Lake Property phase
two drill program has intersected two significant zones. The first zone consists
of 101 metres of chalcopyrite stringer followed by a second zone of 57 metres,
which is interpreted by the Company to be an extension of the RM Zone (from
previous drill holes RMZ10-10, 11 and 15). The RMZ11-21 core drill hole is the
longest and most continuous mineralized drill intersection that the Company has
completed on the Marshall Lake Property to date.
Drill hole RMZ11-21 is located 100 metres east of the "Lease Zone" showing where
historical assays from 1961 were reported as 1.58% copper over 15 metres in core
length and 2.0% chalcopyrite over 31.5 metres (note: such historical results do
not meet NI 43-101 standards and therefore should not be relied upon, however,
the Company's Qualified Person believes the historical assays are relevant and
were completed by competent persons to the standards of the period in which the
assays were completed.)
Drill hole RMZ11-21 intersected mineralization just 3 metres from surface to a
depth of 106 metres for a total mineralized core length of 103 metres. The
second zone within the drill hole (from 132 metres to 190 metres) intersected
chalcopyrite mineralization and from 147 metres to 190 metres the Company
believes that the chalcopyrite mineralization improves significantly. The drill
hole entered into a porphyry-crystal tuff at 190 metres and the drill hole was
terminated at a depth of 202 metres.
The RM discovery drill hole (GAZN08-06), now referred to as the RM Zone, is
located 300 metres northeast of core drill hole RMZ11-21, indicating a 425 metre
strike length of mineralization to date. Recent IP (induced polarization)
surveys suggest to the Company that there could be an additional 200 metres
extension to the north east of the RM Zone, which could bring the total
potential mineralization to 625 metres.
Although the Company is optimistic about its preliminary phase two drill
results, assays for core drill hole RMZ11-21 are pending and will be announced
when received and reviewed by the Company. The drill core is being split at the
Marshall Lake Property camp and will be sent for assay preparation at an ALS
Chemex facility in Thunder Bay, Ontario.
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 has the option to earn a 50% interest in the Marshall Lake 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. 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.
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.
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