White Tiger Mining Corp.: Marshall Lake Property Drilling Intersects 100 m of 0.24% Copper, 0.9 Grams/Tonne Silver, Including...
09 Novembro 2011 - 3:23PM
Marketwired Canada
White Tiger Mining Corp. (TSX VENTURE:WTC)(FRANKFURT:W0I) (the "Company" or
"White Tiger") is pleased to report the assay results from drill hole RMZ 11-25
located 25 metres to the west of drill holes RMZ 11-21 and RMZ 11-23 for its
Marshall Lake project. 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.
Drill hole RMZ 11-25 intersected the near surface expression of the "Lease Zone"
from 5 metres to 105 metres. The drill hole was continued to depth and
successfully intersected the "RM Zone" to the north at a depth of 249 metres to
276 metres. The assay results for drill hole RMZ 11-25 are as follows:
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Hole From To Width Ag Au
Number (metres) (metres) (metres) Cu (%) (g/tonne) (g/tonne)
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RMZ11-25 5 105 100 0.24 0.9 0.012
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including 9 23 14 0.39 1.4 0.020
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and 55 75 20 0.59 2.6 0.035
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including 59 68 9 1.14 5.1 0.058
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RMZ11-25 249 276 27 0.32 1.2 0.013
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including 258 259 1 1.01 3.1 0.028
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and 272 274 2 1.98 8.3 0.112
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The true width of the mineralized zones is estimated to be 66% of the
mineralized Intersection.
The recently completed core drilling program was designed to further expand the
RM Zone with an emphasis on a suspected fold hinge where the mineralization had
potential to become thicker and richer. The Company believes that the drilling
results to date have established that the RM Zone and Lease Zone, although
converging, are a related sequence of mineralized zones. The geological model
continues to evolve. The RM Zone remains open to the west, east and north with a
projected strike length of the host lithology of over 900 metres with average
widths of 25 to 100 metres of copper, silver and gold drill intercepts.
The copper, gold and silver mineralization is hosted in a series of volcanic
units of intermediate to felsic composition. The principal host lithology is a
coarse air-fall tuff breccia with clasts ranging up to several decimeters in
size. Chalcopyrite is dispersed as disseminations, clots and stringers within
the breccia matrix. This texture is easily recognized in outcrops recently
exposed near the collars of the RM Zone drilling. The mineralization, in its
occurrence and style, is similar to portions of known significant
dacitic-rhyolitic VMS (volcanogenic massive sulphide) deposits thought to be
transitional into porphyry copper deposits. One of the better known examples of
a transitional deposit of this nature is the "Murgul" deposit located in Turkey.
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.
Assays for recently completed core drill holes RMZ 11-20, -22, -26, -27, -28,
-29 and -30 are pending and will be released when received and reviewed by the
Company.
Previously announced drill hole RMZ 11-23 was collared 25 metres to the south of
and beneath drill hole RMZ 11-21, and was designed to test the down dip
extension of mineralization in drill hole RMZ 11-21 and the following results
were previously announced in the Company's news releases dated April 20, 2011
and May 3, 2011:
Drill hole RMZ 11-21 (located 25 metres to the east of RMZ 11-25)
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Hole From To Width Ag Au
Number (metres) (metres) (metres) Cu (%) (g/tonne) (g/tonne)
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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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Including 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 RMZ 11-23 (located 25 metres to the east of RMZ 11-25)
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Hole From To Width Ag Au
Number (metres) (metres) (metres) Cu (%) (g/tonne) (g/tonne)
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RMZ11-23 40 150 110 0.30 1.5 0.031
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Including 50 57 7 1.45 6.5 0.159
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Including 71 91 20 0.44 2.0 0.044
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Including 221 241 20 0.62 2.3 0.045
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Including 233 237 4 1.76 6.8 0.115
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Including 232 241 9 1.02 4.0 0.080
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Including 269 331.5 62.5 0.60 2.7 0.064
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Including 269 310 41 0.80 3.5 0.070
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Including 269 293 24 1.01 4.0 0.090
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Including 278 282 4 2.87 9.5 0.242
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Including 278 279 1 6.71 18.3 0.601
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Including 269 300 31 0.90 3.7 0.078
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The true width of the mineralized zones is estimated to be 66% of
mineralized intersection.
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.
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