White Tiger's Drilling Extends RM Zone Copper, Silver, Gold Discovery 125 Metres Along Strike
17 Novembro 2010 - 3:17PM
Marketwired
White Tiger Mining Corp. (the "Company" or "White Tiger") (TSX
VENTURE: WTC)(FRANKFURT: W0I) is pleased to announce that
additional assay results from the Company's phase one, core
drilling program on its Marshall Lake Property has been successful
in extending the RM Zone 125 metres along strike. The RM zone is
just one of numerous zones of interest on the Property.
The Marshall Lake Property is located 30 km west of Nakina,
Ontario. 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.
Drill hole GAZN-10-13 and GAZN-10-17 have extended the
mineralized zone (as reported in White Tiger's recent news release
of November 3, 2010) a further 75 metres to the west and a further
25 metres to the east. This gives the RM Zone a proven strike
length of 125 metres. The Company believes that the RM Zone
continues towards the historical Lease Zone, which is 200 metres
further to the west. Additionally, drill hole GAZN-10-13 opens up
the possibility of an eastern extension to the deposit, and as
well, the mineralization is still open to depth and to the
south.
For the first time, a felsic fragmental unit has been recognized
in the south hanging wall rocks that creates a distinctive marker
horizon to follow both the stratigraphy and mineralization. IP
survey data suggests that the mineralization continues for at least
another 325 metres to the west.
A zone of porphyry has also been intersected in drill hole
GAZN-10-12, which is situated along the north side of the copper
bearing high silica rhyolite horizon.
"Assays continue to confirm that the new RM Zone has values of
copper, silver and gold near surface over potentially mineable
widths that remain open along strike to the east and west, and as
well, down dip. We are now planning a phase two drill program to
expand upon the extremely encouraging initial results received to
date," says Ronald Coombes, President and CEO of White Tiger Mining
Corp.
Drill Hole Summary
Drill hole GAZN-10-13; a 25 metre eastern step out from the 2008
drill hole, GAZN-08-06, and a 50 metre eastern step out from the
recently completed drill holes GAZN-10-10, GAZN-10-11 and
GAZN-10-15 (see news release dated November 3, 2010). Drill hole
GAZN-10-13 intersected a wide section of high silica rhyolite with
chalcopyrite with two prominent zones which assayed 0.43% Cu,
1.77g/t Ag and 0.07g/t Au over 14 metres and 0.44% Cu, 2.48g/t Ag
and 0.24g/t Au over 31.5 metres. These zones contained some
promising intersections, including a 0.5 metre sample of 3.35% Cu
and 20.0g/t Ag and a 1 metre sample containing 5.21g/t Au.
Drill hole GAZN-10-17; a 75 metre western step out from
previously released drill hole GAZN-10-15 intersected a 37 metre
wide zone of high silica rhyolite containing wide spread
chalcopyrite and a footwall chloritic alteration zone with higher
concentrations of chalcopyrite. The mineralization and lithology
encountered is identical to the zones found in drill holes
GAZN-10-10, GAZN-10-11 and GAZN-10-15, located in section, 75
metres to the east, as well as in the historical drill holes
GAZN-07-02 and GAZN-08-06, located 100 metres to the east of drill
hole GAZN-10-17. Assays from drill hole GAZN-10-17 yielded 0.48%
Cu, 2.07g/t Ag and 0.04g/t Au over 37 metres, including 1.12% Cu,
5.87g/t Ag and 0.13g/t Au over 7.2 metres.
The assay results for drill holes GAZN-10-13 and GAZN-10-17 are
as follows:
---------------------------------------------------------------------------
From To Width Ag Au
Hole Number (metres) (metres) (metres) Cu (%) (g/tonne) (g/tonne)
---------------------------------------------------------------------------
GAZN-10-13 91 155 64 0.37 1.92 0.15
---------------------------------------------------------------------------
Including 91 105 14 0.43 1.77 0.07
---------------------------------------------------------------------------
And 123.5 155 31.5 0.44 2.48 0.24
---------------------------------------------------------------------------
Including 123.5 130 6.5 0.81 4.63 0.11
---------------------------------------------------------------------------
Including 123.5 124 0.5 3.35 20.0 0.18
---------------------------------------------------------------------------
And 152 153 1 1.05 8.0 5.21
---------------------------------------------------------------------------
GAZN-10-17 99 136 37.0 0.48 2.07 0.04
---------------------------------------------------------------------------
Including 128.8 136 7.2 1.12 5.87 0.13
---------------------------------------------------------------------------
As well, previous assay results, as reported in the Company's
News Release dated November 3, 2010, are as follows:
---------------------------------------------------------------------------
From To Width Ag Au
Hole Number (metres) (metres) (metres) Cu (%) (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
---------------------------------------------------------------------------
Additional assay results from the Company's phase one drill
program are still pending and are expected to be released in the
upcoming weeks.
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.
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. 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 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.
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.
Contacts: White Tiger Mining Corp. Mr. Clive Shallow Investor
Relations 604-922-2030 604-922-2037 (FAX) info@whitetigermining.com
www.whitetigermining.com
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