White Tiger Mining Corp.: Review of Exceptional Drill Results to Date for Marshall Lake Property
22.05.2013 | Marketwire
WEST VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/22/13 -- White Tiger Mining Corp. (the "Company" or "White Tiger") (TSX VENTURE: WTC) (FRANKFURT: W0I) is very pleased to provide its first comprehensive review of drill results to date for its Marshall Lake property in Ontario. 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).Selected highlights of certain assay results from the Company's (and its joint venture partner, Rainy Mountain Royalty Corporation'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:
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Hole Number From To Width Copper Silver (Ag) Gold (Au)
(metres) (metres) (metres) (Cu) (%) (g/tonne) (g/tonne)
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RMZ 11-21 149 182 33 1.53 6.8 0.127
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RMZ 11-23 269 293 24 1.01 4.0 0.090
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RMZ 13-40 144 187 43 1.38 5.4 0.040
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GAZ-06-02 3 30 27 2.03 37.9 0.305
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GAZ-06-04 2 31 29 1.30 24.7 0.290
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Note: a complete summary of assay result highlights is found in the pages that follow and on the Company's website and in previous news releases.
Most recently updated 3-D modeling of the RM Zone continues to refine and improve the Company's understanding of the geometry and dimensions of the overall RM Zone. Using a 0.3% copper cutoff, the current model identifies a cylinder-shaped, near-horizontal zone of disseminated and stringer-type copper mineralization with the long axis oriented toward azimuth 215 degrees. The RM Zone geometry, as characterized above, has been traced for 250 metres and currently remains open to the southwest. Additionally, 3-D modeling of the significant copper and silver mineralization near surface within the "Gazooma Zone" (located 150 metres southeast of the "RM Zone") is now underway.
With continued drilling success targeting the first of four recently identified IP geophysical targets, further drilling plans are now underway in an effort to infill and further substantiate the anticipated mineralization between the "RM South Zone" and the RM Zone. Following that, the Company then intends to drill the other three identified priority IP geophysical targets.
As well, planning is underway for a second phase of geophysical surveys (deep IP) to produce a high resolution 3-D response (chargeability and conductivity) on potential sulphide targets to a depth of investigation of at least 500 metres below surface (400 metres beneath the current geophysical IP depth of investigation). The initial geophysical area of interest embraces five copper zones within close proximity to one another (ie. the RM Zone, the Jewel Box Zone, the Gazooma Zone, the Cherry Hill Zone and the Teck Hill Zone), encompassing a total surface area of 3.5 square kilometres. This will, for the first time, potentially identify significant new targets (within the 12 km by 10 km Marshall Lake property) beneath some of the numerous near surface copper occurrences.
Highlights of assay results from the Company's (and its joint venture partner, Rainy Mountain Royalty Corporation's) drill programs on the Marshall Lake property (from 2006 to present) for the RM Zone (and adjacent zones) can be found in the following tables (as extracted from previous news releases):
THE RM ZONE
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Hole Number From To Width Copper Silver (Ag) Gold (Au)
(metres) (metres) (metres) (Cu) (%) (g/tonne) (g/tonne)
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RMZ 07-02 40.7 72.6 31.9 0.71 3.1 0.108
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Including 40.7 51.0 10.3 1.09 4.7 0.108
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Including 40.7 43.1 2.4 2.13 8.6 0.156
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Including 45.95 48.95 3 1.34 6.4 0.189
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Including 62.75 65.6 2.85 1.97 8.8 0.434
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RMZ 08-06 70 94 24 1.74 8.9 0.323
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Including 81.5 83.5 2 3.67 18.1 0.605
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Including 85 90 5 3.36 17.1 0.684
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RMZ 08-07 11.8 25.6 13.8 0.41 1.5 0.043
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And 87 102 15 0.51 3.3 0.116
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RMZ 08-08 46.26 100 53.74 0.32 1.5 0.057
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RMZ 10-09 159 163 4 0.20 0.7 0.068
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RMZ 10-10 38 116 78 0.42 2.1 0.086
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Including 111 116 5 1.89 12.0 0.702
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RMZ 10-11 82 143 61 0.69 3.4 0.107
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Including 110.4 143 32.6 1.04 5.1 0.146
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Including 117 122 5 3.53 18.2 0.524
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Including 120 121 1 9.32 49.8 1.195
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RMZ 10-12 37 44 7 0.21 0.8 0.038
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And 127 131 4 0.25 1.5 0.105
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RMZ 10-13 91 155 64 0.37 1.9 0.133
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Including 91 105 14 0.43 1.8 0.074
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Including 123.5 155 31.5 0.44 2.5 0.201
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Including 123.5 130 6.5 0.81 4.6 0.114
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Including 123.5 124 0.5 3.35 20.0 0.181
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Including 152 153 1 1.05 8.0 4.040
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RMZ 10-14 117 173 56 0.41 2.5 0.103
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Including 117 136 19 0.71 4.4 0.189
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RMZ 10-15 149 172 23.0 1.34 6.7 0.285
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Including 155 160 5.0 4.08 20.6 1.116
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Including 157 159 2 7.25 35.9 2.033
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RMZ 10-16 11 12 1 0.91 4.2 0.234
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And 16 19 3 0.61 3.2 0.085
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And 159 171 12 0.44 2.4 0.044
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Including 163 166 3 0.97 5.6 0.095
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Including 164 165 1 1.80 11.2 0.221
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RMZ 10-17 99 136 37.0 0.48 2.1 0.043
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Including 128.8 136 7.2 1.12 5.9 0.127
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RMZ 10-18 166 167 1 0.90 2.1 0.220
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And 173 178 5 0.59 3.1 0.050
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And 200 210 10 0.86 4.8 0.085
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Including 201 207.13 6.13 1.27 7.0 0.112
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RMZ 10-19 31 59 28 0.39 2.0 0.071
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Including 40 59 19 0.49 2.5 0.079
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Including 44 49 5 0.65 2.9 0.104
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Including 51 57 6 0.59 3.3 0.092
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RMZ 11-20 No significant mineralization
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RMZ 11-21 12 95 83 0.30 1.3 0.037
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Including 12 72 60 0.37 1.7 0.045
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Including 12 30 18 0.59 2.8 0.091
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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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And 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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Including 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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RMZ 11-22 6 17 11 0.70 1.8 0.014
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RMZ 11-23 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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And 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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And 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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RMZ 11-24 19 41 22 0.44 1.9 0.029
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Including 27 32 5 1.06 4.2 0.101
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And 56.46 66 9.54 0.28 1.4 0.037
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And 78 106 28 0.32 1.5 0.038
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Including 82 103 21 0.38 1.7 0.046
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RMZ 11-25 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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And 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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Including 272 274 2 1.98 8.3 0.112
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RMZ 11-26 58 71 13 0.20 0.9 0.005
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And 80 96 16 0.43 0.7 0.008
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RMZ 11-27 109 113 4 0.57 1.6 0.024
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RMZ 11-28 28 65 37 0.69 2.4 0.016
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Including 28 35 7 2.50 8.9 0.067
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Including 28 30 2 3.38 11.8 0.148
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Including 32 34 2 4.00 14.7 0.064
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And 76 89 13 0.32 1.0 0.005
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RMZ 11-29 155 182 27 0.45 1.7 0.016
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RMZ 11-30/12-30 112 179 67 0.24 1.5 0.039
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Including 115 119 4 0.50 3.9 0.166
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Including 145 149 4 0.44 2.3 0.019
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Including 176 179 3 0.59 3.1 0.023
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RMZ 12-31 49 69 20 0.34 0.9 0.005
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Including 49 52 3 0.54 1.6 0.014
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Including 60 63 3 0.99 2.4 0.018
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And 178 183 5 0.22 0.5 0.003
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And 220 234 14 0.40 1.2 0.013
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And 241 265 24 0.45 1.2 0.013
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Including 244 250 6 0.86 2.9 0.030
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Including 244 245 1 2.17 8.2 0.103
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Including 264 265 1 2.08 3.0 0.071
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RMZ 12-32 68 106 38 0.45 2.2 0.064
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Including 71 77 6 0.97 3.8 0.155
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And 211 213 2 0.72 5.5 0.180
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And 252 259 7 0.27 1.6 0.076
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And 271 274 3 0.45 2.6 0.020
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And 285 297 12 0.25 1.2 0.006
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And 302 307 5 0.18 0.8 0.004
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And 318 322 4 0.30 1.5 0.039
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RMZ 12-33 10 23 13 0.24 0.1 0.006
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Including 10 16 6 0.44 1.3 0.125
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Including 12 16 4 0.62 1.9 0.019
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And 147 199 52 0.33 1.2 0.016
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Including 147 169 22 0.54 2.3 0.024
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Including 149 154 5 1.57 6.1 0.088
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RMZ 12-34 No significant mineralization
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RMZ 12-35 114 119 5 0.93 5.1 0.093
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And 167 173 6 0.46 2.2 0.074
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And 179 182 3 0.51 3.2 0.082
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And 189 193 4 0.58 2.9 0.071
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RMZ 12-36 109 112 3 0.52 1.8 0.041
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And 130 132 2 0.52 0.8 0.025
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RMZ 12-37 142 164 22 0.19 0.9 0.028
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RMZ 12-38 8 21 13 0.28 0.88 0.018
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Including 12 21 9 0.33 1.03 0.023
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RMZ 12-39 58 76 18 0.25 1.17 0.015
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Including 58 68 10 0.26 1.21 0.014
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Including 72 76 4 0.40 1.82 0.031
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And 239 243 4 0.41 1.83 0.183
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RMZ 13-40 144 187 43 1.38 5.40 0.040
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Including 144 177 33 1.66 6.17 0.047
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Including 145 155 10 2.52 9.40 0.065
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RMZ 13-41 84 154 70 0.54 2.07 0.031
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Including 123 153 30 0.85 3.02 0.032
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Including 137 153 16 1.34 4.72 0.055
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Note: The "GAZN" drill hole prefix labeling (previously used for the Gazooma North Zone) has since been renamed "RMZ" for the renamed RM Zone.
THE GAZOOMA ZONE
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Hole Number From To Width Copper Silver (Ag) Gold (Au)
(metres) (metres) (metres) (Cu) (%) (g/tonne) (g/tonne)
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GAZ-06-01 7.00 35.00 28.00 1.14 22.5 0.174
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Including 7.00 22.00 15.00 1.21 23.9 0.195
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Including 11.00 18.00 7.00 1.65 32.0 0.241
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Including 24.50 35.00 10.50 1.26 24.9 0.180
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Including 27.90 32.00 4.10 1.94 36.8 0.323
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GAZ-06-02 3.00 30.10 27.10 2.03 37.9 0.305
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Including 8.00 25.90 17.90 2.79 51.8 0.377
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GAZ-06-04 2.00 30.70 28.70 1.30 24.7 0.290
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Including 2.00 24.50 22.50 1.65 31.2 0.369
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Including 3.00 14.00 11.00 2.19 40.6 0.289
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GAZ-07-05 23.90 38.70 14.80 2.46 47.6 0.336
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Including 32.00 38.70 6.70 4.47 86.5 0.621
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Including 32.00 36.00 4.00 6.76 130.2 0.971
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GAZ-07-06 22.00 26.00 4.00 0.83 17.2 0.050
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And 30.70 33.40 2.70 0.64 13.0 0.098
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GAZ-07-07 53.86 59.00 5.14 0.57 6.4 0.119
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Including 53.86 55.80 1.94 0.34 3.3 0.129
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Including 57.28 59.00 1.72 1.30 14.8 0.192
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And 70.17 72.37 2.20 0.86 7.3 0.159
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And 83.95 87.75 3.80 0.24 1.3 0.037
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GAZ-07-08 39.96 57.15 17.19 0.49 8.6 0.052
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Including 39.96 42.00 2.04 2.10 37.0 0.274
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Including 49.30 57.15 7.85 0.50 8.8 0.041
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Including 53.65 55.16 1.51 1.84 31.8 0.136
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Including 54.63 55.16 0.53 4.05 68.7 0.244
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And 111.00 138.00 27.00 0.23 0.5 0.010
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And 153.80 163.65 9.85 0.28 1.0 0.009
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GAZ-07-09 59.00 60.70 1.70 0.81 25.0 0.143
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And 68.20 71.60 3.40 0.26 5.8 0.011
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GAZ-07-10 39.33 50.85 11.52 0.40 7.5 0.018
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And 60.00 62.70 2.70 0.29 6.4 0.014
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And 77.00 99.00 22.00 0.49 9.9 0.097
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Including 78.00 81.85 3.85 0.46 10.0 0.062
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Including 89.00 93.00 4.00 1.73 33.5 0.276
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And 108.90 110.40 1.50 0.84 7.8 0.339
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And 135.20 151.20 16.00 0.27 0.3 0.006
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GAZ-07-11 1.50 22.80 21.30 0.83 15.7 0.121
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Including 17.60 18.20 0.60 6.74 119.0 1.025
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And 84.80 91.80 7.00 0.29 0.4 0.004
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And 104.00 113.00 9.00 0.24 0.7 0.004
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And 149.00 155.80 6.80 0.20 0.9 0.014
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GAZ-08-12 127.00 139.00 12.00 1.01 24.4 0.237
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GAZ-08-14 106.00 140.31 34.31 0.21 4.9 0.056
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Including 106.00 111.80 5.80 0.63 15.2 0.209
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Including 120.50 122.90 2.40 0.35 7.6 0.092
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Including 136.27 140.31 4.04 0.39 10.1 0.047
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GAZ-10-15 127.00 130.00 3.00 1.89 42.2 0.628
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NWT-07-01 20.00 48.70 28.70 0.25 7.3 0.085
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Including 47.10 48.70 1.60 0.64 31.3 0.303
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And 79.50 88.00 8.50 0.41 12.2 0.180
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And 120.70 122.60 1.90 1.01 23.1 0.208
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Notes:
The Gazooma Zone is approx. 150 metres southeast of the RM Zone;
The Cherry Hill Zone is approx. 150 metres north of the Gazooma Zone;
The above drill holes with the prefix "NWT" are part of the Gazooma Zone.
THE TECK HILL ZONE
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Hole Number From To Width Copper Silver (Ag) Gold (Au)
(metres) (metres) (metres) (Cu) (%) (g/tonne) (g/tonne)
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TK-07-01 19.00 89.00 70.00 0.18 2.4 0.037
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Including 19.00 45.00 26.00 0.30 4.4 0.058
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Including 33.70 42.70 9.00 0.45 6.3 0.109
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TK-07-02 56.25 84.00 27.75 0.50 4.7 0.056
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Including 56.25 61.00 4.75 1.54 15.1 0.231
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Including 56.25 58.00 1.75 3.23 31.9 0.584
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Including 63.00 78.00 15.00 0.37 3.4 0.025
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TK-07-03 148.00 166.00 18.00 0.21 1.4 0.019
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TK-08-06 54.00 77.00 23.00 0.32 2.0 0.030
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Including 54.00 63.00 9.00 0.50 3.3 0.045
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Including 54.00 57.00 3.00 1.07 7.2 0.108
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TK-08-07 89.00 120.00 31.00 0.29 2.2 0.051
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Including 97.00 104.00 7.00 0.64 5.1 0.113
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TK-08-08 46.00 49.00 3.00 0.32 4.5 0.035
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TK-08-09 92.00 142.50 50.50 0.84 9.1 0.044
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Including 93.25 97.50 4.25 3.79 38.3 0.267
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Including 93.25 95.50 2.25 5.96 59.8 0.445
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Including 106.50 111.20 4.70 2.34 24.9 0.109
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Note: The Teck Hill Zone is approx. 400 metres southeast of the Gazooma Zone
THE ENZO ZONE
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Hole Number Copper Zinc Silver Gold
From To Width (Cu) (Zn) (Ag) (Au)
(metres) (metres) (metres) (%) (%) (g/tonne) (g/tonne)
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TH-07-01 2.00 42.70 40.70 0.12 0.31 4.2 0.054
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Including 2.00 5.00 3.00 0.22 4.01 15.5 0.241
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Including 32.00 41.70 9.70 0.26 0.01 8.6 0.074
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TH-07-02 12.00 36.00 24.00 0.21 0.00 2.3 0.018
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Including 14.00 20.00 6.00 0.45 0.01 4.8 0.051
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Note: The Enzo Zone is approx. 500 metres east of the Teck Hill Zone
A plan map of all of the drill hole collars referred to in the above tables will be posted on the Company's website shortly (www.whitetigermining.com).
>
Drill core was split at the Marshall Lake property and sample preparation was done by ALS Canada in Thunder Bay, Ontario. Pulp samples (less than 75 microns) were then sent by secure courier to ALS Canada in North Vancouver, British Columbia and analyzed by ICP spectrometre ("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.
The Company continues to review and ground proof all known historical data and once this additional information has been fully reviewed and all data digitized, the Company will report on any additional findings.
White Tiger has the option to earn a 50% interest in the Marshall Lake property 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. As at October 31, 2012 (the Company's most recent fiscal year end), White Tiger has earned a 25% joint venture interest in the Marshall Lake property project.
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.
White Tiger Mining Corp.
Ronald A. Coombes
President
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, Shareholder Communications
604-922-2030
White Tiger Mining Corp.
Robert A. Young, Investor Relations
604-682-5123
www.whitetigermining.com