White Metal Samples 31.8% Cu, 65 g/t Ag, 20% Pb in Rock Grab Samples from the Prospective Epunguwe Area North of the Okohongo Cu-Ag Deposit, Namibia
Thunder Bay, June 29, 2021 - White Metal Resources Corp. (TSXV: WHM) (FSE: CGK1) (OTC Pink: TNMLF) ("White Metal" or the "Company") is pleased to provide an update regarding its recently initiated exploration program in the region north of the Okohongo Cu-Ag Deposit (see Company news release dated 1 June 2021).
The Company is currently undertaking prospecting, geological mapping, grab sampling, and surface trenching and sampling programs along the prospective +7 km sedimentary-hosted copper horizon, which extends northward from the Okohongo Cu-Ag Deposit. This prospective horizon, colloquially known as the "Okohongo Horizon" occurs within the Lower Omao Formation (limestone, siltstone, dolomite), which is stratigraphically above the Nosib Group (sandstone, shale, conglomerate).
Michael Stares, President & CEO of the Company, stated, "These very high copper concentrations and strong silver assays confirm the significance of the Epunguwe area. This target area, being more than 5 direct kilometres north of the Okohongo Cu-Ag Deposit gives me further confidence in the prospectivity of this region of the Property. White Metal remains focussed on progressing the Tower Stock Gold Property in Ontario, Canada, but we will certainly continue to advance the Okohongo Copper-Silver Property as one of our primary assets."
A total of 56 rock grab samples were collected from the Epunguwe Target Area and Okohongo North Showing during recent geological mapping. The Epunguwe Target Area ("Epunguwe") is located about 4.3 km north of the Okohongo Cu-Ag Deposit and covers a minimum northwest strike length of 800 metres. The Okohongo North Showing is located about 2.7 km north of the Okohongo Cu-Ag Deposit. Assay results for the first 20 rock grab samples are summarized in Table 1.
Table 1. Summary of rock grab samples collected from the Epunguwe and Okohongo North areas.
| Sample | Location | Description | UTMX | UTMY | Cu (ppm) | Cu (%) | Ag (ppm) | Pb (ppm) | Pb (%) |
| U4968 | Epunguwe | Qtz Vein | 376911 | 7946389 | 11200 | 1.12 | 5 | 1300 | 0.13 |
| U4969 | Epunguwe | Gossanous Qtz vein | 376911 | 7946389 | 62500 | 6.25 | 20 | 2140 | 0.21 |
| U4970 | Epunguwe | Gossanous Qtz vein | 376911 | 7946389 | 55000 | 5.50 | 10 | 1880 | 0.19 |
| U4971 | Epunguwe | Gossanous Qtz vein | 376911 | 7946389 | 54300 | 5.43 | 35 | 340 | 0.03 |
| U4972 | Epunguwe | Fine grained sed - Sandstone | 376911 | 7946389 | 56000 | 5.60 | 65 | 540 | 0.05 |
| U4973 | Epunguwe | Fine grained sed - Sandstone | 376911 | 7946389 | 51300 | 5.13 | 65 | 130 | 0.01 |
| U4974 | Epunguwe | Fine grained sed - Sandstone | 376911 | 7946389 | 46000 | 4.60 | 28 | 110 | 0.01 |
| U4975 | Epunguwe | Fine grained sed - Sandstone | 376911 | 7946389 | 50100 | 5.01 | 53 | 110 | 0.01 |
| U4976 | Epunguwe | Qtz Vein | 376911 | 7946389 | 14700 | 1.47 | 5 | 170 | 0.02 |
| U4977 | Epunguwe | Fine grained sed - Sandstone | 376911 | 7946389 | 125000 | 12.50 | 50 | 200000 | 20.00 |
| U4978 | Okohongo North | Fine grained sed - Sandstone | 378251 | 7944841 | 22100 | 2.21 | 6 | 1080 | 0.11 |
| U4979 | Okohongo North | Fine grained sed - Sandstone | 378251 | 7944841 | 318000 | 31.80 | 1 | 150500 | 15.05 |
| U4980 | Okohongo North | Qtz Vein | 378251 | 7944841 | 143500 | 14.35 | 6 | 186000 | 18.60 |
| U4981 | Okohongo North | Qtz Vein | 378251 | 7944841 | 50100 | 5.01 | 4 | 74000 | 7.40 |
| U4982 | Okohongo North | Dolomite | 378251 | 7944841 | 21100 | 2.11 | 39 | 1410 | 0.14 |
| U4983 | Epunguwe | Fine grained sed - Sandstone | 376935 | 7946333 | 80400 | 8.04 | 46 | 1280 | 0.13 |
| U4984 | Epunguwe | Qtz Vein | 376901 | 7946372 | 14100 | 1.41 | 7 | 510 | 0.05 |
| U4985 | Epunguwe | Fine grained sed - Sandstone | 376901 | 7946372 | 29900 | 2.99 | 7 | 180 | 0.02 |
| U4986 | Epunguwe | Fine grained sed - Sandstone | 376901 | 7946372 | 45700 | 4.57 | 13 | 220 | 0.02 |
| U4987 | Epunguwe | Gossanous Qtz vein | 376901 | 7946372 | 233000 | 23.30 | 58 | 2580 | 0.26 |
*WGS84 Z33S
The Company also completed 10 east-west and northeast-trending trenches (EPT001 to EPT010) targeting the contact horizon between the Lower Omao Formation (east) and Nosib Group (west) and exposing sediment-hosted copper mineralization. A total of 28 rock grab samples from the trenching program have been submitted for analysis.
Historical reporting describes the Epunguwe Target Area as a northwest trending, roughly three kilometre by half kilometre area of soil geochemical anomalies, as well as copper mineralization exposed at surface, in trenches, and in drill holes (Table 2), occurring along a significant syn-sedimentary, basinal growth fault.
Table 2. Summary of historical drilling results from the Epunguwe Target Area, EPL 7071, Namibia.
| *Drill Hole | From (m) | To (m) | **Interval (m) | Cu (%) | Ag (g/t) | Length (m) |
| TCD-019 | 19.00 | 41.60 | 22.60 | 0.34 | 3.2 | 65.10 |
| incl. | 19.90 | 31.40 | 11.50 | 0.49 | 4.7 | |
| And | 55.80 | 65.10 | 9.30 | 1.64 | 122.6 | |
| incl. | 55.80 | 61.80 | 6.00 | 2.23 | 171.4 | |
| TCD-021 | 10.00 | 42.00 | 32.00 | 0.14 | 2.0 | 81.34 |
| incl. | 22.00 | 26.60 | 4.60 | 0.37 | 5.4 | |
| And | 59.90 | 78.20 | 18.30 | 0.72 | 13.6 | |
| incl. | 61.00 | 65.30 | 4.30 | 1.84 | 37.9 | |
| TCD-023 | 107.30 | 123.50 | 16.20 | 0.35 | 175.80 | |
| incl. | 107.30 | 108.30 | 1.00 | 1.89 | 17.1 | |
| TCP-002 | 0.00 | 27.00 | 27.00 | 1.47 | 11.7 | 45.00 |
| incl. | 0.00 | 21.00 | 21.00 | 1.76 | 14.1 | |
| incl. | 0.00 | 8.00 | 8.00 | 2.80 | 18.9 | |
| KAP-130 | 0.00 | 20.00 | 20.00 | 0.94 | 14.1 | 75.00 |
| incl. | 1.00 | 9.00 | 8.00 | 1.58 | 30.0 |
*TCD = diamond; TCP = percussion; KAP = percussion
**drill hole intervals are not considered true widths and are being treated as core lengths.
Mineralization is described as structurally-controlled and hosted by conglomerates (sandstones) of the basal Nosib Group at or near the contact with overlying Ombombo Subgroup rocks; Lower Omao Formation siltstone and Lower Omao Formation dolostone also host mineralization (INV Metals Inc. Report, March 21, 2012, filed on SEDAR). To the Company's knowledge, no work has been completed in this area since 2012.
A more detailed description of the new areas of copper exploration can be viewed on the Company's website (https://www.whitemetalres.com/taranis-okohongo-cu-ag.html).
A qualified person has not done sufficient enough work to verify the historical assay results and technical information reported herein. Rock grab samples are selective samples by nature and as such are not necessarily representative of mineralization hosted across the Property.
Qualified Person
Technical information in this news release has been reviewed and approved by Dr. Scott Jobin-Bevans (P.Geo.), Vice President Exploration and a Director of White Metal, who is a Qualified Person under the definitions established by the NI 43-101.
About White Metal Resources Corp:
White Metal Resources Corp. is a junior exploration company exploring in Canada and southern Africa. The company's two key properties are the Flagship Tower Stock Gold Project in Thunder Bay, Ontario, Canada and the Okohongo Copper-Silver Project in Namibia, Africa. For more information about the Company please visit www.whitemetalres.com.
On behalf of the Board of Directors
"Michael Stares"
President & CEO
For further information contact:
Michael Stares
President & CEO
White Metal Resources Corp.
Phone: +1 (807) 358-2420
Nancy Massicotte
Investor Relations
White Metal Resources Corp.
Phone: +1 (604) 507-3377
TF: +1 (866) 503-3377
ir@whitemetalres.com
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