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White Metal Samples 35.2% Cu and 548 g/t Ag in Rock Grab Samples from the Prospective Okangura Area Southwest of the Okohongo Copper-Silver Deposit, Namibia

·8 min read

Figure 1: Recent copper assay results from grab samples

Figure 1: Recent copper assay results from grab samples
Figure 1: Recent copper assay results from grab samples
Figure 1: Recent copper assay results from grab samples

THUNDER BAY, Ontario, July 22, 2021 (GLOBE NEWSWIRE) -- White Metal Resources Corp. (TSXV: WHM) (FRA: CGK1) (OTCMKTS: TNMLF) (“White Metal” or the “Company”) is pleased to provide an update regarding its exploration program north and south along strike from the Okohongo copper-silver Deposit (see Company news release dated 29 June 2021).

The Company is continuing its 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 (the ”Okohongo Area”), and an examination of previously identified showings and occurrences up to 14 km south of the Okohongo Cu-Ag Deposit. The target 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 White Metal, stated, “These results continue to impress, delivering very high copper and silver concentrations north and south of the Okohongo Cu-Ag Deposit. Clearly, there is significant opportunity to expand the current deposit along strike, which at this stage of exploration shows potential along a prospective horizon of more than 20 kilometres. Although White Metal remains focussed on progressing its flagship project, the Tower Stock Gold Project in Ontario, Canada, the Company will continue to advance the Okohongo Copper-Silver Project as one of our primary assets.”

A total of 37 rock grab samples were collected from target areas within north and south of the Okohongo Area during the most recent geological mapping and prospecting (Table 1). The Epunguwe and Epunguwe South Target Area (“Epunguwe”) is located about 4.3 km north of the Okohongo and covers a minimum strike length of 300 metres. The Okohongo West, Northeast, North and Okohongo samples are from the areas immediately around and within the Okohongo Area. The Okangura North, Okangura, and Okangura South area is located about 2.1 km southwest of the Okohongo and covers a minimum strike length of about 1 kilometre. The Okahwa area is located about 14 km south of Okohongo and covers a minimum strike length of about 250 metres.

Table 1. Rock grab samples collected from the areas north and south of the Okohongo Cu-Ag Deposit.

Sample

UTMX

UTMY

Location

Description

Cu (ppm)

Cu (%)

Ag (ppm)

Pb (ppm)

U4988

376804

7946562

Epunguwe

Shale

170

0.02

1

50

U4989

376819

7946511

Epunguwe

Qtz vein

4170

0.42

<1

<20

U4990

376815

7946514

Epunguwe

Qtz vein

1460

0.15

<1

20

U4991

377325

7945441

Epunguwe

Dolomite

30

0.00

<1

30

U4992

377250

7945476

Epunguwe S

Dolomite

20

0.00

<1

<20

U4993

377250

7945476

Epunguwe S

Dolomite

60

0.01

<1

40

U4994

377253

7945477

Epunguwe S

Dolomite

10

0.00

<1

<20

U4995

377253

7945477

Epunguwe S

Dolomite

20

0.00

<1

<20

U5000

378393

7945149

Epunguwe S

Pyritic Shale

240

0.02

1

<20

X6901

377740

7941537

Okohongo W

Shale

33100

3.31

4

20

X6902

377818

7941089

Okohongo W

Dolomite

9100

0.91

38

<20

X6914

378234

7941950

Okohongo NE

Dolomite

62000

6.20

<1

22500

X6915

378234

7941950

Okohongo NE

Qtz vein

20000

2.00

1

10100

X6916

378234

7941950

Okohongo NE

Dolomite

225000

22.50

<1

7630

X6917

377992

7941700

Okohongo

Shale

107500

10.75

55

460

X6918

377992

7941700

Okohongo

Shale

65600

6.56

133

540

U4996

378155

7942415

Okohongo N

Qtz vein

140000

14.00

463

370

U4997

378154

7942404

Okohongo N

Omivero shale

30000

3.00

105

70

U4998

378267

7942442

Okohongo N

Shale/
Dolomite

113500

11.35

520

380

U4999

378267

7942442

Okohongo N

Shale

74000

7.40

833

150

X6903

376458

7938844

Okangura N

Dolomite/
Sandstone

307000

30.70

1

260

X6904

376762

7938400

Okangura

Shale

49100

4.91

<1

20

X6905

376759

7938385

Okangura

Shale

51900

5.19

<1

220

X6906

376761

7938403

Okangura

shale

47700

4.77

<1

30

X6907

376756

7938397

Okangura

Shale

53000

5.30

1

20

X6908

376759

7938401

Okangura

Shale

44300

4.43

<1

240

X6909

376769

7938384

Okangura

Dioptase

237000

23.70

131

850

X6910

376677

7937721

Okangura S

Quartzite

327000

32.70

92

90

X6911

376677

7937721

Okangura S

Quartzite

352000

35.20

548

80

X6912

382572

7927642

Okahwa

Quartzite

12800

1.28

17

20

X6913

382565

7927639

Okahwa

Quartzite

13200

1.32

13

20

X6920

382753

7927781

Okahwa

Qtz vein

8180

0.82

40

1440

X6921

382753

7927781

Okahwa

Shale

15800

1.58

8

60

X6922

382753

7927781

Okahwa

Gossan

65800

6.58

10

1640

X6923

382753

7927781

Okahwa

Dolomite

14200

1.42

105

1060

X6924

382753

7927781

Okahwa

Shale

14200

1.42

17

60

X6925

382753

7927781

Okahwa

Shale

16400

1.64

8

40

*WGS84 Z33S

The Company also completed 10 approximately east-west and northeast-trending trenches (EPT001 to EPT010) targeting the contact horizon between the Lower Omao Formation (east) and Nosib Group (west), exposing sediment-hosted copper mineralization in five of the 10 trenches. A total of 28 composite rock grab samples from the five trenches that showed prominent copper mineralization were submitted for analysis. Results are shown in Table 2.

Table 2. Composite rock grab samples collected from five trenches in the Epunguwe Target Area.

Sample

Trench

From (m)

To (m)

Int (m)

Description

Cu
(ppm)

Cu
(%)

Ag
(ppm)

Pb
(ppm)

X6926

EPT001

0

2

2

-

6960

0.70

6

160

X6927

EPT001

2

4

2

Dolomite

153000

15.30

17

1610

X6928

EPT001

4

6

2

Quartzite

8450

0.85

5

190

X6929

EPT001

6

9

3

Sandstone

22600

2.26

11

110

X6930

EPT001

9

12

3

Quartzite

15200

1.52

8

70

X6931

EPT001

12

15

3

Quartzite

9490

0.95

17

40

X6932

EPT001

15

18

3

Quartzite

10800

1.08

3

40

X6933

EPT001

30

33

3

Dolomite

5810

0.58

11

290

X6934

EPT001

33

36

3

Dolomite

15000

1.50

91

1720

X6935

EPT001

36

37

1

Dolomite

1950

0.20

11

110

X6936

EPT001

37

39

2

Dolomite

11500

1.15

13

30

X6937

EPT001

39

41

2

Dolomite

35700

3.57

170

80

X6938

EPT002

0

1

1

Dolomite

2280

0.23

1

80

X6939

EPT003

9

10

1

Qtz Vein

460

0.05

1

260

X6940

EPT003

15

18

3

Dolomite

3160

0.32

<1

370

X6941

EPT003

18

21

3

Dolomite

2390

0.24

<1

790

X6942

EPT003

21

24

3

Dolomite

3620

0.36

<1

1440

X6943

EPT003

24

27

3

Dolomite

3860

0.39

1

420

X6944

EPT003

27

30

3

Dolomite

16300

1.63

1

1380

X6945

EPT003

44

46

2

Sandstone

22800

2.28

82

1990

X6946

EPT003

46

48

2

Sandstone

25600

2.56

9

1430

X6947

EPT003

48

50

2

Sandstone

31300

3.13

89

2380

X6948

EPT004

30

31

1

Dolomite

6020

0.60

<1

120

X6949

EPT004

31

32

1

Qtz Vein

54300

5.43

1

30

X6950

EPT004

47

48

1

Sandstone

470

0.05

<1

80

X6952

EPT010

20

23

3

Shale

400

0.04

<1

<20

X6953

EPT010

23

26

3

Shale

30

0.00

<1

<20

X6954

EPT010

26

29

3

Shale

110

0.01

<1

<20

*WGS84 Z33S

The Company will continue to explore the Project area with further prospecting, geological mapping, sampling and trenching, looking toward developing future drill targets along the prospective copper horizon. To the Company’s knowledge, no work has been completed in any areas outside of the Okohongo Cu-Ag Deposit since 2012.

Figure 1: Recent copper assay results from grab samples is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5fe10f36-02ea-4246-a5de-cec89e921d77

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

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.