- White Metal Resources (WHM) announced it has intersected gold during Phase 3 drilling at its Tower Mountain Gold Project
- Its flagship project is located 50 kilometres west of Thunder Bay, Ontario
- The company has received additional drill core assay results from the program
- The company intersected 1.5 metres of 27.2 grams per tonne of gold in the A Zone, and 1.5 metres of 10.9 grams per tonne of gold in the project’s D Zone
- White Metal Resources is unchanged, trading at $0.08 at 11:40 a.m. ET
White Metal Resources (WHM) announced it has intersected gold during Phase 3 drilling at its Tower Mountain Gold Project.
Its flagship project is located 50 kilometres west of Thunder Bay, Ontario.
The Ontario-based company has received additional drill core assay results from the Phase 3 drilling program.
The company intersected 1.5 metres of 27.2 grams per tonne of gold in the A Zone, and 1.5 metres of 10.9 grams per tonne of gold in the project’s D Zone.
Drilling results from C&M Zone suggest a possible link to alteration and gold mineralization located in the areas of the D and 110 zones, extending the strike for more than 700 metres to the west.
The company says it is “pleased” with the results so far, which continue to identify gold over long core intervals and high-grade gold over narrower core intervals.
More drilling is required to evaluate the full potential and scale of the D, 110, C&M and A zones, as well as numerous other zones and surface showings.
The Phase 3 drilling program demonstrates the potential of the Tower Mountain Gold Project to host mineralization potentially amenable to a large, low-grade gold open pit operation with high-grade sections that could be amenable to underground mining.
The Tower Mountain Gold Project consists of unpatented and patented lands totalling 1,968 19.68 square kilometres. The property can be worked year-round with well-maintained roads and a power grid.
White Metal Resources is unchanged, trading at $0.08 at 11:40 a.m. ET.