- White Metal Resources (WHM) announced the company has discovered three new gold zones at its Flagship Tower Stock Gold Project
- The discovery is a result of the Ontario-based company’s phase 2 drilling program at the property near Thunder Bay, Ontario
- The company has also received assay results for five diamond drill holes from the drilling program
- The first new gold zone was drilled to test a high priority geophysical target, and the second and third new gold zones were found at surface as part of the ongoing prospecting and mapping program
- White Metal Resources is unchanged, trading at $0.085 at 12:39 pm ET
White Metal Resources (WHM) announced the company has discovered three new gold zones at its Flagship Tower Stock Gold Project.
The discovery is a result of the Ontario-based company’s phase 2 drilling program at the property near Thunder Bay, Ontario.
The company has also received assay results for five diamond drill holes from the drilling program.
The program totalled 3,760 metres in 20 drill holes with 11 drill holes reported to date.
“We are extremely pleased with the progress of our exploration to date. Yet again we have demonstrated, through drilling and our ongoing prospecting and mapping program, that there are still lots of surprises at the Tower Stock Gold Project. With only one year of exploration on the property, we have made several new discoveries such as the Ellen and 110 Zones and have expanded the Bench and D Zones. Prospecting, mapping and soil sampling have proven very effective with a number of additional untested surface areas discovered including the C & M Zone, Star Zone and Popa Zone.
We look forward to receiving the results of the remaining drill core assays, which include the extension drilling of the Ellen Zone, the 04-36 Zone, and an untested IP anomaly in the area to the south of the 04-36 Zone. The Tower Stock Gold Project, unique due to its excellent location, great infrastructure and impressive geology, has delivered exceptional gold grades over wide intervals, including some very exciting high-grade gold intercepts,” said White Metal President and CEO Michael Stares.
White Metal Resources is unchanged, trading at $0.085 at 12:39 pm ET.