- White Metal Resources (WHM) has launched its first reverse circulation drill program at the Taranis copper-silver project in northwest Namibia
- The company received an Environmental Clearance Certificate in January last year and recently completed the re-logging of historical drill hole sample chips
- Roughly 3,000 metres of drilling has been planned with the aim of generating a new mineral resource estimate for the Okohongo deposit
- According to a March 2011 Technical Report, Okohongo hosts an inferred mineral resources of 10.2 million tonnes grading 1.12 per cent copper and 17.75 grams per tonne of silver
- White Metals Resources is currently steady at 9.5 cents per share
White Metal Resources (WHM) has launched its first reverse circulation drill program at the Taranis copper-silver project in northwest Namibia.
The Thunder Bay-based exploration company received an Environmental Clearance Certificate in January last year and recently completed the re-logging of historical reverse circulation drill holes sample chips, as well as the re-sampling of previously collected diamond drill cores, both of which had been stored in a government warehouse.
Roughly 3,000 metres of drilling has been planned with the primary aim of generating a new mineral resource estimate for the Okohongo copper-silver deposit. A reconnaissance geological mapping and sampling program will also be completed.
“Given the recent rise in copper prices and positive outlook for the metal’s future, we are committed to continuing to advance the project, which in addition to a copper-silver resource, shows excellent exploration potential,” said Michael Stares, President and CEO of White Metal Resources.
“We are continuing to seek a partner for this project, while we focus on the company’s flagship property, the Tower Stock Gold Project, located in northwestern Ontario,” he added.
According to a Technical Report from March 2011, the Okohongo deposit hosts an inferred mineral resource of 10.2 million tonnes at an average grade of 1.12 per cent copper and 17.75 grams per tonne of silver.
The deposit has been shown to extend more than 600 metres in strike length and 400 metres down-dip, and is thought to be open in all directions.
It sits within the Kaoko Belt of northwestern Namibia, roughly 700 kilometres northwest of Windhoek, and is considered to be analogous with the stratiform sediment-hosted Central African Copperbelt deposits of Zambia and the Democratic Republic of the Congo.
White Metals Resources is currently steady at 9.5 cents per share as of 2:22pm EST.