White Tiger Mining Corp.: Geophysical Surveys and 3D Modeling Further Define Copper RM Zone for the Marshall Lake Property Proje
May 30 2011 - 11:50AM
Marketwired
White Tiger Mining Corp. (TSX VENTURE: WTC)(FRANKFURT: W0I) (the
"Company" or "White Tiger") is pleased to announce that 3D modeling
has been completed for certain portions of the Marshall Lake
copper, silver and gold exploration project located 30 km west of
Nakina, Ontario. The 3D modeling is based on analytical data from
core drill holes GAZN-07-02, GAZN-08-06 and -08 and RMZ-10-09, -10,
-11, -12, -13, -14, -15, -16, -17, -18 and -19. This analysis has
produced a grade cell block model of the "RM Zone" that shows that
the Zone has a sub-vertical dip to the north and has consistent
grade, continuity and good widths between drill holes. The Company
believes that with continued drilling success of mineralization
near surface, the RM Zone is potentially amenable to low cost open
pit mining methods.
Additionally, detailed IP (induced polarization) surveys have
now been completed for the RM Zone target area which indicate a
possible fold hinge in the vicinity of the Lease Zone showing
(which is to the southwest and converging with the RM Zone). Also,
a parallel (untested) IP zone has been discovered along the north
side of the RM Zone which potentially adds additional near surface
mineralization.
As well, downhole geophysical ("mise-a-la-masse") surveys
conducted between drill hole RMZ11-21 and RMZ 10-15 appear to
indicate the presence of a fold hinge and also suggest continuity
and extension of mineralization east and west of the drill holes
within the RM Zone.
In view of these results and analysis, the Company now intends
to proceed with a phase three drill program, which is scheduled to
begin in the coming weeks.
White Tiger has the option to earn a 50% interest in the
Marshall Lake project from Rainy Mountain Royalty Corp. ("Rainy
Mountain" - TSX-V:RMO) and Marshall Lake Mining PLC ("MLM") by
spending $4 million in exploration expenditures over 5 years and
issuing 2 million shares over 4 years to Rainy Mountain. As well,
White Tiger has the additional option to increase its interest to
75% by incurring such additional expenditures as are necessary to
take the project to bankable feasibility stage.
This news release has been reviewed and approved by Robert
Middleton, P.Eng., who is acting as the Company's Qualified Person
for the Marshall Lake property project, in accordance with
regulations under NI 43-101.
For further information, contact Mr. Clive Shallow, Shareholder
Communications, at 604-922-2030, Robert A. Young, Investor
Relations, at 604-682-5123 or visit the Company's website at
www.whitetigermining.com (the Company's 3D model, as referred to
above, will also be posted on its website).
White Tiger Mining Corp.
Ronald A. Coombes, President and CEO
This news release includes certain statements that may be deemed
"forward-looking statements" within the meaning of applicable
securities legislation. All statements, other than statements of
historical facts, that address such matters as future exploration,
drilling, exploration activities, potential mineralization and
resources and events or developments that the Company expects, are
forward looking statements and, as such, are subject to risks,
uncertainties and other factors of which are beyond the reasonable
control of the Company. Such statements are not guarantees of
future performance and actual results or developments may differ
materially from those expressed in, or implied by, this
forward-looking information. Factors that could cause actual
results to differ materially from those in forward-looking
statements include such matters as market prices, exploitation and
exploration results, continued availability of capital and
financing, and general economic, market or business conditions. Any
forward-looking statements are expressly qualified in their
entirety by this cautionary statement. The information contained
herein is stated as of the current date and subject to change after
that date and the Company does not undertake any obligation to
update publicly or to revise any of the forward-looking statements,
whether as a result of new information, future events or otherwise,
except as may be required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: White Tiger Mining Corp. Mr. Clive Shallow Shareholder
Communications 604-922-2030 White Tiger Mining Corp. Robert A.
Young Investor Relations 604-682-5123 www.whitetigermining.com