White Tiger Mining Corp.: Marshall Lake Property Drilling Intersects 100 m of 0.24% Copper, 0.9 Grams/Tonne Silver, Including...
November 09 2011 - 1:23PM
Marketwired
White Tiger Mining Corp. (TSX VENTURE:WTC)(FRANKFURT:W0I) (the
"Company" or "White Tiger") is pleased to report the assay results
from drill hole RMZ 11-25 located 25 metres to the west of drill
holes RMZ 11-21 and RMZ 11-23 for its Marshall Lake project. The
Marshall Lake Property is a copper, silver and gold exploration
project located 30 km west of Nakina, Ontario and is accessible via
a good all weather gravel road from Hwy 11 and is 22 km north of
the main CNR rail line.
Drill hole RMZ 11-25 intersected the near surface expression of
the "Lease Zone" from 5 metres to 105 metres. The drill hole was
continued to depth and successfully intersected the "RM Zone" to
the north at a depth of 249 metres to 276 metres. The assay results
for drill hole RMZ 11-25 are as follows:
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Hole From To Width Ag Au
Number (metres) (metres) (metres) Cu (%) (g/tonne) (g/tonne)
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RMZ11-25 5 105 100 0.24 0.9 0.012
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including 9 23 14 0.39 1.4 0.020
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and 55 75 20 0.59 2.6 0.035
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including 59 68 9 1.14 5.1 0.058
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RMZ11-25 249 276 27 0.32 1.2 0.013
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including 258 259 1 1.01 3.1 0.028
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and 272 274 2 1.98 8.3 0.112
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The true width of the mineralized zones is estimated to be 66% of the
mineralized Intersection.
The recently completed core drilling program was designed to
further expand the RM Zone with an emphasis on a suspected fold
hinge where the mineralization had potential to become thicker and
richer. The Company believes that the drilling results to date have
established that the RM Zone and Lease Zone, although converging,
are a related sequence of mineralized zones. The geological model
continues to evolve. The RM Zone remains open to the west, east and
north with a projected strike length of the host lithology of over
900 metres with average widths of 25 to 100 metres of copper,
silver and gold drill intercepts.
The copper, gold and silver mineralization is hosted in a series
of volcanic units of intermediate to felsic composition. The
principal host lithology is a coarse air-fall tuff breccia with
clasts ranging up to several decimeters in size. Chalcopyrite is
dispersed as disseminations, clots and stringers within the breccia
matrix. This texture is easily recognized in outcrops recently
exposed near the collars of the RM Zone drilling. The
mineralization, in its occurrence and style, is similar to portions
of known significant dacitic-rhyolitic VMS (volcanogenic massive
sulphide) deposits thought to be transitional into porphyry copper
deposits. One of the better known examples of a transitional
deposit of this nature is the "Murgul" deposit located in
Turkey.
Drill core was split at the Marshall Lake property and sample
preparation was done by ALS Chemex in Thunder Bay, Ontario. Pulp
samples (less than 75 microns) were then sent by secure courier to
ALS Chemex in North Vancouver, British Columbia and analyzed by ICP
spectrometer ("ICP") using a 0.5g representative pulp dissolved in
Aqua Regia (3 acid) digestion. All samples grading over 1.0% copper
were re-assayed with ore grade ICP and Aqua Regia digestion. Gold
analysis was done on a 30 gram sample by fire assay extraction with
AA ("Atomic Absorption") finish.
Assays for recently completed core drill holes RMZ 11-20, -22,
-26, -27, -28, -29 and -30 are pending and will be released when
received and reviewed by the Company.
Previously announced drill hole RMZ 11-23 was collared 25 metres
to the south of and beneath drill hole RMZ 11-21, and was designed
to test the down dip extension of mineralization in drill hole RMZ
11-21 and the following results were previously announced in the
Company's news releases dated April 20, 2011 and May 3, 2011:
Drill hole RMZ 11-21 (located 25 metres to the east of RMZ 11-25)
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Hole From To Width Ag Au
Number (metres) (metres) (metres) Cu (%) (g/tonne) (g/tonne)
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RMZ11-21 12 95 83 0.30 1.3 0.037
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Including 12 30 18 0.59 2.8 0.091
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And 12 72 60 0.37 1.7 0.045
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Including 19 25 6 1.08 5.4 0.183
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Including 68 72 4 1.30 5.7 0.081
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Including 132 190 58 1.00 4.4 0.084
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Including 149 182 33 1.53 6.8 0.127
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And 155 160 5 3.73 16.4 0.308
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Including 158 160 2 6.25 28.6 0.540
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Including 159 160 1 8.85 38.6 0.826
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The true width of the mineralized zones is estimated to be 66% of the
mineralized intersection.
Drill hole RMZ 11-23 (located 25 metres to the east of RMZ 11-25)
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Hole From To Width Ag Au
Number (metres) (metres) (metres) Cu (%) (g/tonne) (g/tonne)
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RMZ11-23 40 150 110 0.30 1.5 0.031
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Including 50 57 7 1.45 6.5 0.159
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Including 71 91 20 0.44 2.0 0.044
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Including 221 241 20 0.62 2.3 0.045
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Including 233 237 4 1.76 6.8 0.115
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Including 232 241 9 1.02 4.0 0.080
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Including 269 331.5 62.5 0.60 2.7 0.064
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Including 269 310 41 0.80 3.5 0.070
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Including 269 293 24 1.01 4.0 0.090
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Including 278 282 4 2.87 9.5 0.242
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Including 278 279 1 6.71 18.3 0.601
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Including 269 300 31 0.90 3.7 0.078
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The true width of the mineralized zones is estimated to be 66% of
mineralized intersection.
White Tiger has the option to earn a 50% interest in the
Marshall Lake project from Rainy Mountain Royalty Corp. ("Rainy
Mountain") (TSX VENTURE: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 Rick Walker
P.Geo., who is acting as the Company's Qualified Person for the
Marshall Lake property project, in accordance with regulations
under NI 43-101.
White Tiger Mining Corp.
Ronald Coombes, President & 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 604-682-5123www.whitetigermining.com