Westcity Share Discussion Threads

[stu31] 09/6/2011 14:28

there are a number of major problems with this company but top of my list is the fact that they raised $1.5m in January and then said this:



The RM Zone has now been traced for 600 m and the Phase 2 core drilling program (soon to be underway) has been designed to test the west sub parallel section (which has been traced for 200 – 250 m in strike length), and the northeast potential extension for an additional 300 m. The southern section joins the RM Zone trend at the "Lease Zone" showing, which suggests a possible fold structure. Markers (such as a fragmental volcanic unit observed along the southern flank of the RM Zone) will be used to define the structure.

The initial 2,300 m Phase 2 core drilling program is designed to define the potential strike extension which will then be followed up by detailed infill drilling to potentially identify a measured or indicated NI 43-101 resource. Drilling is expected to continue through most of April 2011.



in the event they drilled 2 (average) holes and then came back to the market 4 months later to raise more money..suspicious..although they have proved effective in stock promotion..

[sweepie2] 09/6/2011 09:45

So far into June my forecast of a recovery hasn't happened but still time before I look like a complete twit, I'm sure that there will be some news in the next week or two about drilling

[sweepie2] 11/5/2011 07:10

Reached the bottom will climb again come June/July drilling

[sweepie2] 03/5/2011 15:24

Yes average but these copper showings are starting to add real value to the project, it all adds up to a mineable total, also the chance that that there could be more at depth. Not FAB but pretty steady, if the holes continue to show copper on the drill bit then the tonnage continues to climb. I for one if I was in Canada would buy at these levels and give them a long term view at least a year.

[stu31] 03/5/2011 14:38

there is the gap filled on another pretty average hole

White Tiger Mining Corp.: Drill Hole RMZ11-23 Intersects 62.5 m of 0.60% Copper, 2.7 grams/tonne Silver, Including 24m of 1.01% Copper and 4.0 grams/tonne Silver
May 3, 2011 (Marketwire Canada) --

WEST VANCOUVER, BRITISH COLUMBIA -- Further to the Company's news releases of April 5th, 11th and 20th, 2011, White Tiger Mining Corp. (the "Company" or "White Tiger") (TSX VENTURE:WTC)(FRANKFURT:W0I) is pleased to report the assay results from drill holes RMZ11-23 and RMZ11-24 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.

"As the RM Zone on the Marshall Lake Property continues to be expanded with significant intercepts of mineralization, it appears that the deposit is near enough to surface to be amenable to low cost open pit mining methods. We are excited with having the entire Marshall Lake geological setting under option and the drilling success that we have had to date certainly warrants more drilling near term. Prior to re-commencing drilling, further IP (induced polarization) work, including downhole geophysics and structural mapping, will be completed. Once all of this data has been compiled and reviewed, the Company is planning to commence an additional $1.0 million drill program, which is anticipated to begin in June. This additional drilling will focus on the continued expansion of the RM Zone with an emphasis on the suspected fold hinge where the mineralization has potential to become thicker and richer. It is our goal to complete enough drilling in 2011 to be in a position to commence preparation of an NI 43-101 resource report on the Marshall Lake Property," says Ron Coombes, President and CEO of White Tiger Mining Corp.

The assay results for drill hole RMZ11-23 are as follows:

Hole From To Width Cu Ag Au
Number (metres) (metres) (metres) (%) (g/tonne) (g/tonne)
RMZ11-23 40 150 110 0.30 1.5 0.031
incl 50 57 7 1.45 6.5 0.159
incl 71 91 20 0.44 2.0 0.044
221 241 20 0.62 2.3 0.045
incl 233 237 4 1.76 6.8 0.115
incl 232 241 9 1.02 4.0 0.080
269 331.5 62.5 0.60 2.7 0.064
incl 269 310 41 0.80 3.5 0.070
Incl 269 293 24 1.01 4.0 0.090
incl 278 282 4 2.87 9.5 0.242
incl 278 279 1 6.71 18.3 0.601
incl 269 300 31 0.90 3.7 0.078

The true width of the mineralized zones is estimated to be 66% of the mineralized intersection.

Drill hole RMZ11-23 was collared 25 metres to the south of and behind drill hole RMZ11-21, and was designed to test the down dip extension of mineralization in drill hole RMZ11-21. The widths of copper mineralization intersected in drill hole RMZ11-23 are substantially larger than expected, or that the geophysical IP anomalies indicated, and as a result, we are now reviewing all previous drill hole data in order to better understand the structural controls and determine whether these previous holes should be extended further to assess if the mineralization extends beyond where previously indicated. Drill hole RMZ11-21 was drilled over a distance of 190 metres to a mineralized vertical depth from surface of 134 metres and drill hole RMZ11-23 was drilled over a distance of 331 metres to a mineralized vertical depth of 218 metres. The diagonal nature of these drill holes is important to note as it means that the mineralization being encountered is much nearer to surface than the drilling distances indicate.

Drill hole RMZ11-24 was collared 75 metres to the north of and in front of RMZ11-21 and was designed to, and it appears to have intersected, the up-dip projection to the surface of the RM Zone mineralized sections intersected in drill holes RMZ11-21 and RMZ11-23. Down-hole geophysics is planned to further confirm. This will also assist the Company to determine the best drill collar locations for further drilling of the section.

The assay results for the drill hole RMZ11-24 are as follows:

Hole From To Width Cu Ag Au
Number (metres) (metres) (metres) (%) (g/tonne) (g/tonne)
RMZ11-24 19 41 22 0.44 1.9 0.029
incl 27 32 5 1.06 4.2 0.101
56.46 66 9.54 0.28 1.4 0.037
78 106 28 0.32 1.5 0.038
incl 82 103 21 0.38 1.7 0.046

The true width of the mineralized zones is estimated to be 66% of the mineralized intersection.

The drilling and IP geophysics suggest that both the northern RM Zone and the southern Lease Zone (which the Company describes as "limbs") are converging at the Lease Zone surface showing within the suspected fold hinge (100 metres west of hole RMZ11-21).

Since 2006, White Tiger and its joint venture partners have spent in excess of $5.0 million on the Marshall Lake project and, during the last 12 months, White Tiger has completed its first $1.0 million of spending on its option to earn a 50% interest in the project. The new assay results obtained from drill holes RMZ11-23 and RMZ11-24 are in addition to other past significant results from the RM Zone in particular, and the Marshall Lake Property, in general.

Drill core was split at the Marshall Lake property and sample preparation was done by ALS Chemex in Thunder Bay, Ontario. Pulp samples (

[grum3still] 27/4/2011 13:59

Yes Rodspotty. they are a punch of plonkers. However, upper band of lower mineralisation is very mineable if they can find enough 1% grade underneath and the next hole, RM23 may give better guidance. I am still optimistic despite severe disappointment after the rhetoric. Hopefully get result some time this week.

[rodspotty] 27/4/2011 12:59

Unfortunately the CEO of WTC set himself up for a fall by using the word ''awesome'' only stonking assay results would have satisfied the market after that remark. Personally I thing 40c is the bottom for now however if the next assay results don't come up to the markets expectations, then its back to 20c, on the other hand a really good set of results and we are into another buying frenzy. DYOR

Rodders

[stu31] 26/4/2011 17:06

well you'll be able to buy at the same price shortly..the gap at 35c will almost certainly fill

[robizm] 26/4/2011 17:01

I would have bought before the drill started in March

[stu31] 26/4/2011 16:45

Are you hopeful that the assay results on the next hole will be different?

Nope, are you? ;-)

Did they not suspend after getting the results of the 2nd hole

they suspended after viewing the drill core from the first hole (listen to the interview in the header), there were no results at that time..you can buy any small canadian company if you open an account with td waterhouse



however, if you had bought when the shares were hyped up to 90c you may not be too happy now so maybe that is a good thing lol

[robizm] 26/4/2011 16:11

Did they not suspend after getting the results of the 2nd hole which will be good even if the deeper zone of 68% is 1%. I wish i could buy wtc as cant buy companies this small in canada

[sweepie2] 26/4/2011 07:14

Are you hopeful that the assay results on the next hole will be different?

[stu31] 20/4/2011 19:42

stu31 - 11 Apr'11 - 16:14 - 7 of 11 edit

if it turns out to be 50m at 1% Cu these will be back down again.


turned out to be 58m at 1% which was not much better than strait gold announced recently to total market indifference. For the management to hype this up pre these results is quite amazing

[stu31] 20/4/2011 19:31

as expected, totally over-hyped

White Tiger Mining Corp.: "RM Discovery" Yields Wide Copper Zones at Marshall Lake Property, Ontario

White Tiger Mining Corp. (TSX:WTC)
Intraday Stock Chart
Today : Wednesday 20 April 2011

White Tiger Mining Corp. (TSX VENTURE: WTC)(FRANKFURT: W0I) -

Further to the Company's news releases of April 5 and April 11, 2011 (drilling results announced), White Tiger Mining Corp. (the "Company" or "White Tiger") is very pleased to report the assay results from drill hole RMZ11-21 for the Marshall Lake project in Ontario.

Drill hole RMZ11-21 was designed to test the western extension of the "RM Zone", which drill hole is located 300 metres southwest of the initial discovery (drill hole GAZN08-06 and follow up drill hole GAZN10-15, as referred to in White Tiger's news releases dated November 3, 2010 and April 5, 2011). The Company believes that the two mineralized zones intersected by drill hole RMZ11-21 indicate that the RM Zone extends along strike to the west and that the Lease Zone showing extends along strike to the east (which occurs 100 metres west of hole RMZ11-21).

The assay results for the RM Zone portion of drill hole RMZ11-21 are as follows:


---------------------------------------------------------------------------
Hole From To Width Cu Ag Au
Number (metres) (metres) (metres) (%) (g/tonne) (g/tonne)
---------------------------------------------------------------------------
RMZ11-21 132 190 58 1.00 4.4 0.084
---------------------------------------------------------------------------
Including 149 182 33 1.53 6.8 0.127
---------------------------------------------------------------------------
And 155 160 5 3.73 16.4 0.308
---------------------------------------------------------------------------
Including 158 160 2 6.25 28.6 0.540
---------------------------------------------------------------------------
Including 159 160 1 8.85 38.6 0.826
---------------------------------------------------------------------------

The true width of the mineralized zones is estimated to be 66% of the
mineralized intersection.


Drill hole RMZ11-23 was collared 25 metres south and was drilled beneath drill hole RMZ11-21. Assays are pending for drill hole RMZ11-23 and will be released when received and reviewed by the Company. The reported mineralization supports the possibility of an eastward trend from the Lease Zone showing. The IP geophysical survey and core drilling completed in November 2010 indicate a potential strike length of 625 metres for the RM Zone (see news releases dated November 3, 2010 and November 17, 2010).

The assay results for the Lease Zone portion of drill hole RMZ11-21 are as follows:


---------------------------------------------------------------------------
Hole From To Width Cu Ag Au
Number (metres) (metres) (metres) (%) (g/tonne) (g/tonne)
---------------------------------------------------------------------------
RMZ11-21 12 95 83 0.30 1.3 0.037
---------------------------------------------------------------------------
Including 12 30 18 0.59 2.8 0.091
---------------------------------------------------------------------------
And 12 72 60 0.37 1.7 0.045
---------------------------------------------------------------------------
Including 19 25 6 1.08 5.4 0.183
---------------------------------------------------------------------------
Including 68 72 4 1.30 5.7 0.081
---------------------------------------------------------------------------

The true width of the mineralized zones is estimated to be 66% of the
mineralized intersection.


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.

The Marshall Lake Property is a copper, silver and gold exploration project located 30 km west of Nakina, Ontario, with access via good all weather gravel road from Hwy 11 (and 22 km north of the main CNR rail line).

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.

[stu31] 13/4/2011 15:49

assuming 50m shares in issue that discounted npv drops to $1.30..

this is probably around the time when a spike upwards could probably be attributed to the assays starting to be analysed by some lab workers with trading accounts ;-)

[stu31] 13/4/2011 14:52

one thing about the above Rod, it's not 15m shares fd it's 22.2m..and it would clearly be a massively higher number to bring the above to the surface..which any npv would surely have to factor in..even assuming the in situ numbers stack up..which remains to be seen ;-)

[rodspotty] 13/4/2011 10:53

While we wait for more news, here is one persons take on the potential value of this share IF????? the assay results are good.....

Trying to get some idea of what to expect in terms of grade. From the last news release:

The RM discovery drill hole (GAZN08-06), now referred to as the RM zone, is located 300 metres northeast of core drill hole RMZ11-21, indicating a 425-metre strike length of mineralization to date. Recent IP (induced polarization) surveys suggest to White Tiger that there could be an additional 200-metre extension to the northeast of the RM zone, which could bring the total potential mineralization to 625 metres.

From the technical report this is the description of the discovery hole:

GAZN-08-06

This hole is designed to determine the dip of the zone intersected in previously drilled

hole GAZN-07-02 (45 degree dip). Therefore, the hole was drilled 1.5m south of the

GAZN-07-02 collar at a dip of 60 degrees. Cpy mineralization was intersected from

68.9m to 69.15m containing 5% cpy. From 70.1m to 76.1m 4% cpy. From 76.1m to

83.4m 5-10% cpy; within this interval from 80.75m to 80.9m a semi-massive 20% cpy

vein exists. From 83.4m to 83.51m a semi-massive vein of cpy 20% exists. From

83.54m to 85.5m contains 5% cpy. Semi-massive veins occur with chl-amph-qtz

alteration and occur in roughly 10cm intervals from 85.5m to 88.0m with 5%

disseminated cpy zones between the semi-massive veins. From 88.0m to 89.7m 5% cpy.

From 89.7m to EOH mineralization is about 1%. This hole averaged 1.74% Cu, 0.32 g/t

Au and 8.89 g/t Ag over 24 meters from 70m to 94m; within this interval a higher grade

intercept over 5 meters from 85m to 90m averaged 3.36% Cu, 0.68 g/t Au and 17.14 g/t

Ag.

Using the grading in the discovery hole of 1.74% Cu .32 g/t Au and 8.89 g/t Ag the rock value would be about $175/t or about $460 per cubic meter. I recall hearing the CEO talk about 5 million tonnes being what could be on the property so I ran my calculator using the above grades on a deposit 625 meters long (the potential strike length of the RM zone) 30 meters wide and 100 meters thick to come up with 5 million tonnes. The insitu mineral value would be $866 million.

rock weight in kg per cubic meter
2650
lbs/tonne
value
0.0292
conversion (troy ounce per short ton)

% ni
0
0
0
0
2.205
lbs/kg

% cu
1.74
0.0174
38.367
153
1000
kg/tonne


oz/tonne
2205
lbs/tonne

g/t au
0.32
0.009344
13

g/tag
8.9
0.25988
8

174
rock price per tonne

2.65
conversion factor

462
rock price per meter

grade
0.32
g/t

area
width
30
tonnes

length
625
4,968,750

depth
100

1,875,000
cubic meters

$866,281,688
insitu value

15,000,000
# shares f/d

0.75
option interest

$43
value/share

0.9
discount

$4.33
DISCOUNTED NET PRESENT VALUE

[stu31] 11/4/2011 16:14

really wish I could sell a few here..in my experience the results almost never match the expectations of the speculators piling in..until those assays come back it is impossible to say how significant this is..if it turns out to be 50m at 1% Cu these will be back down again.

price now 90c for future reference

[rodspotty] 11/4/2011 15:20

Trading in WTC and RMO resumes at 1530 UK time.

Rodders

[stu31] 07/4/2011 21:25

Marshall Lake
The Story
The Marshall Lake Property is an extensive Volcanic hosted (VMS), mineralized, land package of approximately 10km by 16km in size covering over 20 significant showings of Copper, Zinc, Silver and Gold. The previous work had been completed by competently known companies of the day (Billiton, Falconbridge Copper etc.).

Historically, these companies conducted exploration efforts on small mineral tracts within their own portion of the Property, but for the first time the entire Property has been compiled under one owner in a single camp package. In addition, during the time of these historical efforts, those companies were exploring with little infrastructure based on the assumption of a $0.30-$0.60/ lb. copper market and a $35/oz. gold market.

Given the current copper and gold markets, as well as the positive outlook predicted by many industry professionals, White Tiger's Marshall Lake Property is well positioned in a newly formed property package that is comparable in size to the Noranda Camp, Ontario, which currently has 31 operating mines. White Tiger intends to further advance the Marshall Lake Property in a similar fashion.

Another notable change in further exploring the property can be attributed to the advancement of exploration technology, which has allowed White Tiger to more accurately target historical zones, provide extensions of these zones and develop new zones that were not previously identified.

Additionally, the Marshall Lake Property is well located to infrastructure – 30 km west of Nakina, Ontario with access by all weather gravel road from Highway 11 and the main CNR rail line is within 22km to the south of the Property.



Norton Lake
The Story
The Norton Lake Property is a Nickel (Ni), Copper (Cu), Cobalt (Co) & Platinum Group Elements (PGE) deposit which is located about 50 km northeast of Fort Hope, Ontario, and about 400 km northeast of Thunder Bay, Ontario, Canada. Numerous advanced chromite mines have committed to building railway access to the region. This is a long overdue step in bringing infrastructure to areas of high economic potential.

[stu31] 07/4/2011 21:15

Investment Industry Regulatory Organization of Canada - Trading Halt - White Tiger Mining Corp. - WTC
Apr. 7, 2011 (Canada NewsWire Group) --
VANCOUVER, April 7 /CNW/ - The following issues have been halted by Investment Industry Regulatory Organization of Canada (IIROC):

Issuer Name: White Tiger Mining Corp.
TSX-V Ticker Symbol: WTC
Time of Halt: 15:22 ET
Reason for Halt: Company Request Pending News


IIROC Inquiries [phone] - *Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

[stu31] 07/4/2011 21:13

White Tiger Mining finds mineral zones at Marshall Lake

2011-04-05 09:32 ET - News Release


Mr. Ronald Coombes reports

RMZ11-21 DRILL HOLE INTERSECTS TWO SIGNIFICANT CHALCOPYRITE ZONES WITHIN THE RM ZONE, MARSHALL LAKE PROJECT, NEAR THUNDER BAY, ONTARIO

White Tiger Mining Corp. is providing an update on the current progress of its phase-two exploration drilling program currently under way on its Marshall Lake RM zone discovery. The Marshall Lake property is an advanced-stage copper, silver and gold exploration project located 30 kilometres west of Nakina, Ont. (access is by good, all-weather gravel road from Highway 11 and 22 kilometres north of the main CNR rail line).

The company's first drill hole (RMZ11-21) of the Marshall Lake property phase-two drill program has intersected two significant zones. The first zone consists of 101 metres of chalcopyrite stringer followed by a second zone of 57 metres, which is interpreted by the company to be an extension of the RM zone (from previous drill holes RMZ10-10, 11 and 15). The RMZ11-21 core drill hole is the longest and most continuous mineralized drill intersection that the company has completed on the Marshall Lake property to date.

Drill hole RMZ11-21 is located 100 metres east of the Lease zone showing where historical assays from 1961 were reported as 1.58 per cent copper over 15 metres in core length and 2.0 per cent chalcopyrite over 31.5 metres (note: such historical results do not meet NI 43-101 standards and therefore should not be relied upon; however, the company's qualified person believes the historical assays are relevant and were completed by competent persons to the standards of the period in which the assays were completed).

Drill hole RMZ11-21 intersected mineralization just three metres from surface to a depth of 106 metres for a total mineralized core length of 103 metres. The second zone within the drill hole (from 132 metres to 190 metres) intersected chalcopyrite mineralization and from 147 metres to 190 metres the company believes that the chalcopyrite mineralization improves significantly. The drill hole entered into a porphyry-crystal tuff at 190 metres and the drill hole was terminated at a depth of 202 metres.

The RM discovery drill hole (GAZN08-06), now referred to as the RM zone, is located 300 metres northeast of core drill hole RMZ11-21, indicating a 425-metre strike length of mineralization to date. Recent IP (induced polarization) surveys suggest to the company that there could be an additional 200-metre extension to the northeast of the RM zone, which could bring the total potential mineralization to 625 metres.

Although the company is optimistic about its preliminary phase-two drill results, assays for core drill hole RMZ11-21 are pending and will be announced when received and reviewed by the company. The drill core is being split at the Marshall Lake property camp and will be sent for assay preparation at an ALS Chemex facility in Thunder Bay, Ont.

[stu31] 07/4/2011 21:12

15.4m shares in issue. 22.2m fully diluted
Market cap C$7.7m (£5m) at 50c


White Tiger Mining Corp. (TSX:WTC). is a junior exploration company listed on the TSX-V and the Frankfurt Exchange. White Tiger Mining has two key properties that are located in Northern Ontario. The Marshall Lake property is an advanced stage copper, silver, gold exploration project located 30km West of Nakina, Ontario. White Tiger's Norton Lake Property is a nickel, copper, cobalt, and platinum group elements deposit that is located about 50 km northeast of Fort Hope, Ontario, and about 400 km northeast of Thunder Bay, Ontario.

website: Whitetigermining.com