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Share Name | Share Symbol | Market | Type |
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Millstream Mines Ltd. (delisted) | TSXV:MLM | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
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: ---------------------------------------------------------------------------- Hole From To Width Ag Au Number (metres) (metres) (metres) Cu (%) (g/tonne) (g/tonne) ---------------------------------------------------------------------------- RMZ11-25 5 105 100 0.24 0.9 0.012 ---------------------------------------------------------------------------- including 9 23 14 0.39 1.4 0.020 ---------------------------------------------------------------------------- and 55 75 20 0.59 2.6 0.035 ---------------------------------------------------------------------------- including 59 68 9 1.14 5.1 0.058 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- RMZ11-25 249 276 27 0.32 1.2 0.013 ---------------------------------------------------------------------------- including 258 259 1 1.01 3.1 0.028 ---------------------------------------------------------------------------- and 272 274 2 1.98 8.3 0.112 ---------------------------------------------------------------------------- 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) ---------------------------------------------------------------------------- Hole From To Width Ag Au Number (metres) (metres) (metres) Cu (%) (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 ---------------------------------------------------------------------------- Including 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 RMZ 11-23 (located 25 metres to the east of RMZ 11-25) ---------------------------------------------------------------------------- Hole From To Width Ag Au Number (metres) (metres) (metres) Cu (%) (g/tonne) (g/tonne) ---------------------------------------------------------------------------- RMZ11-23 40 150 110 0.30 1.5 0.031 ---------------------------------------------------------------------------- Including 50 57 7 1.45 6.5 0.159 ---------------------------------------------------------------------------- Including 71 91 20 0.44 2.0 0.044 ---------------------------------------------------------------------------- Including 221 241 20 0.62 2.3 0.045 ---------------------------------------------------------------------------- Including 233 237 4 1.76 6.8 0.115 ---------------------------------------------------------------------------- Including 232 241 9 1.02 4.0 0.080 ---------------------------------------------------------------------------- Including 269 331.5 62.5 0.60 2.7 0.064 ---------------------------------------------------------------------------- Including 269 310 41 0.80 3.5 0.070 ---------------------------------------------------------------------------- Including 269 293 24 1.01 4.0 0.090 ---------------------------------------------------------------------------- Including 278 282 4 2.87 9.5 0.242 ---------------------------------------------------------------------------- Including 278 279 1 6.71 18.3 0.601 ---------------------------------------------------------------------------- Including 269 300 31 0.90 3.7 0.078 ---------------------------------------------------------------------------- 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.
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