ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

WTC

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:WTC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

White Tiger Drills 38 Metres of 0.45% Copper, 2.2 Grams/Tonne Silver and 0.064 Grams/Tonne Gold at Marshall Lake Property, On...

03/12/2012 3:34pm

Marketwired Canada


White Tiger Mining Corp. (the "Company" or "White Tiger") (TSX
VENTURE:WTC)(FRANKFURT:W0I) is pleased to report the assay results from five
additional core drill holes (RMZ 12-30, -31, -32, -33 and -37). All of these
drill holes were designed to test the continuity of the copper, silver and gold
mineralization in the "RM Zone" and "RM South Zone" of Marshall Lake property.


The Marshall Lake property is an advanced stage copper (Cu), silver (Ag) and
gold (Au) exploration project located 30 km west of Nakina, Ontario (access is
via good all weather gravel road from Hwy 11 and 22 km north of the main CNR
rail Line).


The most recently received assay results are presented in the following table:



--------------------------------------------------------------------------
                    From        To     Width        Cu        Ag        Au
Hole Number      (metres)  (metres)  (metres)       (%) (g/tonne) (g/tonne)
--------------------------------------------------------------------------
                                                                          
--------------------------------------------------------------------------
RMZ 12-31             49        69        20      0.34       0.9     0.005
--------------------------------------------------------------------------
  including           49        52         3      0.54       1.6     0.014
--------------------------------------------------------------------------
  including           60        63         3      0.99       2.4     0.018
--------------------------------------------------------------------------
  and                241       265        24      0.45       1.2     0.013
--------------------------------------------------------------------------
  including          244       250         6      0.86       2.9     0.030
--------------------------------------------------------------------------
  including          244       245         1      2.17       8.2     0.103
--------------------------------------------------------------------------
  including          264       265         1      2.08       3.0     0.071
--------------------------------------------------------------------------
                                                                          
--------------------------------------------------------------------------
RMZ 12-32             68       106        38      0.45       2.2     0.064
--------------------------------------------------------------------------
  including           71        77         6      0.97       3.8     0.155
--------------------------------------------------------------------------
  including          103       106         3      1.20       5.5     0.113
--------------------------------------------------------------------------
                                                                          
--------------------------------------------------------------------------
RMZ 12-33            147       169        22      0.54       2.3     0.024
--------------------------------------------------------------------------
  including          149       154         5      1.36       5.3     0.074
--------------------------------------------------------------------------
                                                                          
--------------------------------------------------------------------------
RMZ 12-30(i)         112       179        67      0.24       1.5     0.039
--------------------------------------------------------------------------
  including          115       119         4      0.50       3.9     0.166
--------------------------------------------------------------------------
  including          145       149         4      0.44       2.3     0.019
--------------------------------------------------------------------------
  including          176       179         3      0.59       3.1     0.023
--------------------------------------------------------------------------
                                                                          
--------------------------------------------------------------------------
RMZ 12-37            142       164        22      0.19       0.9     0.028
--------------------------------------------------------------------------
(i) RMZ 12-30 is an extension of drill hole RMZ 11-30, and accordingly, 
    2011 and 2012 results have been combined and are presented above.   



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. 


Drill hole RMZ 12-31 (the westernmost drill hole along the RM South Zone
geological trend) was collared 25 metres to the west of RMZ 11-28. Drill hole
RMZ 12-31 intercepted a near surface zone from 49 to 67 metres, correlative with
the mineralized intercept reported earlier from drill hole RMZ 11-28 (see White
Tiger's November 24, 2011 news release). Drill hole RMZ 12-31 was then extended
to 270 metres and intersected a new zone of copper mineralization between 241
and 265 metres (approximately 175 metres vertically below copper mineralization
reported from trenching and historic drill hole D13). The RM South Zone trend
remains open to the northwest and southeast. 


Drill hole RMZ 12-32 was drilled in the RM South Zone below drill holes RMZ
11-21 and -23 and intersected 38 metres of copper mineralization between 68 and
106 metres (effectively extending copper mineralization encountered in the upper
100 metres of drill holes RMZ 11-21 and -23, some 20 metres down-plunge).


Drill hole RMZ 12-33 was drilled transverse to drill holes RMZ 11-21, -23 and
-24 (toward 105 degrees azimuth). This drill hole was designed to test the
western strike extent of significant copper mineralization previously
encountered deep in those earlier drill holes. Drill hole RMZ 12-33 intersected
22 metres of copper mineralization between 147 and 169 metres (successfully
extending the strike length of the deeper copper intercept of the RM South Zone,
some 15 metres westward). The eastern strike extent of this deeper intercept
remains untested.


Drill hole RMZ 12-30 is an extension (deepening) of drill hole RMZ 11-30.
Collared in the RM Zone, this drill hole passed beyond and constrains the
western strike extent of the RM Zone after penetrating a total of 67 metres of
copper mineralization. Significant results within the entire drill hole are
presented in the table above. 


Drill hole RMZ 12-37 is a step out hole on the RM Zone (25 metres to the
northeast) and intercepted 22 metres of copper mineralization between 142 and
164 metres. The copper mineralization is hosted by intermediate to felsic
volcanics in the RM and RM South Zones. Noteworthy is that this drill hole
intersected stringer copper mineralization within a porphyritic intrusion, as
host. 


As part of the recently completed drill program, the Company drilled three
additional drill holes (RMZ 12-34, -35 and -36) and the core from these drill
holes is presently being assayed and will be reported once such assay results
have been received and analyzed.


Compilation of data is now complete and the Company intends to resume further
drilling on the Marshall Lake property.


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 Gordon Gibson 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 A. Coombes, President

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.



FOR FURTHER INFORMATION PLEASE CONTACT: 
White Tiger Mining Corp.
Mr. Clive Shallow
Shareholder Communications
604-922-2030
604-922-2037 (FAX)


White Tiger Mining Corp.
Robert A. Young
Investor Relations
604-682-5123
info@whitetigermining.com
www.whitetigermining.com

1 Year Chart

1 Year  Chart

1 Month Chart

1 Month  Chart