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 discussion Register to chat with like-minded investors on our interactive forums.

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 Mining Corp.: Marshall Lake Property Drilling Intersects 100 m of 0.24% Copper, 0.9 Grams/Tonne Silver, Including...

09/11/2011 5:23pm

Marketwired Canada


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.


1 Year Chart

1 Year  Chart

1 Month Chart

1 Month  Chart