White Tiger Mining Corp.: Marshall Lake Copper-Silver-Gold Project-IP Surveys Traces RM Zone 600 m
March 23 2011 - 11:15AM
Marketwired
White Tiger Mining Corp. (the "Company" or "White Tiger") (TSX
VENTURE: WTC)(FRANKFURT: W0I). In connection with the Company's
Marshall Lake project (located 30 km west of Nakina, Ontario),
White Tiger is pleased to report that further detailed IP (induced
polarization) surveys have been completed at 50 m line spacing (to
infill the Company's previously completed 100 m line IP surveys).
The recent IP surveys were designed to assist the Company in
following the strike extension of the near surface
copper-silver-gold discovery (referred to as the "RM Zone"), which
was core drilled in November 2010. The recent infill IP surveys
also indicate the existence of another geophysical anomaly as a
possible northeast extension to the RM Zone that was not observable
from the previous 100 m IP survey. The Company believes that the
geophysics indicates a link between the RM Zone and the historical
showing known as the "Lease Zone" (see the Company's news releases
dated November 3, November 17 and December 1, 2010).
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. Further updates will be released as
drilling proceeds and results are received and analyzed.
White Tiger has the option to earn a 50% interest in the
Marshall Lake project from Rainy Mountain Royalty Corporation
("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 RMO. 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.
The Company's geophysical and drill programs for the Marshall
Lake project have been supervised by R. Middleton P.Eng. Further,
this news release has been reviewed and approved by Robert
Middleton, P.Eng., who is acting as the Company's Qualified Person
for this project in accordance with regulations under NI
43-101.
White Tiger Mining Corp.
Ronald A. 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 Investor
Relations 604-922-2030 www.whitetigermining.com
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