White Tiger Mining Corp. Provides Property Update and Announces Continuation of Drilling at Its Cu-Ag-Au Marshall Lake Proper...
September 14 2011 - 8:25AM
Marketwired
White Tiger Mining Corp. (the "Company" or "White Tiger") (TSX
VENTURE: WTC)(FRANKFURT: W0I) is pleased to report that core
drilling has resumed this week on the Marshall Lake property
project. The Company's Marshall Lake copper, silver and gold
exploration project is located 30 km west of Nakina, Ontario.
Drilling of the "RM Zone" copper discovery was temporarily
postponed by the Company in May 2011 after drill holes RMZ 11-21
and RMZ 11-23 intersected significant widths of copper
mineralization from near surface (see the Company's News Releases
dated April 5, April 11 and April 20, 2011). Drill hole RMZ 11-21
confirmed the presence of copper mineralization coincident with a
significant north-trending IP (induced polarization) anomaly (now
known as the "Lease Zone") located southwest of the RM Zone. Drill
hole RMZ 11-23 was designed as a step-out hole to test the down-dip
extension of the drill hole RMZ 11-21 intercept. Previously
announced assay results confirmed similar significant copper
mineralization and both Zones remain open to depth and along strike
(see the Company's News Release dated May 3, 2011). The temporary
drilling postponement gave the Company the opportunity to analyze
the results and data from the drilling program earlier this year
and to further delineate and correlate significant chargeability
anomalies on the adjacent RM and Lease Zones and to expand its IP
coverage using east-west and infill lines.
To ensure positional accuracy of the IP geophysical survey, the
Company re-surveyed all cut lines and stations with a Trimble
Pathfinder ProXRT-2 realtime differential GPS to a positional
accuracy averaging less than 35cm. Re-plotting of the IP results
(based on adjusted grid lines) has been interpreted to substantiate
the presence of a potential fold hinge linking the RM and Lease
Zones. In addition, the Company believes that the multi-line
continuous chargeability anomalies support the presence of
additional near surface mineralization to the north of the RM Zone.
The Company currently estimates that the mineralized zones have an
aggregate strike length of approximately 900 metres.
Coincidentally, as reported in the Company's News Release dated
May 30, 2011, "mise-a-la-masse" downhole geophysical surveys
completed from hole RMZ 11-21 and RMZ 10-15 and detailed IP surveys
further support the possible convergence of the RM and Lease Zones
and have been interpreted by the Company to indicate the presence
of a fold hinge in the vicinity of the Lease Zone, which area is
the focus of the current drill program presently underway.
Other technical work completed during the recent drilling
postponement included 3D modeling of the RM Zone. These results
show that the higher grade copper mineralization within the RM Zone
is elongate steeply down-plunge to the southeast and remains open
to depth. Based on the width and near-surface nature of the
mineralization discovered to date, the Company believes that the
project will be amenable to low cost open pit mining methods.
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 Mr. Rick
Walker, P. Geo., who is acting as the Company's Qualified Person
for the current stage of the Company's Marshall Lake property
project, in accordance with regulations under NI 43-101. The
technical information referred to herein from earlier news releases
was reviewed and approved by Robert Middleton, P.Eng., who was
acting as the Company's Qualified Person, in accordance with
regulations under NI 43-101, for the Marshall Lake property project
at the times that such earlier news releases were issued.
White Tiger Mining Corp.
Ronald 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.
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 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
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