White Tiger Mining Drills 7 Metres of 2.5% Copper, 8.9 Grams/Tonne Silver and 0.067 Grams/Tonne Gold at its Marshall Lake Pro...
November 24 2011 - 8:56AM
Marketwired
Further to the Company's news releases of November 9, and November
21, 2011, 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 11-20, 22, 26,
27 & 28). All of these drill holes were designed as step out
holes to the northwest (for RMZ 11-22, 26, 27 & 28) and to the
southeast (for RMZ 11-20) on trend to test the continuity of the
mineralization in the "RM Zone South" (formerly referred to as the
"Lease Zone").
To date, all of the Company's drill holes within the RM Zone
South have intersected copper, silver and gold over significant
intercepts with the one exception of drill hole RMZ 11-20 which
intersected no significant mineralization.
Drill hole RMZ 11-28 (which is the furthest hole to date along
the geological trend to the northwest) intercepted near surface a
significant 7 metres of 2.5% copper, 8.9 grams/tonne silver and
0.067 grams/tonne gold. The RM Zone South remains open to the
northwest and, based on the assay results for drill hole RMZ 11-28,
the Company believes that the grades are significantly improving in
that direction.
The assay results for drill hole RMZ 11-22, 11-26, 11-27 and
11-28 are as follows:
------------------------------------------------------------------------
Hole From To Width Cu Ag Au
Number (metres) (metres) (metres) (%) (g/tonne) (g/tonne)
------------------------------------------------------------------------
------------------------------------------------------------------------
RMZ 11-22 6 17 11 0.70 1.8 0.014
------------------------------------------------------------------------
RMZ 11-26 58 71 13 0.20 0.9 0.005
------------------------------------------------------------------------
and 80 96 16 0.43 0.7 0.008
------------------------------------------------------------------------
RMZ 11-27 109 113 4 0.57 1.6 0.024
------------------------------------------------------------------------
RMZ 11-28 28 65 37 0.69 2.4 0.016
------------------------------------------------------------------------
including 28 35 7 2.50 8.9 0.067
------------------------------------------------------------------------
including 28 30 2 3.38 11.8 0.148
------------------------------------------------------------------------
and 32 34 2 4.00 14.7 0.064
------------------------------------------------------------------------
and 76 89 13 0.32 1.0 0.005
------------------------------------------------------------------------
The true width of the mineralized zones is estimated to be 66%
of the mineralized intersections.
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 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.
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.
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 White Tiger Mining Corp. Robert A.
Young Investor Relations 604-682-5123www.whitetigermining.com
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