White Tiger Mining Corp.: RMZ11-21 Drill Hole Intersects Two Significant Chalcopyrite Zones Within the RM Zone, Marshall Lake Pr
05 April 2011 - 3:28PM
Marketwired
White Tiger Mining Corp. (the "Company" or "White Tiger") (TSX
VENTURE: WTC)(FRANKFURT: W0I) is very pleased to report on the
current progress of its phase two exploration drilling program
currently underway on its Marshall Lake "RM Zone" discovery. The
Marshall Lake Property is an advanced stage copper, silver and gold
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 Company's first drill hole (RMZ11-21) of the Marshall Lake
Property phase two drill program has intersected two significant
zones. The first zone consists of 101 metres of chalcopyrite
stringer followed by a second zone of 57 metres, which is
interpreted by the Company to be an extension of the RM Zone (from
previous drill holes RMZ10-10, 11 and 15). The RMZ11-21 core drill
hole is the longest and most continuous mineralized drill
intersection that the Company has completed on the Marshall Lake
Property to date.
Drill hole RMZ11-21 is located 100 metres east of the "Lease
Zone" showing where historical assays from 1961 were reported as
1.58% copper over 15 metres in core length and 2.0% chalcopyrite
over 31.5 metres (note: such historical results do not meet NI
43-101 standards and therefore should not be relied upon, however,
the Company's Qualified Person believes the historical assays are
relevant and were completed by competent persons to the standards
of the period in which the assays were completed.)
Drill hole RMZ11-21 intersected mineralization just 3 metres
from surface to a depth of 106 metres for a total mineralized core
length of 103 metres. The second zone within the drill hole (from
132 metres to 190 metres) intersected chalcopyrite mineralization
and from 147 metres to 190 metres the Company believes that the
chalcopyrite mineralization improves significantly. The drill hole
entered into a porphyry-crystal tuff at 190 metres and the drill
hole was terminated at a depth of 202 metres.
The RM discovery drill hole (GAZN08-06), now referred to as the
RM Zone, is located 300 metres northeast of core drill hole
RMZ11-21, indicating a 425 metre strike length of mineralization to
date. Recent IP (induced polarization) surveys suggest to the
Company that there could be an additional 200 metres extension to
the north east of the RM Zone, which could bring the total
potential mineralization to 625 metres.
Although the Company is optimistic about its preliminary phase
two drill results, assays for core drill hole RMZ11-21 are pending
and will be announced when received and reviewed by the Company.
The drill core is being split at the Marshall Lake Property camp
and will be sent for assay preparation at an ALS Chemex facility in
Thunder Bay, Ontario.
This news release has been reviewed and approved by Robert
Middleton, P.Eng., 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 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.
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 Investor
relations 604-922-2030 www.whitetigermining.com
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