White Tiger Mining Corp.: RMZ11-23 Drill Hole Confirms the Two Significant Chalcopyrite Zones Intersected in RMZ11-21
11 April 2011 - 3:55PM
Marketwired
White Tiger Mining Corp. (TSX VENTURE: WTC)(FRANKFURT: W0I) -
On Thursday, April 7, 2011 (at approximately 12:15 pm), the
Company requested a halt in the trading of its shares to facilitate
the orderly dissemination of further news regarding the Company's
Marshall Lake Project, Ontario. The Company resumed trading on
Monday, April 11, 2011 at the opening of the market with the
announcement of the following:
Further to the Company's news release dated April 5, 2011, White
Tiger Mining Corp. (the "Company" or "White Tiger") is very pleased
to report the results for its second drill hole (RMZ11-23), as part
of the Company's phase two exploration drilling program currently
underway on its Marshall Lake "RM Zone" discovery. The Marshall
Lake Property is a 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 results from drill hole (RMZ11-23) have confirmed the same
two significant zones that were intersected by the Company in drill
hole RMZ11-21. Drill hole RMZ11-23 is located 25 metres to the
south of the first drill hole (RMZ11-21) at the same azimuth and
dip angle. The second drill hole was designed to confirm the zones
down dip and to assist in establishing the true width of the zones
intersected in the first drill hole. A third drill hole (RMZ11-24)
is now underway and is located 75 metres to the north of drill hole
RMZ11-21.
The first zone of drill hole RMZ11-23 intersected minor
mineralization from surface to 30 metres. However, from 30 metres
to 213.3 metres, the drill hole intersected mineralization similar
to the fragmental stringer zone encountered in drill hole RMZ11-21.
From 213.3 metres to 216.1 metres, drill hole RMZ11-23 intersected
a mafic dike. From 216.1 metres to 224.6 metres, drilling
intersected a chalcopyrite mineralized rhyolite and from 224.6
metres to 232.9 metres, drilling intersected a chalcopyrite
mineralized mafic dike. A second lower zone for RMZ11-23 (similar
to that of RMZ 11-21) was confirmed from 232.9 metres to 303 metres
(for a longer total length of 67 metres), which is interpreted by
the Company to be an extension of the RM Zone, as previously
announced for drill holes RMZ10-10, RMZ10-11 and RMZ10-15 (see the
Company's news release dated November 3, 2010).
Drill hole RMZ11-23 is now the longest and most continuous
mineralized drill intersection that the Company has completed on
the Marshall Lake Property to date.
Prior to drilling hole RMZ11-23, the Company collared a
tentative drill hole (RMZ11-22) located approximately 50 metres to
the west (along strike) of RMZ11-21. However, in light of the
drilling results encountered from drill hole RMZ11-21, the Company
decided to delay drilling RMZ11-22 to a later date and proceeded
with drill hole RMZ11-23 in an effort to determine the true width
of the zones intersected in drill hole RM11-21.
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 drill
results to date, assays for core drill holes RMZ11-21 and RMZ11-23
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 is being 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 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.
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 604-682-5123 www.whitetigermining.com
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