White Tiger Mining Corp.

White Tiger Mining Corp.

May 03, 2011 09:12 ET

White Tiger Mining Corp.: Drill Hole RMZ11-23 Intersects 62.5 m of 0.60% Copper, 2.7 grams/tonne Silver, Including 24m of 1.01% Copper and 4.0 grams/tonne Silver

WEST VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 3, 2011) - Further to the Company's news releases of April 5th, 11th and 20th, 2011, White Tiger Mining Corp. (the "Company" or "White Tiger") (TSX VENTURE:WTC)(FRANKFURT:W0I) is pleased to report the assay results from drill holes RMZ11-23 and RMZ11-24 for its Marshall Lake project. 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.

"As the RM Zone on the Marshall Lake Property continues to be expanded with significant intercepts of mineralization, it appears that the deposit is near enough to surface to be amenable to low cost open pit mining methods. We are excited with having the entire Marshall Lake geological setting under option and the drilling success that we have had to date certainly warrants more drilling near term. Prior to re-commencing drilling, further IP (induced polarization) work, including downhole geophysics and structural mapping, will be completed. Once all of this data has been compiled and reviewed, the Company is planning to commence an additional $1.0 million drill program, which is anticipated to begin in June. This additional drilling will focus on the continued expansion of the RM Zone with an emphasis on the suspected fold hinge where the mineralization has potential to become thicker and richer. It is our goal to complete enough drilling in 2011 to be in a position to commence preparation of an NI 43-101 resource report on the Marshall Lake Property," says Ron Coombes, President and CEO of White Tiger Mining Corp.

The assay results for drill hole RMZ11-23 are as follows:

The true width of the mineralized zones is estimated to be 66% of the mineralized intersection.

Drill hole RMZ11-23 was collared 25 metres to the south of and behind drill hole RMZ11-21, and was designed to test the down dip extension of mineralization in drill hole RMZ11-21. The widths of copper mineralization intersected in drill hole RMZ11-23 are substantially larger than expected, or that the geophysical IP anomalies indicated, and as a result, we are now reviewing all previous drill hole data in order to better understand the structural controls and determine whether these previous holes should be extended further to assess if the mineralization extends beyond where previously indicated. Drill hole RMZ11-21 was drilled over a distance of 190 metres to a mineralized vertical depth from surface of 134 metres and drill hole RMZ11-23 was drilled over a distance of 331 metres to a mineralized vertical depth of 218 metres. The diagonal nature of these drill holes is important to note as it means that the mineralization being encountered is much nearer to surface than the drilling distances indicate.

Drill hole RMZ11-24 was collared 75 metres to the north of and in front of RMZ11-21 and was designed to, and it appears to have intersected, the up-dip projection to the surface of the RM Zone mineralized sections intersected in drill holes RMZ11-21 and RMZ11-23. Down-hole geophysics is planned to further confirm. This will also assist the Company to determine the best drill collar locations for further drilling of the section.

The assay results for the drill hole RMZ11-24 are as follows:

The true width of the mineralized zones is estimated to be 66% of the mineralized intersection.

The drilling and IP geophysics suggest that both the northern RM Zone and the southern Lease Zone (which the Company describes as "limbs") are converging at the Lease Zone surface showing within the suspected fold hinge (100 metres west of hole RMZ11-21).

Since 2006, White Tiger and its joint venture partners have spent in excess of $5.0 million on the Marshall Lake project and, during the last 12 months, White Tiger has completed its first $1.0 million of spending on its option to earn a 50% interest in the project. The new assay results obtained from drill holes RMZ11-23 and RMZ11-24 are in addition to other past significant results from the RM Zone in particular, and the Marshall Lake Property, in general.

Drill core was split at the Marshall Lake property and sample preparation was done by ALS Chemex in Thunder Bay, Ontario. Pulp samples (<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 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 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.

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