White Tiger Mining Corp.
TSX VENTURE : WTC
FRANKFURT : W0I

White Tiger Mining Corp.

November 09, 2011 13:23 ET

White Tiger Mining Corp.: Marshall Lake Property Drilling Intersects 100 m of 0.24% Copper, 0.9 Grams/Tonne Silver, Including 20 m of 0.59% Copper and 2.6 Grams/Tonne Silver

WEST VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2011) - White Tiger Mining Corp. (TSX VENTURE:WTC)(FRANKFURT:W0I) (the "Company" or "White Tiger") is pleased to report the assay results from drill hole RMZ 11-25 located 25 metres to the west of drill holes RMZ 11-21 and RMZ 11-23 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.

Drill hole RMZ 11-25 intersected the near surface expression of the "Lease Zone" from 5 metres to 105 metres. The drill hole was continued to depth and successfully intersected the "RM Zone" to the north at a depth of 249 metres to 276 metres. The assay results for drill hole RMZ 11-25 are as follows:

Hole
Number
From (metres) To (metres) Width (metres) Cu (%) Ag (g/tonne) Au (g/tonne)
RMZ11-25 5 105 100 0.24 0.9 0.012
including 9 23 14 0.39 1.4 0.020
and 55 75 20 0.59 2.6 0.035
including 59 68 9 1.14 5.1 0.058
RMZ11-25 249 276 27 0.32 1.2 0.013
including 258 259 1 1.01 3.1 0.028
and 272 274 2 1.98 8.3 0.112
The true width of the mineralized zones is estimated to be 66% of the mineralized Intersection.

The recently completed core drilling program was designed to further expand the RM Zone with an emphasis on a suspected fold hinge where the mineralization had potential to become thicker and richer. The Company believes that the drilling results to date have established that the RM Zone and Lease Zone, although converging, are a related sequence of mineralized zones. The geological model continues to evolve. The RM Zone remains open to the west, east and north with a projected strike length of the host lithology of over 900 metres with average widths of 25 to 100 metres of copper, silver and gold drill intercepts.

The copper, gold and silver mineralization is hosted in a series of volcanic units of intermediate to felsic composition. The principal host lithology is a coarse air-fall tuff breccia with clasts ranging up to several decimeters in size. Chalcopyrite is dispersed as disseminations, clots and stringers within the breccia matrix. This texture is easily recognized in outcrops recently exposed near the collars of the RM Zone drilling. The mineralization, in its occurrence and style, is similar to portions of known significant dacitic-rhyolitic VMS (volcanogenic massive sulphide) deposits thought to be transitional into porphyry copper deposits. One of the better known examples of a transitional deposit of this nature is the "Murgul" deposit located in Turkey.

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.

Assays for recently completed core drill holes RMZ 11-20, -22, -26, -27, -28, -29 and -30 are pending and will be released when received and reviewed by the Company.

Previously announced drill hole RMZ 11-23 was collared 25 metres to the south of and beneath drill hole RMZ 11-21, and was designed to test the down dip extension of mineralization in drill hole RMZ 11-21 and the following results were previously announced in the Company's news releases dated April 20, 2011 and May 3, 2011:

Drill hole RMZ 11-21 (located 25 metres to the east of RMZ 11-25)
Hole
Number
From (metres) To (metres) Width (metres) Cu (%) Ag (g/tonne) Au (g/tonne)
RMZ11-21 12 95 83 0.30 1.3 0.037
Including 12 30 18 0.59 2.8 0.091
And 12 72 60 0.37 1.7 0.045
Including 19 25 6 1.08 5.4 0.183
Including 68 72 4 1.30 5.7 0.081
Including 132 190 58 1.00 4.4 0.084
Including 149 182 33 1.53 6.8 0.127
And 155 160 5 3.73 16.4 0.308
Including 158 160 2 6.25 28.6 0.540
Including 159 160 1 8.85 38.6 0.826
The true width of the mineralized zones is estimated to be 66% of the mineralized intersection.
Drill hole RMZ 11-23 (located 25 metres to the east of RMZ 11-25)
Hole
Number
From (metres) To (metres) Width (metres) Cu (%) Ag (g/tonne) Au (g/tonne)
RMZ11-23 40 150 110 0.30 1.5 0.031
Including 50 57 7 1.45 6.5 0.159
Including 71 91 20 0.44 2.0 0.044
Including 221 241 20 0.62 2.3 0.045
Including 233 237 4 1.76 6.8 0.115
Including 232 241 9 1.02 4.0 0.080
Including 269 331.5 62.5 0.60 2.7 0.064
Including 269 310 41 0.80 3.5 0.070
Including 269 293 24 1.01 4.0 0.090
Including 278 282 4 2.87 9.5 0.242
Including 278 279 1 6.71 18.3 0.601
Including 269 300 31 0.90 3.7 0.078
The true width of the mineralized zones is estimated to be 66% of mineralized intersection.

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.

Contact Information

  • 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