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

White Tiger Mining Corp.

November 24, 2011 09:56 ET

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 Property, Ontario

WEST VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 24, 2011) - 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
Number
From
(metres)
To
(metres)
Width
(metres)
Cu (%) Ag
(g/tonne)
Au
(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 (<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.

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