Due Diligence Report Sample – due diligence report sample
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Thunder Bay, Ontario–(Newsfile Corp. – November 2, 2018) – White Metal Resources Corp. (TSXV: WHM) (“White Metal” or the “Company”) is admiring to address the following:
Little Joanna Gold Property
White Metal is admiring to address on its initial due activity grab sampling from the afresh optioned Little Joanna Gold Acreage (the “Property”), amid in Central Newfoundland. A absolute of seven grab samples, all with aberrant gold ( 40 ppb Au), were calm from quartz attitude address sedimentary rocks, and ambit from 40 ppb Au to 229.3 g/t Au (6.70 oz/t Au), averaging 48.5 g/t Au (1.41 oz/t Au). The accomplished brand sample (229.3 g/t Au) independent arresting gold and was calm from subcrop abreast the capital showing, admitting the abutting two accomplished brand samples (38.7 g/t and 70.7 g/t Au) were calm from bulge of quartz attitude address sedimentary rocks.
The Little Joanna acreage is about 25 km northeast of the boondocks of Glenwood, is attainable by ability anchorage that arise from either Glenwood or Birchy Bay, and comprises 280 affirmation units, accoutrement 7,000 hectares (see Account Absolution anachronous October 23, 2018). The Acreage is about 45 km northeast of the Moosehead Gold Activity of Sokoman Iron Corp. (TSXV:SIC). Sokoman Iron Corp. afresh appear their gold-bearing analysis assignment aperture (Sokoman Iron Corp. Account Release, anachronous July 24, 2018), advertisement 44.96 g/t Au over 11.90 metres (from 109.00 to 120.90 metres).
The Little Joanna gold acreage is a new high-grade gold analysis in an breadth with little accepted exploration. The capital Little Joanna assuming is a 25 to 31 cm advanced bunched quartz attitude aural a awful altered, carbonated sedimentary mélange of shale, amassed and siltstone. Hand trenching by the vendors apparent the attitude for a brace of metres. Fine, arresting gold is empiric throughout the attitude and called grabs samples by the Vendor assayed up to 734 grams per tonne (g/t) gold (Au) (23 oz/ton Au); boilerplate sampling of the quartz attitude is about 189 g/t Au (5.9 oz/t Au.). As abundant of the Acreage is covered by overburden, the Aggregation believes that cogent abeyant exists for the analysis of added gold-bearing quartz veins. Past assignment on the Acreage by Noranda Analysis (1988-1989) appear up to 44g/t Au in bedrock samples and categorical 1.15 g/t Au and 5.2 g/t Au basil till sample anomalies.
The Acreage is abundantly underlain by Early to Late Silurian siliciclastic sediments and bottom subaerial mafic and felsic agitable rocks including the Silurian Botwood Group (Wigwam and Lawrenceton formations), agnate to the cartography and northeast-trending structures begin on Sokoman Iron’s Moosehead gold activity to the southwest.
Commencement of Shebandowan Gold Analysis Programme
The Aggregation is additionally admiring to advertise that design conduct has amorphous at its 100% owed Shebandowan Gold Property, amid in northwestern Ontario, Canada (see Account Absolution anachronous October 19, 2018). The conduct affairs is planned to abide of 3 holes totalling about 500 metres, and will aftereffect on an breadth breadth above owner, Benton Resources Inc. (TSXV:BEX), intersected a gold breadth assaying 19.5 g/t Au over 0.80 metres at a abyss of 262 metres (drill aperture SH-11-003). The accepted conduct affairs will be focused on conduct up-dip of aperture SH-11-003 in adjustment to analysis for the near-surface announcement of the gold zone.
Technical advice in this account absolution has been advised and accustomed by Dr. Scott Jobin-Bevans (P.Geo.), Vice President Analysis and a Director of White Metal, who is a Qualified Person beneath the definitions accustomed by the National Instrument 43-101.
About White Metal Resources Corp (TSXV: WHM):
White Metal Resources Corp is a inferior analysis aggregation exploring for gold in Canada.
For added advice in commendations to White Metal Resources Corp. you can appointment the company’s Web Page at www.whitemetalres.com.
On account of the Board of Directors of White Metal Resources Corp.
“Jean-Pierre Colin”Jean-Pierre Colin, President, CEO and Director
For added advice contact:
Jean-Pierre ColinPresident, CEO & Director(416) firstname.lastname@example.org
Michael StaresDirector684 Squier StreetThunder Bay, Ontario, Canada, P7B 4A8Phone: (807) 628-7836
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that appellation is authentic in the behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this release.