Thunder Bay, Ontario--(Newsfile Corp. - October 21, 2021) - White Metal Resources Corp. (TSXV: WHM) (FSE: CGK1) (OTC Pink: TNMLF) ("White Metal" or the "Company") is pleased to announce the results of the remaining seven (7) diamond drill holes from the Phase 2 drilling program at its flagship Tower Stock Gold Project (the "Project" or "Property"). The drilling program was very successful in delineating several new gold zones that the Company will be following-up on in the coming weeks with a Phase 3 drilling program. The Company is also in the process of completing a trenching and sampling program on the H Zone, the K Zone, Papa Zone, and the A Zone. Sampling and mapping of these zones will be completed shortly with all samples being submitted to Activation Labs in Thunder Bay. The Phase 2 drilling program totalled 3,760 m in 18 drill holes (TM-21-98 to 116) with 11 drill holes reported to date.

Highlights

TM-21-109 returned 24.0 m grading 1.0 g/t Au (from 116.5 m), successfully extending the A Zone 100 m to the northwest of TM-21-108.

TM-21-110 intersected a new gold zone (the "110 Zone") that returned 52.0 m grading 0.75 g/t Au (from surface), including 7.5 m grading 1.02 g/t Au (from 47.0 m), and remains open at depth.

TM-21-112 returned two zones of gold mineralization: 25.5 m grading 0.68 g/t Au (from 56.0 m) and 24.0 m grading 0.62 g/t Au (from 120.5 m).

TM-21-113 returned 57.0 m grading 0.54 g/t Au (from 164.0 m) with two higher-grade intervals of 6.0 m grading 1.31 g/t Au (from 164.0 m), including 16.5 m grading 1.01 g/t Au (from 204.5 m).

TM-21-112 and 113 confirmed gold mineralization at the Ellen Zone which remains open at depth.

TM-21-116, which intersected a new gold zone, was drilled 100 m south of the 04/36 Zone. This hole returned two mineralized intervals: 5.2 m grading 0.93 g/t Au (from 16.3 m) and 76.5 m grading 0.3 g/t Au (from 93.5 m), including 9.0 m grading 0.65 g/t Au (from 137.0 m).

Michael Stares, President and CEO of White Metal, commented, "The Company has been working on the Tower Stock Gold Project for just over one year and has clearly demonstrated the extensive gold system that is present on the Property. We have completed over 7,000 m of drilling, made several new discoveries, and have expanded known zones of gold mineralization. Prospecting and mapping have also proven quite successful with the discovery of the Star Zone, the C & M Zone and the Papa Zone. I am excited to start the Phase 3 drilling program as we are now beginning to understand the structure and controls on gold mineralization. We still have a lot of work to do but we are moving in the right direction in advancing the Project."

PHASE 2 DIAMOND DRILLING

The Phase 2 diamond drilling program was completed in mid-September. A summary of the latest results is provided in Table 1. A summary of previously announced results is provided in Table 2.

Table 1. Summary of the latest drill core assay results, Phase 2 diamond drilling.

Hole Id From (m) To (m) *Interval (m) Au (g/t) Zone
TM-21-109 116.50 140.50 24.00 1.02 A
TM-21-111 89.00 96.50 7.50 0.73 Central
and 194.00 209.00 15.00 0.32 IP#3
TM-21-112 56.00 81.50 25.50 0.68 Ellen
and 120.50 144.50 24.00 0.62
TM-21-113 164.00 239.00 75.00 0.53
incl 164.00 170.00 6.00 1.31
incl 204.50 221.00 16.50 1.01
incl 228.50 239.00 10.50 0.77
TM-21-114 281.00 317.00 36.00 0.21
incl 281.00 287.00 6.00 0.38
TM-21-115 57.50 62.00 4.50 1.40
TM-21-116 93.50 170.00 76.50 0.29 04-36
incl 125.00 170.00 45.00 0.37 IP#5
incl 137.00 146.00 9.00 0.65


*drill hole intervals are not true widths and are being reported as drill core lengths.

Table 2. Summary of previously released drill core assay results, Phase 2 diamond drilling.
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