Noronex, associate of White Metallic, offers an replace on the exploration program of the DorWit copper-silver venture in Namibia

THUNDER BAY, Ontario, July 20, 2021 (GLOBE NEWSWIRE) – White Metallic Assets Corp. (TSXV: WHM) (FRA: CGK1) (OTCMKTS: TNMLF) (“White Metallic” or the “Firm”) is happy to supply an replace from its Australian three way partnership associate Noronex Restricted (ASX: NRX) (“Noronex”) on their present exploration program on the DorWit Copper Challenge. Silver (the “” Property “or” Challenge “) in Namibia (see the Noronex ASX press launch of July 8, 2021). The Namibian venture includes three unique prospecting licenses (EPL) which cowl 78,000 hectares, referred to as the Witvlei (EPL 7028 and EPL 7029) and Dordabis (EPL 7030) properties. The venture holds promise for Cu-Ag mineralization hosted in sediments within the prolific Kalahari copper belt that covers Namibia and Botswana.

Michael Stares, President and CEO of White Metallic, stated: ‚ÄúThat is nice information for our shareholders and I’m very pleased to have Noronex as a associate. They proceed to show that they’re very dedicated to shifting the DorWit copper-silver venture ahead and have set distinctive copper targets for drilling. I look ahead to receiving the outcomes of the subsequent drilling program.

Sturdy factors

  • Subject visits by the Noronex staff have been carried out in Might and June to finalize the drilling planning. The visits confirmed the copper mineralization in subculture on the soil geochemical targets.
  • 5 high-priority prospects recognized for drill testing for a large-scale sediment-hosted copper deposit, together with:
    • copper subculture in Dalheim with a longitudinal extent of two kilometers.
    • gossan float at Gemboksvlei on a kilometer lengthy copper soil anomaly.
    • outcropping with copper at Otjiwaru over an space 800 m large.
    • a 2.5 km by 1.2 km copper anomaly in soil in an altered structural zone south of Okasewa.
    • unexplained copper soil anomalies on the Christiadore prospect.
  • Entry agreements have been signed with landowners for the beginning of drilling, and a contract with an acceptable drilling contractor is being finalized.
  • A program of greater than fifty surveys is deliberate to check these targets.
  • A trial IP survey can also be deliberate for Gemboksvlei and Okasewa to outline their IP signature.
  • Conferences have been held within the nation with the Ministry of Mines, appointed consultants and a department and established financial institution accounts.

For extra info on the DorWit copper-silver venture, please click on on the next hyperlink: https://www.whitemetalres.com/dorwit-cu-ag.html

Certified particular person
The technical info contained on this press launch has been reviewed and permitted by Dr. Scott Jobin-Bevans (P.Geo.), Vice President Exploration and Director of White Metallic, who’s a Certified Individual as outlined by the usual. NI 43-101. .

About White Metallic Assets Corp. :
White Metallic Assets Corp. is a junior exploration firm exploring in Canada and southern Africa. The 2 key properties of the corporate are the Flagship Tower Inventory Gold venture in Thunder Bay, Ontario, Canada and the Okohongo Copper-Silver venture in Namibia, Africa. For extra details about the corporate, please go to www.whitemetalres.com.

On behalf of the board of administrators

Michael is watching
President and CEO

For extra info contact:
Michael is watching
President and CEO
White Metallic Assets Corp.
684 Squier Avenue
Thunder Bay, Ontario P7B 4A8
Phone: +1 (807) 358-2420

Nancy Massicotte
Investor Relations
White Metallic Assets Corp.
Phone: +1 (604) 507-3377
TF: +1 (866) 503-3377
[email protected]

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS COMMUNICATION.

The data contained herein accommodates “forward-looking statements” inside the which means of relevant securities legal guidelines. Ahead-looking statements relate to info primarily based on administration’s assumptions, forecasts of future outcomes and estimates of quantities not but determinable. All statements that categorical predictions, expectations, beliefs, plans, projections, targets, assumptions or future occasions or efficiency aren’t statements of historic reality and could also be “forward-looking statements”.

Ahead-looking statements are topic to varied dangers and uncertainties that would trigger precise occasions or outcomes to vary from these mirrored in forward-looking statements, together with, with out limitation: dangers regarding the shortcoming to acquire satisfactory funding on a well timed foundation and on acceptable phrases; dangers related to the end result of authorized proceedings; political and regulatory dangers related to mining and exploration; dangers related to sustaining inventory market listings; dangers related to environmental rules and legal responsibility; the potential for delays in exploration or improvement actions or the completion of feasibility research; uncertainty of profitability; dangers and uncertainties related to the interpretation of drilling outcomes, geology, grade and continuity of mineral deposits; dangers related to the inherent uncertainty of manufacturing and price estimates and the potential for unanticipated prices and bills; the outcomes of pre-feasibility and feasibility research, and the chance that future exploration, improvement or mining outcomes might not meet the Firm’s expectations; dangers related to fluctuations within the value of gold and different commodities; and different dangers and uncertainties regarding the prospects, properties and operations of the Firm detailed elsewhere within the Firm’s disclosure file. If a number of of those dangers and uncertainties materialize, or if the underlying assumptions show to be incorrect, precise outcomes might differ materially from these described in forward-looking statements. Buyers are cautioned towards assigning undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Firm assumes no obligation to replace or revise them to replicate new occasions or circumstances. Precise occasions or outcomes might differ materially from the Firm’s expectations or projections.

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