New gold dis­cov­ery near Straitsview

Com­pany con­duct­ing pre­lim­i­nary work, fur­ther sam­pling


An On­tario com­pany has dis­cov­ered a small sam­ple of gold and other pre­cious met­als near Straitsview on the North­ern Penin­sula.

And now, White Metal Re­sources Corp. is search­ing for more.

The com­pany has found pre­cious met­als, in­clud­ing gold, in a site dubbed the “Gun­ners Cove Prop­erty,” lo­cated ap­prox­i­mately 20 kilo­me­tres north of St. An­thony and about 1-2 kilo­me­tres south of Snorri Cabins in Straitsview.

Sam­ples re­cov­ered from the site yielded quan­ti­ties of gold, sil­ver, cop­per and molyb­de­num.

Per White Metal Re­sources’ web­site, “Selec­tive grab sam­ples col­lected by the prop­erty ven­dor and sub­mit­ted to the lab­o­ra­tory by the Com­pany, re­turned val­ues as high as 5.86 g/t (grams per tonne) gold, 8.0 g/t sil­ver, 0.13% cop­per, and 375 ppm molyb­de­num.”

Fol­low-up sam­pling “yielded re­sults of 10 ppb to 1480 ppb (parts per bil­lion) gold from 33 selec­tive grab sam­ples col­lected over an area mea­sur­ing ap­prox­i­mately 800 me­tres long by 350 me­tres wide.”

Ac­cord­ing to White Metal pres­i­dent and CEO Michaels Stares, 1,000 ppb equals one gram of gold.

Even though the site is closer to Straitsview, Stares told the North­ern Pen they chose to name it the “Gun­ners Cove Prop­erty” be­cause it sounded catchy.

White Metal Re­sources is now con­tin­u­ing pre­lim­i­nary work, re­search­ing the rock of the sur­round­ing area.

The com­pany has ex­panded its land hold­ings to 584 claims, to­talling 14,553 hectares.

This area cov­ers from south of St. Lu­naire-Gri­quet to Quir­pon Is­land.

White Metal has taken more rock sam­ples at dif­fer­ent lo­ca­tions through­out this area and is now await­ing re­sults of a chem­i­cal anal­y­sis of the sam­ples.

The sam­ples are be­ing re­viewed for gold and 32 other min­er­als – in­clud­ing cop­per, nickel and sil­ver.

“This is just pre­lim­i­nary work right now and un­til we do a lot more work there, we have no idea (what’s there) at this point,” said Stares.

He’s hop­ing the re­sults are pos­i­tive.

“If the re­sults are favourable, and I have no idea one way or the other, I’ll prob­a­bly be com­ing up that way in the early spring to give the town (St. Lu­naire-Gri­quet) an up­date,” he said.

As of Oct. 30, Stares chose not to spec­u­late what work the com­pany may con­duct next un­til the re­sults are is­sued in the next two to three weeks.

For more in­for­ma­tion on the pro­ject, North­ern Pen read­ers can visit www.whitemet­al­res. com Black shales with pyrite min­er­al­iza­tion, as seen here, may be a sign that pre­cious met­als are present.


White Metal Re­sources Corp found quan­ti­ties of pre­cious min­er­als at its “Gun­ners Cove Prop­erty” near Straitsview on the North­ern Penin­sula. Pic­tured is the prop­erty.

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