White Tiger Mining Corp – Northern Ontario Mining Projects

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White Tiger Mining Corp – Northern Ontario Mining Projects

Overview:

White Tiger Mining Corp. (CVE:WTC) is a junior exploration company with two key properties located in Northern Ontario. The Marshall Lake property is a copper, silver, gold project, 30km West of Nakina, Ontario and the Norton Lake Property is a nickel, copper, cobalt, and platinum group elements deposit that is located about 50 km northeast of Fort Hope, Ontario, and about 400 km northeast of Thunder Bay, Ontario.

Investment Highlights:

  • November 2010 defined a significant copper zone of mineralization in an initial Phase 1 core drill program on Marshall Lake.
  • Moving forward on significant historical exploration work by notable exploration companies.
  • The Phase 2 drill program will focus on developing the “RM Zone” to an NI 43-101 resource standard.  The  Company’s recent “RM Zone” discovery is open in all directions.   White Tiger continues to evaluate other high potential targets and zones on the Marshall Lake Property.

Chief Properties:

Mr. Robert Middleton, P.Eng., is acting as the Company’s Qualified Person for the Marshall Lake Property and the Norton Lake Property projects in accordance with regulations under NI 43-101.

Marshall Lake – Northern Ontario – Canada

The Marshall Lake Property is an extensive Volcanic hosted (VMS), mineralized, land package of approximately 10km by 16km in size covering over 20 significant showings of Copper, Zinc, Silver and Gold.  The previous work had been completed by competently known companies of the day (Billiton, Falconbridge Copper etc.)

Historically, these companies conducted exploration efforts on small mineral tracts within their own portion of the Property, but for the first time the entire Property has been compiled under one owner in a single camp package. In addition, during the time of these historical efforts, those companies were exploring with little infrastructure based on the assumption of a $0.30-$0.60/ lb. copper market and a $35/oz. gold market.

Given the current copper and gold markets, as well as the positive outlook predicted by many industry professionals, White Tiger’s Marshall Lake Property is well positioned in a newly formed property package that is comparable in size to the Noranda Camp, Ontario, which currently has 31 operating mines.  White Tiger intends to further advance the Marshall Lake Property in a similar fashion.

Another notable change in further exploring the property can be attributed to the advancement of exploration technology, which has allowed White Tiger to more accurately target historical zones, provide extensions of these zones and  develop new zones that were not previously identified.

Additionally, the Marshall Lake Property is well located to infrastructure – 30 km west of Nakina, Ontario with access by all weather gravel road from Highway 11 and the main CNR rail line is within 22km to the south of the Property.

White Tiger has the option to earn a 50% interest in the Marshall Lake Property project from Rainy Mountain Royalty Corporation (RMO) and Marshall Lake Mining PLC by spending $4 million in exploration expenditures over 5 years and issuing 2 million shares over 4 years to RMO. 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.

White Tiger Mining Corp. has completed a phase one drill program on its copper, silver and gold Marshall Lake Property project.

During the phase one program, three holes were drilled in a north-south section, 25 metres south or beneath GAZN-08-07 and west of drill hole GAZN-08-06 and all three drill holes intersected copper sulphide zones.  Wide zones of disseminated copper are seen in all of the holes and within the disseminated copper sulphide envelope there are two distinct zones of semi massive copper sulphides (one being associated with high silica rhyolite and the other being associated with a footwall chlorite alteration-shear zone).  It is significant to note that continuity of the copper mineralization intercepts has been established between the holes.

During the current drill program, the strike length of the copper mineralization has been traced for 125 metres towards an historical copper occurrence known as the “Lease Zone”, which is 200 metres further to the west. This allows the current “RM Zone” (formerly referred to as the North Gazooma Zone) a potential of 325 metre strike length of copper occurrence.

The success of this first phase has lead to planning a second stage of follow-up drilling.

click to zoom

Norton Lake, Northern Ontario, Canada

The Norton Lake Property is a nickel, copper, cobalt, and platinum group elements deposit that is located about 50 km northeast of Fort Hope, Ontario, and about 400 km northeast of Thunder Bay, Ontario. Numerous advanced chromite mines have committed to building railway access to the region.  This is a long overdue step in bringing infrastructure to areas of high economic potential.

A recently completed 3D conceptual modelling of the massive sulphide nickel-copper mineralized zones at the Norton Lake deposit has identified what appears to be a separate sulphide lens. This lower lens is near the surface and is adjacent to the main lens approximately 15 m due south of the deposit. Historical core drill hole U-4 intersected semi-massive pyrhottite-chalcopyrite and stringers of sulphide from 85 m to 98 m. As well, historical core drill hole U-14 also intersected this lower lens from 121 m to 130 m.

Management

Mr. Douglas L. Mason – Chairman – Former President and CEO of Clearly Canadian Beverage Corporation, Mr. Mason has spent many successful years in the public and private financial arenas. Mr. Mason is President and CEO of Waterfront Capital Corporation and Chairman of Columbia Yukon Explorations Inc., International Bethlehem Mining Corp., Black Panther Mining Corp. and World Famous Pizza Company Ltd.

Mr. Ronald A. Coombes – President, C.E.O. and Director – Mr. Coombes is an experienced entrepreneur and fundraiser and has been involved in mineral exploration and junior exploration company management for the past 15 years. Mr. Coombes is the current President of Columbia Yukon Explorations Inc., International Bethlehem Mining Corp., Black Panther Mining Corp. and White Tiger Mining Corp.

Mr. Sead Hamzagic, CGA – CFO and Director – Mr. Hamzagic has over 20 years of public practice accounting and financial management experience. Mr. Hamzagic is currently on the board of directors and Chief Financial Officer for a number of private and publicly trading companies that form part of the conglomerate group of companies chaired by Mr. Mason. Mr. Hamzagic is a member in good standing with the Certified General Accountants Association of British Columbia.

Mr. Bruce E. Morley, LLB, BComm – Director – Mr. Morley has extensive experience in assisting public companies with legal and business matters. Mr. Morley is currently a director of Waterfront Capital Corp, Columbia Yukon Explorations Inc., Black Panther Mining Corp. and White Tiger Mining Corp. Mr. Morley has been a practicing lawyer and a member in good standing with the Law Society of British Columbia since 1981. Prior to that, Mr. Morley received a bachelor of commerce degree with specialties in finance and real estate.

Henry Ewanchuk, P. Eng – Mr. Ewanchuk is the Vice President of Bethlehem Copper Corporation in charge of exploration and the President of Bethlehem Resources Corporation. With Bethlehem Resources Corp, he bought the Goldstream mine and put it back into production. Mr. Ewanchuk is also President of E&B Inc., responsible for putting Sterling Mine into production. As President of Mascot Gold Mines Ltd., worked with team to build and put into production mine located in the spectacular Similkameen Valley. Construction of Mount Polley open pit copper/gold mine – now Imperial Metal`s principal mineral property.

 

Ed Yurkowski, P. Eng. - Director – Mr. Yurkowski is the founder of the Procon Group of Companies in 1992; one of the most successful underground mining and tunneling group of companies in Canada with operations throughout North America

Robert Middleton, P. Eng. – Qualified Person – Mr. Middleton discovered of the Bell Creek Mine in Timmins that eventually became the mill for the Kinross success. He is also known for spotting the discovery hole of the Goliath Gold deposit in Hemlo that became Hemlo Gold Mines and then Battle Mountain Gold, then Newmont. Mr. Middleton took part in helping find the Wayside Gold BC zone in Wells, BC in 1998. He is also accredited with the discoveries of  the Hamlin IOCG (iron oxide copper gold) zone which has now been optioned to Xstrata Copper who are planning to spend $23 million 110km West of Thunder Bay and the platinum-palladium copper-nickel in the Seagull Intrusion North of the Magma Metals new discovery of high grade platinum-palladium, that is now being explored by Black Panther.

Qualified Person – Robert S. Middleton, P.Eng. – Robert Middleton, P.Eng. is acting as the Company’s Qualified Person for its Marshall Lake Property and Norton Lake Property project in accordance with regulations under NI 43-101.

These materials include 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.
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