|Trading symbol:||TSXV: WTC
News Release No. 11-10
Geophysical Surveys and 3D Modeling Further Define Copper
RM Zone for the Marshall Lake Property Project, Ontario
West Vancouver, British Columbia – May 30, 2011 – White Tiger Mining Corp. (the “Company” or “White Tiger”) is pleased to announce that 3D modeling has been completed for certain portions of the Marshall Lake copper, silver and gold exploration project located 30 km west of Nakina, Ontario. The 3D modeling is based on analytical data from core drill holes GAZN-07-02, GAZN-08-06 and -08 and RMZ-10-09, -10,-11,-12,-13,-14,-15,-16,-17,-18 and -19. This analysis has produced a grade cell block model of the “RM Zone” that shows that the Zone has a sub-vertical dip to the north and has consistent grade, continuity and good widths between drill holes. The Company believes that with continued drilling success of mineralization near surface, the RM Zone is potentially amenable to low cost open pit mining methods.
Additionally, detailed IP (induced polarization) surveys have now been completed for the RM Zone target area which indicate a possible fold hinge in the vicinity of the Lease Zone showing (which is to the southwest and converging with the RM Zone). Also, a parallel (untested) IP zone has been discovered along the north side of the RM Zone which potentially adds additional near surface mineralization.
As well, downhole geophysical (“mise-a-la-masse”) surveys conducted between drill hole RMZ11-21 and RMZ 10-15 appear to indicate the presence of a fold hinge and also suggest continuity and extension of mineralization east and west of the drill holes within the RM Zone.
In view of these results and analysis, the Company now intends to proceed with a phase three drill program, which is scheduled to begin in the coming weeks.
White Tiger has the option to earn a 50% interest in the Marshall Lake project from Rainy Mountain Royalty Corp. (“Rainy Mountain” – TSX-V:RMO) and Marshall Lake Mining PLC (“MLM”) by spending $4 million in exploration expenditures over 5 years and issuing 2 million shares over 4 years to Rainy Mountain. 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.
This news release has been reviewed and approved by Robert Middleton, P.Eng., who is acting as the Company’s Qualified Person for the Marshall Lake property project, in accordance with regulations under NI 43-101.
For further information, contact Mr. Clive Shallow, Shareholder Communications at 604-922-2030, Robert A. Young, Investor Relations at 604-682-5123 or visit the Company's new website at www.whitetigermining.com
White Tiger Mining Corp.
“Douglas L. Mason”
Douglas L. Mason, Director (Chairman)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes 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.