White Tiger Mining Corp. (TSXV:WTC) is a junior explorer that has a few projects in Ont. Suffice it to say this is probably one of the most mining friendly areas in the world. The flagship project currently is what is known as the Marshall Lake project. It is situated approximately 30 km's NW of Nakina, Ont. The company is exploring for copper which is one of the hottest commodities at present. They have managed to pull together quite a number of claims that in the past have belonged to several companies but this is the first time they have been all brought under one company. The historical drill results can only be referred to as historical since they were before the 43-101 requirements. These results were quite impressive and although they cannot be relied upon as 43-101 compliant the fact remains they are of value to the company.
White Tiger has just recently started their most recent round of drilling and have struck what appears to be some very highly mineralized intercepts. You can see the details of these by going to their website at www.whitetigermining.com. They have sent the cores in for assay in Thunder Bay and put a rush on the results. CEO Mr. Ron Coombs stated in an interview that he is thrilled at what they believe they may have discovered but would not go as far as to comment on the possible grade. He was quoted as saying that the mineralization was visible.
The price has risen from the $0.30 level just a week and a half or so ago to a high of $0.98 and has since settled to the $0.75 level. If the assays come back in the 1.5% or higher levels it will skyrocket. If it is about the 1% level it should still see a significant increase. Less than 1% may be met with disappointment from the market and thus this play could go against us at that point. The risk/reward factor here is enough in favor of decent assay results for my personal liking.
As always everyone is advised to do your own due diligence and advise accordingly. Seek the advice of a professional if that seems appropriate. I must make it known that I presently own shares in this company.
Lovely post
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