White Pine (WPR)-Metalex-Arctic Star Joint Venture Intersect 19.3m of 10% Zn and 41.5g/t Ag in Hole 5.01-16, 5.01 Project, James Bay Lowlands, Ontario
12:31 EST Monday, January 19, 2009
TORONTO, ONTARIO--(Marketwire - Jan. 19, 2009) - White Pine Resources Inc. (TSX VENTURE:WPR) ("WPR"), Metalex Ventures Ltd. (TSX VENTURE:MTX) ("Metalex"), and Arctic Star Resources Inc.'s (TSX VENTURE:ADD) ("Arctic Star") Joint Venture Project along the Ring of Fire, 45 kilometers North of Noront Resources Limited's ("Noront") Eagle One Deposit has encountered additional Volcanic Derived Sulphides (VDS) mineralization on its 5.01 discovery, James Bay, Ontario. The property consisting of 160 acres is under option by WPR, whereby WPR can earn up to a 50% interest in the property (WPR has earned 25% to date). Within the option agreement covering approximately 21,400 hectares, there are numerous other high priority targets.
To date, on the 501 discovery, 42 holes (1-41 and 43) have been completed totaling 10,786 meters. The high grade Zn-Cu-Pb-Ag mineralized zone has been delineated over a north-south strike length of 200m and to a vertical depth of 275m from surface. The zone dips steeply at 75 degrees to the east and appears to have a steep 65 degree plunge to the south. Horizontal widths of the high grade zone can reach up to 22m.