WRM - Red Mountain - EM Conductor Discovered at Cirque
Ballarat, Sep 18, 2019 AEST (ABN Newswire) - White Rock Minerals Ltd (
ASX:WRM) is pleased to provide an update on the 2019 exploration program underway at the Company's globally significant Red Mountain high-grade zinc and precious metals VMS project in central Alaska (Red Mountain Project).
There are already two high grade deposits at the Red Mountain Project - Dry Creek and WTF, with an Inferred Mineral Resource of 9.1 million tonnes @ 12.9% ZnEq for 1.1 million tonnes of contained zinc equivalent.
During the latter half of the 2019 field season reconnaissance of historic VMS prospects has been completed with the Cirque prospect (Figure 3) identified as the highest priority area for follow-up. The Cirque prospect was discovered in 1976 by RAA, Getty and Phelps Dodge. Massive sulphide float blocks, of up to 2 metres thick, occur within 300m of mineralised calc-schist and carbonate outcrop. Assays from 18 samples averaged 5.6% Zn, 1.7% Pb, 49g/t Ag & 0.5% Cu.
A surface geophysics crew has now just completed a single fixed loop electromagnetic (EM) survey across two horizons of massive sulphide that extend east under glacial till cover. Modelling of the results by Newexco - a specialist geological and geophysical consulting firm - shows a clear long wavelength anomalous response on all four lines, consistent with a single, strike and depth extensive, conductive horizon. The conductance is low which may be consistent with a VMS horizon containing weakly conductive lead-zinc sulphides. A second conductive horizon to the south is very weak with further surveying likely required to better define this feature.
White Rock's Managing Director, Matt Gill said "The potential for multiple VMS deposits throughout the Company's large strategic tenement package, expanded to 475km2 last year, is only now beginning to be understood.
"Our first ground geophysics survey on a historic prospect has identified the type of conductor that could reflect significant massive sulphide accumulations. We continue to be excited by the targets being generated and the opportunities that presents for follow-up drilling."
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About White Rock Minerals Ltd
White Rock Minerals Ltd (ASX:WRM) (OTCMKTS:WRMCF) is a diversified explorer and near-stage producer, headquartered in Ballarat, Victoria. The Company's flagship exploration project is Red Mountain in central Alaska. At Red Mountain, there are already two high grade zinc - silver - gold - lead VMS deposits, with an Inferred Mineral Resource of 9.1 million tonnes @ 609g/t AgEq / 13% ZnEq. The Company is also exploring its recently discovered large intrusion related gold anomaly at Last Chance, also located in the Tintina gold belt of Alaska, home to multi-million gold ounce deposits like Pogo, Fort Knox and the Donlin Project. The Company also has the Mt Carrington project, located near Drake, in Northern NSW, which is a near-production precious metals asset with a resource of 341,000 ounces of gold and 23.2 million ounces of silver on an approved mining lease, and with a Gold First PFS and JORC Reserve.
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