Quarterly Activities & Cashflow Report
Ballarat, Oct 31, 2019 AEST (ABN Newswire) - White Rock Minerals Ltd (
ASX:WRM) provide the Quarterly Activities Report for the Quarter ended 30 September 2019.
HIGHLIGHTS
- Drilling at the high-grade zinc - silver - lead - gold Dry Creek VMS deposit at the Company's Red Mountain Project in central Alaska has successfully intersected massive sulphide mineralisation over 200 metres down-dip from previous drilling.
- This drilling achieved the deepest intersection in the Dry Creek deposit and indicates a steeper dip to mineralisation than first interpreted, suggesting the deposit remains wide open down dip along its entire 1,200 metre strike length.
- Previous drilling at Dry Creek tested the deposit to a depth of 200 metres. The success of a 200 metre plus down-dip step out drill hole suggests considerable potential for the deposit to grow in size and tonnes.
- Fixed loop EM geophysics at the Cirque Prospect at Red Mountain has identified a clear conductive horizon. Conductance is low which may be consistent with a VMS horizon containing sphalerite (a zinc sulphide with poor conductivity).
- Funding contributed by Sandfire Resources as a part of their JV earn-in for the Red Mountain exploration program increased by A$2M to a total of A$8M for 2019.
- The Company launched a non-renounceable entitlement offer to raise A$5.4M to advance the permitting and DFS for its gold and silver project at Mt Carrington in northern New South Wales.
To view the Quarterly Report, please visit:
https://abnnewswire.net/lnk/18UHC503
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.
| ||
|
