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White Rock Minerals Ltd.
Summary
| Project: | Red Mountain | |
|---|---|---|
| Deposit: | Red Mountain | |
| Location: | United States | |
| Commodities: | Zinc-Silver-Lead-Gold-Copper | |
| Date: | 6/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-6-2018: White Rock Minerals Ltd. announces an Exploration/Drilling Update report for its Red Mountain deposit at the Red Mountain project. Drilling results incl. 22.09m @ 2.9% Zn, 1.2% Pb, 110g/t Ag, 0.6g/t Au, 0.1% Cu from 63.86m. White Rock Minerals | |
| Resources: | (Resource, Inf.): 16.7Mt @ 8.9% ZnEq. for 1,488Mt ZnEq. Contained at Red Mountain | |
| CP/QP: | [Overall Report]: Rohan Worland (Independent) | |
| ABSTRACT: | White Rock Minerals Ltd (“White Rock” or the “Company”) is pleased to announce the first round of assay results for massive sulphide mineralisation intersected in two of the first three diamond drill holes at its 100% owned highgrade zinc VMS project at Red Mountain in Alaska. The intervals correspond with the visible sulphide mineralisation previously reported (ASX Announcement 5th June 2018), as shown in Figures 1 & 2. These diamond drilling results are part of White Rock’s maiden drill campaign at the Red Mountain project. The initial drilling results are from infill drilling of the two existing deposits, Dry Creek and West Tundra, with a Resource base of 16.7Mt at 8.9% ZnEq1 including a high-grade component of 9.1Mt @ 12.9% ZnEq1 (refer ASX announcement 26 April 2017 regarding the maiden Mineral Resource). At West Tundra, the WT18-28 high grade mineralisation intercept from 60.6 to 63.1 metres downhole has an estimated true width of 3.4m (Figure 3) and is the best grade-thickness intersection for any drilling at West Tundra. This hole is some 75 metres from the nearest hole (WTF82-05) and indicates the sparse drilling at West Tundra (100-250 metre spacing) is open to improvements in grade and thickness with infill drilling. The first drill hole (WT18-27) drilled down a steep angled fault and did not intersect any significant base metal sulphide mineralisation. MD & CEO Matt Gill said “These first drill assay results for the Dry Creek and West Tundra deposits validate our belief that these two deposits form part of a genuine high-grade zinc rich polymetallic VMS mineralisation system. Our exploration program focus is to expand the maiden Resource and to identify and test new targets to make the additional discoveries. Initial drilling and surface mapping and sampling have allowed us to characterise the mineralisation at Red Mountain, providing the knowledge with which to identify, prioritise and test these new targets. This is a great start to our 2018 exploration program and we are confident of adding to our maiden Resource in a meaningful way over the next few months.” | |
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