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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: | 7/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-7-2018: White Rock Minerals Ltd. announces an Exploration/Drilling Update report for its Red Mountain deposit at the Red Mountain project. Drilling results incl. 16.0m @ 6.4% Zn, 2.6% Pb, 152g/t Ag, 2.2g/t Au, 0.5% Cu from 227.44m. White Rock Minerals L | |
| 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 assay results for massive sulphide mineralisation intersected in the first two diamond drill holes targeting the down plunge extension of mineralisation in the Discovery lens and the Fosters lens of the Dry Creek deposit at its 100% owned high-grade zinc VMS project at Red Mountain in Alaska. The Discovery lens interval corresponds with the visible sulphide mineralisation previously reported (ASX Announcement 20 June 2018), as shown in Figure 1. The diamond drilling results are part of White Rock’s maiden drill campaign at the Red Mountain project. Drilling is now targeting extensions of the two existing deposits, Dry Creek and West Tundra, which already have 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). MD & CEO Matt Gill said “This drilling represents a significant extension to the Dry Creek deposit and notably down dip at both the Fosters and Discovery lenses. These first two extension drill holes highlight the upside potential for a significant expansion to the Resource at Dry Creek, both in terms of grade and size. Dry Creek is an exciting VMS deposit as it shows great variation in thickness that has the potential to rapidly add to the Resource. These current drill holes also highlight the potential for significant high-grade gold and silver with individual assays up to 25g/t Au and 1,795g/t Ag (or more than 50 ounces of silver per tonne in the old measure). In addition, we are continuing to see more copper as we explore to the east, supporting an early interpretation that the VMS system may be improving towards the east and at depth, where improving zinc grades could also be expected. And all this before we have really got our teeth into testing some of the best of the more than 30 already identified regional exploration targets within our 143km2 land package. | |
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