SFR 0.19% $10.77 sandfire resources limited

Ann: WRM: White Rock Minerals - Red Mountain Exploration Update, page-2

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  1. 33 Posts.

    From the end of that announcement -

    About White Rock Minerals
    "White Rock Minerals is a diversified explorer and near-stage producer, headquartered in Ballarat, Victoria. The
    company’s flagship exploration project is Red Mountain in central Alaska, where it has an earn-in joint venture
    arrangement with Sandfire Resources."

    From the start, in part [underline & bold by me], -

    "White Rock Minerals Ltd (“White Rock” or the “Company”) provides 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, with an Inferred Mineral Resource of 9.1 million tonnes @ 12.9% ZnEq for 1.1 million tonnes of contained zinc equivalent at Dry Creek and WTF.

    "Summer field exploration activities have been focused on defining and drill testing new targets (away from the two known high-grade deposits) that
    have the potential to yield a significant discovery to support a greenfield development scenario.

    "During the latter half of the 2019 field season drilling has focused on three new target areas White Rock has identified along the Glacier Trend (Figure 1), these being Arete, Smog South and Sheep Rogers ....

    "Further target areas yet to be drilled include Artesia, Irish Knob, Black Top, Grizzly, Kettle and Glacier Creek East. All target areas, including those drilled recently with only one hole at each, contain numerous prospective horizons, geochemical anomalies and EM conductivity features to be drill tested. This drilling has provided important stratigraphic information ... [continued]"

 
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