Another exploration discovery in Alaska and the first of our drill hole assays
Good morning investors,
Earlier this week we announced another exciting gold discovery in Alaska at our Red Mountain project.
To remind the reader, our large district-scale land package covers 836km2 and encompasses both a prospective polymetallic silver - zinc - lead - gold VMS geological domain, as well as an IRGS related gold system. We are blessed with both and goes to the fertile nature of our land package and the opportunities for discoveries our team is chasing on the ground.
Monday we announced another IRGS style gold discovery, west of the large Last Chance gold prospect, itself only discovered 18 months ago. This latest prospect, called Pepper, has been identified from a combination of good geological mapping and sampling, soils and rock chips, and more regional interpretation. Additional rock and soil samples are still pending analysis from the laboratory.
Mineralisation extends for over one kilometre of strike east-west and is open-ended.
You can read more by clicking on the link below.
Pepper Prospect Gold Discovery along strike from the Last Chance Gold Target, Alaska
And today, we announced the first drill hole assays received back from the lab. We at White Rock have been very open, and equally frustrated by, the painfully slow turnaround time in assay results. We have taken measures to utilize a second lab to improve this.
Whilst today's result is of a narrow width, and I, as much as anyone, recognize you need some width for it to be a more meaningful result, intersecting 11.9% Zinc (Zn), 2.8% lead (Pb), 0.9% Copper (Cu), 63g/t silver (Ag), and 0.2g/t gold (Au) from a step-out hole, 200m from surface and over 500 metres from the nearest hole, is extremely encouraging. These are high grades! On a combined metal basis, it grades 17.5% Zinc Equivalent.This drilling demonstrates that this thing is 1.5 kms long and has only had some 5 holes poked into it before now, offering encouragement given its lateral extent and that VMS deposits can pinch and swell over short distances. We just need to find the thicker parts.
Two of our first holes in this discovery, which the WRM team also made, ran grades of between 13 to 17% Zn, 3% Pb, 50 to 90g/t Ag & 0.9 to 1.6% Cu.
Please read more.
Matt
First Drill Assay Results for 2021 Field Season, Red Mountain VMS Project, Alaska
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