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6.3¢ white rock minerals limited

White Rock gets the keys to the Woods Point Gold Project, page-3

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mattyedw

7,270 Posts.

943

09/09/21

14:06

Post #: 55948187

Originally posted by AlphaPortfolios ↑

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CORPORATE RED MOUNTAIN M T CARRINGTON INVESTOR CENTRE COMMUNITY CONTACT[/P]

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0 White Rock gets the keys to the Woods Point Gold Project

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0 Hello investors, White Rock completed the merger with AuStar Gold late August, and we now have a third exciting asset in the company's portfolio. The Woods Point Gold Project, east of Melbourne, and in one of the largest historical goldfields in Victoria, comes with an under-explored 670km2 tenement package, several mining leases, a functioning underground gold mine and an 80,000tpa gold processing plant. We describe a bit more about this asset in the Announcement below.

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White Rock Minerals secures a strategic Victorian gold land package, mine and gold processing facility

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0 I did an interview to also put some colour around why we think this is a genuinely exciting asset and the regional and in-mine exploration opportunities it offers. Importantly, any exploration success can be monetized through an existing gold processing facility - a key strategic asset for us.

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Matt gives an interview on the Woods Point Gold Project acquisition

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0 Over the coming months, we will explain more about our intentions and progress - we already have one diamond drill underground at the Morningstar mine, and a second is planned. This mine, adjacent to the gold processing plant, located at Woods Point, has past production in excess of 800,000 ounces at a grade above 26g/t. We see great potential to continue to discover more reefs here.We see the greatest potential in the large strategic land package, under-explored with little systematic exploration applied to date. Again, we will explain our intentions and plans here over the coming months. Given this goldfield has yielded 6M ounces historically, and with world-class gold deposits like the Cohen's Reef (1.5M ounces) and Morningstar (800,000 ounces) in this field, we believe there lies the great opportunity to find another of these (or more, but let's not get too greedy!).

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0 We continue to have a diamond drill turning in Alaska, some 20 personnel on the ground there still exploring, and we hope assay results start to flow over the next few weeks.And the joint venture with ASX-listed Thomson Resources, advancing our gold and silver project at Mt Carrington in NSW, progresses also.Lots happening!Matt

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What is Gill going to do with AUL’s ground now being a director of WRM that he couldn’t do when he WAS the director of AUL?

One things for sure, AUL will be an excuse/s to line the pockets of sophs over and over with new mum and dads coming on board with the old rinse and repeat promises of potential riches that lie underneath their ground

how many times can the same ground with multiple owners be used as an excuse to extract hard earned with nothing more than a loss making venture…

WRM holders should be in uproar with the $20m dilution for a piece of historical ground that hasn’t made anyone any money for except for the old timers that picked the good stuff by hand and left the rest to be mined not in ground but mined only in mum and dads pockets

WRM Price at posting: 32.0¢ Sentiment: None Disclosure: Not Held

2 Great analysis

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