Field crew now assessing White Rock’s Red Mountain project
White Rock Minerals Ltd (ASX:WRM) has released an update from its zinc VMS Red Mountain project in Alaska, stating that field crews have commenced on-ground assessment of recently identified regional exploration targets.
WRM identified a number of high priority VMS targets in the lead up to the 2018 field season, which are outside the known high grade zinc–silver–lead–gold VMS deposits at the Dry Creek and West Tundra prospects.
These high priority VMS targets are “conductors located within zones of anomalous surface geochemistry that are indicative of proximal VMS mineralisation”.
The targets were identified through an assessment undertaken by recognised global VMS expert, Dr Jim Franklin of existing surface geochemical data combined with a detailed interpretation of existing EM and magnetics surveys by Condor Consulting.
Franklin and Condor Consulting were able to use the known deposits at Dry Creek and West Tundra Flats to calibrate their assessment of the regional data, with the resulting assessment indicating that the Dry Creek West, ReRun, West Tundra, Rod, Smog and Glacier target areas are highly prospective for additional VMS deposits. Further, a number of high priority conductors were identified as having the potential of being caused by massive sulphide mineralisation.
According to the assessment, the highest priority conductors are located within the geochemical target areas, some of which are “coincident with strong base metal and precious metal anomalies from historic sampling”.
Field assessment commences
WRM’s field crews have now commenced their field assessment at the highest priority targets with the intention of undertaking mapping and surface sampling prior to selecting targets for drill testing throughout the 2018 campaign.
Field crews have already been able to assess a number of conductivity targets, as well as the associated proximal soil geochemical anomalies.
The next stage for WRM will be detailed mapping and sampling of prioritised prospects ahead of drill testing. The company anticipates a handheld XRF will be utilised to rapidly validate the location and tenor of historic surface zinc, lead, silver and copper anomalism prior to locating drill holes to test the new targets, without the need for samples to be submitted to the laboratory and subsequent long lead time to surface geochemistry results.
Of course, as with all minerals exploration, success is not guaranteed — consider your own personal circumstances before investing, and seek professional financial advice.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.