Next Investors logo grey

White Rock announces geophysics team for zinc VMS project


Published 03-MAY-2018 09:00 A.M.


2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

White Rock Minerals Ltd (ASX:WRM) has provided an update on its plans to conduct a comprehensive exploration program at its 100%-owned zinc VMS project at Red Mountain, Alaska.

The company announced that Zonge International, Inc., one of the world’s leading geophysical contractors, has been selected to assist in the upcoming field season program. WRM has several exploration activities planned for the season including:

  • A targeted diamond drilling program aimed at in-fill and expansion of the high grade maiden Resource,
  • On-ground orientation EM and possibly geochemistry exploration across the two already identified deposits,
  • Regional application of the best geophysics and geochemistry exploration tools determined from the on-ground orientation work, and
  • A follow-up diamond drilling program on the best of the more than 30 already identified exploration targets.

The next steps for WRM will be the construction of the field camp, commencing next week, and a full camp commissioning. Drilling and field crews are scheduled to kick off the field program in the last week of May.

Modern-day techniques to bolster Red Mountain prospects

A key part of WRM’s program at Red Mountain will be the application of modern-day ground geophysics techniques for the first time ever on this project. Of particular use will be the range of surface and downhole electrical techniques that can now be used to assist in identifying possible targets for subsequent drill holes.

These techniques will be able to test for high-grade massive sulphide mineralisation, both as extensions to the known deposits at Dry Creek and West Tundra Flats, as well as some of the 30 already identified exploration targets developed from historic shallow EM and surface geochemistry.

The drilling campaign will aim to infill and extend the Maiden Resource which already has two identified deposits (Dry Creek and West Tundra Flats) and a Resource base of 16.7Mt at 8.9% zinc equivalent, including a high-grade component of 9.1Mt @ 12.9% zinc equivalent.

It should be noted that WRM is an early stage play and anything can happen, so seek professional financial advice if considering this stock for your portfolio.

The drilling campaign will be the first follow-up on drilling that was last undertaken in the 1990s, which included:

  • 68.9m @ 4% zinc, 1.8% lead, 58g/t silver and 0.3g/t gold (DC98-60)
  • 36.1m @ 6.2% zinc, 2.5% lead, 183g/t silver and 1g/t gold (DC98-40)
  • 12.5m @ 12.5% zinc, 5.5% lead, 160g/t silver and 1.1g/t gold (DC97-04)

Managing Director & CEO of White Rock, Matt Gill commented on the update: “The company is very excited about the imminent commencement of field activities at our Red Mountain project.

“There is a real sense of anticipation that drill testing could yield additional high grade zinc deposits that catapult the project to the next stage and realise White Rock’s aspiration to develop a new mine. This is an exciting time for White Rock.”

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.