White Rock announces geophysics team for zinc VMS project
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.”
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