White Rock provides update for zinc project in Alaska

Published at May 10, 2018, in Mining

White Rock Minerals Limited (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 in Alaska.

Personnel crews have begun arriving at the summer field camp, to establish the camp area in preparation for field operations expected to commence within two weeks. Additional crews including the drillers and the field geological crew will also arrive for the drilling, geological reconnaissance and geochemical sampling programs.

It is expected that the geophysics crew (Zonge International) will commence their on-ground work in mid-June.

It is early stages here, so investors should seek professional financial advice if considering this stock for their portfolio.

WRM’s exploration for the upcoming field season is planned to include:

  • 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 drilling campaign aims to infill and extend the maiden resource which already has two identified deposits at Dry Creek and West Tundra Flats. The resource base of 16.7Mt at 8.9% ZnEq1 includes a high-grade component of 9.1Mt @ 12.9% ZnEq1.

This drilling follows previous drilling last completed in the 1990s, which included:

Red mountain historical drill results

Managing Director & CEO of White Rock, Matt Gill commented on the update: “A lot of preparation has gone into the planning for the commencement of field activities as early as possible in the 2018 field season. It is great to see all the hard work coming together as field crews begin to mobilise with first drilling expected to be underway within two weeks. There is a real sense of anticipation that the on-ground geochemistry and geophysics teams, combined with 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.”

Red mountain newman creek airstrip

The Newman Creek airstrip and camp location, with the Red Mountain project to the west.

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.

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