White Rock provides update for zinc project in Alaska
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 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:
targeted diamond drilling program aimed at in-fill and expansion of the high
grade maiden Resource,
orientation EM and possibly geochemistry exploration across the two already
application of the best geophysics and geochemistry exploration tools
determined from the on-ground orientation work, and
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:
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.”
The Newman Creek airstrip and camp location, with the Red Mountain project to the west.
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.