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White Rock Minerals announces for further 6 diamond drill holes at Red Mountain

Mining News - Published on Wed, 26 Sep 2018

Image Source: ABN Newswire
White Rock Minerals Ltd announced that assay results for a further 6 diamond drill holes have been received. Targets tested by these drill holes included extensions to the Dry Creek Deposit (the Discovery lens and the Fosters Gap targets), as well as a series of newly identified targets away from the known deposits at Dry Creek West, Ram and Megan's South. Results for a further 7 diamond drill holes remain outstanding and are expected within the next month. MD & CEO Mr Matt Gill said that "This drilling represents a significant extension to the Dry Creek deposit and notably down dip at both the Fosters and Discovery lenses. The recent results also include the testing of more distant targets identified from our work based on the earlier data and supported by our recent on-ground reconnaissance work, followed by the application of the CSAMT geophysics tool. The results do point to broad VMS mineralisation zones, containing zinc, lead, silver, gold and copper, that warrant follow-up in 2019. The discovery of mineralisation some distance from the known deposits supports our expectation that continuing exploration of The Red Mountain area will confirm a significant VMS camp."

Highlights from the current assay results include:
- 4.2m @ 5.9% zinc, 2.5% lead, 96g/t silver, 0.9g/t gold and 0.1% copper for 11.4% ZnEq(see Note 1 below) (DC18-82) from the Discovery lens, Dry Creek deposit.
- 5.2m @ 2.5% zinc, 0.9% lead, 12g/t silver, 0.1g/t gold and 0.1% copper for 3.7% ZnEq(see Note 1 below) (DC18-84) from the Foster lens, Dry Creek deposit.
- 5.2m @ 2.0% zinc, 0.9% lead, 39g/t silver, 0.2g/t gold and 0.1% copper for 3.9% ZnEq(see Note 1 below) (DC18-85) from the Foster lens, Dry Creek deposit.
- 7.6m @ 1.4 zinc, 0.4% lead, 4g/t silver, 0.1g/t gold and 0.1% copper for 2.1% ZnEq(see Note 1 below) (DC18-86) from the Ram prospect.

The diamond drilling results are part of White Rock's maiden drill campaign at the Red Mountain project, where there are two existing deposits, Dry Creek and West Tundra, which already have a Resource base of 16.7Mt at 8.9% ZnEq including a high-grade component of 9.1Mt @ 12.9% ZnEq (refer ASX announcement 26 April 2017 regarding the maiden Mineral Resource).

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Posted By : Rabi Wangkhem on Wed, 26 Sep 2018
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