Help Desk -
9958816305, 9810335381
Email
Password

White Rock Minerals announces quarterly activities report

Mining News - Published on Thu, 18 Oct 2018

Image Source: MenaFN.com
White Rock Minerals Ltd announced the Company's Quarterly Activities Report.

Red Mountain Zinc VMS Project Highlights
The Company continued extensive on-ground exploration activities at its 100% owned Red Mountain high-grade zinc - silver - lead - gold volcanogenic massive sulphide ("VMS") Project in Alaska. Field activities included simultaneous diamond drilling, ground CSAMT geophysics, geological reconnaissance mapping and surface geochemical sampling programs. The 2018 field program concluded in September as planned.

Exploration program highlights for 2018 include:
- Discovery and successful drill testing of the new Hunter prospect massive sulphide mineralisation with 1.4m @ 17.4% Zn, 3.9% Pb, 90g/t Ag & 1.6% Cu for 25.8% ZnEq(see Note 1 below) (HR18-01)(see Note 2 below). This discovery remains open east and west and down dip with massive sulphide mapped for over 500 metres along strike on the surface.

- Best drill intersection in the history of this project at the West Tundra deposit with 3.5m @ 15.1% Zn, 6.7% Pb, 518g/t Ag, 2.1g/t Au and 0.2% Cu for 35.2% ZnEq(see Note 1 below) (WT18-28)(see Note 3 below).

- Best drill intersection in the history of this project into the Discovery Lens at the Dry Creek deposit with 4.7m @ 19.5% Zn, 7.8% Pb, 466g/t Ag, 6.9g/t Au and 1.5% Cu for 49.7% ZnEq(see Note 1 below) (DC18-79)(see Note 4 below).

- Down dip extension of the Fosters Lens at the Dry Creek deposit achieved with 4.3m @ 4.8% Zn, 2.3% Pb, 1,435g/t Ag, 2.2g/t Au and 0.5% Cu for 43.2% ZnEq(see Note 1 below) (DC18-77)(see Note 4 below) and remaining open down dip.

- Completion of a detailed regional stream sediment program across the majority of the Company's 143km2 strategic tenement package to assist in focusing follow-up work for the 2019 field exploration program.

o The field crews collected 435 stream samples, 1,835 soil samples and 330 rock chips samples across the company's tenement holding. Stream samples are awaiting assaying.

- Successful application of portable XRF analysis of soil samples to deliver rapid target generation.

- Successful orientation ground geophysics across known mineralisation with the CSAMT geophysics technique accurately identifying massive sulphide mineralisation at Dry Creek and West Tundra enabling the technique to be a rapid reconnaissance tool for identifying drill targets within zones of anomalous geochemistry and favourable stratigraphy.

o The CSAMT geophysics crew acquired 40 line kms of new data along strike of the Dry Creek and West Tundra VMS deposits. This work assisted to identify follow-up drill targets.

- A total of 24 drill holes for 4,111 metres of diamond core drilling was completed during 2018. The drill rig has been demobilised and stored at the camp site ready for rapid re-mobilisation in 2019.

The successful progress of this exploration program resulted in the signing of a cornerstone investment and strategic relationship agreement with Sandfire Resources NL (ASX:SFR) (Sandfire). The company welcomed Sandfire as a strategic partner and cornerstone investor that shares White Rock's vision for the exploration and development of the Red Mountain Project. Securing a high-quality partner with world leading expertise in the exploration and development of base metals projects is a strong endorsement to the quality and potential of White Rock's globally significant high-grade zinc VMS Red Mountain Project.

Source :

Posted By : Rabi Wangkhem on Thu, 18 Oct 2018
Related News from Mining segment