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White Rock Minerals expands Red Mountain tenement package

Mining News - Published on Fri, 23 Nov 2018

Image Source: cloudfront.net
White Rock Minerals announced that it has more than tripled the area of its highly prospective 100% owned Red Mountain high-grade zinc - silver - lead - gold - copper volcanogenic massive sulphide Project in Alaska through the staking of an additional 524 new State of Alaska Mining Claims and Mineral Locations. The expansion of its tenement package follows a successful first year of field activities for White Rock where drilling intersected multiple high grade intervals of zinc-silver-lead-gold-copper mineralisation at Dry Creek, West Tundra and the newly discovered Hunter prospect. With some drill hole results returning in excess of 17% zinc, 6% lead, 1,000 g/t silver, 6 g/t gold and 1.5% copper, the 2018 field season also saw three reconnaissance crews out in the field mapping and sampling. The culmination of this work has encouraged White Rock to expand its strategic tenement holding to take in more of what has been identified as a highly prospective geological setting.

White Rock moved to secure the additional prospective areas in consultation with its strategic partner, Sandfire Resources NL ("Sandfire"). Earlier in the year, and encouraged by what White Rock was doing, Sandfire signed an agreement providing equity funding to assist White Rock to continue to explore the Red Mountain project during 2018, with an option to enter into an earn-in JV by the end of this year

The majority of the expanded tenement area forms a contiguous block of mining claims that now extend the Red Mountain project over a larger area of the Bonnifield Mining district, to the west along strike and south into the prospective footwall stratigraphy identified as containing multiple VMS prospective time horizons. The new claim areas will allow White Rock to systematically explore what is now held to be a highly prospective regional stratigraphic setting capable of hosting multiple high grade zinc-rich polymetallic VMS deposits.

White Rock has also staked claims over a number of additional VMS mineral occurrences including at Anderson Mountain, Virginia Creek, West Fork, Peaches, Keevy Peak, Kenny, Sheep Creek and Surprise Creek. These prospects have been the subject of past exploration with VMS characteristics identified from mapping, rock chip sampling and in some cases drilling. Results by previous explorers are summarised below.

The Red Mountain project now comprises 754 State of Alaska Mining Claims and Mineral Locations, with the total area now controlled totalling 475km2.

Mr Matt Gill, CEO, said that "Our successful first year of exploration on the ground at Red Mountain and the subsequent attraction of our strategic partner Sandfire has allowed White Rock to enact a much broader exploration and discovery vision by securing what we believe to be a regionally extensive and highly prospective land package. Field work has confirmed the regional prospectivity through our discovery this year of outcropping massive sulphide mineralisation at the Hunter prospect. Further validation of the regions prospectivity is evidenced by the extensive alteration and multiple VMS time horizons identified through field reconnaissance of targets developed from earlier desktop studies. White Rock envisages that an aggressive systematic multi-pronged exploration program will rapidly yield the discoveries required to advance the Bonnifield district towards a new VMS development project."

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Posted By : Nanda Koijam on Fri, 23 Nov 2018
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