White Rock Minerals provides Red Mountain exploration update

White Rock Minerals provides Red Mountain exploration update

Diversified explorer and near-stage producer White Rock Minerals (ASX: WRM) has provided an update on the 2019 exploration program underway at the Company’s globally significant Red Mountain high-grade zinc and precious metals VMS project in central Alaska.


HIGHLIGHTS

·       Late-season field activities include diamond drilling and surface exploration to define targets for follow-up during 2020.

·       A ground EM survey is underway at the Cirque prospect where massive sulphide mineralisation extends under glacial cover.

·       The drill rig has now relocated to test 200 metres down dip of previous drilling at the high-grade Dry Creek deposit.

There are already two high grade deposits at the Red Mountain Project, with an Inferred Mineral Resource1 of 9.1 million tonnes @ 12.9% ZnEq2 for 1.1 million tonnes of contained zinc equivalent at Dry Creek and WTF.

Summer field exploration activities have been focused on defining and drill testing new targets (away from the two known high-grade deposits) that have the potential to yield a significant discovery to support a greenfield development scenario.

During the latter half of the 2019 field season drilling has focused on three new target areas White Rock has identified along the Glacier Trend, these being Arete, Smog South and Sheep Rogers.

The Arete and Sheep-Rogers target areas are within an extensive alteration zone with 10km of strike, where multiple prospective occurrences containing sulphide accumulations, chert and iron formations have been identified, all believed to be proximal to horizons prospective for base metal rich massive sulphides along strike and down dip.

The Smog South prospect is a large isolated target area further east along the Glacier Trend also with extensive alteration, anomalous geochemistry plus surface base metal mineralisation within a VMS horizon at the Smog prospect to the north.

Further target areas yet to be drilled include Artesia, Irish Knob, Black Top, Grizzly, Kettle and Glacier Creek East. All target areas, including those drilled recently with only one hole at each, contain numerous prospective horizons, geochemical anomalies and EM conductivity features to be drill tested.

This drilling has provided important stratigraphic information.

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