White Rock Minerals encouraged by more Red Rock gold

THE DRILL SERGEANT: White Rock Minerals (ASX: WRM) has received further encouragement from recent drilling undertaken at the Red Rock prospect, located at the company’s 100 per cent-owned Mt Carrington project in New South Wales.

According to White Rock the recent drilling has demonstrated potential to expand the company’s 700,000 ounce gold equivalent Resource base at Mt Carrington.
 
White Rock completed a six-hole drilling program at Red Rock in October, designed to investigate the interpreted southern extension to the 54,000 ounces of gold Resource defined at the Deadman’s Zone in July 2013.

It was also tasked with an initial test of geochemical targets along strike of the historical mine workings at the Main Shaft and Cliff Workings.

The first two holes in this program have returned promising assay results and have defined a broad zone of gold mineralisation from surface, immediately to the south of and consistent with the Deadman’s Resource.

Results include:

RRDD024:
40.8 metres at 0.5 grams per tonne gold from 1.8m, including 1.2m at 2.6g/t gold from 1.8m; and

RRDD025:

45.5m at 0.7g/t gold and 23g/t silver from surface, including 10m at 1.2g/t gold from surface and 6m at 0.8g/t gold and 105g/t silver from 22m.

 

Cross Section displaying results for drillhole RRDD024 and 025, along with previous drillholes. Source: Company announcement

 

“The drilling results are very pleasing and continue to demonstrate the district’s emerging potential to provide new gold-silver deposits to add to our existing Mt Carrington inventory,” White Rock Minerals managing director Geoffrey Lowe said in the company’s announcement to the Australian Securities Exchange.

“It also demonstrates our ability to add potential ounces at low spend rates which is important for our development plans under consideration.

“The 50 metre extension to the mineralised zone at Deadman’s is significant given the current 300 metre by 100 metre footprint of the Inferred Resource, which remains open along strike and at depth.

“The strong silver grades reported in RRDD025 are also a bonus and will potentially add value to an updated Mineral Resource for Red Rock in the future.”

White Rock said it is waiting on results for the remaining four holes, which it anticipates reporting to the market in due course.

Email:
info@whiterockminerals.com.au

Website:
www.whiterockminerals.com.au