White Rock Minerals encounters high-grade gold intersections at Red Rock

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THE DRILL SERGEANT: White Rock Minerals (ASX: WRM) has got excited by further encouraging assay results it has received from recently-conducted drilling at the Red Rock prospect, located 15 kilometres from the company’s 750,000 ounce gold equivalent Resource base at Mt Carrington.

White Rock completed the seven-hole program in April, which was designed to infill drilling gaps within the known mineralised zone with the intention of firming up the company’s geological model, as well as test for northern extensions to mineralisation.

The company said the program had returned promising assay results, and provided it with the information it required to enable a maiden Resource estimation to be undertaken.

Results include:

–    16 metres at 2.1 grams per tonne gold from 49 metres, including 4 metres at 6.9 grams per tonne gold from 59 metres with 1 metre at 18.1 grams per tonne gold from 59 metres;

–     15m at 2g/t gold from 89m, including 1m at 22.0g/t gold from 91m;

–     1m at 43.7g/t gold from 46m; and

–    6m at 2.9g/t gold from 30m, including 1m at 11.7g/t gold from 34m.

“The latest results from Red Rock are particularly encouraging, and continue to support the definition of a robust and shallow gold zone,” White Rock Minerals managing director Geoffrey Lowe said in the company’s announcement to the Australian Securities Exchange.

“To date, 17 of the 23 holes completed have returned promising gold results.

“The presence of high-grade gold in discrete zones in the current holes augurs well for the upcoming Resource estimation.

“Further work to investigate the extent of these high grade structures is planned for the second half of the year.”

 

Cross section displaying drilling results. Source: Company announcement

 

Drilling at Mt Carrington is now focussed on the central and White Rock leases.

Drillholes have been completed to obtain metallurgical samples from the Strauss and Kylo gold deposits, which have Indicated and Inferred Resources of 208,000 ounces gold and 433,000 ounces.

The company is currently drilling with the intention to upgrade the White Rock silver Resource of 8.2 million ounces of silver from Inferred to Indicated status in preparation for pre-feasibility studies.