White Rock continues to define shallow gold at Red Rock

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THE DRILL SERGEANT: White Rock Minerals (ASX: WRM) has been encouraged by recent assay results from the Red Rock prospect, located 15 kilometres from the company’s 750,000 ounce gold equivalent Resource base at Mt Carrington in northern New South Wales.

The company has received assays from the first hole of a seven-hole infill drilling program, which have returned a 90 metre intersection of gold and silver from surface.

Results include:

–    8 metres at 3.4 grams per tonne gold and 14 grams per tonne silver from surface within 90 metres at 0.8g/t gold and 5g/t silver from surface.

White Rock said the results had confirmed previous drilling at the new gold-silver ‘Deadman’s Zone’, it discovered in late 2012.

 

Red Rock surface plan showing location of White Rock drillholes
RRDD001 – 016 (red collars) with recent assay results, general geology,
historical drilling and mine workings. Source: Company announcement

 

The company indicated assays for the remaining six holes are pending and will form part of a resource estimate due mid-year.

“The drilling at Red Rock is returning results in line with our expectations as we work towards a new Resource estimation here,” White Rock Minerals managing director Geoffrey Lowe said in the company’s announcement to the Australian Securities Exchange.

“We have now turned our focus to continuing the pre-feasibility work required to confirm optimum metallurgical processes, upgrade our Inferred Resources and move the EIS studies to the next level in preparation for feasibility studies later in 2013.”

White Rock explained it has completed the remaining drillholes for the program to infill the drilling gaps within the known mineralised zone to firm up the mineralisation model, as well as testing for northern extensions to mineralisation.

It said all drillholes have intersected quantities of quartz veining and associated base metal sulphides and that it is now waiting on the results.

A program of electrical geophysics and infill geochemical sampling has also been completed at Red Rock, from which additional targets have been defined for drill testing in the second half of 2013.