White Rock defines new and potential gold zones

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THE DRILL SERGEANT: White Rock Minerals has received assay results for its Mt Carrington gold-silver project in northern New South Wales, which the company says, may suggest potential extensions to the current Inferred Mineral Resources at the shallow Strauss and Kylo deposits.

The Strauss and Kylo gold deposits are located on the central Mining Leases held by White Rock at Mt Carrington.

These deposits, along with the Guy Bell deposit, contain combined Inferred Mineral Resources of 2.68 million tonnes at 1.9 grams per tonne gold for 162,000 ounces.

The Resources are located immediately beneath and adjacent to shallow open pits, which were mined in the late 1980’s.

The company has released the results from seven drill holes that include a number of high grade gold intercepts.

At the Strauss deposit, drilling has defined a new zone of gold mineralisation 30 metres below the current Inferred Resource and within 100 metres of surface.

Results from two holes drilled at Strauss include:

SRDD005:
22m at 2.2 g/t Gold from 100m including
0.5m at 8.7 g/t Gold from 102.5m
1m at 17.8 g/t Gold from 108m
5m at 3.3 g/t Gold from 115m

SRDD006:
3m at 9.3 g/t Gold from 87m including
1m at 18.6 g/t Gold from 89m
and
10m at 2.2 g/t Gold from 110m including
1m at 14.3 g/t Gold from 113m

At nearby Kylo, drilling has also confirmed depth extensions to the Inferred Resource.

Results from Kylo include:

KYDD007:
2.4m at 2.9 g/t Gold from 93.5m
1m at 2.8 g/t Gold from 120m
3m at 2.9 g/t Gold from 127m

KYDD008:
2.58m at 8.6 g/t Gold from 10.42m including
1m at 18.6 g/t Gold from 12m
and
3m at 3.8 g/t Gold from 109.5m

“These very encouraging results are a strong indication of the levels of gold mineralisation we are aiming to define in our resource extension drilling,” White Rock Minerals managing director Geoffrey Lowe said in the company announcement.

“The current drilling is based on targets defined by a recently completed resource validation study with the aim of both expanding and upgrading the Inferred Resource base, which currently stands at 190,000 ounces of gold and 10.5 million ounces of silver.

“At Strauss, the discovery of a new zone of gold mineralisation immediately beneath the Inferred Resource is particularly promising and confirms our belief that continued systematic drilling of the main gold corridor can define new gold and silver zones, with a resultant increase in the Resource base.”

White Rock carried out a validation study on Strauss and Kylo, which was designed to review the geological and grade block models for the gold and silver Resources. This study was completed in May.

The study provided a number of positive indications for expansion of the Resource base through targeted drilling, and also provided guidelines on the drilling necessary to both expand and upgrade the current Resource base.

The current drilling program was designed to test for shallow extensions to the Strauss and Kylo Inferred Resources, confirm the existence of a new gold zone interpreted to be located beneath the Strauss Resource (based on limited historical drilling), and test a discrete geophysical IP target 100 metres to the south of the Strauss open pit.