White Rock Minerals identifies new zinc-silver targets
THE DRILL SERGEANT: White Rock Minerals (ASX: WRM) has identified a number of high priority volcanogenic massive sulphide (VMS) targets within the company’s expanded Red Mountain tenement package in Central Alaska.
The high priority VMS targets are conductors located within zones of anomalous surface geochemistry, which the company said were indicative of proximal VMS mineralisation.
The targets have resulted from two recent studies undertaken at the Red Mountain project.
The first by Dr Jim Franklin, a recognised global VMS expert, who completed an assessment of surface geochemical data recently compiled by White Rock.
This study aimed to use modern vector analysis to identify new exploration targets from old data from known deposits at Dry Creek and West Tundra Flats to calibrate Dr Franklin’s assessment of the regional data.
The result has prioritised the Dry Creek West, ReRun, West Tundra Flats, Smog and Glacier target areas as highly prospective for additional VMS deposits.
The second study by Condor Consulting completed a detailed interpretation of the EM and magnetics survey flown by the Alaskan Division of Geological and Geophysical Surveys (DGGS) in 2007.
Condor also used the known deposits at Dry Creek and West Tundra Flats to calibrate the assessment of the EM and magnetics data ending up with a number of high priority conductors identified as having the potential of being caused by massive sulphide mineralisation.
“The two studies underpin our belief that the Red Mountain project could be home to a new camp of high grade zinc-silver-gold VMS deposits,” White Rock Minerals CEO and managing director Matt Gill said in the company’s announcement to the Australian Securities Exchange.
“Of the 30 conductors associated with geochemical anomalism, White Rock will aim to prioritise five of the best conductors for a campaign of follow-up field work that will culminate in drilling to test the best of these targets in addition to confirming the existing deposits at Dry Creek and West Tundra Flats.”
Email: info@whiterockminerals.com.au
Website: www.whiterockminerals.com.au