White Rock strikes more gold and silver at Red Rock

THE DRILL SERGEANT: White Rock Minerals (ASX: WRM) has been encouraged by further shallow gold results from a recently completed drilling program undertaken on its Red Rock prospect.

The company considers the latest results have strengthened the potential for the Red Rock prospect to be incorporated as a new resource in an expanded mine plan at the company’s 100 per cent-owned Mt Carrington gold and silver project, which is located less than 15 km away.

 

Cross section displaying Red rock drill results. Source: Company announcement

 

White Rock has reported thirteen diamond drill holes from the campaign so far, nine of which have intersected shallow gold and silver mineralisation.

Assays are pending for three further holes.

Highlights from the latest results include:

–    88 metres at 0.9 grams per tonne gold from surface, including 4m at 1.6g/t gold and 34g/t silver from 7m and 17m at 2.8g/t gold from 45m;

–    1m at 6.3g/t gold from 52m;

–    1m at 6.0g/t gold from 55m;

–    1m at 6.6g/t gold from 59m; and

–    53.5m at 0.4g/t gold and 15g/t silver from 2m.

“These results highlight the exciting discovery and evolution of a new gold system on the Mt Carrington project,” White Rock Minerals managing director Geoffrey Lowe said in the company’s announcement to the Australian Securities Exchange.

“The majority of holes we have completed at Red Rock have encountered significant gold and silver mineralisation.

“The near-surface nature of the mineralisation combined with the indications of discrete high-grade gold and silver-bearing veins underpins our confidence in a potential new Resource at Red Rock.

“We are now undertaking a similar drilling program at the Mozart silver prospect, and will return to Red Rock for further drilling in April with the aim of estimating a maiden Resource mid-year as part of our plans for an expanded Mt Carrington Resource base for development.”