THE DRILL SERGEANT: White Rock Minerals has received impressive silver‐gold assays from initial drilling being conducted at a new prospect situated within close proximity of its existing 730,000 ounces of gold‐equivalent Resource base on the Mt Carrington gold‐silver project near Drake in northern New South Wales.
The drilling is being undertaken at the Mozart prospect, 250 metres from Silver King and 800 metres from the Lady Hampden silver-gold deposits.
Mt Carrington mining leases: Location of Silver King and Mozart prospects. Source: Company announcement
White Rock has received an intersection of:
33 metres at 97 grams per tonne silver Ag from 154.5 metres, including 10 metres at 248 grams per tonne silver from 159 metres.
White Rock has identified Mozart to be one of 10 priority near‐mine and regional exploration targets which will be drilled in 2012, within a portfolio of over 70 targets the company has assembled over the past 18 months.
“The potential of the Mt Carrington project to yield significant new and shallow deposits is only just beginning to be unlocked,” White Rock Minerals managing director Geoffrey Lowe said in the company’s announcement to the Australian Securities Exchange.
“After successfully building the gold – silver Resource base to 730,000 ounces gold equivalent over the past 12 months, it is very pleasing to discover a potential new high grade silver deposit at Mozart so close to the existing Resources.
White Rock said it will be undertaking further drilling at Mozart this quarter with a further two to four holes planned.
As part of the regional exploration program drilling has also commenced at the high‐grade and historically mined Red Rock gold-silver-copper prospect located 15 kilometres north of the central Mt Carrington leases.
“The drilling at Red Rock is also very exciting, confirming an extensive and largely untested alteration system within the regional volcanic caldera setting,” Lowe said.
“Drilling to date at both Mozart and Red Rock highlights how well‐endowed and under‐explored the Mt Carrington region is, and the exciting new phase of exploration that lies ahead.”