Drilling now underway at White Rock’s Alaskan zinc VMS project
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Having been busy with preparations for several months, White Rock Minerals (ASX:WRM) has this morning announced that its 2018 exploration program is now underway and drilling has commenced at its high-grade zinc VMS project at Red Mountain in Alaska.
The field program is planned to include a targeted diamond drilling program aimed at in-fill and expansion of the high grade maiden Resource; surface geophysics, mapping and geochemical sampling of new targets; and a follow-up diamond drilling program on the best of the more than 30 already identified exploration targets.
At last update, WRM had mobilised field crews at the camp and the team were busy undertaking the final preparations before drilling. The camp is now set up and ready for use.
With the drilling crew now on the ground, the diamond drill rig is now being used at the first hole at the West Tundra Flats deposit, as shown below.
It should be noted here that WRM is an early stage play and investors should seek professional financial advice if considering this stock for their portfolio.
Drill campaign details
As mentioned, the initial drilling campaign aims to infill and extend the Maiden Resource which already has two identified deposits (Dry Creek and West Tundra Flats) and a Resource base of 16.7Mt at 8.9% zinc equivalent including a high-grade component of 9.1Mt @ 12.9% zinc equivalent.
The drilling currently underway is intended to follow-up drilling last done at the site in the 1990s, which included the following at West Tundra Flats:
- 1.3m @ 21.0% zinc, 796g/t silver,
9.2% Pb, 10.2g/t gold from 58.6m (WTF83-17),
- 3.0m @ 7.3% zinc, 796g/t silver,
4.3% Pb, 1.1g/t gold from160.9m (WTF82-08),
- 1.7m @ 11.4% zinc, 374g/t silver,
6.0% Pb, 1.7g/t gold from 104.3m (WTF82-05).
Initial drilling will focus on infill and extension drilling of both the West Tundra Flats and Dry Creek prospects prior to testing a number of new targets selected via reconnaissance mapping, surface geochemistry and geophysics.
In addition, WRM’s on-ground geological crew has commenced reconnaissance mapping and geochemical sampling of the new target areas ahead of the planned arrival of the surface geophysics crew early next month June.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
