White Rock has the drill bit turning
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
Diversified explorer and near-stage producer, White Rock Minerals Ltd (ASX:WRM) in conjunction with its joint venture partner Sandfire Resources NL (ASX:SFR) has commenced the 2019 exploration program, and drilling has started at the company’s globally significant Red Mountain high-grade zinc and precious metals VMS project in central Alaska.
There are already two high grade deposits at the Red Mountain Project, with an Inferred Mineral Resource of 9.1 million tonnes at 12.9% zinc equivalent for 1.1 million tonnes of contained zinc equivalent.
As part of the field campaign, a diamond drill program will follow up on the successful discovery of new massive sulphide mineralisation at the Hunter prospect in 2018.
A diamond drill program to test the best of the regional targets defined by the multi-disciplinary use of airborne EM, the 2018 stream geochemical anomalies that were identified, new satellite defined alteration, whole rock lithogeochemical alteration, on ground soil and rock geochemistry and on-ground electrical geophysics.
Consequently, White Rock has significant data to draw on in terms of extending known mineralisation and identifying new targets.
Replicating success using proven technology
This includes detailed electrical ground geophysics (CSAMT and MT) across the regional targets replicating the most rapid field acquisition electrical technique that successfully mapped conductivity associated with mineralisation at both of the two existing deposits, Dry Creek and WTF.
Discussing the extensive preliminary work that should give White Rock an edge during this coming ground operation, White Rock’s managing director, Matthew Gill said “We have got off to a great start with our 2019 exploration program, having just completed our first ever modern, high-powered airborne EM survey over our 475 square kilometre strategic belt-scale regional tenement package.
“We have now safely and efficiently mobilised our field crews and have boots on the ground exploring the best of our many identified exploration targets and the drill bit is now also turning.”
Two geological crews have commenced reconnaissance mapping and geochemical sampling of the new target areas identified from last year’s field season, with the initial priorities being follow-up of stream geochemical anomalies along the Glacier Trend and in the Platypus area west of the Dry Creek deposit, where one of the stream samples returned a 1% zinc anomaly.
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.
