White Rock identifies Fosters lookalike mineralisation
Published 29-OCT-2019 12:35 P.M.
|
1 minute read
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
White Rock Minerals Ltd (ASX:WRM) informed the market on Tuesday that the last hole drilled at the end of its Red Mountain Project October campaign (DC19-96) successfully intersected mineralisation with 1.4 metres including massive sulphide containing abundant sphalerite (zinc sulphide) located within stratigraphy equivalent to the Fosters lens.
There are already two high grade deposits at the Red Mountain VMS project in Alaska, with an Inferred Mineral Resource of 9.1 million tonnes at 12.9% zinc equivalent for 1.1 million tonnes of contained zinc equivalent at Dry Creek and WTF (West Tundra Flats).
Drill hole DC19-96 tested an aggressive 200 metre plus down-dip step out from the known high-grade zinc – silver – lead – gold mineralisation of both the Fosters and Discovery lenses at the Dry Creek deposit.
Drilling was then terminated due to poor ground conditions and the end of the field season corresponding with the onset of winter.
As shown below, the drill hole intersected a chert horizon correlating with the hanging wall position to the lower Discovery lens of massive sulphide mineralisation, leaving the Discovery lens potentially ahead of the drill hole path and untested.
Drill hole DC19-96 targeted down-dip from historic drill holes DC19-66 and DC19-52 that contained significant mineralisation intersected in both the Fosters and Discovery lenses, as shown in the following table of assay results from historical drilling at Dry Creek.
This most recent news builds on other data that provides confidence in delineating extensions to existing mineralisation and/or new discoveries as exploration continues.
It is worth noting that nine of the 24 holes drilled in the 2018 program returned zinc equivalent grades in excess of 10% with three of these greater than 35% equivalent.
General Information Only
This material has been prepared by StocksDigital. StocksDigital is an authorised representative (CAR 000433913) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
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.
