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Drilling now underway at White Rock’s Alaskan zinc VMS project


Published 23-MAY-2018 11:44 A.M.


2 minute read

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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.

White rock red mountain newman creek

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.

White rock diamond drill

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.

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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.

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