White Rock Minerals Ltd Stock Market Press Releases and Company Profile
High-Grade Zinc Exploration Activities Commence
High-Grade Zinc Exploration Activities Commence

Ballarat, May 10, 2018 AEST (ABN Newswire) - White Rock Minerals Ltd (googlechartASX:WRM) ("White Rock" or the "Company") is pleased to provide an update on its plans to conduct a comprehensive exploration program at its globally significant 100% owned zinc VMS project at Red Mountain in Alaska.

Mobilisation of personnel has been initiated with the first flight from Fairbanks landing into the Newman airstrip, adjacent to the summer field camp (see Figure 1 in link below). This first flight mobilised the crew to establish the camp in readiness for field operations anticipated to commence with two weeks. Over the next two weeks additional crews including the drillers and the field geological crew will continue to arrive in preparation for the drilling, geological reconnaissance and geochemical sampling programs.

It is expected that the geophysics crew (Zonge International) will arrive to commence their on-ground work in mid-June.

White Rock's exploration for the upcoming field season is planned to include:

- A targeted diamond drilling program aimed at in-fill and expansion of the high grade maiden Resource,

- On-ground orientation EM and possibly geochemistry exploration across the two already identified deposits,

- Regional application of the best geophysics and geochemistry exploration tools determined from the on-ground orientation work, and

- A follow-up diamond drilling program on the best of the more than 30 already identified exploration targets.

The drilling campaign will aim 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% ZnEq (see Note below) including a high-grade component of 9.1Mt @ 12.9% ZnEq (see Note below) (refer ASX announcement 26 April 2017 regarding the maiden Mineral Resource).

This drilling is aimed to follow-up on drilling last done in the 1990s, which included

68.9m @ 4% Zn, 1.8% Pb, 58g/t Ag and 0.3g/t Au (DC98-60),

36.1m @ 6.2% Zn, 2.5% Pb, 183g/t Ag and 1g/t Au (DC98-40) and

12.5m @ 12.5% Zn, 5.5% Pb, 160g/t Ag and 1.1g/t Au (DC97-04).

(refer ASX Announcement dated 15 February 2016 "White Rock Minerals proposes to acquire VMS project in Alaska".)

MD & CEO Matt Gill said "A lot of preparation has gone into planning for the commencement of field activities as early as possible in the 2018 field season. It is great to see all the hard work coming together as field crews begin to mobilise with first drilling expected to be underway within two weeks. There is a real sense of anticipation that the on-ground geochemistry and geophysics teams, combined with drill testing could yield additional high grade zinc deposits that catapult the project to the next stage and realise White Rock's aspiration to develop a new mine. This is an exciting time for White Rock".

Note: ZnEq = Zinc equivalent grades are estimated using long-term broker consensus estimates compiled by RFC Ambrian as at 20 March 2017 adjusted for recoveries from historical metallurgical test work and calculated with the formula: ZnEq =100 x [(Zn% x 2,206.7 x 0.9) + (Pb% x 1,922 x 0.75) + (Cu% x 6,274 x 0.70) + (Ag g/t x (19.68/31.1035) x 0.70) + (Au g/t x (1,227/31.1035) x 0.80)] / (2,206.7 x 0.9). White Rock is of the opinion that all elements included in the metal equivalent calculation have reasonable potential to be recovered and sold.

To view figures, please visit:
http://abnnewswire.net/lnk/KO7UH25Q


About White Rock Minerals Ltd

White Rock Minerals Ltd

 White Rock Minerals Ltd (ASX:WRM) (OTCMKTS:WRMCF) is a diversified explorer and near-stage producer, headquartered in Ballarat, Victoria. The Company's flagship exploration project is Red Mountain in central Alaska. At Red Mountain, there are already two high grade zinc - silver - gold - lead VMS deposits, with an Inferred Mineral Resource of 9.1 million tonnes @ 609g/t AgEq / 13% ZnEq. The Company is also exploring its recently discovered large intrusion related gold anomaly at Last Chance, also located in the Tintina gold belt of Alaska, home to multi-million gold ounce deposits like Pogo, Fort Knox and the Donlin Project. The Company also has the Mt Carrington project, located near Drake, in Northern NSW, which is a near-production precious metals asset with a resource of 341,000 ounces of gold and 23.2 million ounces of silver on an approved mining lease, and with a Gold First PFS and JORC Reserve.

https://www.linkedin.com/company/white-rock-minerals-ltd/ abnnewswire.com 


Contact

Matt Gill (Managing Director & Chief Executive Officer)
Or Shane Turner (Company Secretary)
Phone: +61-3-5331-4644
Email: info@whiterockminerals.com.au
WWW: www.whiterockminerals.com.au



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