White Rock Minerals Ltd Stock Market Press Releases and Company Profile
Quarterly Activities and Cashflow Report
Quarterly Activities and Cashflow Report

Ballarat, July 30, 2018 AEST (ABN Newswire) - White Rock Minerals Ltd (googlechartASX:WRM) provides the Company's Quarterly Activities Report for the quarter ended 30 June, 2018.

Significant Points

- Exploration at the Red Mountain high-grade zinc VMS project underway,

- Initial geophysics and drilling results encouraging,

- Equity Placement and Rights Issue funding successfully completed,

- Subsequent to Quarter end, Sandfire Resources became a cornerstone investor and entered into a strategic relationship with the Company.

MD & CEO Matt Gill said "The Company got off to a great start with its onground exploration field program for 2018 - our first in Alaska. After significant preparation and mobilisation over winter, we have had a crew of approximately 20 personnel on the ground since May. Ably lead by the team at NAI, based out of Fairbanks, we have had a reconnaissance mapping and geochemical sampling crew, working in conjunction with our geophysics team, to identify step-out targets for follow-up drilling. We have had great success with the initial drilling in and around the two known deposits, yielding two of the best intersections seen on this field; that drilling extending the high-grade Fosters and Discovery Lenses and highlighting the exceptional growth potential as that mineralisation remains open.

Using advanced mapping, geochem and geophysics techniques, never before applied to this VMS field, we are now testing away from the known deposits, to build-up our more regional knowledge base and to test the many co-incident geochemical and geophysical anomalies identified from historical and current information. To date, we have mapped some 30 square kilometres of terrain (out of our 143kms2 tenement package), taken over 1,000 soil and rock samples, run over 24 line kilometres of geophysics and drilled 9 holes for 1,639 metres. We are hopeful this work will lead to the next exciting discovery."

To view the full report with tables and figures, please visit:
http://abnnewswire.net/lnk/K4W0392O


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

Matthew Gill (Managing Director & CEO)
Phone: +61-3-5331-4644

Shane Turner (Company Secretary)
Phone: +61-3-5331-4644
Email: info@whiterockminerals.com.au
Website: www.whiterockminerals.com.au



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 5) (Last 30 Days: 28) (Since Published: 4569)