June 2019 Quarterly Activities & Cashflow Report
- Fully funded exploration programme commenced at the Company's Red Mountain high-grade zinc and precious metals project.
- Funding for the Red Mountain exploration program increased by A$2M above the minimum contribution required under the Joint Venture with Sandfire Resources, to now total A$8M for 2019.
- A 25-person camp re-established and crews mobilised to site, with exploration activities including on-ground recon, sampling, mapping and geophysics.
- Drilling has commenced and is focused on testing new targets with the potential to yield a significant discovery that will support a greenfields development scenario.
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About White Rock Minerals Ltd
White Rock Minerals Ltd (ASX:WRM) 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 @ 12.9% ZnEq for 1.1 million tonnes of contained zinc equivalent. 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. White Rock Minerals is listed on the Australian Stock Exchange.
White Rock Minerals Ltd
Sandfire Resources NL