LINK to full News Release.
White Rock Minerals Ltd (ASX:WRM) Second Drill Rig Commences Testing New VMS
Targets, Alaska
Ballarat, Australia, June 8, 2021 - (ABN Newswire) - White Rock Minerals Ltd
(ASX:WRM) (OTCMKTS:WRMCF) announce the second of three diamond drill rigs has
commenced drilling at the Company's 100% owned Red Mountain Project in central
Alaska.
The second drill rig will be drilling new volcanogenic massive sulphide (VMS)
targets identified throughout the Red Mountain VMS and Last Chance VMS target
areas within the greater Red Mountain Project area. Approximately 3,600 metres
of drilling is planned to test these new VMS targets.
o Targets include high priority conductors in the area near the existing VMS
deposits at Dry Creek and WTF, and a number of newly identified prospects with
exposed VMS mineralisation at Last Chance.
The two high-grade silver-rich zinc deposits (Dry Creek and WTF) already
deliver an Inferred Mineral Resource of 9.1 million tonnes @ 157g/t silver,
5.8% zinc, 2.6% lead and 0.9g/t gold for a grade of 609g/t AgEq, alternatively
for a grade of 13.2% ZnEq.
The second diamond drill rig has commenced its first drill hole (DC21-98) and
is testing a blind conductor beneath Tertiary cover. The conductor is
interpreted to be positioned in a favourable part of the stratigraphy being
the along strike extension of the Dry Creek mineralisation to the west and the
WTF mineralised horizon to the north of the synform fold hinge.
The first drill rig commenced late-May and is dedicated to drilling the
down-dip potential at the Dry Creek silver-rich zinc VMS deposit where seven
(7) drill holes for 3,800 metres are planned to test at nominal 200m metre
step-out positions along the full 1,200 metres of strike length extent of the
deposit.
The third diamond drill rig will be dedicated to testing the large Last Chance
gold target and is scheduled to commence drilling in mid-June.
Altogether the Company plans to complete over 10,000 metres of diamond
drilling this field season across its 800km2 land package that makes up its
Red Mountain Project. The Company is exploring for Intrusion Related Gold
System (IRGS) mineralisation and high-grade silver-zinc-gold-lead volcanogenic
massive sulphide (VMS) deposits.
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/234U7U1E
