White Rock Minerals (WRM.AX): Significant Increase in Zinc-Silver Resource, Red Mountain VMS Project, Alaska
With just 12 holes and a little over 3,000 metres of extra drilling, we have been able to double the size of the Dry Creek high-grade silver-zinc VMS deposit and Dry Creek.
The Red Mountain VMS project which includes Dry Creek and West Tundra Flats now has a global inferred resource of 21.3Mt @ 8.5% Zinc equivalent (1.8Mt of zinc eq.) or 393g/t of silver equivalent (207Moz of silver eq.).
This is as good as any on the ASX at the Junior end of the market.
This now equates to an impressive overall base metal and precious metal content with 822,000t zinc, 334,000t lead, 60.9 million ounces silver and 442,000 ounces gold.
As Quinton Hennigh opined:- “This is a project that could easily grow to become a world class, high grade VMS camp, purely organically with the drill bit”.
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