- White Rock Minerals (WRM) intersects up to 140 grams per tonne (g/t) gold at the Exhibition Reef area of its Morning Star underground gold mine in Victoria
- The company is currently identifying and addressing areas with the potential to host multiple high-grade gold quartz reefs close to existing underground developments
- The high-grade gold intersection at Exhibition Reef supports the belief that the mineralisation may extend beyond the historical stoping
- Shares in White Rock are up 8 per cent and are trading at 13.5 cents at 12:59 pm AEST
White Rock Minerals (WRM) has intersected up to 140 grams per tonne (g/t) gold at the Exhibition Reef area of its Morning Star underground gold mine in Victoria.
The company is currently in the process of identifying and addressing areas with the potential to host multiple high-grade gold quartz reefs close to existing underground developments.
The aim of this is the restart of gold production from multiple reef locations.
One such area is the Dickenson South target, which has multiple high-grade gold-bearing reefs.
A surface drill rig has completed a drilling program which aided in the assessment of near-term development and production potential for further working areas close to the Main Shaft.
A total of 29 diamond holes were drilled at Dickenson South to test the Age of Progress, Exhibition, Whitelaw, Shamrock, Dickenson and Stacpoole reefs.
Results have been encouraging with multiple high-grade intersections returned from various reefs.
New results have come from the Exhibition Reef and include 0.5 metres at 51.6 g/t gold including 0.2 metres at 140 g/t gold, as well as 0.4 metres at 35.9 g/t gold and 0.4 metres at 21.2 g/t gold.
These results support the belief that the mineralisation may extend beyond the historical stoping.
White Rock is now assessing the potential for five gold production working areas to restart mining at the Dickenson, Exhibition, McNally, Whitelaw, Age of Progress and Stacpoole reefs.
Shares in White Rock were up 8 per cent and were trading at 13.5 cents at 12:59 pm AEST.