- White Rock Minerals (WRM) receives assays from work undertaken at the Red Mountain project in Alaska, which it says confirms high-grade mineralisation
- Rock chip sampling was undertaken across the recently discovered Kiwi and Jack Frost prospects, located at the Keevy VMS trend
- Assays peaked at 16 per cent copper, 14 per cent zinc and 20 per cent lead mineralisation with silver up to 316 g/t and gold up to 2.8 g/t associated with massive sulphides
- The company has identified a 400-metre-long conductor that it plans to immediately drill test once field operations recommence in 2022
- Shares have been trading steady at 29.5 cents
White Rock Minerals (WRM) has received assays from work undertaken at the Red Mountain project in Alaska, which it said confirms high-grade mineralisation.
Rock chip sampling was undertaken across the recently discovered Kiwi and Jack Frost prospects, which are both located along the newly identified Keevy volcanogenic massive sulphide (VMS) trend.
Assays from both prospects peaked at 16 per cent copper, 14 per cent zinc and 20 per cent lead, with grades of silver up to 316 grams per tonne (g/t) and gold up to 2.8 g/t associated with massive sulphides.
According to Crescat Capital’s Geologic and Technical Advisor, Dr Quinton Hennigh, the high-grade nature of the samples at the trend indicates potential for multiple VMS deposits similar to high-grade deposits nearby.
In addition to the company’s prospecting activities over the 2021 field season, an acquired fixed loop electromagnetic geophysical survey at the Kiwi prospect was processed and modelled.
From this work, WRM said it identified a strong and discrete 400-metre-long conductor roughly 150 metres below surface, proximal to rock chip float samples.
The company has marked this as a high priority target for immediate drill testing once field operations recommence in 2022.
With the massive sulphide mineralisation at surface and proximal to a strong EM conductor signal, Dr Hennigh sees potential for a discovery at Kiwi.
Shares in White Rock Minerals were trading flat at 29.5 cents each as of 2:34pm AEDT.