White Rock Minerals (ASX: WRM) has intercepted high grade silver at a new prospect close to the company’s 730,000 ounce gold equivalent Mt Carrington Project in New South Wales.
Initial drilling at the Mozart prospect returned a peak intercept of 10 metres at 248 grams per tonne (g/t) silver within a broader intersection of 33 metres at 97g/t silver from 154.5 metres. Follow up drilling is planned at the prospect this quarter.
Mozart is located 250 metres from the Silver King prospect and 800 metres from the Lady Hampden silver gold prospect. The deposit is one of 10 near mine and regional exploration targets that will be drilled in 2012.
Drilling has also commenced at the historical Red Rock prospect, 15 kilometres north of the central Mt Carrington Leases, which has potential for high grade gold, silver and copper.
The first diamond core hole at Red Rock has intersected a broad alteration zone of intermittent sulphide mineralisation down to 250 metres depth, the deepest hole drilled at Red Rock. Assays are pending.
In addition to its exploration program, White Rock is carrying out Conceptual Scoping Studies on the shallow resource base, with the aim of providing parameters for processing and mining options.
These studies will be followed by a Feasibility Study in 2013 as the company works towards development in 2014.
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