viewWhite Rock Minerals Ltd

White Rock Minerals has diamond drill spinning in first-ever campaign at Last Chance gold target in Alaska

The first phase of drilling has begun targeting the broadest and most-developed zones of gold identified from surface geochemical sampling completed during June and July.

White Rock Minerals Ltd - White Rock Minerals begins Last Chance gold target drilling in central Alaska
The first ever drill hole at Pickle prospect of the large Last Chance gold target

White Rock Minerals Ltd (ASX:WRM) has started diamond drilling in the first-ever drill campaign at Last Chance gold target, which is part of the wider Red Mountain Project in central Alaska. 

The maiden drilling program will target the broadest and most developed zones of gold and pathfinder geochemical anomalism identified from the surface geochemical sampling completed during June and July.

Assay results from the sampling include 77.5 g/t gold and 4,580 g/t (147oz/t) silver in rock chip samples and up to 7.1 g/t gold in soil samples.

Two-stage approach

The first priority is to test immediate targets for the potential of shallow economic gold mineralisation associated with robust hydrothermal silica breccia bodies and associated quartz veining.

Secondly, the drill program will include a series of deeper holes designed to follow leakage vectors downward to test for potentially high-grade gold mineralisation at depth.

Last Chance targets

Systematic soil sampling has defined an extensive zone of anomalous gold, arsenic and to lesser extent antimony throughout the core target area, which appears closely associated with hydrothermal silica breccias and associated veins.

White Rock believes these breccias and veins are a high-level expression of a deeper gold system.

The best defined of these are centred on the Sidewinder West and Pickle areas, which will be the focus of initial drilling testing for both shallow mineralisation as well as somewhat deeper feeder structures beneath.

At the Sidewinder West area, a strongly anomalous soil sample cluster includes assay results of 7.1 and 2.2 g/t with each of these high gold soil clusters potential high-priority drill targets.

White Rock is well-funded to pursue an aggressive campaign at Last Chance with cash on hand at July 24 of $15.7 million.

Quick facts: White Rock Minerals Ltd

Price: 0.57 AUD

Market: ASX
Market Cap: $41.44 m

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