White Rock Minerals Ltd (ASX:WRM) has a new substantial shareholder in Crescat Global Macro Master Fund which has accumulated a 9.39% interest.
The Crescat Capital managed hedge fund invests long and short around the world to take advantage of opportunities in any asset class.
Crescat’s strategy exploits both cyclical and secular macro themes throughout global equity, commodity, currency, and fixed income markets.
White Rock recently 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.