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White Rock Minerals welcomes outperforming hedge fund as new substantial shareholder

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.

White Rock Minerals Ltd - White Rock Minerals welcomes outperforming hedge fund as new substantial shareholder
The company is well-funded to pursue an aggressive campaign at Last Chance with cash on hand at July 24 of $15.7 million

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.

Quick facts: White Rock Minerals Ltd

Price: 0.54 AUD

ASX:WRM
Market: ASX
Market Cap: $39.26 m
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White Rock Minerals crews return to Last Chance as company prepares to drill

White Rock Minerals (ASX: WRM) Managing Director Matt Gill joined Steve Darling with news the company is getting ready to start their 2020 drill program at the Last Chance project in Alaska. Gill shared with Proactive how many metres of drilling are expected and he also shares news about the...

on 30/6/20

2 min read