Exploration Update - Last Chance Gold Target Alaska
The initial field program is to undertake a comprehensive program of geological reconnaissance across the entire Last Chance gold anomaly, measuring 15km2 in area1. In conjunction with geological reconnaissance, a team of geologist samplers will undertake detailed soil geochemical sampling over the highly anomalous core area (>100ppb gold) defined by four contiguous first order stream catchments that extend over 3.5km of strike length east-west.
Field work commenced June 15 with the establishment of a camp at Healy. Field crews have now completed 12 active days in the field with two days lost due to weather preventing helicopter access. To date the majority of the core area of interest has been covered with 1,185 soils samples collected (Figure 1) and submitted to the laboratory for analysis. Overall a program of 3,000 soil samples is planned across the whole target area. As expected sampling is hampered by snow restricting access along gullies and north facing slopes but the summer thaw is progressing rapidly with systematic sample coverage on track for completion during July. In addition to systematic soil sampling, the geological reconnaissance team has collected and submitted 274 rock chip samples (Figure 2) to the laboratory for analysis. Results for these soil and rock chip samples from the laboratory are awaited.
Based on the successful definition of detailed targets from the geological reconnaissance and geochemical sampling, the Company is then planning to complete an initial 2,000m program of diamond core drilling commencing early August.
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About White Rock Minerals Ltd
White Rock Minerals Ltd (ASX:WRM) is a diversified explorer and near-stage producer, headquartered in Ballarat, Victoria. The Company's flagship exploration project is Red Mountain in central Alaska. At Red Mountain, there are already two high grade zinc - silver - gold - lead VMS deposits, with an Inferred Mineral Resource of 9.1 million tonnes @ 12.9% ZnEq for 1.1 million tonnes of contained zinc equivalent. The Company is also exploring its recently discovered large intrusion related gold anomaly at Last Chance, also located in the Tintina gold belt of Alaska, home to multi-million gold ounce deposits like Pogo, Fort Knox and the Donlin Project. The Company also has the Mt Carrington project, located near Drake, in Northern NSW, which is a near-production precious metals asset with a resource of 341,000 ounces of gold and 23.2 million ounces of silver on an approved mining lease, and with a Gold First PFS and JORC Reserve. White Rock Minerals is listed on the Australian Stock Exchange.
White Rock Minerals Ltd