White Rock Minerals Ltd Stock Market Press Releases and Company Profile
DJ Carmichael Research Note on High-Grade Zinc VMS Project
DJ Carmichael Research Note on High-Grade Zinc VMS Project

Ballarat, Feb 13, 2018 AEST (ABN Newswire) - White Rock Minerals Ltd (googlechartASX:WRM) ("White Rock" or the "Company") wishes to advise that DJ Carmichael ("DJC") has released an updated research note on the 2018 Exploration strategy planned for the Company's globally significant Red Mountain Zinc - Silver VMS Project.

MD&CEO Matt Gill said "The Company is very excited about the potential for its globally significant high-grade Zinc VMS Project at Red Mountain and the progress it has made with the Pre-Feasibility Study ("PFS") at the Mount Carrington Gold - Silver Project.

The Company announced its exploration strategy for Red Mountain prior to Christmas and planning for this is now well underway. The Company also released the positive findings from its Mt Carrington PFS around the same time.

The most recent independent valuation of the Red Mountain Project values the Red Mountain Zinc - Silver Project at A$52M, equivalent to 6 cents per White Rock share. This is not a value of the Company, but a value of the Red Mountain asset calculated by DJC.

The DJ Carmichael Report values the Mount Carrington Gold - Silver Project at A$17M, equivalent to 2 cents per White Rock share. This is not a value of the Company, but a value of the Mount Carrington asset calculated by DJC.

The DJ Carmichael Report values the combined Red Mountain Zinc - Silver and Mount Carrington Gold - Silver Projects at equivalent to 8 cents per White Rock share."

No New Information or Data

This announcement contains references to exploration results and Mineral Resource estimates, all of which have been cross-referenced to previous market announcements by the Company. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.

To view the research report, please visit:
http://abnnewswire.net/lnk/YTP7O7OR


About White Rock Minerals Ltd

White Rock Minerals Ltd

 White Rock Minerals Ltd (ASX:WRM) (OTCMKTS:WRMCF) 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 @ 609g/t AgEq / 13% ZnEq. 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.

https://www.linkedin.com/company/white-rock-minerals-ltd/ abnnewswire.com 


Contact

Matt Gill (MD & CEO)
Phone: +61-3-5331-4644
Email: info@whiterockminerals.com.au

Or
Shane Turner (Company Secretary)
Phone: +61-3-5331-4644
WWW: www.whiterockminerals.com.au



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