White Rock Minerals Ltd (ASX: WRM, OTCQX: WRMCF) has recorded further exploration success with ongoing underground diamond drilling at the Morning Star underground gold mine at Woods Point in northeast Victoria, British Columbia. Australia, including 0.25 meter at 972 g/t gold.
The Company holds 660 square kilometers of granted exploration licenses on the Woods Point-Walhalla geosyncline between Jamieson and Walhalla, and two granted mining licenses covering the Morning Star gold mine and the Rose of Denmark prospects.
The area is approximately 120 kilometers east of Melbourne and close to infrastructure.
Particular success at Gap Zone
The company’s first pass drilling phase is now complete and there are promising results in the Gap Zone, an underexplored zone with 200 meters of vertical extent between historic mining zones that produced approximately 883 000 ounces of gold at 26.5 g/t.
This phase of first pass drilling of the Gap Zone saw approximately 5,380 meters in 26 drill holes completed from four drill cuddies located over its 600 meters of horizontal extent.
Two intersections returned over 700 g/t gold, and assay results have yet to be received for eight other holes.
A hole returned 0.25 meters at 972 g/t gold (31 ounces per tonne gold) in a quartz reef interval with abundant visible gold from the Achilles Reef in the Gap area.
Final fire assays for a drill hole in the Gap zone returned 740 g/t gold over a width of 0.4 metres.
Gap Zone target results include:
- 1 meter at 5.3 g/t gold from 151.5 meters;
- 0.2 meters at 972 g/t from 278.7 meters; and
- 0.3 meters at 5.9 g/t from 253.1 meters.
Drilling continues to return positive grades in the Dickenson South mining area, with results such as:
- 0.2 meters at 31.0 g/t gold from 58.1 meters; and
- 3.4 meters at 5.3 g/t from 62.2 meters.
Drilling of the Whitelaw target area also returned positive results, highlighting the area as a potential longer term mining target.
Recent results include 31.9 g/t gold over 1.1 metres.
The drilling targeted the southern extension of the mineralization in a relatively untested region of the reefs to the south of historical mining activities and the results confirmed the prospectivity of the reefs to the south.
White Rock’s recent drill program enabled the company to complete a structural geological review of the deposit, highlighting several underexplored prospect areas near existing mine infrastructure.
The proximity of the infrastructures allows drilling to be targeted in the short and medium term.
The company’s immediate goal is a low capital cost restart of gold production from multiple reef locations at the mine.
White Rock initiated drilling planning interpretation and monitoring in support of the advancement of underground development and pre-production activities at the mine.
The existence of an underground mine with infrastructure already in place, including a shaft, headframe and wind turbine, dewatering system and off-shaft development, with a gold processing plant already constructed, offers the company a fast track to gold production.