News and Announcements
White Rock Minerals (ASX: WRM, OTCQX: WRMCF) hits 140g/t gold in the Exhibition Reef at the Morning Star Gold Mine, Victoria
- Published July 08, 2022 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
White Rock Minerals Limited (ASX: WRM; OTCQX: WRMCF) is pleased to provide an update on surface drilling assay results from the Dickenson South target area at the Morning Star underground Gold Mine in northeast Victoria. This target area, between the surface and 6 Level, is within 100 metres of the existing shaft and accessible from multiple levels.
White Rock’s primary objective at the Morning Star Gold Mine is a low capital cost restart of gold production from multiple reef locations. The Company seeks to achieve this by identifying and drilling areas of the dyke with the potential to host multiple high-grade gold quartz reefs proximal to existing underground development infrastructure.
The Dickenson South target area is one such primary target with multiple high-grade, gold-bearing reefs. The surface drill rig has now completed a program of drill holes that assisted in the assessment of near term development and production potential for further working areas close to the Main Shaft; the Age of Progress Reef and Stacpoole Reef accessed via 2 Level and the Dickenson Reef and the Exhibition Reef that can be accessed via 4 Level.
Key Highlights:
Drill hole 22SDS012A returns 0.5 metres at 51.6g/t gold, including 0.2 metres at 140g/t gold at the Exhibition Reef at the Morning Star Underground Gold Mine, Victoria.
The Exhibition Reef is a parallel mineralised quartz structure above the Dickenson Reef at the southern end of the mine where development is underway ahead of a mining restart.
Exhibition Reef’s “high-grade” gold target area is potentially more than 100m in strike length and up to 40m down-dip.
Multiple mineralised intercepts through the Exhibition Reef provide encouragement that this area, close to the shaft and existing development between 3 Level and 4 Level, will provide an additional ore source once mining recommences.
White Rock will use current development on the Dickenson Reef to develop an exploration rise into the Exhibition Reef to confirm its potential for near term mining.
Recent drill intersection assay results from the Exhibition Reef include:
- 0.5 metres at 51.6g/t gold in 22SDS012A including 0.2 metres at 140g/t gold (true width).
- 0.4 metres at 35.9g/t gold in 22SDS015 (true width).
Assay results are pending for holes 22SDS019 to 22SDS022.
The Exhibition Reef is one of five potential gold production areas at Morning Star Gold Mine, with gold mining on track to restart in Q3 of 2022.
White Rock intercepted 621g/t gold at the Gap Zone at Morning Star last month.
Company Updates
The asset class where the market has no vote
Litigation funding returns are decided in a courtroom, not a cycle. Knightsbridge’s Head of Capital is careful to call that a different risk rather than a lower one, and his answer to it is spread, not concentration. Most alternative assets still answer to something. Property answers to rates. Private credit answers to defaults. Even the […]
The listing fee vendors pay whether the house sells or not
Australia’s property portals collect more than $2 billion a year while national listings sit flat. An Australian-built AI platform is targeting the economics, not just the interface. An Australian vendor listing a home pays a vendor-paid advertising fee on top of agency commission. Rama Dwarapudi, Founder and Chief Executive Officer of RealSearch, puts a typical […]
Reinventing the Condom: How an Australian Deep-Tech Startup Plans to Disrupt a $12 Billion Market
For more than half a century, the global condom industry has remained fundamentally unchanged, constrained by standard materials like latex and solid synthetic polymers. Despite widespread consumer demand for better alternatives, product design has treated the device strictly as a mechanical barrier, sacrificing feel for function. Sydney-based Eudaemon Technologies is setting out to upend that […]
Backed By Leading Investment Groups and Family Offices
