Meta Pixel

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.

Register Interest

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.

Register Interest

 

Capital Insights
Capital Flight or Policy Oversight? The $180M Seismic Shift Threatening Australian Innovation

A formal Senate submission by Wholesale Investor / CapitalHQ details the alarming real-world reactions of 260 founders and investors to proposed federal tax changes. With 91% of sophisticated investors scaling back local allocations and over $180M already paused or redirected offshore, the report warns of a structural funding crisis threatening the future of Australian deep tech, private equity, and startup innovation.

Capital Insights
The Yield Illusion: Inside RAM’s Strategy to Withstand the Credit Shakeout

As interest rates reprice in 2026, the rush into private credit has created a dangerous trap for yield-hungry investors. Real Asset Management Group CEO Scott Kelly exposes the “yield illusion” dominating the market and explains why an origination-led, low-arrears mortgage strategy is the ultimate defense against an impending credit shakeout.

Capital Insights
Office sector ‘unloved’ no more: Acure’s $80m Brisbane bet

While institutional investors remain wary of the office sector, Acure Asset Management is doubling down. Founder Angelo Del Borrello explains the “unloved” asset strategy behind his latest $80 million Brisbane acquisition and why the 2032 Olympics are creating a unique arbitrage opportunity for private syndicates.

Join over 45,000+ sophisticated investors

Join Now