Joint Venture On Red Mountain Project In Alaska

 

AUSTRALIA - White Rock Minerals Limited and Sandfire Resources NL joint ventured to fund the exploration and development for new high-grade zinc and precious metals volcanogenic massive sulphide (VMS) deposits at Red Mountain Project in central Alaska. There are already two high grade deposits at the project with an Inferred Mineral Resource1 of 9.1 million tonnes @ 12.9% ZnEq2 for 1.1Mt of contained zinc equivalent. 

The Red Mountain Project includes a 475km2 tenement package covering numerous historic VMS prospects with little modern exploration, providing Sandfire and White Rock with a large strategic footprint over a potential new VMS district. 
Matt Gill, CEO said, “White Rock welcomes Sandfire as a joint venture partner that shares White Rock's vision for the exploration and development of our exciting Red Mountain Project.
Securing a high-quality partner with world leading expertise in the exploration and development of base metals projects is a strong endorsement to the quality and potential of our globally significant high-grade zinc VMS Red Mountain Project. 
The prospectively of the Red Mountain Project was well illustrated by last year’s field season activities that included drill hole results returning in excess of 17% zinc, 6% lead, 1,000 g/t silver, 6 g/t gold and 1.5% copper and the discovery of new massive sulphide mineralization at the Hunter prospect4, 5, 6. The 2019 field season promises more exciting results with plans for a modern airborne EM survey, ahead of a 24-man field camp being established with surface crews completing mapping, geochem sampling, CSAMT geophysics and drilling. 

The company’s address is PO Box 195, Ballarat, VIC 3353, Australia, 61.3.5331.4644, www.whiterockminerals.com.au.