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White Rock Minerals Ltd (ASX:WRM) Exploration Update - Last Chance Gold Target Alaska

on 7/1/2020
White Rock Minerals Ltd (ASX:WRM) is pleased to provide an update on its exploration program at the Last Chance Gold Prospect, located within its 100% owned Red Mountain Project in central Alaska.

The initial field program is to undertake a comprehensive program of geological reconnaissance across the entire Last Chance gold anomaly, measuring 15km2 in area1. In conjunction with geological reconnaissance, a team of geologist samplers will undertake detailed soil geochemical sampling over the highly anomalous core area (>100ppb gold) defined by four contiguous first order stream catchments that extend over 3.5km of strike length east-west.

Field work commenced June 15 with the establishment of a camp at Healy. Field crews have now completed 12 active days in the field with two days lost due to weather preventing helicopter access. To date the majority of the core area of interest has been covered with 1,185 soils samples collected (Figure 1) and submitted to the laboratory for analysis. Overall a program of 3,000 soil samples is planned across the whole target area. As expected sampling is hampered by snow restricting access along gullies and north facing slopes but the summer thaw is progressing rapidly with systematic sample coverage on track for completion during July. In addition to systematic soil sampling, the geological reconnaissance team has collected and submitted 274 rock chip samples (Figure 2) to the laboratory for analysis. Results for these soil and rock chip samples from the laboratory are awaited.

Based on the successful definition of detailed targets from the geological reconnaissance and geochemical sampling, the Company is then planning to complete an initial 2,000m program of diamond core drilling commencing early August.

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For further information, contact:
Matthew Gill or Shane Turner
Phone: +61-3-5331-4644

For Media and Broker queries:
Peta Baldwin
Phone: +61-455-081-008
Cannings Purple

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