A diversified exploration and near-term production company
White Rock Minerals Investor Presentation
Ballarat, Mar 21, 2018 AEST (ABN Newswire) - White Rock Minerals Ltd (
ASX:WRM) provides the Company's latest presentation.
The Investment Opportunity
- The Red Mountain Project is already a globally significant undeveloped zinc VMS Project - 12.9% ZnEq grade.
o However, there has been no modern exploration on this Project for over 10 years.
o A planned exploration campaign in 2018 aims to increase the known zinc - silver - lead - gold JORC resource.
o This exploration campaign also aims to discover further zinc - silver - lead - gold deposits at Red Mountain.
- This exploration program should generate high levels of news flow.
- There exists a strong potential for significant rerating when compared to our zinc and gold peer groups.
- White Rock offers geological, geographical and commodity diversification for investors - Australia and USA.
- Highly credentialed and highly regarded management team and board.
- White Rock also has a second 100% owned project - The Mt Carrington Gold First Stage Pre-Feasibility Study has been done, delivering a maiden Reserve and with the first 4 1/2 years of gold production from two pits already pre-stripped.
o and with 8 million ounces of silver classified as Indicated Resource to follow.
Commodity profile - what we are in to
- Zinc - in demand
- Silver - good upside growth potential
- Gold - important in any investment portfolio
- JORC Resources across our two projects total:-
o 693,000 ozs gold, 76.7M ozs silver,
o 678,000 t zinc, 286,000 t lead
To view the full presentation, please visit:
http://abnnewswire.net/lnk/1GNEV85T
About White Rock Minerals Ltd
White Rock Minerals Ltd (ASX:WRM) (OTCMKTS:WRMCF) is a diversified explorer and near-stage producer, headquartered in Ballarat, Victoria. The Company's flagship exploration project is Red Mountain in central Alaska. At Red Mountain, there are already two high grade zinc - silver - gold - lead VMS deposits, with an Inferred Mineral Resource of 9.1 million tonnes @ 609g/t AgEq / 13% ZnEq. The Company is also exploring its recently discovered large intrusion related gold anomaly at Last Chance, also located in the Tintina gold belt of Alaska, home to multi-million gold ounce deposits like Pogo, Fort Knox and the Donlin Project. The Company also has the Mt Carrington project, located near Drake, in Northern NSW, which is a near-production precious metals asset with a resource of 341,000 ounces of gold and 23.2 million ounces of silver on an approved mining lease, and with a Gold First PFS and JORC Reserve.
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