High-grade gold find in northern NSW

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 08 Jul 2013   Posted by admin


A seven-hole drill program completed by Australian explorer White Rock Minerals in April has produced substantial gold mineralisation results. Drilling has reinforced evidence of gold within the company’s emerging Red Rock prospect, at the Mt Carrington gold-silver project in north eastern NSW.
The program was designed to infill drilling gaps within known mineralisation zones, to firm up existing data on the geological model. To date, 17 of the 23 holes drilled have been assessed to hold promising gold quantities at easily accessible depths.
The newest test drills were also exploratory in nature, testing for gold vein continuance, particularly within the northerly mineralisation belt, Deadman’s Zone. This zone remains open to the north.
The assays conducted from the newest diamond drilling have returned promising results, including 16m at 2.1g of gold per tonne from 49m, with 4m at 6.9g of gold per tonne from 59m, and 1m at 18.1g of gold per tonne from 59m; and
6m at 2.9g of gold per tonne from just 30m, including 1m at 11.7g of gold per tonne from 34m.
White Rock managing director Geoffrey Lowe stated his satisfaction with the new results, with the company planning to continue exploration in the latter half of 2013 to fully define the resource in the Mt Carrington area.
“The latest results from Red Rock are particularly encouraging, and support the definition of a robust and shallow gold zone,” He said.
“The presence of high grade gold in discrete zones in the current holes augurs well for the upcoming resource estimation.
“Further work to investigate the extent of these high grade gold structures is planned for the second half of this year.”
There is also substantial existing infrastructure near the prospect, including a water treatment plant, a sealed road, and nearby rail and port access.