Ballarat,
Following completion of the merger of White Rock and
Key Highlights
-
o 197 or 60% of the 320 known historic primary gold mineral occurrences within the Walhalla Synclinorium.
o 95% of all historic gold production outside of the 3 major deposits (Walhalla, Morning Star & A1).
o 73 mineral occurrences with recorded production grades >10g/t gold,
Including 34 mineral occurrences >30g/t gold, and
Including 22 mineral occurrences >60g/t gold.
o Only 8 gold prospects have public records of previous drilling.
o Multiple historic mines with significant production have never been drilled.
o The majority of historic gold mining was restricted to levels above the water table, usually less than 100 metres vertically (except for the 3 major deposits: Walhalla, Morning Star & A1).
- White Rock has identified the Wallaby-Eldorado-
- Wallaby is a dyke bulge with similar width and quartz reef development to Morning Star and has never been drilled.
- The overall Wallaby-Eldorado-
- Historic production records indicate 24,000 ounces of gold was produced from the three mines with Eldorado recording production at a grade of 75g/t gold.
"The Walhalla Synclinorium is host to an estimated 6Moz of gold production, and White Rock controls a 660km2 tenement covering the core area. We are committed to systematically assessing our significant tenement package using modern exploration methods to identify targets with the potential to host million-ounce gold quartz reef deposits.
Our land package contains 197 of the 320 gold mineral occurrences recorded in the Synclinorium, with 73 gold deposits recording production at >10g/t gold, of which 34 are >30g/t. The majority of these have never been drilled with only 8 gold prospects in White Rock's exploration tenements having records of drilling.
As the first modern explorers on historically proven ground, we see great potential upside from this exploration program and look forward to progressing our plans during 2022, starting with the Wallaby-Eldorado-
The Company controls a 660km2 tenement land package that covers the core area of the Walhalla Synclinorium, host to an estimated 6Moz of gold production (Figures 1 and 2*). The land package contains 197 of the 320 primary gold mineral occurrences recorded in the Synclinorium, with 73 gold deposits recording production at >10g/t gold of which 34 are >30g/t. (Figure 3*). The majority of these have never been drilled with only 8 gold prospects in White Rock's exploration tenements having records of drilling (Figure 4*). White Rock plans to begin drill testing the highest priority historic prospects during 2022, with the Wallaby-Eldorado-
Wallaby-Eldorardo-
Work has also commenced planning orientation surface geochemistry and geophysics across known dyke bulges hosting gold mineralisation. Orientation data will then be used to design a systematic surface geochemistry and airborne geophysics program aimed at identifying new priority targets.
White Rock is committed to assessing the Walhalla Synclinorium using modern exploration methods not used at the
- Detailed airborne magnetics/electromagnetics (for direct dyke detection and detailed structural interpretation);
- Airborne LiDAR (Digital laser topographic mapping capable of identifying unknown historic workings);
- Stream geochemistry (sensitive precious metal analysis and dyke pathfinder elements); and
- Soil and rock geochemistry (sensitive precious metal analysis and dyke pathfinder elements).
Understanding the structural architecture with respect to the controls on mineralisation has been identified as a critical layer of knowledge to assist in identifying the highest priority targets with the potential to host the largest deposits in the Walhalla Synclinorium.
White Rock sees enormous potential for the discovery of a significant high-grade gold discovery based on:
- The proven existence of million-ounce gold deposits at
- The extensive distribution of high-grade gold mineral occurrences throughout White Rock's tenement land holding;
- The lack of historic exploitation below the water table; and
- The lack of exploration, historic and modern.
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/AW2880YS
About
Contact:
Phone: +61-3-5331-4644
Email: info@whiterockminerals.com.au
www.whiterockminerals.com.au
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