White Rock Minerals Ltd WRMCF

Primary Symbol: A.WRM

Metals & Mining Industrial Metals & Minerals

White Rock Minerals Limited is a mineral exploration, evaluation and development company. The Company consists of three operating segments and operates in three geographic locations, Mt Carrington-New South Wales, Australia, Woods Point-Victoria, Australia, and Red Mountain-Bonnifield, Alaska, United States of America. The Woods Point Gold project is situated approximately 180 kilometers (km) north-east of Melbourne, Victoria. Woods Point contains 660 square kilometers of prospective exploration ground. It contains the Morning Star gold mine, which comes with mining licenses, an operational shaft and winder, underground workings, and a gold processing plant. The Red Mountain project is located 100 km south of Fairbanks, in the Bonnifield Mining District. The Red Mountain project comprises two deposits at Dry Creek and West Tundra Flats. The Last Chance gold project is located within the Tintina Gold Province. It also includes the Mt Carrington Gold and Silver project.

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White Rock Minerals Ltd

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Post by alphaflighton Mar 16, 2022 3:50pm

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Post# 34519670

WRM Expands One of the World's Highest-Grade Ag-Zn Deposits

FRC: "WRM Further Expands One of the Highest-Grade Silver-Zinc Deposits in the World"

Hello Friends, Shareholders and Investors,

Fundamental Research Corp - Canada's largest independent research house - has updated their research on White Rock. They have now factored in the recent expansion of our high-grade silver-rich zinc VMS project at Red Mountain in Alaska, and our recent high-grade gold hits at Morning Star in Victoria, and reiterated their valuation of A$0.90 (versus last traded of $0.20).

The analysts, Sid Rajeev, B.Tech, CFA, MBA, and Nina Rose Coderis, BSc (Geology), wrote that:

"We believe Red Mountain’s resource is one of the highest-grade silver-zinc VMS deposits in the world", and on Morning Star that "Due to the project's existing infrastructure, White Rock should be able to put the project back into production quickly after delineating a resource".

You can access the report in full below.