White Rock Minerals Ltd (ASX:WRM, OTCQX:WRMCF) earn-in partner Thomson Resources has confirmed the presence of base metal mineralisation at the Mt Carrington Project in northern New South Wales with geotechnical holes drilled on the margin of the gold-optimised pit shells at Strauss and Kylo.
The two companies recently re-negotiated their earn-in agreement and option to joint venture (JV), restructuring the agreement to move away from a gold-first development strategy to focus on the larger-scale polymetallic opportunity at Mt Carrington.
Polymetallic potential
Seven holes were drilled by Thomson prior to the re-negotiation as part of developing a definitive feasibility study for the project in a gold-first context.
Three of the short diamond holes were drilled on the margins of the optimised Kylo open pit, two on the margin of the Strauss open pit and two at Kylo West.
Logging of samples from the Kylo and Strauss pit drill holes revealed broad zones of alteration with quartz veining host to zinc sulphide (sphalerite), lead sulphide (galena) and copper sulphide (chalcopyrite).
The mineralised intervals have been cut and sampled and Thomson will submit them to the laboratory for gold and base metal analysis. No assay results are currently available.