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White Rock Minerals (ASX: WRM)

White Rock Minerals (ASX: WRM) has just released its Maiden JORC Resource for its Red Mountain zinc-silver project in the very mining friendly jurisdiction of Alaska.

WRM now holds a project in the top quartile of undeveloped high-grade VMS (zinc, silver, gold) deposits globally.

When you consider that this is one of the highest-grade VMS zinc – silver – lead – gold deposits of any of its peers, and there are still 30 lookalike targets to be tested, WRM could be considered undervalued at its current market cap of just $13 million.

More field work is now planned at Red Mountain following encouraging results, at zones exhibiting the same signatures as the two zones already drilled, meaning plenty of newsflow to come in the coming months.

WRM also has a gold project in NSW – the Mt Carrington Gold Project – that is showing positive signs for the company, where it is currently advancing the DFS and Environmental Impact Statement.

Results from WRM’s, now completed, most recent round of drilling at Mt Carrington are due shortly.

The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

With a fully funded construction financing package agreed upon, around $20 million worth of infrastructure in place, and a recent round of targeted drilling completed at Mt Carrington, it’s all system go at its Australian project.

 

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Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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