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White Rock Minerals poised to take rejuvenated company forward with a wider shareholder base after an eventful year

White Rock Minerals Ltd (ASX:WRM) (OTCMKTS:WRMCF) is in excellent shape to take on the 2020/2021 financial year with a considerably wider and more international shareholder base.

The company has a significant JORC 2012 resource base in gold, silver and zinc, which represent a great opportunity for growth and value creation.

It has some 76 million ounces of silver, 700,000 ounces of gold, 678,000 tons of zinc and 286,000 tons of lead contained in indicated and inferred categories between its Red Mountain Project in Alaska, which includes the Last Chance prospect and Mt Carrington Project in northern New South Wales.

“Promise of more success”[hhmc]
A joint statement from chairman Peter Lester and Matthew Gill said: “We are well funded, have an exciting new gold prospect at Last Chance, have a robust and high-value PFS completed for Mt Carrington and the promise of more success at the Red Mountain VMS.”

“We now have a considerably wider and more international shareholder base from whi..

White Rock Minerals Ltd (ASX:WRM) (OTCMKTS:WRMCF) is in excellent shape to take on the 2020/2021 financial year with a considerably wider and more international shareholder base.

The company has a significant JORC 2012 resource base in gold, silver and zinc, which represent a great opportunity for growth and value creation.

It has some 76 million ounces of silver, 700,000 ounces of gold, 678,000 tons of zinc and 286,000 tons of lead contained in indicated and inferred categories between its Red Mountain Project in Alaska, which includes the Last Chance prospect and Mt Carrington Project in northern New South Wales.

“Promise of more success”


A joint statement from chairman Peter Lester and Matthew Gill said: “We are well funded, have an exciting new gold prospect at Last Chance, have a robust and high-value PFS completed for Mt Carrington and the promise of more success at the Red Mountain VMS.”

“We now have a considerably wider and more international shareholder base from which to take a rejuvenated White Rock Minerals forward.”

White Rock Minerals Ltd (ASX:WRM) (OTCQX:WRMCF) shares are now trading on the US-based OTCQX Best Market, the highest market tier of OTC Markets on which 11,000 US and global securities trade.

Trading on US bourse


White Rock Minerals shares are now trading on the US-based OTCQX Best Market, under the ticker symbol of WRMCF.

The US listing is expected to enhance White Rocks focus on the high-grade zinc-silver-gold-lead VMS and IRGS project at Red Mountain.

It is also an important step in the growth aspirations for the company following the strong interest shown by North American investors in a recent equity raising and trading on the ASX, as well as to raise awareness about the companys high-grade silver-zinc-gold-lead VMS and gold IRGS project.

Red Mountain Project

The Red Mountain drilling season in 2019 was focussed on step-out drilling to find additional mineralised VMS lodes to add to the known West Tundra Flats and Dry Creek Resources.

Although results were technically interesting, no potential new lodes were identified, but further drill targets still remain to be tested.

Importantly, the final drill hole of the 2019 season was drilled beneath the known Dry Creek Resource and had success in identifying potential for a major down-dip and possibly along strike extension.

The beginning of 2020 saw the withdrawal of JV partner, Sandfire Resources, from the Red Mountain JV, although the timing coincided with the identification and announcement of the significant new Last Chance gold prospect discovery west of Red Mountain.

With this gold discovery, White Rock Minerals moved quickly to ensure it maintained its large and strategic land holding of about 798 square kilometres.

“With record gold prices and strong market enthusiasm, our focus has been to pursue the Last Chance gold opportunity and this continued throughout the 2020 field season,” the company said.

The promising VMS work will be taken up again as funding permits.

Mt Carrington


The company raised $15 million by July 2020 on the back of record gold prices, increasingRead More – Source

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Australia

Argonaut Resources directors show faith in company by participating in oversubscribed SPP

Argonaut Resources NL (ASX:ARE) directors have demonstrated their faith in the company’s copper-zinc strategy by participating in the recently closed share purchase plan (SPP).

Independent non-executive chairman Patrick Elliot purchased more than 4.465 million shares at 0.55 cents per share in an indirect interest.

He now holds 5,876,159 shares in that interest with another 20,324,574 held in a separate indirect interest.

Independent non-executive chairman Malcolm Richmond acquired more than 5.454 million shares in a direct interest, increasing the number held in this interest to almost 15 million with another 1 million held in an indirect interest.

Overwhelming response to SPP[hhmc]
The company was overwhelmed by the response to its SPP which closed early and more than twice oversubscribed with the target subsequently increased to $2.5 million from $1.2 million.

Subscriptions in excess of $3 million were received and as a result, the SPP was closed with immediate effect.

Money ..

Argonaut Resources NL (ASX:ARE) directors have demonstrated their faith in the company’s copper-zinc strategy by participating in the recently closed share purchase plan (SPP).

Independent non-executive chairman Patrick Elliot purchased more than 4.465 million shares at 0.55 cents per share in an indirect interest.

He now holds 5,876,159 shares in that interest with another 20,324,574 held in a separate indirect interest.

Independent non-executive chairman Malcolm Richmond acquired more than 5.454 million shares in a direct interest, increasing the number held in this interest to almost 15 million with another 1 million held in an indirect interest.

Overwhelming response to SPP


The company was overwhelmed by the response to its SPP which closed early and more than twice oversubscribed with the target subsequently increased to $2.5 million from $1.2 million.

Subscriptions in excess of $3 million were received and as a result, the SPP was closed with immediate effect.

Money raised under this SPP and from the recently completed $2.7 million share placeRead More – Source

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Australia

Strickland Metals shares jump 39% ahead of drilling base metal target near DeGrussa

Strickland Metals Ltd (ASX:STK) shares surged 39% today ahead of its maiden drilling program at the Doolgunna Project, which will include a diamond drilling program that is likely to begin by the end of this month.

As a part of the program, a minimum of four diamond holes will be drilled to a depth of 500 metres to test a VMS target similar to the nearby DeGrussa deposit of Sandfire Resources (ASX:SFR).

Heritage survey[hhmc]
Exploration activity has recommenced on the Doolgunna Project following completion of heritage surveys to allow land access to areas where the company wishes to complete exploration drilling.

The target for drilling is a compelling base metal prospect that exhibits geological characteristics that are interpreted to be similar to Sandfire Resources’ DeGrussa deposit about 30 kilometres to the east of the project.

The prospect has a 3-kilometre-long electromagnetic conductor that lies below an outcropping copper-zinc gossan that has been mapped over a 1.2-kilomet..

Strickland Metals Ltd (ASX:STK) shares surged 39% today ahead of its maiden drilling program at the Doolgunna Project, which will include a diamond drilling program that is likely to begin by the end of this month.

As a part of the program, a minimum of four diamond holes will be drilled to a depth of 500 metres to test a VMS target similar to the nearby DeGrussa deposit of Sandfire Resources (ASX:SFR).

Heritage survey


Exploration activity has recommenced on the Doolgunna Project following completion of heritage surveys to allow land access to areas where the company wishes to complete exploration drilling.

The target for drilling is a compelling base metal prospect that exhibits geological characteristics that are interpreted to be similar to Sandfire Resources’ DeGrussa deposit about 30 kilometres to the east of the project.

The prospect has a 3-kilometre-long electromagnetic conductor that lies below an outcropping copper-zinc gossan that has been mapped over a 1.2-kilometre strike.

Diamond core drilling


The company plans to start the diamond core drilling by the end of this month.

A multi-purpose drill rig has been contracted to enable the minimum planned program wRead More – Source

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Australia

Pan Asia Metals has positive discussions on plans for Thai lithium project

Pan Asia Metals Ltd (ASX:PAM) has had positive discussions with authorities in Phang Nga Province, Thailand, including the provincial government, for its Reung Kiet Lithium Project.

PAM has submitted a presentation covering all aspects of the project including methods of ongoing exploration, conceptual mining and concentrate production, and the potential for downstream value-adding industries in Phang Nga and Thailand.

The presentation and subsequent discussions were aimed at assisting Phang Nga Provincial Government in their considerations for the proposed mining and industrial development areas.

Provincial Government discussions[hhmc]
Pan Asia was recently invited by the chief executive officer of the Phang Nga Provincial Administrative Organisation (PAO), a Phang Nga Provincial Government coordinating body, to represent PAM and the Reung Kiet Lithium Project.

The meeting was also attended by the head of Phang Nga Provincial Industry along with the representatives of the Phang Ng..

Pan Asia Metals Ltd (ASX:PAM) has had positive discussions with authorities in Phang Nga Province, Thailand, including the provincial government, for its Reung Kiet Lithium Project.

PAM has submitted a presentation covering all aspects of the project including methods of ongoing exploration, conceptual mining and concentrate production, and the potential for downstream value-adding industries in Phang Nga and Thailand.

The presentation and subsequent discussions were aimed at assisting Phang Nga Provincial Government in their considerations for the proposed mining and industrial development areas.

Provincial Government discussions


Pan Asia was recently invited by the chief executive officer of the Phang Nga Provincial Administrative Organisation (PAO), a Phang Nga Provincial Government coordinating body, to represent PAM and the Reung Kiet Lithium Project.

The meeting was also attended by the head of Phang Nga Provincial Industry along with the representatives of the Phang Nga Provincial Public Works and Town Planning Office.

Phang Nga Provincial Industry head has been appointed by the Phang Nga governor as chairman of the Phang Nga New Town Planning Committee.

During the meeting, the chairman of the committee conveyed its support for the Reung Kiet Lithium Project.

PAO wants to ensure that the requirements of the Reung Kiet project are incorporated into the town planning committee’s zoning plans to ensure that the project can progress once exploration and feasibility results prove positive.

“Can bring opportunities”


PAM managing director Paul Lock said: “We have been working hard in Phang Nga province and we are very happy with the positive reception that the Reung Kiet Lithium Project is receiving from the Phang Nga Provincial Government and surrounding communities.

“Reung Kiet is strategically located and based on peer feasibility work the project is positioned to potentially be one of the lowest-cost suppliers of lithium chemicals in the global peer group.

“This is a project that can bring substantial opportunities and value to Phang Nga and Thailand.”

Pan Asia is planning its second Reung Kiet drilling program with expectations that this will begin in the coming months following the conclusion of the current Khao Soon drilling program.

Potential cost curve leader


Reung Kiet is a hard rock project with lepidolite rich pegmatites chiefly composed of quartz, albite and lepidolite with minor cassiterite and tantalite as well as other accessory minerals including some rare earth.

Lepidolite does not require roasting and has a suite of by-products which are recoverable at the concentrator and processing stages of the flow sheet.

Peer feasibility work has Read More – Source

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