Growing Evidence White Rock May Have The Right Rock, As Sandfire Suspects

By Barry Fitzgerald | More Articles by Barry Fitzgerald

Get the feeling that Alaska has become something of a go-to destination for Aussie miners and explorers looking for opportunities away from the crowded space back home?

You would be right to think so.

Sporting a top-10 ranking on the Fraser Institute’s measurement of the all-around attractiveness of places for miners and explorers to invest (WA is the only Aussie state in the top 10), Alaska has been grabbing headlines of late.

Northern Star’s acquisition of the Pogo gold mine and South32’s stalking of the advanced copper- zinc-cobalt explorer Trilogy Metals have been the main events of late.

But then there is a bunch of explorers that have also decided Alaska is the place to be, notwithstanding the short field season (it’s why so much prospective exploration ground is available), and the odd problem with a cranky bear.

Allan Kelly’s Evolution-backed Riversgold (RGL) is in the thick of things in the Tintina gold belt looking to find its own multi-million-ounce deposit.

And PolarX (PXX) has just made a juicy 15m hit grading 2.3% copper and 2.2g/t gold at its Zackly deposit which adds to expectations that the known resource there is only going to get bigger, much bigger.

But today’s interest is in White Rock Minerals (WRM), which now has Sandfire as a 12.7% shareholder and come a decision to be made by the end of the year, a possible joint venture partners in WRM’s high-grade Red Mountain zinc-silver-lead-gold project in Alaska. Read more +

Barry Fitzgerald

About Barry Fitzgerald

Barry Fitzgerald has covered the resources industry for 30 years. His column highlights the issues, opportunities and challenges for small and mid-cap resources stocks - most recently penned his column for The Australian newspaper and before that, The Age.

View more articles by Barry Fitzgerald →