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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | Far West | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 5/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-5-2017: Red River Resources Ltd. announces an Exploration/Drilling Update report for its Far West deposit at the Thalanga project. Drilling results incl. 20.65m @ 0.7% Cu, 1.5% Pb, 2.7% Zn, 0.2g/t Au, 40g/t Ag from 408.05m. Near-term zinc producer Red | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alex Nichol (Internal) | |
| ABSTRACT: | Near-term zinc producer Red River Resources Limited (ASX: RVR) (“Red River” or the “Company”) is pleased to announce further high-grade assay results from its ongoing drilling program at Thalanga Far West, part of the Thalanga Zinc Project in Queensland. TH721 and TH722 have been completed and are in the process of being submitted for assay, and TH723 is in progress. TH721 intersected 4.7m of massive and semi-massive sulphide mineralisation, with assays pending. TH722 did not intersect any significant mineralisation. The drilling is part of an ongoing infill and resource extension program and is expected to be complete in Q2 2017. The current drilling program at Far West has a further 2 holes planned after TH723 is completed. Red River has received assay results for drill holes TH716, TH717 and TH718 (Table 1) from its ongoing Far West infill and resource extension drilling program. TH719 and TH720 were geotechnical holes drilled at West 45 to support the current mine development program, and as such were not submitted for assay. The drilling is part of an ongoing infill and resource extension program and is expected to be complete in Q2 2017. The current drilling program at Far West has a further 2 holes planned after TH723 is completed. On completion of the current program, an updated Far West Mineral Resource estimate will be calculated and mine design completed, and used as the basis for the maiden Far West Ore Reserve estimate. | |
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