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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | Far West | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 11/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-11-2017: Red River Resources Ltd. announces a Resource Estimation report for its Far West deposit at the Thalanga project. Updated Mineral Resource and Ore Reserve for the Far West deposit. Red River Resources Limited (ASX: RVR) (“Red River” or the “Co | |
| Resources: | (Reserve, P+P): 1.534Mt @ 1.3% Cu, 1.6% Pb, 5.0% Zn, 0.2g/t Au, 45g/t Ag at Far West | |
| CP/QP: | [Resources]: Stuart Hutchin (Mining One Pty Ltd.) | |
| ABSTRACT: | Red River Resources Limited (ASX: RVR) (“Red River” or the “Company”) is pleased to announce a Maiden Ore Reserve and Mineral Resource update for the Thalanga Far West polymetallic massive sulphide deposit (“Far West”) at the Thalanga Zinc Operation in Central Queensland has been completed, produced in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Far West is the second deposit planned to be mined at Thalanga, with Red River commencing underground mining at the West 45 deposit earlier this year. Red River’s Managing Director Mel Palancian commented: “Delivering a maiden Ore Reserve of 1.5Mt @ 12.0% Zn Eq. for Far West is an outstanding result, with the potential for further mine life extensions at depth where Far West is still open. “The potential to mine Far West was identified in 2014, and the maiden Far West Mineral Resource was announced in early 2015. We are now targeting first ore production in 2H CY2018. “This result gives greater certainty regarding the future operational life of our Thalanga operations. It represents the first stage in increasing utilisation of the Thalanga Mill and extending the overall operational life of Thalanga. “With exploration across our landholding in the Mt Windsor Belt in Queensland continuing in tandem to our mining operations, we hope to make new discoveries that can add further life to Thalanga. | |
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