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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | Far West | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 12/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-12-2017: Red River Resources Ltd. announces a Resource Estimation report for its Far West deposit at the Thalanga project. Supplementary announcement containing additional information on the resource update. Red River Resources Limited (Red River or the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Resources]: Stuart Hutchin (Mining One Pty Ltd.) | |
| ABSTRACT: | Red River Resources Limited (Red River or the Company) (ASX:RVR) lodged an ASX announcement dated 21 November 2017 titled “Far West Ore Reserve and Mineral Resource Update Extends Thalanga Mine Life”. Red River has lodged a supplementary announcement containing additional information under ASX Listing Rules 5.8.1 and 5.9.1 in relation to the ASX announcement dated 21 November 2017. RVR is the leading ASX pure play zinc producer, with its key asset being the high quality Thalanga Zinc Project in Central Queensland. RVR commenced concentrate production at the Thalanga Zinc Project in September 2017 and RVR is focused on maximising returns from the Project by increasing plant throughput and extending mine life through increasing Mineral Resources and Ore Reserves at deposits currently in the mine plan (West 45, Thalanga Far West and Waterloo), by potentially converting Mineral Resources into Ore Reserves at Liontown and Orient and by continuing to aggressively explore our growing pipeline of high quality targets within the surrounding area. The Thalanga Far West deposit is classified as a volcanogenic-massive-sulphide type (VHMS) where copper, zinc, lead, silver and gold mineralisation is found associated with a suite of sulphide minerals including sphalerite, galena, chalcopyrite, pyrite and other minor sulphide assemblages. Mineralised zones are typically represented by fault controlled lenses located within a blue quartz eye volcanic unit. | |
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