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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | Far West | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 8/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-8-2017: Red River Resources Ltd. announces an Exploration/Drilling Update report for its Far West deposit at the Thalanga project. Drilling results incl. 7.6m @ 4.0% Cu, 1.3% Pb, 3.4% Zn, 0.8g/t Au, 96g/t Ag from 124.0m. Near-term zinc producer Red Rive | |
| 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. TH736 has been completed, intersecting 3.1 metres of stringer sulphide, massive and semi-massive sulphide mineralisation from 164m downhole. Core from TH736 has been submitted for assay. Red River has engaged Mining One Consultants to update the Far West Mineral Resource, generate a maiden Far West Ore Reserve and update the Far West mine design and production schedule. Far West is expected to be the second deposit mined as part of the Thalanga Zinc Project restart after the West 45 deposit. Production at the Thalanga Zinc Project remains on track to resume in Q4 2017. Red River have engaged Mining One to update the Far West Mineral Resource, to generate a maiden Far West Ore Reserve estimate and also to update the current Far West mine plan and production schedule. Red River released a Restart Study (the internal study prepared by Red River to assess the potential restart of the Thalanga Zinc Project) in November 2015, which demonstrated the highly attractive nature of the Project. The Project has a low operating cost, low pre-production capital cost ($17.2 million), and a short timeline to production (six months). | |
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