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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | Liontown - New Queens Lens | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 2/18/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-2-2020: Red River Resources Ltd. announces an Exploration/Drilling Update report for its Liontown - New Queens Lens deposit at the Thalanga project. Drilling results incl. 18.35m @ 0.2% Cu, 2.3% Pb, 4.7% Zn, 1.4g/t Au, 42g/t Ag from 48.65m. Base and pr | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steven Harper (Internal) | |
| ABSTRACT: | Base and precious metals producer Red River Resources Limited (ASX: RVR) (“Red River” or “the Company”) is pleased to announce it plans to develop the high-grade, gold rich polymetallic Liontown deposit for mining as the next mining operation at its Thalanga Operation in Northern Queensland. Red River has received all assays from its drilling program at Liontown, which delivered further high-grade gold-rich polymetallic results from the New Queen Lens and intersected high-grade copper-gold mineralisation in the Carrington Lode. Red River is updating a Mineral Resource Estimate for Liontown Project, and this is expected to be completed in March 2020. Continued high-grade polymetallic results from Liontown have led Red River to prioritise developing Liontown ahead of the zinc-rich Waterloo deposit, (which will be placed on hold), increasing Red River’s mill throughput at Thalanga, as well as gold and silver production. Red River has a pre-existing Mining Lease (ML 10277) at Liontown and this may enable early works to commence for the development of the New Queen Lens. | |
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