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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: | 12/20/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-12-2019: Red River Resources Ltd. announces an Exploration/Drilling Update report for its Liontown - New Queens Lens deposit at the Thalanga project. Drilling results incl. 28.50m @ 0.2% Cu, 2.2% Pb, 4.2% Zn, 1.7g/t Au, 171g/t Ag from 69.80m. Red River | |
| Resources: | (Resource, Total): 3.553Mt @ 10.0% ZnEq. at Liontown | |
| CP/QP: | [Overall Report]: Steven Harper (Internal) | |
| ABSTRACT: | Red River Resources Limited (ASX: RVR) is pleased to report further high-grade assay results up to 39.3 g/t Au and 2,750 g/t Ag from drilling at the New Queen Lens (Liontown Project), part of Red River’s Thalanga Operations in Northern Queensland. The Liontown Project comprises polymetallic volcanic hosted massive sulphide (VHMS) deposits (New Queen Lens, Main Lens and Liontown East) and the Carrington Lode, a gold-rich copper mineralised vein system (intrusion-related gold-copper vein system – IRGS). It has a current total Mineral Resource of 3.6Mt at 10.0% Zinc Equivalent. Red River commenced drilling at Liontown in June 2019 and has completed 34 drill holes (5,278m drilled) to date, with assay results received for 18 holes. Red River is awaiting assays for the remaining 16 holes, which are expected shortly. | |
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