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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | Liontown | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 3/11/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-3-2020: Red River Resources Ltd. announces a Resource Estimation report for its Liontown deposit at the Thalanga project. Updated Mineral Resource Estimate for Liontown. Base and precious metals producer Red River Resources Limited (ASX: RVR) (“Red Riv | |
| Resources: | (Resources, I+I): 4.1Mt @ 0.6% Cu, 1.9% Pb, 5.9% Zn, 1.1g/t Au, 29g/t Ag | |
| CP/QP: | [Resources]: Peter Carolan (Internal) | |
| ABSTRACT: | Base and precious metals producer Red River Resources Limited (ASX: RVR) (“Red River” or “the Company”) is pleased to announce it has updated the Liontown Mineral Resource Estimate following recent drilling, delivering a Liontown Mineral Resource (Fresh Sulphide) for the Liontown Main, New Queen, Western Footwall and Gap lodes of 2.6 Mt @ 0.7% Cu, 1.6% Pb, 5.1% Zn, 1.4 g/t Au and 30 g/t Ag (12.4% Zn Eq.). Liontown is part of Red River’s Thalanga operations in northern Queensland. The updated Liontown Mineral Resource (Fresh Sulphide) is a material increase in tonnage and contained metal over the previously announced (2015) Liontown Mineral Resource (Fresh Sulphide). Tonnage has increased by 36%, with a 125% increase in contained gold, a 51% increase in contained silver, a 109% increase in contained copper, a 34% increase in contained lead and a 53% increase in contained zinc. The Liontown Mineral Resource contains a high-grade copper-gold resource of 612,000 tonnes @ 1.6% Cu, 0.7% Pb, 2.1% Zn, 3.5 g/t Au & 13 g/t Au in the Western Footwall and Gap Lodes and also reported is a separate shallow oxide resource of 113,000 tonnes @ 1.9g/t Au & 24 g/t Ag. The total Liontown Project Mineral Resource (Liontown & Liontown East) has increased by 20% to 4.2Mt @ 0.6% Cu, 1.9% Pb, 5.9% Zn, 1.1 g/t Au & 29 g/t Ag (12.7% Zn Eq.) | |
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