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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | Liontown | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 11/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-11-2019: Red River Resources Ltd. announces an Exploration/Drilling Update report for its Liontown deposit at the Thalanga project. Drilling results incl. 35.75m @ 0.3% Cu, 3.5% Pb, 7.4% Zn, 2.2g/t Au, 91g/t Ag from 53.75m. Red River Resources Limited | |
| 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 from drilling at the Liontown Project, part of its 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 later gold-rich copper mineralised vein system (intrusion-related gold-copper vein system – IRGS). Liontown has a total Mineral Resource of 3.6Mt at 10.0% Zinc Equivalent. Liontown is 32km due east of Thalanga Operations, and the trucking route is 107km (21km on a Shiremaintained all-weather unsealed road then 86km via the sealed Gregory Development Road and Flinders Highway to Thalanga Operations). Red River commenced drilling at Liontown in June 2019, with two diamond drill rigs currently active. The drill program is expected to finish in Q1 CY2020. To date, 19 holes have been completed (for 3324.36m), and assay results received for 11 holes. | |
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