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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | Liontown | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 1/20/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-1-2020: Red River Resources Ltd. announces an Exploration/Drilling Update report for its Liontown deposit at the Thalanga project. Drilling results incl. 30.00m @ 0.4% Cu, 3.8% Pb, 7.1% Zn, 2.4g/t Au, 38g/t Ag from 61.00m. The Liontown Project comprise | |
| Resources: | (Resource, Total): 3.553Mt @ 10.0% ZnEq. at Liontown | |
| CP/QP: | [Overall Report]: Steven Harper (Internal) | |
| ABSTRACT: | 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). Liontown has a 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 23 holes. Red River is awaiting assays for the remaining 11 holes, which are expected before the end of January. The New Queens Lens is a large body (approximately 600m by 250m by 5m) of polymetallic (Cu-Pb-Zn) VHMS mineralisation with significant precious metal (gold and silver) credits. Drilling to date has returned wide intercepts of high-grade polymetallic fresh sulphide mineralisation with material precious metals, particularly gold, from within 30m of the surface. Assay results from the latest five drill holes completed at the New Queen Lens (Liontown Project) highlight the precious metal-rich nature of the VHMS mineralisation (refer to Table 1). | |
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