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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | Liontown East | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 1/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-1-2018: Red River Resources Ltd. announces an Exploration/Drilling Update report for its Liontown East deposit at the Thalanga project. Drilling results incl. 4.8m @ 0.6% Cu, 5.0% Pb, 12.5% Zn, 4.2g/t Au, 120g/t Ag from 379.2m. Australia’s newest zinc | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alex Nichol (Internal) | |
| ABSTRACT: | Australia’s newest zinc producer Red River Resources Limited (ASX: RVR) (“Red River” or the “Company”) is pleased to report further high-grade assay results for diamond drill holes LTED08W4 and LTED10 at the Liontown East discovery, which is located on EPM 14161, approximately 700m from the eastern edge of the current Liontown Mineral Resource; part of the Company’s Thalanga Zinc Project (“Project”) in Queensland. LTED08W4 was drilled to test the down-dip continuity and intersected a broad zone of massive and semi-massive sulphide mineralisation from 625.2m to 635.9m down-hole and returned a high-grade intercept The current drill hole, LTED09, is at 456.2m depth, and has intersected the Liontown East base metal mineralisation, consisting of 15.1m of massive and semi massive sulphide mineralisation with siltstone interbeds followed by 21.9m stringer sulphide mineralisation from 419.2m down-hole. When the hole is completed, the core will be logged, cut and dispatched for assay. The final wedge holes drilled, LTED08W5 and LTED08W6, were abandoned due to poor ground conditions and excessive deviation. The known vertical extent of mineralisation at Liontown East is over 260m and known strike extent up to 110m. Further drilling is planned to test for extensions to current known mineralisation RVR is the leading ASX pure play zinc producer, with its key asset being the high quality Thalanga Zinc Project in Central Queensland. RVR commenced concentrate production at the Thalanga Zinc Project in September 2017 and RVR is focused on maximising returns from the Project by increasing plant throughput and extending mine life through increasing Mineral Resources and Ore Reserves at deposits currently in the mine plan (West 45, Thalanga Far West and Waterloo) | |
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