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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | Liontown East | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 2/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-2-2018: Red River Resources Ltd. announces an Exploration/Drilling Update report for its Liontown East deposit at the Thalanga project. Drilling results incl. 15.58m @ 0.4% Cu, 4% Pb, 8.6% Zn, 1.2g/t Au, 60g/t Ag from 419.02m. Red River Resources Limit | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alex Nichol (Internal) | |
| ABSTRACT: | Red River Resources Limited (ASX: RVR) (“Red River” or the “Company”) is pleased to report further high-grade assay results for diamond drill hole LTED09 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. LTED09 was drilled to test the up-dip continuity of the Liontown East base metal mineralisation and returned a high-grade intercept of: Diamond drill holes, LTED11A and LTED012 both intersected the Liontown East base metal mineralisation. The holes are currently being logged, and when logging has been completed, will be cut and dispatched for assay. An RC rig has been mobilised to Liontown East to drill a series of shallower holes (LTCD18001 to LTCD18006) to test the up dip potential of Liontown East. Two holes have been completed to date (LTDCD18001 and LTCD18002). LTCD18002 intersected 20m of mineralisation consisting of 15m of massive and semi massive sulphide mineralisation from 216m down-hole and 5m of stringer mineralisation from 231m down-hole (assays pending). 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), by converting Mineral Resources into Ore Reserves at Liontown and Orient and by continuing to aggressively explore our growing pipeline of high quality targets within the surrounding area. | |
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