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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | Liontown East | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 5/22/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-5-2017: Red River Resources Ltd. announces an Exploration/Drilling Update report for its Liontown East deposit at the Thalanga project. Drilling results incl. 19.1m @ 0.5% Cu, 2.3% Pb, 6.4% Zn, 0.2g/t Au, 13g/t Ag from 529.4m. Near-term zinc producer R | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alex Nichol (Internal) | |
| ABSTRACT: | Near-term zinc producer Red River Resources Limited (ASX: RVR) (“Red River” or the “Company”) is pleased to report high-grade assay results for diamond drill hole LTED07 at the Liontown East target, part of the Company’s Thalanga Zinc Project (“Project”) in Queensland. LTED07 was drilled to test the strike continuity of the Liontown East discovery, which is located on EPM 14161, approximately 1.2km east of the Liontown Mineral Resource. LTED07 intersected a broad zone of massive and semimassive sulphide mineralisation from 527.5m to 548.5m down-hole. LTED07 returned two high-grade intercepts of 3.6m @ 20.9% Zn Eq. from 529.4m and 5.4m @ 13.7% Zn Eq. from 543.1m within a larger intercept of 19.1m @ 10.5% Zn Eq. from 529.4m to 548.5m down-hole. LTED07 also intersected a discrete zone of copper-gold-silver mineralisation of 7.7m @ 1.2% Cu, 3.4g/t Au & 36g/t Ag from 557.0m down-hole with minor associated lead (0.6%) and zinc (1.4%) mineralisation. This is the first time that such gold-rich mineralisation has been intersected at Liontown East, and could represent mineralisation similar to the copper-gold-silver mineralisation historically mined at the Carrington Lode (Liontown Deposit) from 1905 to 1911. The current hole (LTED07W1) is currently in progress and is at 320m depth (21 May). The next stage of drilling will involve a parent hole and four wedge holes to test the depth extensions of the Liontown East system (refer to Figure 1). | |
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