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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | Liontown East | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 10/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-10-2017: Red River Resources Ltd. announces an Exploration/Drilling Update report for its Liontown East deposit at the Thalanga project. Drilling results incl. 9.5m @ 1.1% Cu, 0.9% Pb, 5.3% Zn, 0.5g/t Au, 15g/t Ag from 620.8m. Australia’s newest zinc p | |
| Resources: | (Resource, I+I): 2.258Mt @ 8.4% Zn Eq. at project | |
| 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 high-grade assay results for diamond drill hole LTED08W3 at the Liontown East target, part of the Company’s Thalanga Zinc Project (“Project”) in Queensland. The initial two wedge holes drilled, LTED08W1 and LTED08W2, intercepted the target horizon approximately 65m (W1) and 50m (W2) down dip and to the west of LTED08W3 respectively. Both holes intersected zones of intense alteration but no economic mineralisation. The current hole (LTED08W4) is in progress and is at 480m depth (25 October). With the Thalanga Zinc Project commencing concentrate production last month, Red River is working to build its resource inventory to utilise the 650ktpa capacity of the Thalanga mill, with throughput exceeding its planned annualised rate of 325ktpa in late September. The Liontown East mineralisation intersected to date is located 700m along strike from the eastern edge of the current Liontown Mineral Resource (refer to Figure 2). Current geological interpretation assumes that the mineralisation at Liontown and Liontown East was formed by the same event and are in all likelihood linked. Once Phase 1 at Liontown East is completed, Phase 2 will consist of drilling between Liontown and Liontown East with the aim of defining the extent of the mineralisation system. | |
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