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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | Liontown East | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 4/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-4-2017: Red River Resources Ltd. announces an Exploration/Drilling Update report for its Liontown East deposit at the Thalanga project. Drilling results incl. 26.0m @ 0.6% Cu, 2.2% Pb, 5.4% Zn, 0.9g/t Au, 25g/t Ag from 504.7m. Red River Resources Limite | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kris Butera (Australis Mineral Management) | |
| ABSTRACT: | Red River Resources Limited (ASX: RVR) (“Red River” or the “Company”) is pleased to report assay results for diamond drill hole LTED06 at the Liontown East target, part of the Company’s Thalanga Zinc Project in Queensland. To date, Red River has completed six drill holes at the Liontown East discovery; with all drill holes except LTED02 intersecting zones of massive and semi massive mineralisation. The ongoing induced polarisation (IP) survey (refer to ASX release “Survey Detects Multiple High Priority Targets at Liontown”, 30 March 2017) has better defined the Liontown East Target. The Liontown East Target remains strong; the eastern down-plunge extension has a slightly more subdued chargeability response, more likely related to depth rather than actual sulphide content. The target model is open at depth and the Liontown East system is interpreted to continue to plunge easterly to depth. The Liontown East chargeability anomaly now extends to a minimum 700m strike length. Red River has commenced drilling LTED07, which is currently at 241m depth. • Red River is planning four additional drill holes to complete the initial phase of drilling at the Liontown East target. Red River is fully-funded to pursue Liontown East and other high-order drill targets. | |
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