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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | Liontown East | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 8/4/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 4-8-2016: Red River Resources Ltd. announces an Exploration/Drilling Update report for its Liontown East deposit at the Thalanga project. Drilling results incl. 7.5m @ 0.4% Cu, 4.1% Pb, 9.6% Zn, 1.0g/t Au, 37g/t Ag from 452.7m. Red River Resources Limited | |
| Resources: | (Resource, I+I): 2.258Mt @ 8.4% ZnEq. at Liontown | |
| CP/QP: | [Overall Report]: Tav Bates (Internal) | |
| ABSTRACT: | Red River Resources Limited (ASX: RVR) (“Red River” or the “Company”) is pleased to report high-grade assay results for diamond drill hole LTED01 at the Liontown East target, part of the Company’s Thalanga Zinc Project (“Project”) in Queensland. Drill hole LTED01 targeted the Liontown East coincident geochemical and geophysical target located on EPM 14161, approximately 1.2km east of the Liontown Mineral Resource (refer to Figure 1). LTED01 intersected multiple zones of massive sulphide and semi massive sulphide mineralisation and returned the following high grade intercepts. Red River has commenced LTED02, designed to target the mineralised horizon approximately 100m to the east of LTED01 towards the centre of the inner induced polarisation (IP) shell (refer to Figure 1). Red River’s Managing Director Mel Palancian commented: “This is an outstanding assay result, intersecting high grade zinc rich polymetallic base metal mineralisation with significant precious metal credits. This result validates our systematic and disciplined approach to exploration within the Mt Windsor Belt. “The Liontown East target was generated from a review of historic drilling, geochemical sampling and reprocessing of historical geophysical data. The historical drilling and geophysical data (IP survey) dates from 1984. “Following completion of our recently announced A$8.9 million capital raising, we are fully-funded to progress exploration activities at Liontown East. We have commenced drilling LTED02, targeting the mineralised horizon approximately 100m to the east of LTED01. | |
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