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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | Liontown East | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 3/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-3-2018: Red River Resources Ltd. announces an Exploration/Drilling Update report for its Liontown East deposit at the Thalanga project. Drilling Results incl. 23m @ 1.2% Cu, 0.7% Pb, 3.3% Zn, 0.3g/t Au, 12g/t Ag from 219.0m. Zinc producer Red River Reso | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alex Nichol (Internal) | |
| ABSTRACT: | Zinc producer Red River Resources Limited (ASX: RVR) is pleased to report further high-grade assay results from drilling at the Liontown East discovery, part of the Company’s Thalanga Zinc Project (“Project”) in Queensland. Liontown East is located on approximately 700m from the eastern edge of the current Liontown Mineral Resource. LTED13 intersected 1.4m of massive sulphide mineralisation and 4.3m of semi-massive sulphide mineralisation between 485.2m and 490.9m downhole (assays pending); The diamond drill rig has completed the designed diamond tail on the pre-collar LTCD18003. It will then complete diamond tails on LTCD18004, LTCD180005 and LTCD18006. Assay results were also received for RC drill hole LTCD18001 (intersected 1m @ 6.5% Zn Eq. from 248m down-hole) and LTED11A (intersected 0.96m @ 13.7% Zn Eq. from 434.24m down-hole and 1.5m @ 9.8% Zn Eq. from 440.7m down-hole). Geological interpretation of the LTED11A intersection indicates that the hole was drilled through a fault zone which has offset the majority of the target base metal mineralisation. 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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