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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | West 45 | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 9/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-9-2017: Red River Resources Ltd. announces an Exploration/Drilling Update report for its West 45 deposit at the Thalanga project. Drilling results incl. 7.5m @ 5.7g/t Au, 596g/t Ag from 45m. Red River Resources Limited (ASX: RVR) (“Red River” or the “C | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alex Nichol (Internal) | |
| ABSTRACT: | Red River Resources Limited (ASX: RVR) (“Red River” or the “Company”) is pleased to announce assay results from the latest round of drilling at the West 45 zinc mine, part of its Thalanga Zinc Project in Queensland. The extension drilling program confirmed the potential for a material extension to the west and upper western zone of mineralisation at West 45. The results received to date indicate the potential to significantly increase the tonnes planned to be produced from the 956, 936 and 916 Levels (West). The results from the extension drilling are currently being modelled and incorporated in an updated West 45 mine schedule. Red River is also modelling the economic viability of driving a new level (976 West) above the 956 Level. TH738 intersected high grade gold and silver mineralisation contained in a quartz rich vein system that appears to post-date the base metal mineralisation in West 45. Check assays were carried out on the TH738 core and confirmed the presence of high grade gold and silver mineralisation. All historic drill holes near TH738 are being relogged and will be submitted for assay if required to better understand the continuity and grade of the veining. The mineralisation identified to date is not visually obvious (no visible gold and weak to negligible base metal mineralisation) and as such may not have been recognised in the historical drilling (which was targeting the West 45 massive sulphide mineralisation). | |
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