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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | West 45 | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 11/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-11-2018: Red River Resources Ltd. announces an Exploration/Drilling Update report for its West 45 deposit at the Thalanga project. Drilling results incl. 8.25m @ 5.1g/t Au, 512g/t Ag, 0.4% Zn, 0.3% Pb from 111.75m. Red River Resources Limited (ASX: RVR | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Steven Harper (Internal) | |
| ABSTRACT: | Red River Resources Limited (ASX: RVR) (“Red River” or the “Company”) is pleased to update the market as to the progress of drilling activities at the West 45 underground mine, part of the Company’s Thalanga Operations in Northern Queensland. Red River’s surface geotechnical drilling program has successfully defined the potential for an additional level (996) above the existing 976 level in West 45. Red River has received positive assay results from all holes, including the following highlights: • 5.44m @ 0.5% Cu, 3.1% Pb, 6.1% Zn, 0.2 g/t Au & 87 g/t Ag (13.0% Zn Eq.) from 27.55m down hole in TH828; and • 6.17m @ 0.6% Cu, 4.7% Pb, 8.0% Zn, 0.3 g/t Au & 50 g/t Ag (15.5% Zn Eq.) from 22.09m down hole in TH829 Exceptional gold and silver mineralisation intercepts continue at West 45. Notable results received include: • 8.25m @ 5.1 g/t Au & 512 g/t Ag from 111.75m down hole including 0.32m @ 120.8 g/t Au and 11,256 g/t Ag (1.1% Ag) from 113.90m down hole in TH808; and • 9.21m @ 0.6 g/t Au & 407 g/t Ag from 18.84m down hole including 0.51m @ 5.2 g/t Au and 3,935 g/t Ag from 21.25m down hole in TH829 Red River has also completed an underground resource definition and extension drilling program at West 45. To date, positive assay results have been received from thirteen holes and assay results are pending from a further hole. 1. West 45 Drilling Update Red River has received positive results from its continuing drilling programs at West 45: (a) Surface Geotechnical Drilling Program • Program objectives were to confirm the Mineral Resource above the existing current development in West 45 and to provide geotechnical data for the potential development of a 996 Level in West 45, above existing 976 Level • To date, 10 holes have been drilled for a total of 343.2 metres • Positive assay results have been received from all holes drilled in the program (b) UG Resource Definition and Extension Drilling Program • Program objectives were to define mineralisation in Lens 4 and Lens 6 • To date, 16 holes have been drilled for a total of 1,807.15 metres • Positive assay results have been received from thirteen holes to date, and assay results are pending from a further hole. | |
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