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Red River Resources Ltd.
Summary
| Project: | Thalanga | |
|---|---|---|
| Deposit: | West 45 | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Gold-Silver | |
| Date: | 12/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 20-12-2017: Red River Resources Ltd. announces a Resource Estimation report for its West 45 deposit at the Thalanga project. Updated mineral resource and ore reserve at West 45 deposit. Red River Resources Limited (ASX: RVR) (“Red River” or the “Company”) | |
| Resources: | (Reserve, P+P): 2.101Mt @ 1.1% Cu, 1.9% Pb, 6.5% Zn, 0.2g/t Au, 58g/t Ag at West 45 | |
| CP/QP: | [Resources]: Alex Nichol (Internal) | |
| ABSTRACT: | Red River Resources Limited (ASX: RVR) (“Red River” or the “Company”) is pleased to announce an updated Ore Reserve and Mineral Resource estimate for the West 45 polymetallic massive sulphide deposit (“West 45”) at the Thalanga Zinc Operation in Central Queensland has demonstrated an increase in the deposit’s mine life to at least 2019. The Ore Reserve and Mineral Resource estimate was completed in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). West 45 is the first deposit to be mined by Red River at Thalanga as part of restart operations at the project. Underground mining commenced at West 45 in April 2017, with zinc concentrate production restarting ahead of schedule at Thalanga in September 2017. Red River’s Managing Director Mel Palancian commented: “Increasing Ore Reserves at West 45 combined with the recently announced maiden Ore Reserve at Far West is an outstanding result for the future of Red River, with the potential for further mine life extensions at depth and along strike. “We are committed to growing resources and reserves at Thalanga and this confirms that our strategy is delivering results and mine life. The West 45 mine life will now extend to at least 2019 allowing the simultaneous operation of both West 45 and the Far West mines in 2019, increasing mill throughput for this period. “With exploration across our landholding in the Mt Windsor Belt in Queensland continuing in tandem to our mining operations, we hope to make new discoveries that can add further life to Thalanga.” | |
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