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Todd River Resources Ltd.
Summary
| Project: | Mount Hardy | |
|---|---|---|
| Deposit: | EM1 | |
| Location: | Australia | |
| Commodities: | Zinc-Copper-Lead-Silver | |
| Date: | 1/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-1-2019: Todd River Resources Ltd. announces an Exploration/Drilling Update report for its EM1 deposit at the Mount Hardy project. Drilling results incl. 35.54m @ 0.91% Cu, 2.92% Pb, 14.69% Zn, 59g/t Ag. Todd River Resources Limited (ASX: TRT; “Todd Riv | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kim Grey (Internal) | |
| ABSTRACT: | Todd River Resources Limited (ASX: TRT; “Todd River” or “the Company”) is pleased to advise that it is preparing to commence a major new exploration program early next month at its 100%-owned Mt Hardy Copper-Zinc Project in the Northern Territory (Figure 1). The program, which will include extensive drilling and geophysics, will build on the Company’s successful 2018 program – which resulted in the discovery of a significant zone of high-grade base metal mineralisation at the EM1 prospect. As previously announced, the Company has been expanding the EM1 mineralisation both along strike and at depth since drilling re-commenced in September, pausing mid December for the Christmas break. Drilling will resume in early February 2019. All remaining laboratory assays have been received in the last week, and are reported here. In addition, Down-hole TEM (DHTEM) and Moving Loop TEM (MLTEM) geophysical programs were completed in December. Assessment of the data is ongoing and will be reported shortly., A total of 12 holes have been completed at EM1 since September, using a drill rig capable of both RC (Reverse Circulation) and diamond drilling techniques (Table 1). Shallower holes were RC drilled, while deeper (>250m) holes had RC pre-collars drilled and diamond tails completed. In total 4,256m were drilled with 1,829m of RC chips and 2,427m of core. All holes intersected mineralisation, with hole MHDD0043 recording the best intersection (35.54m @ 14.7% Zn, 2.92% Pb and 0.91% Cu, see ASX Announcement – 7 November 2018). The deepest hole drilled (MHDD0042) intersected a thick zone of sulphides at 600m below surface, expanding the extent of the EM1 mineralisation to over 600m down-dip. | |
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