Announcement Date: 2021-12-20
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Red River Resources Ltd.
Project name: Hillgrove
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 19.7m @ 2.0g/t Au from 221.5m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Red River Resources Limited (ASX: RVR) is pleased to announce results of five holes from its drill program at the Hillgrove Gold project in NSW. The planned drilling program at Eleanora-Garibaldi has been completed and the deposit remains open; drilling at Sunlight and Cosmopolitan is continuing. A further nine holes have been completed and are awaiting assays; results will be announced when they are received. The high-grade intercepts within broader mineralised zones are encouraging and continue to build confidence to transition Hillgrove from a historical narrow vein project into a larger-scale gold operation. A significant tungsten intercept adjacent to Sunlight (SUN057) highlights the potential for additional value adding metals. Hillgrove has an existing JORC 2012 Mineral Resource of 7.23Mt @ 4.5 g/t Au & 1.2% Sb (1,037koz contained Au & 90kt contained Sb) and RVR continues build this resource for a larger-scale, longer life mining operation.
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