Announcement Date: 2022-03-23
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Red River Resources Ltd.
Project name: Thalanga
Location: Australia
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: Drilling results incl. 18.7m @ 0.22g/t Au, 0.47% Cu, 2.06% Pb, 5.92% Zn, 31g/t Ag from 250.3m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Red River Resources Limited (ASX: RVR) is pleased to announce initial results from its 2022 Mineral Resource delineation drilling program at Liontown, part of its Thalanga operations in northern Queensland. Liontown contains a sulphide Mineral Resource of 4.1Mt @ 0.6% Cu, 1.9% Pb, 5.9% Zn 1.1 g/t Au and 29g/t Ag for 12.7% Zn Eq. RVR is developing Liontown as its third deposit at Thalanga. Red River is undertaking a Mineral Resource delineation drilling program to increase confidence in the Liontown Resource, as it is developing Liontown as the third deposit as part of its Thalanga Operation. Drilling aims to reduce the drill spacing across the Indicated and Inferred areas of the current Mineral Resource. Drilling will progress from targeting the Main Lode and Gap areas to the Western Footwall are and towards the end of the program the Liontown East area (Figure 2). This drilling will build confidence and allow the upgrade Inferred Mineral Resources to the Indicated classification. Two diamond drill rigs are in operation undertaking drilling through the Main Lode and Gap Uppers areas. Red River has completed 13 diamond holes on the Main Lode and one on the Gap Lode. Results for the first nine holes on the Main Lode are reported below.
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