Announcement Date: 2022-06-28
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Red River Resources Ltd.
Project name: Hillgrove
Location: Australia
Commodities: Gold,Antimony
Highlight: Drilling results incl. 3.6m @ 3.3g/t Au, 1.5% Sb from 220m
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 nine holes (SUN059 – SUN067) from its Sunlight drill program at the Hillgrove Gold Project in NSW (Figure 2). RVR’s recent drilling at Sunlight targeted extensions to the east of the Sunlight deposit. The combined Sunlight and adjacent Blacklode deposit have a JORC 2012 Mineral Resource of 2.65Mt at 4.5g/t Au and 1.1% Sb (387koz contained Au and 30kt contained Sb). The results have increased deposit knowledge and demonstrate that extensions of the Sunlight Mineral Resource to the east and at depth are possible. Results for the program will be included in the next resource update. Several holes have intercepted a previously unrecognised gold-tungsten zone to the east of Sunlight. 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 confidence to transition Hillgrove from a historical narrow vein project into a larger-scale gold operation. RVR is building a multi-asset operating business focused on base and precious metals with the objective of delivering prosperity through lean and clever resource development. RVR’s foundation asset is the Thalanga Base Metal Operation in Northern Queensland, which was acquired in 2014 and where RVR commenced copper, lead and zinc concentrate production in September 2017.
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