Announcement Date: 2022-07-05
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. 4.5m @ 29.5g/t Au, 0.3% Sb from 466.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Red River Resources Limited (ASX: RVR) is pleased to report visible gold in drill hole BKC008 from its drilling underway at Bakers Creek, part of its Hillgrove Gold Project in New South Wales. The drilling aims to identify extensional mineralisation at the historic Bakers Creek Mine, which produced 304koz of gold from 176kt of ore from ~1880 – 19161 . Priority assays from 15.8m of core drilled at BKC008 returned 0.45m @ 257g/t Au from 467.75m within 4.50m @ 29.5 g/t Au and 0.3% antimony (Sb) from 466.0m. Red River Managing Director Mel Palancian said 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 Red River is systematically drilling targets across the project, aiming to build this resource for a larger-scale, longer life mining operation. Red River sent 15.8m of core from BKC008 for priority assay, as it visually contained a central structure of strong veining which included three intense breccias between 15 and 35cm (Figure 1). Historically, Bakers Creek was the most productive mine in the Hillgrove field and produced more than 300koz gold. Little Reef was the most extensively mined lode within the Bakers Creek system, producing high grade gold ore over a strike
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