Announcement Date: 2022-07-19
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. 4.95m @ 4.99% Cu, 0.56% Pb, 1.32% Zn, 0.29g/t Au, 23.4g/t Ag from 288.75m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Red River Resources Limited (ASX: RVR) is pleased to announce additional 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. 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 area and the Liontown East area towards the end of the program (Figure 2). This drilling will build confidence and allow the upgrade of Inferred Mineral Resources to the Indicated classification. Three diamond drill rigs are now drilling through the Main Lode, Gap Uppers and Western Footwall areas. Red River has completed 19 diamond holes on the Main Lode and 11 on the Gap Lode. Previous results from the program were reported in March and June 2022. Results for recently returned holes are shown in Table 1.
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