Red River Resources Limited (ASX: RVR)
Announced it has commenced a drilling program targeting gold in areas proximal to its Thalanga Operations in northern Queensland.
Red River produces zinc, copper and lead with gold and silver credits at its Thalanga Operations, where it is currently mining the Far West deposit.
|Red River Resources||ASX : RVR|
|Stage||Production / Exploration|
|Metals||Gold, Antimony, Copper, Zinc, Lead|
|Market cap||A$124 m @ 24c|
|Location||Queensland + New South Wales|
Red River Resources Commences Thalanga drill program targeting gold.
Red River Resources Limited (ASX: RVR) is pleased to announce it has commenced a drilling program targeting gold in areas proximal to its Thalanga Operations in northern Queensland.
Red River produces zinc, copper and lead with gold and silver credits at its Thalanga Operations, where it is currently mining the Far West deposit. In addition, the Company is seeking to build its exposure to gold at Thalanga, applying for the Toomba and Don projects near Thalanga last year.
Thalanga Gold Drilling Program Underway
• Red River ramps up exploration activity at its Thalanga Operations following QLD wet season
• Thalanga gold RC drilling program underway at New Homestead, Toomba and Don targets – 33 reverse circulation (RC) holes planned
• Program aims to build RVR’s gold inventory within trucking distance of Thalanga Operations
• New Homestead (10 holes for 958m) and Don (10 holes for 910m) completed
• Initial assays from this program expected by end March 2021.
Red River’s reverse circulation (RC) drill program aims to identify high-grade bulk tonnage shoots of gold bearing quartz veins that can be trucked to and processed at Thalanga.
RVR designed 33 RC holes to be drilled at the New Homestead, the Don and Toomba prospects to quickly assess the most prospective portions of lodes. To date, 10 RC drill holes (958 metres drilled) at the New Homestead prospect and 10 RC holes (910
metres drilled) at the Don prospect have been completed.
Initial assay results are expected in 3-4 weeks.
Red River Resources – Thalanga Gold RC Drilling Program
Previous exploration activity has identified multiple gold-bearing mesothermal quartz-sulphide vein systems primarily hosted in meta sediments at a number of prospects on ground held by RVR in close proximity to Thalanga. Red River designed a RC drilling program to test a number of these vein systems.
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