Red River Resources Limited (ASX: RVR)
Announced results from its maiden diamond drilling program targeting Curry’s Lode at its Hillgrove Gold Project in NSW, Australia.
The program was an outstanding success, with all holes intersecting gold-tungsten-antimony mineralisation.
.
.
.
| Red River Resources | ASX : RVR |
| Stage | Production / Exploration |
| Metals | Gold, Antimony, Copper, Zinc, Lead |
| Market cap | A$140 m @ 27c |
| Location | Queensland + New South Wales |
Red River hits high-grade gold at Curry’s Lode
..
Red River Resources Limited (ASX: RVR) is pleased to announce results from its maiden diamond drilling program targeting Curry’s Lode at its Hillgrove Gold Project in NSW, Australia.
The program was an outstanding success, with all holes intersecting gold-tungsten-antimony mineralisation.
Red River completed seven diamond drill holes (CUY001 to CUY007) at Curry’s Lode for a total of 776.4 metres drilled. The program was an outstanding success, with all holes intersecting gold-tungsten-antimony mineralisation.
Results received from the initial drill program confirmed the presence of high-grade gold tungsten mineralisation with associated antimony mineralisation at Curry’s Lode.
Highlights:
• Red River completes initial Curry’s Lode drill program at Hillgrove Gold Project, with all holes
(CUY001 to CUY007) intersecting high-grade gold and tungsten mineralisation
• Peak assays up to 19.7 g/t Au, 0.66% WO3 and 5.8% Sb (antimony) received, with results of:
– CUY001: 0.40m @ 9.2 g/t Au and 0.35% WO3 from 47.60m down hole
– CUY002: 1.0m @ 6.5 g/t Au, 1.4% Sb and 0.26% WO3 from 44.0m down hole
– CUY004: 3.15m @ 5.8 g/t Au, 0.1% Sb and 0.12% WO3 from 34.85m down hole including
1.30m @ 0.1% Sb, 0.23% WO3 and 12.2 g/t Au from 35.60m down hole
– CUY005: 1.90m @ 5.9 g/t Au and 0.35% WO3 from 34.60m down hole including 0.85m @
10.4 g/t Au and 0.56% WO3 from 35.15m down hole; and
– CUY006: 1.00m @ 7.3 g/t Au and 0.12% WO3 from 20.0m down hole
• CUY007 intersected multiple wide zones of mineralisation including:
– 5.00m @ 3.0 g/t Au, 0.6% Sb and 0.08% WO3 from 27.0m down hole including 0.50m @
19.7 g/t Au, 5.8% Sb and 0.30% WO3 from 27.60m down hole
• All vein systems intersected are open at depth and strike. Planning has commenced on the next phase of Curry’s Lode drilling targeting the extensions of the mineralisation.
/
Tungsten is present as scheelite (calcium tungstate CaW04) and minor visible gold mineralisation was noted in a number of intercepts.
• CUY001 intersected 0.40m @ 9.2 g/t Au and 0.35% WO3 from 47.60m down hole
• CUY002 intersected 1.0m @ 6.5 g/t Au, 1.4% Sb and 0.26% WO3 from 44.0m down hole
• CUY003 intersected 3.90m @ 2.1 g/t Au and 0.18% WO3 from 93.0m down hole
• CUY004 intersected 3.15m @ 5.8 g/t Au, 0.1% Sb, 0.12% WO3 from 34.85m down hole including 1.30m
@ 12.2 g/t Au, 0.1% Sb, 0.23% WO3 from 35.60m down hole
• CUY005 intersected 1.90m @ 5.9 g/t Au and 0.35% WO3 from 34.60m down hole including 0.85m @ 10.4
g/t Au and 0.56% WO3 from 35.15m down hole; and
• CUY006 intersected 1.00m @ 7.3 g/t Au and 0.12% WO3 from 20.0m down hole
• CUY007 intersected multiple wide zones of mineralisation including:
– 5.00m @ 3.0 g/t Au, 0.6% Sb and 0.08% WO3 from 27.0m down hole including 0.50m @ 19.7 g/t Au, 5.8% Sb and 0.30% WO3 from 27.60m down hole
.
.
To read the full news release, please click HERE
.
.
About Red River Resources (ASX: RVR)
RVR is seeking to build 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.
RVR has recently acquired the high-grade Hillgrove Gold Project in New South Wales, which will enable RVR to build a multi-asset operating business focused on base and precious metals. Gold production at Hillgrove is scheduled to restart at the end of CY2020.
.
=======
.
City Investors Circle is based in the financial district in the City of London.
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com for information.
.
=======
.
This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for information purposes only, and are not recommendations in any form. Always consult an investment professional.
.
.