Red River Resources is working to build a gold inventory within trucking distance of its Thalanga operations with a new drilling program.

Red River produces zinc, copper and lead with gold and silver credits at its Thalanga operations in North Queensland, where it is currently mining the Far West deposit.

The company said its reverse circulation (RC) drill program aimed to identify high-grade bulk tonnage shoots of gold-bearing quartz veins that could be processed at Thalanga.

It has designed a program of 33 RC holes to be drilled at the New Homestead, the Don and Toomba prospects to quickly assess the most prospective portions of lodes.

Red River said today that 10 RC drill holes (958m) had been drilled to date at the New Homestead prospect and 10 RC holes (910m) at the Don prospect. Initial assay results are expected in three to four weeks.

Red River expects to complete the remaining part of the initial RC drill program (13 holes) at Toomba, located about 30km north-west of Thalanga, in May.

The company last year processed historical tailings from the Liontown project within its Thalanga operations to produce a saleable gold concentrate.

The total Liontown Project Mineral Resource (Liontown plus Liontown East) stands at 4.2 million tonnes at 0.6 per cent copper, 1.9 per cent lead, 5.9 per cent zinc, 1.1 g/t gold and 29 g/t silver.

The company added the Toomba and Don projects to its tenement portfolio last year. Small-scale historical gold mining activities have occurred in both project areas.

At the time managing director Mel Palancian said the company was working to maximise its exposure to gold at Thalanga.

The company this month marked its first gold pour at Hillgrove in New South Wales. Red River restarted production at that gold operation after acquiring it in August 2019 for $4 million in shares.

IMAGE below: Red River Resources gold targets in the Thalanga area.