Red River Resources has reported encouraging initial results from drilling at the Don and New Homestead prospects as it works to build a gold inventory within its Thalanga site.
“The drill results received from the Don are an excellent start to our Thalanga gold exploration program, demonstrating the presence of gold mineralisation at shallow depths," Red River Resources managing director Mel Palancian said.
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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. . .
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Red River Resources has been granted two new polymetallic projects hosting the highest-grade known indium deposits in Australia.
It comes as the company was this week announced as the recipient of a $190,000 Collaborative Exploration Initiative grant for work focused on indium in the Herberton region.
Geoscience Australia and strategic partners of Australia including the European Union, France, Japan, Korea, India and the United Kingdom have defined indium as a critical mineral.
It is a critical element in CIGS (copper-indium-gallium-selenide) thin film solar cells.
The Isabel project contains the Isabel polymetallic massive sulphide zinc-lead. . .
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Red River Resources has announced new exceptional high-grade drill results from its Liontown project in North Queensland.
Drilling at the New Queen Lens over time has returned wide intercepts of high-grade polymetallic fresh sulphide mineralisation with precious metals, particularly gold, from within 30m of the surface.
The latest assay resulted released include 1.70m at 1.1 per cent copper, 15.9 per cent lead, 30.8 per cent zinc, 21.8 g/t gold and 304 g/t silver (67.2 per cent zinc equivalent) from 62.40m down-hole. (Full table . . .
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Base metals producer Red River Resources has started a 5000m drill program at the Liontown project within its Thalanga operations, south-west of Charters Towers.
The Liontown project is Red River’s largest mineral resource at Thalanga, estimated at 3.6Mt at 10 per cent zinc.
The company presently mines from the West 45 deposit at Thalanga and is developing its Far West project, with first production ore scheduled for the third quarter of this year.
The company said it planned to complete a 22-hole (5000m) diamond drilling program at the Liontown project over the next six months to. . .
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