Todd River Resources Ltd (ASX:TRT) has intersected high grades of zinc and copper from its maiden drilling programme at the Mount Hardy Copper-Zinc Project in the Northern Territory.
Significant intersections from the latest drilling programme includes:
- 7 metres at 1.77% copper, 0.43% zinc and 17.7 g/t silver from 67 metres;
- 9 metres at 2.67% zinc, 0.97% lead and 0.61% copper from 135 metres; and
- 10.5 metres at 4.15% zinc, 1.10% copper and 0.65% lead from 178 metres.
Four high priority targets, two strong electromagnetic targets and induced polarisation geophysical targets at Browns and Mount Hardy prospects were drill tested as part of the program.
Todd River drilled a total of 14 holes for 2,849 metres, including 2,195 metres of reverse circulation and 654 metres of diamond core.
Significantly, the company recorded best grades of 12.75% zinc, 4.05% copper and 3.97% lead, within 192 anomalous values.
Todd River was formed as a result of the spin out of Perth-based minerals explorer TNG, and made its debut on the ASX in April 2017 after raising A$6mln from an initial public offering.
The drill hole electromagnetic surveys of all the holes are now underway to establish the extent and orientation of mineralised zones and assist with the next phase of exploration.