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Todd River Resources' shares surge after high-grade copper, zinc hits at Mt Hardy

The company's shares are trading about 21% higher intra-day, at 12 cents.
Todd River Resources' shares surge after high-grade copper, zinc hits at Mt Hardy
Confirms a significant discovery at Mt Hardy

Todd River Resources Ltd’s (ASX:TRT) drilling at the Mt Hardy Copper-Zinc Project in the Northern Territory has returned a massive sulphide interval of 25 metres at 2.4% copper and 4% zinc.

The intersection is substantially higher grade in the laboratory assays compared with the portable XRF readings revealed earlier this month.

The broad zone of base metal mineralisation is between 184 metres and 210 metres depth, including 9.15 metres at 4.5% copper, 7.6% lead and 8.8% zinc from 200 metres down-hole.

In addition, 9.5 metres at 162 g/t silver was returned from the zones of massive sulphide mineralisation, most likely associated with the galena in the sulphides.

Drill core showing the sulphide mineralisation

Todd River chief executive officer Will Dix said: “It’s exciting to see the final numbers from this drill hole and we were pleasantly surprised by the high-grade silver associated with the sulphides.

“Having been out in the field last week and seen the drill core first hand, I’m not surprised to see such significant base metal numbers.”

Drilling down-dip of this outstanding intercept

Notably, all holes completed at Mt Hardy to date have hit sulphide mineralisation with further drilling underway to determine the geometry of the mineralised zone.

Down-hole geophysics program is due to commence around the end of June, with results to be immediately utilised in targeting drilling down-dip of this outstanding intercept.

Dix added: “From here it’s about understanding the distribution and geometry of the mineralisation, and we will utilise our logging and down-hole geophysics to target further drilling.

“The down-hole electromagnetic crew is due on site within the next week and the real-time data they generate will really help us to identify additional mineralisation and optimise the position of our next holes targeting down-dip extensions of this exciting new discovery.”

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