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Red River Resources continues to deliver high-grade zinc results at Thalanga project

Published: 12:34 19 Feb 2018 AEDT

drill rig at site
Drilling is continuing as Liontown East remains open

Red River Resources Limited (ASX:RVR) has received further high-grade assay results from the Liontown East discovery, part of its Thalanga Zinc Project in Queensland.

The Liontown East discovery is located circa 700 metres from the eastern edge of the current resource.

Assay results further extend Liontown East

Red River’s drilling was aimed at testing the up-dip continuity of the Liontown East base metal mineralisation and returned a high-grade intercept of:

• 15.58 metres at 15.8% zinc equivalent (0.4% copper, 4.0% lead, 8.6% zinc, 1.2 g/t gold and 60 g/t silver) from 419 metres; including 10.28 metres at 19.2% zinc equivalent.

READ: Red River Resources drills high-grade zinc at Thalanga project

Two other holes also intersected the Liontown East base metal mineralisation:

• 44 metres of mineralisation consisting of 23 metres of massive and semi massive sulphides from 517 metres down-hole and 21 metres of stringer mineralisation from 540 metres; and
• Two zones of semi-massive sulphides with discreet massive narrow lenses between 434 metres and 438 metres and between 445 metres and 453.8 metres.

These two drill holes are currently being logged, and when logging has been completed, will be cut and dispatched for assay.

A drillrig has been mobilised to Liontown East to drill a series of shallower holes to test its up-dip potential. Two holes have been completed to date intersecting further mineralisation.

READ: Red River Resources completes first shipment of zinc concentrate from Thalanga

The company recently completed the first shipment of zinc concentrate from its Thalanga Zinc Operation.

The shipment of 5,500 wet metric tonnes of zinc concentrate was loaded at the Port of Townsville to be delivered in China.

Zinc and lead concentrates from Thalanga are sold under an offtake agreement to Singapore based Trafigura.

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