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Red River Resources moves forward with Far West development by awarding mining contract

Published: 12:31 06 Jul 2018 AEST

 Far West – first decline cut
Far West – first decline cut

Red River Resources Limited (ASX:RVR) has awarded a contract for underground mining at its Far West mine to PYBAR Mining Services.

Far West is the second deposit to be mined as part of Red River’s Thalanga zinc operation in Northern Queensland.

READ: Red River Resources begins developing second underground mine at Thalanga Zinc Project

The initial length of the Far West underground mining contract with PYBAR is seven years.

PYBAR is an Australian owned underground mining contractor with a long track record in metalliferous underground mining in Australia, and has an outstanding reputation with respect to safety, execution and quality.

Far West Portal

The company recently started developing the Far West mine, which will be the second underground mine at the Thalanga Zinc Project.

Far West has a JORC-compliant reserve of 1.5 million tonnes at 1.3% copper, 1.6% lead, 5.0% zinc, 0.2 g/t gold and 45 g/t silver.

This represents 12.0% zinc equivalent and the operation has a minimum mine life of five years.

Far West Portal

The company is focused on maximising returns from the Thalanga project by increasing plant throughput and extending mine life.

This is intended to be done by increasing resources and reserves at deposits in the mine plan - West 45, Thalanga Far West and Waterloo.

READ: Red River Resources on track to develop Waterloo deposit with new high-grade drill results

The company is continuing to receive further positive results from drilling at the Waterloo polymetallic massive sulphide deposit.

Highlights from the recent drilling includes 7.8 metres at 36.5% zinc equivalent (3.9% copper, 3.6% lead, 17.5% zinc, 1.0 g/t gold and 94 g/t silver) from 248.20 metres.

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