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Red River Resources reveals maiden JORC resource at Liontown East

Published: 11:52 18 Jul 2018 AEST

Liontown East Location within Thalanga operations
Only three of the Thalanga operations' six deposits are included in the current mine plan

Red River Resources Ltd (ASX:RVR) has revealed its maiden resource of 1.5 million tonnes grading 12.2% zinc equivalent at the Liontown East deposit within the Thalanga Project, Queensland.

The addition of this polymetallic massive sulphide deposit increases Thalanga’s overall resource by 27% to 7.1 million tonnes grading 13.0% zinc equivalent.

Notably, Liontown and Liontown East are part of the same mineralised system which remains open along strike and depth.

A scoping study is set to commence in the current December half and Liontown is expected to be next in the development pipeline at the Thalanga operations after the Waterloo deposit.

The Liontown East deposit is located about one kilometre from the Liontown deposit.

Further drilling planned at Liontown

Red River is planning to undertake further drilling at Liontown to further expand the JORC resource and convert the resource into higher JORC categories.

Notably, drilling will also test the gap between the Liontown and Liontown East deposits.

The Liontown scoping study set to commence aims to identify the likely development pathway for the project.

The Thalanga operations now consists of six deposits, however, only the West 45, Far West and Waterloo deposits are part of the current mine plan.

 

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