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Red River Resources sampling results highlight gold potential at Hillgrove Project

The company recently acquired the high-grade Hillgrove Gold-Antimony Project in NSW which will allow it to build a multi-asset operating business focused on base and precious metals.

Red River Resources Limited - Red River’s Hillgrove sampling results highlight gold potential in NSW
The Becks Point area could host significant additional resources

Red River Resources Ltd (ASX:RVR) has obtained high-grade sampling results from the Becks Point area within the wider Hillgrove Gold-Antimony Project in New South Wales.  

Geological mapping and grab sampling was conducted over the Becks Point area and a total of 35 samples were taken with peak assay results of 20 g/t gold, 22.5% antimony and 1.33% tungsten.

Most notably, these results suggest the Becks Point area, which hosts numerous prospects with associated historical workings, is potentially the southern continuation of the substantial Freehold mine trend.

The workings include the Morton’s, Bieber’s and Becks Spur prospects as well as the Freestone and Fishers mines.

Becks Point sampling results


Several north-west south-west trending mineralised zones were identified with quartz breccias in strongly altered diorite.

Two north-east south-west trending shears with associated lamprophyre dykes were also identified near the Becks Spur prospect and Freestone mine.

The Freehold – Becks Point mineralisation structure is about 1.1 kilometres west of the Eleanora / Garibaldi structure.

The Eleanora / Garibaldi structure has a strike length in excess of 4 kilometres sunning from Cosmopolitan North to Brackins Spur and is one of the most intensely mineralised trends in the Hillgrove Mineral Field.

Potential pathway to gold production

Hillgrove is near Armidale, NSW within a mining district that holds a long operational history and since 2004 more than $180 million has been invested in the Hillgrove underground mine.

The plant can produce saleable antimony-gold and refractory gold concentrates and has the potential for gold doré.

The current JORC 2012 resources are 2.8 million tonnes grading 5.1 g/t gold and 1.7% antimony for 459,000 ounces of gold and 48,000 tonnes antimony.

The Hillgrove acquisition provides a clear pathway to gold however study work to optimise the processing flowsheet and mine plan is planned prior to the restart.

Quick facts: Red River Resources Limited

Price: 0.155 AUD

Market: ASX
Market Cap: $79.62 m

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