Red River Resources Ltd (ASX:RVR) has reported further high-grade assay results up to 39.3 g/t gold and 2,750 g/t silver from drilling at the New Queen Lens (Liontown Project), part of the Thalanga Operations in Queensland.
The company’s shares are trading about 7% higher intra-day, at 14 cents.
Notable drill intersections include:
- LTDD19015 intersected 28.50 metres at 0.2% copper, 2.2% lead, 4.2% zinc, 1.7 g/t gold and 171 g/t silver (11.8% zinc equivalent) from 69.80 metres down-hole; including:
- 3.85 metres at 0.6% copper, 7.6% lead, 15.8% zinc, 4.5 g/t gold and 218 g/t silver (32.4% zinc equivalent) from 84.15 metres down-hole; and
- 1 metre at 0.5% copper, 3.3% lead, 4.2% zinc, 5.9 g/t gold and 2,750 g/t silver (80.5% zinc equivalent) from 94 metres down-hole.
- LTDD19018 intersected 5.05 metres at 0.2% copper, 2.4% lead, 4.0% zinc, 3.3 g/t gold and 25 g/t silver (9.0% zinc equivalent) from 77.45 metres down-hole.
New Queen Lens long section
The Liontown Project comprises polymetallic volcanic hosted massive sulphide (VHMS) deposits and a gold-rich copper mineralised vein system.
The project has a current resource of 3.6 million tonnes at 10% zinc equivalent.
Red River commenced drilling at Liontown in June 2019 and has completed 34 drill holes (5,278 metres drilled) to date, with assay results received for 18 holes.
The company is awaiting assays for the remaining 16 holes, which are expected shortly.