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Red River Resources has drill spinning at Hillgrove Gold Project

The drilling program is expected to take around 20 days to complete across both the Eleanora Uppers and Curry’s Block targets.

Red River Resources Limited - Red River Resources commences drilling at Hillgrove Gold Project
Drilling has commenced at the Eleanora Uppers target

Red River Resources Limited (ASX:RVR) has started drilling at its Hillgrove Gold Project in NSW as it aims to restart production at the end of the year.

The initial 14-hole program for about 1,310 metres is targeting high-grade gold mineralisation at Eleanora Uppers and Curry’s Block prospects.

An initial eight-hole program of 690 metres will target shallow high-grade gold mineralisation in the upper levels of the Eleanora Lode.

After this, a six-hole, 620-metre program will be completed at Curry’s Block, where surface sampling carried out by Red River defined extensive high-grade gold-antimony mineralisation.

Eleanora Uppers target

Historical sampling and reverse circulation drilling at the Eleanora Lode have indicated the potential to define a shallow high-grade gold resource close to the Hillgrove mill.

This lode is open at depth with the deepest hole intersecting 9 metres at 3.6 g/t gold equivalent.

The company has a JORC 2004-compliant mineral resource for Eleanora and is working to convert this into a JORC 2012-compliant mineral resource with the planned drilling.

Curry’s Block prospect

Red River geologically mapped and sampled the Curry’s Block prospect in October 2019, with historic mine workings in the area found to be far more significant than previously thought.

The highest grades obtained were 48.9 g/t gold, 10.55% antimony and 8.8% tungsten.

Red River believes that the Curry’s Block prospect has great potential, with a strike length of about 1-kilometre, mineralisation at surface, multiple mineralised lodes and high-grade gold, antimony and tungsten mineralisation present in historic workings and waste dumps.

The Curry’s Block drilling will be partially funded by a grant from round three of the NSW Government New Frontiers Cooperative Drilling Grants Program.

Quick facts: Red River Resources Limited

Price: 0.13 AUD

Market: ASX
Market Cap: $67.11 m

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