Red River Resources Ltd (ASX:RVR) has hailed the latest high-grade visible gold intersections at its Bakers Creek prospect, part of the Hillgrove Gold Project in New South Wales, which it says opens up a new expansive area of potential mineralisation.
The company believes Bakers Creek has good potential to host a high-grade gold deposit, making the prospect a high priority target for follow-up drilling in 2023.
Assays from three follow-up drill holes on Bakers Creek's Little Reef lode returned:
- BKC009: 0.4 metres at 96.8 g/t gold in the northwest;
- BKC008: 0.45 metres at 257 g/t gold in central; and
- BKC010: 0.6 metres at 108.0 g/t gold in the southeast.
BKC010 also featured an 80-metre structure in the footwall of Little Reef that contained a visual gold bearing breccia intersection of 0.4 metres at 525 g/t gold.
Core tray BCK009 displaying breccia between 449.6 and 450 metres containing 96.8 g/t gold.
High priority in 2023
The Bakers Creek deposit is located between the Eleanora-Garibaldi and the Sunlight/Blacklode deposits.
The Eleanora-Garibaldi and the Sunlight/Blacklode deposits form part of the wider Hillgrove Mineral Field, which has a JORC 2012 mineral resource of 7.23 million tonnes at 4.5 g/t gold and 1.2% antimony.
There is no mineral resource defined for the Bakers Creek deposit as yet. Additional drilling will be requred to identify the bounds of the mineralisation prior to assessment for a mineral resource estimate (MRE).
The latest results suggest a great potential for future resource growth for Bakers Creek, which Red River has placed on high priority for 2023.
Bakers Creek long section displaying Little Reef intersection locations.