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Red River Resources discovers high-grade gold and base metals between Liontown deposits

Published by
Global Mining Review,


Australian base metals exploration and development company Red River Resources Ltd (Red River) has reported that it has intersected high-grade gold, copper and zinc in drilling at the Liontown project within the company’s Thalanga operations in northern Queensland (Australia). The drilling was undertaken in an area between the two existing Liontown deposits, known as the ‘Liontown Gap’.

The drilling returned intercepts of gold-rich polymetallic mineralisation that potentially demonstrate continuity between the Liontown and Liontown East mineral resources.

Total mineral resources across the two deposits amounted to 3.6 million t at 10% zinc equivalent.

Highlighted intercepts include:

  • 1.75 m at 16.4 g/t gold, 6.3% copper;
  • 4.1% lead, 4.2% zinc and 56 g/t silver (or 38.2% zinc equivalent) from 419.05 m;
  • and 2.6 m at 15.3 g/t gold, 2.8% copper, 4.5% lead, 8.2% zinc and 43 g/t silver (or 30.2% zinc equivalent) from 236.3 m.
  • The drilling supports potential strike extensions of up to 500 m, which would ultimately link the Liontown and Liontown East mineral resources.

Red River plans to continue drilling the Liontown Gap with the objective of continuing to define gold-rich polymetallic mineralisation and to extend the mineral resource into the area.

The results provide Red River confidence in historical drill assays and confirm the high-grade, gold-rich nature of the Carrington lode mineralisation.

The lode sits in the footwall of the Liontown mineralisation and is hosted in a dacite pumice breccia unit.

The Liontown-Liontown East horizon in the gap area has been identified, but as of yet does not host economic mineralisation.

Red River also received assay results for two other holes in the area, but no material results were returned for either hole.

Read the article online at: https://www.globalminingreview.com/exploration-development/26092018/red-river-resources-discovers-high-grade-gold-and-base-metals-between-liontown-deposits/

 

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Australian mining news