Red River identifies feeder zones with first Wattle Tree drillhole
THE DRILL SERGEANT: Red River Resources (ASX: RVR) has intersected disseminated and stringer, zinc-lead-copper sulphide mineralisation with the first exploration drill hole (TH665) at the company’s Wattle Tree prospect.
The Wattle Tree prospect is part of the company’s Thalanga zinc project, located west of Charters Towers in North Queensland.
Red River claims TH665 has confirmed the presence of:
Mineralised feeder zones similar in nature to feeder zones intersected in historic drill holes beneath the known massive sulphide mineralisation at the Thalanga and West 45 deposits; and
Has also intersected multiple Quartz Eye Volcaniclastic (QEV) units, which the company explained forms the host rock to the massive sulphide mineralisation at Thalanga and West 45, with the more permeable nature of the QEV allowing the mineralising fluids of the feeder zone to penetrate and replace the QEV, depositing massive sulphide mineralisation.
“We are very excited by this result as TH665 has confirmed the presence of the two key ingredients for massive sulphide mineralisation in the Thalanga project area – the mineralised feeder zone and the QEV host rock,” Red River Resources managing director Donald Garner said in the company’s announcement to the Australian Securities Exchange.
“TH665 has hit the plumbing (feeder zone) which is similar in style and nature to the feeder zones associated with Thalanga and West 45.
“The presence of mineralised feeder zones is potentially indicative of a substantial mineralising event, and we have also hit a number of previously unknown QEV units which host the massive sulphide mineralisation at Thalanga and West 45.
“To have identified a previously unknown mineralised system with the second drill hole of Red River’s maiden exploration drilling program at Thalanga is a great result and validates our systematic approach to exploration.”
Red River explained the Thalanga exploration program is part of the company’s overall exploration strategy with the objective of identifying additional resources to extend the mine life of the Thalanga zinc project, where it is working towards restarting zinc production by the end of 2015.
Email: info@redriverresources.com.au
Website: www.redriverresources.com.au