Todd River Resources Identifies New Mt Hardy Mineralised Areas

THE DRILL SERGEANT: Todd River Resources (ASX: TRT) has identified seven new areas of surface mineralisation from a systematic mapping and sampling program carried out at the company’s 100 per cent-owned Mt Hardy copper-zinc project in the Northern Territory.

Todd River Resources identified the new areas of surface mineralisation across the project tenure around known prospects by combining the mapping and sampling with reconnaissance mapping and prospecting over areas of outcrop and disturbance it had previously identified from high resolution satellite imagery.

The company said the sampled material is similar to that at the surface of Mt Hardy’s Hendrix prospect, where a small area of gossanous outcrop is the only surface manifestation of the underlying mineralisation that comprises the Hendrix Mineral Resource estimate of 2.6 million tonnes at 10.5 per cent zinc-equivalent.

Assay results Todd River received from the first batch of rock chip samples returned grades of up to 41.4 per cent combined base metals with the highest individual grades being 28.8 per cent copper, 29.9 per cent lead and 12.7 per cent zinc, all of which are associated with brecciated sulphide material in gossan form.

Source: Company announcement

“Following the maiden Resource estimate for Hendrix, identifying and testing new areas of mineralisation and ultimately adding to the mineral inventory is clearly the priority for us,” Todd River Resources managing director Will Dix said in the company’s announcement to the Australian Securities Exchange.

“These seven new areas of surface gossans and mineralisation, none of which have ever been drill tested, are highly promising.

“It would be highly unusual for the style of mineralisation at Hendrix to occur in isolation and the discovery of new zones of surface mineralisation further reinforces that model.

“We plan to get out on the ground and commence the next phase of exploration on these targets with detailed geophysics to commence early in August and ultimately drilling to follow up refined targets.”

Todd River outlined its August exploration program will focus on a number of priority target areas including adding to the mineral inventory around Hendrix by shallow drill testing the new extensional targets to the south and the north west.

The company also intends testing new electromagnetic conductors north and south of the main Hendrix mineralisation and is keen to follow up the high priority regional targets with a combination of further mapping to determine the extents of the targets, focused geophysics to better define drill targets and ultimately drilling to test the depth extent and continuity of the mineralisation observed at surface.