Right Resources Ltd (ASX: RRE) has defined Exploration Targets at the Kingston and Mary Read prospects within its EL9142 tenement in the New England region of New South Wales, highlighting conceptual gold and silver upside based on historic drilling and geological modelling.
At Kingston, the company has modelled a 650-metre-long mineralised reef system extending to around 100–120 metres’ depth. Historic drilling returned intercepts including 3 metres at 108 g/t gold and 102 g/t silver. The Exploration Target is estimated at 300,000–400,000 tonnes grading 28–39 g/t silver and 3.7–4.9 g/t gold, for 300,000–500,000 ounces of silver and 30,000–60,000 ounces of gold.
At Mary Read, modelled over a 1.5-kilometre strike length, the Exploration Target is estimated at 1.8–4.5 million tonnes grading 10–16 g/t silver and 0.1–0.2 g/t gold, containing 600,000–2.3 million ounces of silver.
The company cautioned that the targets are conceptual in nature and that further drilling is required to define a Mineral Resource. Follow-up geophysical work and targeted drilling are planned to test continuity and scale across both prospects.