Red River Resources Ltd (ASX:RVR) (FRA:R1R) has announced strong results from two diamond drill holes at Curry’s Load at its Hillgrove Gold Project in New South Australia.
The two holes for a total of 349.4 metres were following up on the company’s phase one drilling program (7 holes for 776.4 metres) last year, which confirmed the presence of high-grade gold-tungsten mineralisation with associated antimony mineralisation at the deposit.
Peak assays up to 27.1 g/t gold, 4.2% antimony, and 0.39% tungsten were received, with results including:
- 5 metres at 9.2 g/t gold, 0.6% antimony and 0.38% tungsten from 144 metres down hole, including 2.90 metres at 15.3 g/t gold, 1.1% antimony and 0.73% tungsten from 144 metres down hole including 0.55 metres at 27.1 g/t gold, 4.2% antimony and 0.39% tungsten from 146 metres down hole; and
- 0.7 metres at 2.9 g/t gold and 0.3% tungsten from 26 metres down hole.
Curry’s Load – drilling plan
Next steps
The company completed the Curry’s Lode drilling program with the assistance of the Department of Regional NSW and the Geological Survey of NSW Cooperative Drilling Funding Scheme.
Red River is now undertaking a detailed review of the drilling to plan the next drill program, which will focus on the extended high-grade mineralisation along strike and at depth.
The current exploration focus is drilling the Eleanora-Garibaldi lode within the Hillgrove Project, with the aim to convert the mineralisation to JORC 2012.
This is expected to be completed in mid CY2021.
Shares in the company are up 4.65%, trading at $0.23 per share.