Red River Resources Ltd (ASX:RVR) (FRA:R1R) has hit multiple high-grade gold-antimony intersections at its Hillgrove Gold Project in New South Wales during an 11-hole follow-up drilling program at the Eleanora-Garibaldi prospect.
Geological interpretation of results received from the Eleanora-Garibaldi area is well underway and RVR expects to complete a resource update by the end of July 2021.
Results received from drilling to date have confirmed the presence of high-grade gold-antimony mineralisation in Eleanora-Garibaldi and highlighted the broader gold halo around the system.
The company believes this latest drilling demonstrates the potential to develop Eleanora/Garibaldi as an additional feed source to the Hillgrove Operation.
Drilling results
Drillhole ELG152 intersected 8.5 metres at 2.34 g/t gold from 140.7 metres downhole, including 4.20 metres at 4.05 g/t gold and 2.7% antimony from 145 metres downhole.
In drill hole ELG155, 4.2 metres at 2.11 g/t gold and 6.5% antimony from 182.7 metres downhole was returned with ELG157 intersecting 5 metres at 2.66 g/t gold and 2.2% antimony from 210 metres downhole, including 1.8 metres at 6.23 g/t gold and 5.8% antimony from 210 metres downhole.
ELG159 intersected 7 metres at 2.43 g/t gold from 135 metres downhole, including 4 metres at 3.78 g/t gold from 135 metres downhole.
RVR has now received assays for drill holes ELG149 through to ELG159 in the follow-up Eleanora-Garibaldi drill program.
Growing the Hillgrove mineral resource base
Red River is planning more drilling at Eleanora-Garibaldi to further upgrade its resource and determine if expanding the historic open pit is a viable option.
This second phase of drilling consists of 15 drill holes for a combined 1,720 metres, targeting shallow intercepts under the current pit.
Drilling at Sunlight to expand the existing mineral resource is expected to begin shortly.
The first five holes scheduled will be drilled from surface for a total of 1,305 metres with an additional 41 holes planned to test Sunlight at depth.
RVR has re-drilled ELG153 due to core loss through the target zone and is awaiting assays.