Red River Resources Limited (ASX: RVR) has obtained encouraging high-grade gold intercepts within broader mineralised zones at the Eleanora-Garibaldi deposit from five holes drilled at its Hillgrove Gold Mine in NSW.
Hillgrove has an existing JORC 2012 Mineral Resource of 7.23Mt @ 4.5 g/t Au & 1.2% Sb (1,037koz contained Au & 90kt contained Sb).
Red River’s drill programme at Eleanora-Garibaldi aimed to follow up on the previous drilling on the northern extent of historically mined Eleanora lode. The planned drilling programme at Eleanora-Garibaldi is ongoing. The deposit remains open and is a priority target.
Red River’s Board is completing a strategic review of Hillgrove before re-commencing mining.
Eleanora-Garibaldi Drilling
RVR has received assays for five drill holes in its follow-up Eleanora-Garibaldi drill programme.
Four holes in the north intercepted two parallel lodes of structurally controlled gold-antinomy dominated mineralisation. In the south, a single hole, ELG165 targeted a historically stoped area to test the extent of mineralisation remaining in the stope walls.
This test was a success with the first 2m of the footwall returning assays of 2m @ 3.5 g/t Au and 0.6% Sb. The result further strengthens the case for a wider halo of mineralisation previously unrecognised at Hillgrove.
The northern drilling was designed to target an inferred high-grade shoot and quantify the width of a dilation zone containing high-grade gold and lower-grade antimony. Historically, dilations or wide areas of mineralisation were not mined due to reduced antimony grades.
Red River’s recent drilling of Eleanora pillars show that the width and gold content are encouraging. The drilling has increased the confidence in the northern end of the Eleanora-Garibaldi Mineral Resource.
A further 15 holes have been completed at Eleanora-Garibaldi, assays are pending; results will be disclosed once all assays are received. These holes represent two completed programs, nine holes at Garibaldi as shallow grade control drilling under the historic pit and four holes drilled in the Northern Pillar of Eleanora.
Red River is drilling two further holes to follow up at Eleanora North based on the reported results in this release. Underground drilling at Blacklode-Sunlight has commenced in August after successfully completing two additional holes at Bakers Creek (assays pending).
For further information please visit: https://redriverresources.com.au/
