Northern Territory focussed explorer Todd River Resources (ASX: TRT, “Todd River” or “the Company”) has enjoyed significant exploration success in the two years since their early 2017 listing on the ASX and our initiation note. The Company, which is a spin-out from TNG Limited (ASX: TNG, “TNG”), has concentrated activities on the Mount Hardy Project (“Mount Hardy”), some 300km NW of Alice Springs, with this resulting in the discovery of high grade polymetallic structurally controlled mineralisation.
Drilling activities have concentrated on the EM1 target, and have returned excellent results, including an intersection of 35.54 m @ 14.7% Zn, 2.92% Pb, 0.91% Cu and 59 g/t Au from 431.54 m in MHDD0043, with mineralisation defined from surface to a depth of 500 m (and still open). Initial metallurgical testwork has also returned excellent results, indicating that separate high quality Cu, Pb and Zn concentrates can be produced through sequential flotation.
