Hits Highest-Grade Interval To Date
Red River Resources Limited (ASX: RVR) has received further positive results from its drilling programme targeting the Eleanora Lode at its Hillgrove Gold Mine in NSW, Australia.
The company has received assays for drill holes ELG145, ELG146, ELG147 & ELG148 in the follow-up Eleanora drill programme.
ELG147 returned the highest-grade assay interval drilled to date by Red River at Hillgrove, intersecting 1.00m @ 57.2 g/t Au & 1.6% Sb from 188.00m downhole.
Other results included:
- ELG145 intersected 3.3m @ 1.7 g/t Au from 173.70m down hole
- ELG146 intersected 9.15m @ 4.9 g/t Au & 1.1% Sb from 110.45m down hole including 4.00m @ 9.0
- g/t Au & 2.4% Sb from 112.0m downhole
- ELG147 intersected 10.70m @ 8.6 g/t Au & 0.5% Sb from 180.6m down hole including 2.00m @ 38.2 g/t Au & 2.1% Sb from 188.00m downhole; and
- ELG148 intersected 15.00m @ 7.7 g/t & 1.4% Sb from 156.0m down hole including 6.10m @ 13.9 g/t Au & 2.5% Sb from 157.00m down hole and including 1.10m @ 30.1g/t Au & 2.0% Sb from 162.0m downhole.
The company told shareholders that the results received from drilling to date have confirmed the presence of high-grade gold-antimony mineralisation within the Eleanora vein system and demonstrate the potential to develop Eleanora as an additional feed source to the Hillgrove Operation.
Meanwhile,Red River has commenced gold production at Hillgrove, starting from the Bakers Hill stockpile (225kt @ 2.5 g/t Au) through the Hillgrove Processing Plant to produce gold doré before moving onto UG production in Stage 2. In the meantime, the company said it aims to build up the Hillgrove resource base.
Red River is planning drilling over the next three to four months to support the conversion of the Eleanora-Garibaldi JORC 2004 Mineral Resource to a JORC 2012 Compliant Mineral Resource, to accelerate mine planning activities at Sunlight and generate samples for metallurgical test work.
On completion of the Eleanora Uppers Phase 2 drilling programme (penultimate hole in progress), the drill rig will commence the planned Garibaldi drilling.
