Red River Resources Limited (ASX: RVR) has intersected and mined exceptionally high- grade polymetallic ore at the Far West underground mine, part of its Thalanga Operations in northern Queensland.
Managing Director, Mel Palancian, said that Cut 26 in the 620 Level Western Ore Drive at Thalanga intersected massive and semi massive sulphide ore with a Face grade of 4.7m @ 4.9% Cu, 6.2% Pb, 22.0% Zn, 168 g/t Ag & 1.0 g/t Au (48.3% Zn Eq.)
Cut 36 in the 620 Level Eastern Ore Drive also intersected massive and semi massive sulphide ore, this time with a Face grade of 3.1m @ 3.5% Cu, 6.4% Pb, 12.7% Zn, 99 g/t Ag & 0.6 g/t Au (33.0% Zn Eq.)
Both Cuts have been recently mined, with consistent production from Far West is driving metal production, with Red River achieving record quarterly copper concentrate production in Q1FY21 of 4,073 dry metric tonnes.
Red River is seeking to build a multi-asset operating business focused on base and precious metals with the objective of delivering prosperity through lean and clever resource development.
The company’s foundation asset is the Thalanga Base Metal Operation in Northern Queensland, which was acquired in 2014 and where RVR commenced copper, lead and zinc concentrate production in September 2017.
Red River recently acquired the high-grade Hillgrove Gold Project in New South Wales, which will enable it to build a multi-asset operating business focused on base and precious metals. Gold production at Hillgrove is scheduled to restart at the end of CY2020.