Good start to Thalanga gold hunt
“The drill results received from the Don are an excellent start to our Thalanga gold exploration program, demonstrating the presence of gold mineralisation at shallow depths,” Red River Resources managing director Mel Palancian said.
“We will continue to explore the Thalanga region for its gold potential, aiming to build our resource inventory at Thalanga while we also ramp up gold production at our Hillgrove Gold Mine in NSW.”
Red River applied for the Toomba and Don exploration tenements near Thalanga in 2020.
Assay results have been received from the first-pass reverse circulation drilling program at the Don (10 holes for 910m) and New Homestead (10 holes for 958m) gold targets.
Multiple RC drill holes intersected high-grade mesothermal gold mineralisation in the Main Vein at the Don, with high grade and wider lower grade intercepts demonstrating the Main Vein potential, Red River said.
Gold mineralisation intercepted at the Don is open in all directions (strike and dip).
Material intersections include 1m at 28g/t gold from 34m down hole, 6m at 2.2g/t gold from 77m down hole (including 1m at 6.4g/t gold from 78m down hole), and 4m at 2g/t gold from 40m down hole (including 1m at 4.7g/t gold from 41m downhole).
Red River plans to undertake first pass RC drilling at the Toomba gold prospect from early May.
The company’s latest quarterly report shows Thalanga operations produced 3068 tonnes copper concentrate, 6959 tonnes zinc concentrate and 1613 tonnes lead concentrate during the March quarter.
The company stopped mining activities in the Far West mine from March 27 to April 1 for an investigation into a safety incident.
It said there were no injuries or equipment damage. The investigation was completed and mine production has returned to normal.
The process plant drew down on ore stockpiles held on the ROM pad to continue production during this period, Red River said.
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