Liontown drill results show potential to expand Thalanga
Assay results from the New Queen Lens and the Main Lens within that deposit indicate potential for a near-term mining opportunity to add to the existing Thalanga operations.
The company says the current drilling is confirming the gold-rich polymetallic nature of the Liontown deposit.
“We are impressed with the results from Liontown, which are demonstrating the potential of this deposit to add to the mine life of our Thalanga operations,” Red River managing director Mel Palancian said.
“The New Queens Lens has potential to become a starter pit, targeting the shallow high-grade polymetallic mineralisation while results from the Main Lens support a possible underground mining operation.
“In addition, we are remodelling the Carrington Lode using historic and new results to design a drill program to better target the gold in that system and define a Mineral Resource.”
Liontown is 32km east of Red River’s Thalanga operations, and the trucking route to the processing facilities would be 107km (21km on an unsealed road then 86km via the sealed Gregory Development Road and Flinders Highway).
Red River started drilling at Liontown in June, with two diamond drill rigs currently active.
The drill program is expected to finish in the first quarter of 2020.
Lendlease Building has been appointed managing contractor for the $176 million Cairns Convention Centre upgrade.The project is expected to support abo...
A scoping study shows a strong case for the development of an open-cut gold mine at Mount Mackenzie in Central Queensland, Resources and Energy Group...