Promising results from Liontown drilling
The Liontown project comprises the significant polymetallic massive sulphide deposits at Liontown and Liontown East, which have a total mineral resource of 3.6 million tonnes at 10.0 per cent zinc equivalent.
Red River commenced the current Liontown drilling program in June with the aim of better defining the resource for development and to increase it.
Full assay results are back for five holes, with all five hitting high-grade polymetallic massive sulphide mineralisation in the Liontown Main Lens.
Two drill holes have intersected broad zones of polymetallic mineralisation with strong gold grades in the New Queen Lens about 35m below surface.
New Zealand-based Chatham Rock Phosphate has made a $12.3 million deal to acquire the Korella phosphate mine, 150km south-east of Mount Isa.The compan...