- Red River Resources has found traces of copper, lead, zinc and gold at its Liontown project, Queensland
- Liontown has a mineral resource of 3.5 million tonnes at 10 per cent zinc equivalent
- Red River Resources’ share price has taken a 6.06 per cent hit today to sit a $0.16 apiece
Red River Resources has found traces of copper, lead, zinc and gold at its Liontown project, Queensland.
The high-grade results were found through a five hole drilling campaign. Each hole intercepted ploymetallic massive sulphide mineralisation.
According to the company, the findings are consistent with previous drill data, affirming the Liontown deposit as high-grade, gold-rich and ploymetallic in nature.
The Liontown project has a mineral resource of 3.5 million tonnes at 10 per cent zinc equivalent. Mining is expected to commence at the project in 2023, following all development activities.
Liontown makes up part of the Thalanga Operations which also includes the West 45, Far West, Waterloo and Orient deposits. The Thalanga mill can produce up to 650,000 tonnes per year.
Base metal concentrates are produced across all operations, including copper, lead, zinc, silver and gold.
Red River Resources’ share price has taken a 6.06 per cent hit today to sit a $0.16 apiece, as of AEST 3:45 pm.