- Red River Resources (RVR) will be increasing exploration activities at its Thalanga Operations in Northern Queensland
- The aim of these activities is to increase production and extend the mine life of Thalanga
- Red River has begun a micro gravity survey to target polymetallic and copper-rich massive sulphide mineralisation
- Once the survey has been completed, Red River will review both new and historical data to determine priority targets for follow up drilling
- Furthermore, the company believes the survey will help identify if there are any gravity anomalies that are associated with large-scale feeder systems
- Red River is up 4.35 per cent and shares are trading at 24 cents
Red River Resources (RVR) will be increasing exploration activities at its Thalanga Operations in Northern Queensland.
Thalanga lies roughly 55 kilometres west of Charters Towers and consists of a 650,000-tonne-per-annum mill, which produces copper, lead and zinc concentrate.
The aim of these activities is to increase production and extend the mine life of Thalanga.
Red River has begun a micro gravity survey to target polymetallic and copper-rich massive sulphide mineralisation.
The survey will focus on an area four kilometres northwest of the Highway Reward deposit which is highly prospective for copper-rich massive sulphide mineralisation.
Gravity surveying is effective in identifying massive sulphides because the mineralisation represents a gravity high.
Once the survey has been completed, Red River will review both new and historical data to determine priority targets for follow up drilling.
Furthermore, the company believes the survey will help identify if there are any gravity anomalies that are associated with large-scale feeder systems.
Red River is up 4.35 per cent and shares are trading at 24 cents at 12:12 pm AEDT.