- Red River Resources (RVR) encounters broad mineralised zones of gold and antimony at the Hillgrove mine in New South Wales
- Results have been received for another four holes drilled at the Eleanora-Garibaldi area which returned lower grade gold and antimony over broad intervals as well as high grades
- The company says the results are encouraging as they build confidence in transitioning the Hillgrove mine into a larger-scale gold operation
- Company shares flat at 19.5 cents
Red River Resources (RVR) says assays from four holes drilled at its Hillgrove gold mine in New South Wales have intercepted broad mineralised zones of gold and antimony.
The holes were drilled at the Eleanora-Garibaldi area and encountered three parallel lodes of structurally controlled gold-antinomy mineralisation. The three north-south striking lodes include the Main Lode, a southern continuation of the main Eleanora system, the Central Lode and the East Lode.
The company highlighted the following results: 14.5 metres at three grams of gold per tonne (g/t) and 1.1 per cent antimony from 22.5 metres including 6.5 metres at 4.6g/t gold and 1.9 per cent antimony from 24.5 metres in hole ELG164.
Additional results include broader mineralised zones of 36 metres at 0.6 g/t gold and 0.2 per cent antimony from seven metres, and 26 metres at 0.6 g/t gold and 0.1 per cent antimony from 131 metres including 0.7 metres at 6.9 g/t gold and seven per cent antimony from 29 metres.
Red River said it was encouraged to see broad mineralised zones containing high-grade intercepts as they build confidence in potentially transitioning Hillgrove from a historical narrow vein project into a larger-scale gold operation.
Drilling at Eleanora-Garibaldi has been completed and the deposit remains open. Drilling at Sunlight and Cosmopolitan is continuing with another seven holes completed and assays pending.
Company shares were unchanged at 19.5 cents at 12:44 pm AEDT.