- Todd River Resources (TRT) has intersected significant shallow base metal mineralisation in a recent reverse circulation (RC) drilling at its third prospect in Mt Hardy
- Results from the Laver prospect highlight the success of the recently completed reconnaissance RC drilling program
- Laver is now the third prospect with confirmed base metal mineralisation intersected at depth during initial reconnaissance RC drilling
- The company intends to complete a down-hole EM survey on the deepest holes drilled on each prospect
- Todd River is down 3.45 per cent on the market today and is trading at 2.8 apiece
Todd River Resources (TRT) has intersected significant shallow base metal mineralisation in recent reverse circulation (RC) drilling at its third prospect, Laver, in Mt Hardy.
Results from the Laver prospect, located 1.2 kilometres east of the Hendrix deposit, highlight the success of the recently completed reconnaissance RC drilling program, which returned mineralised intervals from five of the prospects tested.
Laver is now the third prospect with confirmed base metal mineralisation intersected at depth during initial reconnaissance RC drilling.
Drilling at the prospect targeted a 250-meter strike length of outcropping base metal gossan that has a number of thicker zones and occurrences of highly anomalous base metal rock chip samples.
Results showed 15 meters at 0.4 per cent copper, 1.7 per cent lead, 5.4 per cent zinc and 29g/t gold (7.5 per cent combined base metals) from 111 meters, including: 3 meters at 0.6 per cent copper, 1.5 per cent lead, 11.7 per cent zinc and 39.4g/t silver (13.8 per cent combined base metals) from 111 meters.
Managing Director Will Dix says the results from Laver continued the exceptional strike rate of the reconnaissance RC drill program.
“The regional RC program has been an extremely cost-effective way of testing the broader potential of the Mount Hardy Project outside of the maiden Inferred Resource at Hendrix,” Will said
“We have intersected encouraging zones of shallow, high-grade base metal mineralisation at most prospects, with the most recent drilling intersecting Hendrix-style mineralisation at an emerging satellite prospect at Laver, just to the east,” he added.
Todd River intends to complete a down-hole EM survey on the deepest holes drilled on each prospect. This work will be completed in December and will focus on accumulations of massive sulphides, during the 2020 drilling campaign.
“This will potentially allow us to ‘see’ any accumulations of massive sulphide mineralisation at depth which will need to be further evaluated with deeper drilling early next year,” Will told the market.
“We are now fine-tuning our exploration program for what is shaping up as a defining year for Todd River in 2020,” he added.
Todd River is down 3.45 per cent on the market today and is trading at 2.8 apiece at 1:28 pm AEDT.