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    zinc investing

    Red River Commences Work on Second Underground Zinc Mine

    Scott Tibballs
    May. 17, 2018 10:39AM PST
    Base Metals Investing

    Far West has a current JORC Reserve of 1.5Mt at 12.0 percent zinc equivalent and a minimum mine life of five years.

    Zinc producer Red River Resources (ASX:RVR) has announced that development activities have commenced at Far West – the company’s second underground mine.

    According to the release, the Far West portal site has been cleared, and drilling has commenced with the main blast expected this week. Underground development is expected to commence shortly after the completion of the box cut. The company is going through the contractor selection process for the UG development.

    As highlighted in the press release:

    • Red River has commenced development of the Thalanga Far West underground mine – portal site has been cleared and box cut drilling has commenced

    • Underground development expected to commence shortly after the completion of the box cut

    • Far West has a current JORC Reserve of 1.5Mt at 12.0 percent zinc equivalent and a minimum mine life of five years

    Click here to view the full Red River Resources (ASX:RVR) press release.

    zinc investing
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