Red River’s managing director said that the Far West deposit will extend production at Thalanga operations for at least the next five years.
Red River Resources (ASX:RVR) has announced that works carried out at its Thalanga operations in North Queensland have the potential to increase production there for another five years.
As highlighted in the press release:
- Decline has advanced to 90m vertical depth and ore production is scheduled to commence in Q1 2019. Ore from Far West will augment West 45 ore, and increase production at Thalanga
- Recent drilling has indicated potential to extend upper levels of Far West. Highlights include; TH854: 13.45m at 13.7 percent zinc equivalent from 193.40m down hole including 4.20m at 31.1 percent zinc equivalent from 193.40m down hole plus 6.12m at 11.8 percent zinc equivalent from 218.90m down hole, TH844: 3.30m at 10.5 percent zinc equivalent from 42.00m down hole, TH845: 4.95m at 19.2 percent zinc equivalent from 49.35m down hole, TH855: 4.00m at 11.3 percent zinc equivalent from 230.00m down hole
- Far West has a current JORC Reserve of 1.5Mt @ 12.0% Zinc Equivalent and a mine life to 2025
Managing director of Red River, Mel Palancian said:
“The Far West deposit will extend production at Thalanga Operations for at least the next five years. Production from Far West is on track to start in Q1 2019 and we are planning further drilling to target extensions of the high-grade mineralization in early 2019”