Red River Resources to Start Drilling at Thalanga Zinc Project

Red River Resources Ltd. (ASX:RVR) announced plans to begin a diamond drilling program at its Thalanga zinc project in North Queensland during the second week of May.

Highlights include:

• Initial program of 2,250m of diamond drilling targeting induced polarisation (IP) anomalies
• Diamond drilling expected to start on 13 May
• Initial drill program expected to take 10 weeks – targeting untested and newly defined targets at Thalanga East Hanging Wall and Wattle Tree
• First significant exploration drilling since 1998 at Thalanga

Donald Garner, managing director of Red River, commented:

The start of exploration drilling at the Thalanga Zinc Project is an exciting step for the Company. Based on the results of our recent IP survey combined with the re-interpretation of historical exploration data, we have identified multiple untested targets at Thalanga and Liontown-Waterloo.

As a team, we are all pleased to start drilling, as this marks the culmination of many months of hard work on our exploration strategy at the Thalanga Zinc Project.

Red River is in a unique situation amongst our peers, as we own the Thalanga Mill, a 600ktpa capacity polymetallic processing facility capable of producing separate lead, zinc and copper concentrates. This facility is currently on care & maintenance, and we are targeting to restart production at Thalanga by the end of 2015.

Having access to the Thalanga Mill will enable Red River to swiftly monetise any exploration discoveries, and also potential discoveries that would not be economic if we had to construct a stand alone milling facility.

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