Red River Resources Extends Mine Life of West 45 Polymetallic Deposit

Red River Resources Ltd. (ASX:RVR) announced an updated ore reserve and mineral resource estimate for the West 45 polymetallic massive sulfide deposit at its Queensland-based Thalanga zinc operation. The updated estimate increases the deposit’s mine life until at least 2019.
As quoted in the press release:

• Updated West 45 Ore Reserve of 0.6Mt @ 11.6% Zinc Equivalent – 10% increase in contained metal on a zinc equivalent basis
• Updated West 45 Mineral Resource of 0.6Mt @ 15.4% Zinc Equivalent
• Thalanga Operations (West 45 & Far West) Ore Reserve of 2.1Mt @ 11.9% Zinc Equivalent and Mineral Resource of 2.3Mt @ 15.5% Zinc Equivalent
• West 45 mine life extended to at least 2019, with a period of simultaneous production from West 45 and Far West (from end 2018 to end 2019) resulting in increased mill throughput
• Optimised Life of Mine plan (extended mine life and increased mill throughput) due for release early Q1 2018
• Exploration continuing across Red River’s Mt Windsor Belt portfolio to target further resource inventory increases.

Mel Palancian, managing director of Red River, commented:

Increasing Ore Reserves at West 45 combined with the recently announced maiden Ore Reserve at Far West is an outstanding result for the future of Red River, with the potential for further mine life extensions at depth and along strike.
We are committed to growing resources and reserves at Thalanga and this confirms that our strategy is delivering results and mine life. The West 45 mine life will now extend to at least 2019 allowing the simultaneous operation of both West 45 and the Far West mines in 2019, increasing mill throughput for this period.
With exploration across our landholding in the Mt Windsor Belt in Queensland continuing in tandem to our mining operations, we hope to make new discoveries that can add further life to Thalanga.

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