Isabel is one of the two known highest-grade silver-indium projects in
Red River collected the first six samples (ISRX001-006) from the main Isabel mine mullock. The next three (ISRX007-009) were from mullock around a small shaft beside the track. Samples ISRX010-013 were from mullock at the northern shaft. Samples ISRX014-018 were from the Isabel Extended area with samplesIXR016- 018 from mullock at a shaft on the side of the hill. Sampling has confirmed the presence of exceptionally high-grade polymetallic massive sulphide mineralisation in the project area.
Mareeba Mining engaged independent geological and mining consultants Watts, Griffis and McOuat (WGM) to complete an evaluation of the Isabel deposit (preliminary mining study) and
Cautionary Statement
Readers are cautioned that the historical estimate for the Isabel Deposit, referred to in this announcement is a historical estimate under ASX Listing Rule 5.12 and is not reported in accordance with the JORC Code. A Competent Person has not done sufficient work to classify the historical estimates as mineral resources or ore reserve in accordance with the JORC Code. It is uncertain that following evaluation and/or further exploration work that the historical estimates will be able to be reported as mineral resources or ore reserves in accordance with the JORC Code.
The Lady Isabel Extended target area is approximately 150m south of the Isabel deposit. No recorded mining has taken place within the Lady Isabel Extended target area but numerous small diggings with shafts and development to about 6m depth or so are present.
In the early 1970s, Mareeba Mining completed geological mapping, soil geochemistry and an IP survey, followed by additional geophysical surveying, geochemistry and drilling in the early 1980s. Six NQ diameter diamond drill holes targeting geophysical and geochemical anomalies were completed, MIED 1, 2 and 3 in 1980 and MIED 4, 5 and 7 in 1981. Material polymetallic massive sulphide mineralisation was intersected in drill holes MIED 1 and MIED 3.
Next Steps
Red River plans to acquire unreleased historic drill data on EPM27221 from the
About
RVR is seeking to build a multi-asset operating business focused on base and precious metals with the objective of delivering prosperity through lean and clever resource development. RVR's foundation asset is the Thalanga Base Metal Operation in
Contact:
Mel Palancian
Tel: +61 3 9017 5380
Email: mpalancian@redriverresources.com.au
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