Red River Resources Limited (ASX: RVR) is pleased to report high-grade silver results from sampling at the Orient silver-indium prospect in Herberton, Northern Queensland.

RVR conducted initial reconnaissance sampling activities over the East and West Orient prospects, with sixteen samples taken at East Orient and eight samples taken from West Orient. The East Orient sampling returned assays up to 1,365 g/t Ag, 444 g/t In, 25.8% Pb and 18.7% Zn and the West Orient sampling returned assays up to 1,730 g/t Ag, 356 g/t In, 39.1% Pb and 32.1% Zn.

The Orient Project (EPM 27223) consists of the West Orient zinc-lead-silver-indium deposit and the East Orient exploration target. The Project is located 9km north of Irvinebank in Northern Queensland. Silver-lead mineralisation was discovered in 1886 and mining activities ceased in 1924.

Mineralisation occurs in vein systems up to 2m wide (controlled by fractures/shears) containing argentiferous galena, cerussite, anglesite, sphalerite, pyrite, marmatite, cassiterite (minor), and stannite (minor). The lead-zinc-silver-indium mineralisation at Orient is believed to represent part of an epithermal precious metals system.

The Orient vein and stockwork mineralisation are associated with a strongly faulted and deeply fractured zone near the margin of a major caldera subsidence structure. For further information on the Orient Project, please refer to the ASX release 'RVR secures high-grade polymetallic silver-indium deposits in QLD' dated 30 July 2020.

RVR collected twenty foursamples during the initial reconnaissance visit to the Orient Prospect. Eightsamples (OERX001 to OERX008) were collected from a variety of material from the Nannum Consolidated mullock dumps, eight samples (OERX009 to OERX016) were collected from mullock dumps and outcrops at a number of different workings along the Orient East Lode. A further eight samples (OWRX001 to OWRX008) were collected from a number of mullock dumps along the line of workings at West Orient. Samples OWRX004 to 006 were from mullock at Watsons Tunnel and samples OWRX007 & 008 were from the main mine and working area (Weinerts).

Sampling has confirmed the presence of high-grade silver-indium-lead-zinc mineralisation at the Orient Prospect. Of note is the consistently high silver grades across all samples (average silver grade of 346 g/t Ag).

Next Steps

RVR will shortly commence a high-resolution drone borne magnetics survey and targeted Induced Polarisation survey at Orient, funded by a $190,000 grant from the Collaborative Exploration Initiative (CEI) - Round 4 which forms part of the Queensland Department of Natural Resource, Mines and Energy's New Economy Minerals Initiative. RVR plans to use the results from the geophysical surveys to plan a drilling programme targeting extensions to the known high grade silver-indium rich vein systems.

About Red River Resources (ASX: RVR)

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 Northern Queensland, which was acquired in 2014 and where RVR commenced copper, lead and zinc concentrate production in September 2017. RVR has recently acquired the high-grade Hillgrove Gold Project in New South Wales, which will enable RVR to build a multi-asset operating business focused on base and precious metals. Gold production at Hillgrove is scheduled to restart at the end of CY2020.

Contact:

Mel Palancian

Tel: +61 3 9017 5380

Email: mpalancian@redriverresources.com.au

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