Red River Resources Limited (ASX: RVR) is pleased to report visible gold in drill hole BKC008 from its drilling underway at Bakers Creek, part of its Hillgrove Gold Project in New South Wales. The drilling aims to identify extensional mineralisation at the historic Bakers Creek Mine, which produced 304koz of gold from 176kt of ore from ~1880 - 19161.


HIGHLIGHTS

  • Significant visual gold in Red River’s first hole at Bakers Creek (BKC008), discovers extensional gold mineralisation at the historic mine
  • Assays returned 4.50m @ 29.5 g/t gold (Au) and 0.3% antimony (Sb) from 466.0m downhole including
    • 0.45m @ 257g/t Au from 467.75m
  • 50+ pieces of visible gold observed ranging from sub-millimetre to 2mm2 in size (Figure 1)
  • Bakers Creek historically produced more than 300,000oz of high-grade gold1 and was the most productive deposit in the Hillgrove field
  • It has seen minimal exploration in the past century, with Red River’s BKC008 only the fourth hole drilled through Little Reef since mining ceased around 1921
  • Red River’s follow-up hole BKC009 is currently being drilled, with two further holes planned to test targets around the Bakers Creek historic workings.

Priority assays from 15.8m of core drilled at BKC008 returned 0.45m @ 257g/t Au from 467.75m within 4.50m @ 29.5 g/t Au and 0.3% antimony (Sb) from 466.0m.

Red River Managing Director Mel Palancian said:

“We are blown away by the high-grade gold from the first hole at our Bakers Creek drilling, exceeding our expectations and it’s just the start of our drill program. This result could be a game changer for us at Hillgrove.

“Bakers Creek produced high-grade gold more than 100 years ago, but it has seen only minimal modern exploration since then. Our first hole was a big step out from the workings and is showing signs there may be much more of this high-grade gold mineralisation yet to be discovered.

“We will continue drilling at Bakers Creek to discover extensions to the gold mineralisation and build our resources at Hillgrove.”


Click here for the full ASX Release

This article includes content from Red River Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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