Red River Resources Limited to Increase Thalanga Production

  • Dec 11, 2018 AEDT
  • Team Kalkine
Red River Resources Limited to Increase Thalanga Production

Decline is scheduled to start in Q1 2019, to advance to the 90m vertical depth and ore production. Far west development is on track to increase Thalanga production and will augment West 45 ore. To extend upper levels of Far West recent drilling has indicated a lot of potentials. Far West has a current JORC Reserve of 1.5Mt @ 12.0% zinc equivalent and a mine life to 2025. The highlights of the drill include TH854: 13.45m, TH844: 3.30m, TH845: 4.95m and TH855: 4.00m.

More than 660m of lateral development has been completed in Far West to date, including 552m of total decline development. The decline is currently at the 920 ore drive cross-cut access and 90m vertical depth. To site to commence the Far West return air rise the raise-borer has been mobilized and second means of egress with completion and ventilation fan installation expected in the March quarter of 2019.

With the drill rig standing down for the wet season, the current Far West drilling program has been completed. Completed for a total of 1,568 meters this program consisted of 11 holes. To the Far West mineralization outside of the currently designed stopping blocks, the program objective was to target extensions.

The drilling results to commence after the wet season in early 2019, confirm that the orebody is not closed off and further drilling is planned to target further extensions of the high-grade mineralization in TH854 and TH855. The results also received indicate the potential to extend planned ore drives and possibly add a level(s) above.

Red River Resources Limited (ASX: RVR) traded at a market price of $0.165 after opening at $0.170 on December 11, 2018; the stock is trading near its 52-week low. However, the stock has seen a performance change of -34.62% over the past twelve months period. The current market capitalization stands at $80.84 million as of today.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK