The Truncheon Project is situated approximately 3kms north-east of the mined Highway-Reward deposit, approximately 30kms south of Charters Towers.

Truncheon Project Location

Tenement

The Highway-Reward deposit consisted of a cluster of pipe-style VHMS bodies with a pre-mining resource of 3.8Mt @ 6.2% Cu & 1g/t Au.

The Truncheon Project contains two main prospect areas, Keystone and Truncheon:

The Keystone prospect consists of discrete 1.5km long coincident Cu-Pb-Zn soil anomaly within the Mt Windsor formation. Gossanous horizons have been identified and rock chip samples recording up to 1520ppm Cu, 2320ppm Pb & 1420ppm Zn. Historically, only one drill hole has been drilled at Keystone which failed to test the best of the soil anomaly. The drill hole intercepted strongly pyrite-sericite-chlorite altered volcanics, an alteration assemblage typical of a position proximal to massive sulphide mineralisation. Red River intend on conducting modern geophysical surveys at Keystone in order to focus further drill testing of this VHMS target.

The Truncheon prospect consists of a strong Cu-Zn soil anomaly, coincident with a gravity and IP anomaly, flanked by a zone of strong argillic alteration at surface. The Truncheon prospect is hosted with the Trooper Creek Formation, the same volcanic terrain as the Highway-Reward deposit and displays similar geochemistry and geophysical characteristics. Historic drilling at Truncheon is shallow and sparse however recorded intercepts include HT031; 3m of massive pyrite, TNTCM0207; 3m @ 0.78% Cu from 188m and 36m @ 0.26% Cu from 208m and TNTCM209; 4m @ 0.46% Cu from 181m and 4m @ 0.18% Cu from 193m. Down hole EM has also identified an off-hole conductor at depth which remains to be tested. Red River consider the Truncheon prospect a high calibre drill ready pipe-style VHMS target.