The Thalanga Project consists of EPM 16929 and a portion of EPM 10582, and is located 60km SW of Charters Towers in Central Queensland.
The project contains the Thalanga volcanic hosted massive sulphide deposit, which is the largest known body of pyritic copper-lead-zinc-silver mineralisation in the within the Mt Windsor Volcanics.
A pre mining non JORC compliant resource1 of 6.35Mt @ 2.2% Cu, 3.9% Pb, 12.3% Zn, 0.6 g/t Au and 99g/t Ag was defined at Thalanga in addition to a copper rich supergene resource of 489,000 tonnes @ 6.8% Cu, 2.3% Pb, 8.7% Zn, 0.85g/t Au and 89g/t Ag and a gold-silver resource of 184,000 tonnes @ 1.68g/t Au and 96g/t Ag, for a total resource of 7.0Mt @ 2.5% Cu, 3.7% Pb, 11.7% Zn, 0.6g/t Au and 98g/t AgTotal recorded production from Thalanga exceeded 4 million tonnes at 1.6% Cu, 3.0% Pb, 9.3% Zn, 0.4 g/t Au and 77g/t Ag2 from Thalanga West, Vomacka and Thalanga East. Thalanga was mined from 1989 to 1998, and the Vomacka open pit was mined from 2010 to 2012.
1 Gregory, P.W., Hartley J.S. and Willis, K.J.A., (1990) Thalanga zinc-lead-copper-silver deposit, in Geology of the Mineral Deposits of Australia and Papua New Guinea (Ed. F.E. Hughes), pp. 1527-1537 (The Australasian Institute of Mining and Metallurgy: Melbourne)
2 Otterman (2006) Independent Consulting Geologist’s Report, Liontown Resources
The Thalanga Project currently hosts a total JORC Code (2012) compliant Mineral Resource of 2,289kt grading 1.2% Cu, 2.3% Pb, 6.9% Zn, 0.2g/t Au and 53g/t Ag at West 45, Thalanga Far West and Orient.
Red River believes that based on the work carried out to date, there is sufficient evidence to define an Exploration Target of 900 – 1,300kt @ 10.0% - 15.0% Zn equivalent at Thalanga Far West.
Red River is seeking to restart production at Thalanga Operations at end of 2015. Initial production is expected to be from the partially developed West 45 project. Red River is currently working on the West 45 restart study and this is expected to be completed in Q2 CY2015.
Red River has also recently commenced work on the Thalanga Far West scoping study to determine the best possible way to develop Thalanga Far West and bring this resource into production.
Red River has also commenced design a drill program with the objective of converting the Exploration Target into a Resource.