- Red River Resources has identified gold potential at a waste rock dump in the Bakers Creek gold mine
- Red River recently acquired the Hillgrove gold-antimony project in New South Wales which hosts the Bakers Creek gold mine
- Previous sampling returned a weighted average grade of 3.49 grams per tonne of gold
Red River Resources has identified gold potential at a waste rock dump in the Bakers Creek gold mine.
The Bakers Creek waste dump was created during the mining of Bakers Creek, which operated from 1877 to 1921.
The ore was hand sorted underground and again on the surface, with the waste containing rejects from the sorting. The dump is approximately 105 metres by 70 metres in area and 15-20 metres deep.
In 2006, Straits Resources sampled the waste rock dump using an excavator to dig test pits. A total sample weight of 64.19 kilograms was taken with a weighted average grade of 3.49 grams per tonne of gold.
Straits did not conduct further work as the gold grades were below the cut-off grade at the time.
Red River is exploration company that aims to create prosperity through lean and clever resource development.
The company recently bought the Hillgrove gold-antimony project in New South Wales, which hosts the Bakers Creek gold mine. The acquisition will enable the company to build a multi-asset operating business focused on base and precious metals.
Bakers Creek also shows potential based on historical mining which intersected gold mineralisation in 1887.
“Red River understands that gold production ceased because of the limited technology at the time for mining at 500-metre depths and that the mineralisation remains open,” the company said.
Red River has commenced metallurgical sampling on the dump, with test work to follow shortly after.