Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Todd River Resources has received further significant results from a reverse circulation drilling program at its Mt Hardy Project
  • Drilling at the Hendrix South and Gilly prospects returned positive outcomes, particularly at Hendrix South where all holes intersected sulphide mineralisation
  • The company considers these results to be a strong platform from which to expand in its 2020 drilling program
  • Todd River’s shares are up 3.23 per cent today, with shares trading for 3.2 cents

Todd River Resources has received further significant results from a recent reverse circulation (RC) drilling program at its Mt Hardy Project.

The drilling program targeted new prospects previously identified through mapping and surface sampling, including the successful drilling at Gilly North.

Gilly North is approximately 1.5 kilometres north of the 2.6Mt at 10.5% zinc equivalent maiden resource estimate at Hendrix announced earlier this year.

RC drilling at the Hendrix South prospect returned significant results in two of the first three holes.

Results include 28m at 0.2% Cu, 0.6% Pb, 2.4% Zn and 12g/t Ag (3.2% combined base metals) from 82m and 5m at 0.7% Cu, 0.8% Pb, 2.0% Zn and 24g/t Ag (3.5% combined base metals) from 28m.

Drilling at Hendrix South identified sulphide breccia and stringers in each hole. All holes drilled at this prospect intersected sulphide mineralisation and sit well outside the current resource wireframe.

Company Managing Director Will Dix is pleased with the drilling results.

“The assays received from our first foray into regional reconnaissance drilling at Mt Hardy are very impressive considering that this is the very first drilling into each of these prospects,” Will said.

RC drilling at the Gilly prospect, which is located north 1.3 kilometres north of Hendrix, also returned positive results.

Results include 11m at 0.4% Cu, 0.5% Pb, 2.3% Zn and 41g/t Ag (3.2% combined base metals) from 28m, 7m at 0.4% Cu, 0.3% Pb, 4.1% Zn and 15.4g/t Ag (4.8% combined base metals) from 23m, and 2m at 0.5% Cu, 0.2% Pb, 4.4% Zn and 84.5g/t Ag (5.1% combined base metals) from 49m.

Todd River sees these results as a strong platform from which to expand next year.

“We are already well advanced in planning our 2020 exploration programs to further build on the exceptional work that the exploration team has carried out this year,” Will said.

The company plans to complete a down-hole EM survey on the deepest holes drilled on each prospect. This work will be completed this month and is set to enable further targeting drilling which will focus on massive sulphides.

“We will be aggressively targeting extensions to mineralisation we have identified with the aim of adding to the current resource inventory of the Project at Hendrix,” Will concluded.

Todd River’s shares are up 3.23 per cent today, with shares trading for 3.2 cents at 11:16 am AEDT.

TRT by the numbers
More From The Market Herald
Champion Iron (ASX:CIA) - CEO, David Cataford

" Champion Iron (ASX:CIA) achieves record net income in June quarter

Champion Iron (ASX:CIA) has achieved a record net income of C$75.6 million (roughly A$78.9 million) during…
Champion Iron (ASX:CIA) - CEO, David Cataford

" Champion Iron (ASX:CIA) to return to full production at Bloom Lake

As of April 15, mining services have been deemed a "priority service", so Champion can ramp…
Champion Iron (ASX:CIA) - CEO, David Cataford

" Champion Iron (ASX:CIA) winds down mining at Bloom Lake

Mining company Champion Iron (CIA) will decrease operations at its Bloom Lake mine in Canada, per a government directive.

" A recommissioned mine pushes Champion Iron over a significant milestone

Canadian based mining explorer Champion Iron reached its ten-millionth shipped tonne of iron ore today, thanks…