Total
0
Shares
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
Great Northern Minerals (ASX:GNM) - CEO & Managing Director, Cameron McLean

" Great Northern Minerals (ASX:GNM) gets pleasing one-metre results from Camel Creek

Great Northern Minerals (GNM) has received one-metre composite results from its recent reverse circulation (RC) drilling program at the Camel Creek gold project
Torque Metals (ASX:TOR) - Executive Chairman, Ian Finch

" Torque Metals (ASX:TOR) discovers new gold zone at Paris

Gold explorer Torque Metals (TOR) has discovered a new high-grade zone of gold mineralisation at its Paris Project.
Gibb River Diamonds (ASX:GIB)- Executive Chairman, Jim Richards

" Gibb River Diamonds (ASX:GIB) drilling grows Neta

Phase five aircore drilling at Gibb River Diamonds (GIB) Edjudina Gold Project has extended known mineralisation at the Neta Gold Project in Western

" Nova Minerals (ASX:NVA) intersects further broad, high-grade zones at RPM

Nova Minerals (NVA) has intersected more broad, high-grade zones of mineralisation at the RPM North prospect which is part of the Estelle gold