Todd River Resources (ASX:TRT) - Managing Director, Will Dix
Managing Director, Will Dix
Source: The Market Herald
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Todd River Resources (TRT) updates the market regarding ongoing drilling at its Berkshire Valley Project in Western Australia
  • The ongoing reverse circulation (RC) and aircore drilling is roughly 60 per cent complete with 190 holes drilled and 150 holes remaining to be drilled
  • Drilling along the Eastern Trend has identified the presence of sulphides along the 1.8 kilometre long geochemical anomaly, with results expected in late January
  • Aircore drilling was also completed across the Western Trend to follow up on a number of nickel and copper anomalies, with samples sent for assay
  • Shares in Todd River are down 8.70 per cent on the market and are trading at 8.4 cents

Todd River Resources (TRT) has updated the market regarding ongoing drilling at its Berkshire Valley Project in Western Australia.

The ongoing reverse circulation (RC) and aircore drilling is roughly 60 per cent complete, with 190 holes drilled and 150 holes remaining to be drilled.

Drilling along the Eastern Trend has identified the presence of sulphides in partly weathered and fresh gabbros in 13 holes along the 1.8 kilometre long coincident copper-platinum group element (PGE) geochemical anomaly.

Analytical results from this drilling, including those for platinum and palladium, are expected in late January 2022.

Aircore drilling was also completed across the Western Trend to follow up on a number of low-level nickel and copper anomalies.

Two RC holes were also drilled, with trace sulphides intersected in both holes.

Samples from both the RC and aircore drilling have been sent for assay.

Managing Director Will Dix is pleased with the findings so far.

“This is an excellent start to the drilling campaign on the Eastern Trend. Seeing multiple shallow holes over significant strike with sulphides including some chalcopyrite present in gabbroic and pyroxenitic geology absolutely validates both the exploration model and the approach we have taken at Berkshire Valley,” Mr Dix said.

“We are eagerly awaiting the analytical results to determine whether there are any PGE’s associated with the sulphides and we continue to progress the drilling with the strongest PGE anomalies still to be tested, as well as the RC holes we have planned.”

Additionally, a moving loop electromagnetic (MLTEM) survey that was meant to begin in November has been pushed back until early January as a result of crew availability.

Todd River expects the survey to be completed by the end of January, with any required follow-up drilling to begin shortly after.

Shares in Todd River were down 8.70 per cent on the market and were trading at 8.4 cents at 11:33 am AEDT.

TRT by the numbers
More From The Market Herald
Centuria (ASX:CNI) - Joint CEO, Jason Huljich

" Centuria Capital (ASX:CNI) secures $202m acquisition

Centuria Capital Group (ASX:CNI) acquires a $202 million daily needs retail asset on behalf of an…

" Austin Metals (ASX:AYT) raises $2.5m to accelerate gold exploration

Austin Metals (AYT) has received commitments to raise $2.5 million which it says will assist with accelerating exploration at its namesake gol…

" Aldoro Resources (ASX:ARN) progresses drilling at Niobe

Aldoro Resources (ASX:ARN) has completed 17 reverse circulation (RC) holes at the Niobe project in Western…

" Red Mountain Mining (ASX:RMX) raises $1.6 million for its Mt Mansbridge project

Red Mountain Mining (ASX:RMX) raises $1.6 million for its Mt Mansbridge project