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Red River Resources hails visible gold hits at Hillgrove's Bakers Creek prospect

Published 11/11/2022, 01:50 pm
Updated 11/11/2022, 02:30 pm
Red River Resources hails visible gold hits at Hillgrove's Bakers Creek prospect
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Red River Resources Ltd (ASX:RVR) has hailed the latest high-grade visible gold intersections at its Bakers Creek prospect, part of the Hillgrove Gold Project in New South Wales, which it says opens up a new expansive area of potential mineralisation.

The company believes Bakers Creek has good potential to host a high-grade gold deposit, making the prospect a high priority target for follow-up drilling in 2023.

Assays from three follow-up drill holes on Bakers Creek's Little Reef lode returned:

  • BKC009: 0.4 metres at 96.8 g/t gold in the northwest;
  • BKC008: 0.45 metres at 257 g/t gold in central; and
  • BKC010: 0.6 metres at 108.0 g/t gold in the southeast.
BKC010 also featured an 80-metre structure in the footwall of Little Reef that contained a visual gold bearing breccia intersection of 0.4 metres at 525 g/t gold.

Core tray BCK009 displaying breccia between 449.6 and 450 metres containing 96.8 g/t gold.

High priority in 2023

The Bakers Creek deposit is located between the Eleanora-Garibaldi and the Sunlight/Blacklode deposits.

The Eleanora-Garibaldi and the Sunlight/Blacklode deposits form part of the wider Hillgrove Mineral Field, which has a JORC 2012 mineral resource of 7.23 million tonnes at 4.5 g/t gold and 1.2% antimony.

There is no mineral resource defined for the Bakers Creek deposit as yet. Additional drilling will be requred to identify the bounds of the mineralisation prior to assessment for a mineral resource estimate (MRE).

The latest results suggest a great potential for future resource growth for Bakers Creek, which Red River has placed on high priority for 2023.

Bakers Creek long section displaying Little Reef intersection locations.

Read more on Proactive Investors AU

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