Todd River strikes thick base metal intersections at Mt Hardy project

Todd River Resources Limited (ASX: TRT) has announced further significant results from the recently completed reconnaissance RC drilling program at its Mt Hardy Copper-Zinc Project in the Northern Territory.

The company reported that thick zones of shallow base metal mineralisation were intersected in reconnaissance RC drilling at the Hendrix South and Gilly Prospects.

TRT announced that down-hole EM surveys are planned with crews to be mobilised to site this month for surveying all prospects.

The company noted that the results provide a strong platform for deeper focussed exploration targeting massive sulphide mineralisation in the 2020 exploration program.

Mount Hardy project

The Mount Hardy Project is located on the Tanami Highway, 300km north-west of Alice Springs and 20km west of the town of Yuendumu.

The Project comprises several high-grade structurally-controlled precious and base metal oxide and sulphide targets generated from geochemistry and geophysics.

The important prospects of Mt Hardy include Browns, Hendrix South, Hendrix NW, Laver, Jack, Franklin, Linda-Jane, and Gilly.

The Company has been focused on expanding the pipeline of potential targets within the Mt Hardy Project area. To that end, reconnaissance mapping and rock chip sampling were completed to follow up several historical Cu ± Pb mineral occurrences.

Many of drilling targets were identified from this follow-up work, together with systematic mapping, prospecting, and sampling.

Reconnaissance RC drilling program

The company had commenced a reconnaissance Reverse Circulation (RC) drilling program at the Mt Hardy Copper-Zinc Project.

The drilling program targeted a number of new prospects identified through mapping and surface sampling, including the recently announced successful drilling at Gilly North, which is approximately 1.5km north of the 2.6Mt @ 10.5% Zn equivalent maiden Resource Estimate at Hendrix announced earlier this year.

A number of holes were drilled at the various prospects of Mt Hardy project. This includes Gilly North (8 holes), Gilly (8 holes), Hendrix South (3 holes), Hendrix NW (3 holes), Linda Jane (6 holes), and Laver (7 holes).

Thick base metal intersections

The company reported thick base metal intersections from Hendrix South Prospect and Gilly prospect.

Hendrix South Prospect

Todd River said that the RC drilling at the Hendrix South Prospect, located to the south of the Hendrix Resource, returned significant results in two of the first three holes, including a broad 28m thick mineralised interval in MHRC0075.

Significant hits include 28m @ 0.2% Cu, 0.6% Pb, 2.4% Zn and 12g/t Ag (3.2% combined base metals) from 82m, including 5m @ 0.24% Cu, 1.8% Pb, 4.3% Zn and 28.4g/t Ag (6.3% combined BM) from 93m (MHRC0075); and 5m @ 0.7% Cu, 0.8% Pb, 2.0% Zn and 24g/t Ag (3.5% combined base metals) from 28m (MHRC0073).

Gilly Prospect

TRT reported that the RC drilling at the Gilly Prospect, located 1.3km north of Hendrix, returned encouraging assay results in the first three holes completed.

Highlights include 11m @ 0.4% Cu, 0.5% Pb, 2.3% Zn and 41g/t Ag (3.2% combined base metals) from 28m, including 5m @ 0.6% Cu, 0.5% Pb, 3.2% Zn and 25.6g/t Ag (4.3% combined BM) from 29m (MHRC0076); 7m @ 0.4% Cu, 0.3% Pb, 4.1% Zn and 15.4g/t Ag (4.8% combined base metals) from 23m, including 4m @ 0.5% Cu, 0.6% Pb, 5.9% Zn and 7g/t Ag (7.0% combined base metals) from 23m, (MHRC0071); and 2m @ 0.5% Cu, 0.2% Pb, 4.4% Zn and 84.5g/t Ag (5.1% combined base metals) from 49m (MHRC0072).

Assays to be reported from other prospects

The company said that RC drilling at the Hendrix North West (three holes), Linda Jane (six holes), and Laver (seven holes) Prospects have been completed, together with additional holes at both Gilly and Gilly North. Assay results are expected for all drilling by the end of November.

Deeper exploration planned

The company said that the ongoing success of the reconnaissance RC drilling program sets a solid platform for the deeper exploration targeting massive sulphide mineralisation planned for the first half of 2020.

Future plans

The company announced that it intends to complete a down-hole EM survey on the deepest holes drilled on each prospect.

Todd River said that this work will be completed in November and is expected to enable more targeted drilling, focussing on accumulations of massive sulphides, during the 2020 drilling campaign.

TRT reported that the commencement of the 2020 field season will focus on the expansion of the current RC program in areas of known mineralisation and selected deeper drilling of the highest priority prospects.

The company said that the samples from the ongoing drilling have been submitted for analysis and will be reported when available. TRT reported that the drilling will continue at Mount Hardy over the coming few weeks, with sample submission and analytical results reported as available.

Management comments

Todd River’s Managing Director, Will Dix, said: “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.

Our recently announced excellent results from Gilly North and the additional mineralisation encountered in the first holes at Hendrix South and Gilly represent a strong platform from which to expand next year.

We are still waiting on initial results from drilling completed at Hendrix North West, Laver and Linda Jane which we expect to receive this month. In addition, down-hole EM surveying of the deepest hole at each prospect should also be completed by the end of November and will help us to fine-tune our first drilling program in 2020.

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. 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.”

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Written By Christopher Norris
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