Red River Resources : HIgh-grade Zinc Results at Thalanga Far West Infill Program

ASX Release 12 January 2017

High-grade Zinc Results at Thalanga Far West Infill Program Highlights:

• Two zones of massive sulphide mineralisation intersected in the latest hole completed in the Far West infill program (TH698) - assay results are pending
• Thickness of massive sulphide mineralisation totals 33.1m
  • Zone 1: 14.8m from 424.8m downhole; and
  • Zone 2: 18.3m from 452.7m downhole
• TH698 also intersected abundant pyrite stringers in the footwall rhyolite, indicative of a feeder zone, which may explain the particularly thick massive sulphide intersection in TH698
• Assay results received for other holes in the Far West infill program (TH695, TH696 and TH697)

  - TH695 intersected 6.4m @ 9.4% Zn Eq. (0.8% Cu, 1.2% Pb, 4.3% Zn, 0.9 g/t Au and 38 g/t Ag) from 245.2m down hole

  - TH697 intersected 2.0m @ 20.3% Zn Eq. (1.9% Cu, 2.5% Pb, 9.6% Zn, 0.5 g/t Au and 77 g/t Ag) from 159.8m down hole and 2.0m @ 10.6% Zn Eq. (1.5% Cu, 1.2% Pb, 2.9% Zn, 0.3 g/t Au and 58 g/t Ag) from 173.0m down hole

• Drilling continues at Far West with TH705 & TH706 in progress

Zinc developer Red River Resources Limited (ASX: RVR) ("Red River" or the "Company") is pleased to announce further high-grade assay results from its ongoing drilling program at Thalanga Far West, part of the Thalanga Zinc Project in north Queensland.

TH698 has intersected two zones of massive sulphide mineralisation. Zone 1 - 14.8m thickness from 424.8m downhole and Zone 2 - 18.3m thickness from 452.7m downhole, for a total thickness of 33.1m of massive sulphide mineralisation. Assay results are pending.

Red River has received assay results for TH695, TH696, and TH697 from the ongoing Far West infill and resource extension drilling program. No significant mineralisation was intercepted in TH696.

 TH695 intersected 6.4m @ 9.4% Zn Eq. (0.8% Cu, 1.2% Pb, 4.3% Zn, 0.9 g/t Au and 38 g/t Ag) from 245.2m downhole.

 TH697 intersected 2.0m @ 20.3% Zn Eq. (1.9% Cu, 2.5% Pb, 9.6% Zn, 0.5 g/t Au and 77 g/t Ag) from 159.8m downhole and 2.0m @ 10.6% Zn Eq. (1.5% Cu, 1.2% Pb, 2.9% Zn, 0.3 g/t Au and 58 g/t Ag) from 173.0m downhole

Drilling continues at Far West with TH705 and TH706 in progress.

Red River's Managing Director Mel Palancian commented: "To date, this is largest intercept of massive sulphide mineralisation intersected by Red River at Far West.

"The exceptional thickness of massive sulphide mineralisation intersected appears to be linked to the presence of a feeder zone in the footwall to the mineralisation. This augurs well for further drilling in this area of Far West."

1. TH698 Massive Sulphide Intersection

TH698 has intersected two zones of massive sulphide mineralisation, 14.8m from 424.8m downhole and 18.3m from 453.0m downhole for a total thickness 33.1m of massive sulphide mineralisation. Assay results are pending.

The footwall rhyolite displays abundant pyrite stringers and this is indicative of a feeder zone, suggesting TH698 intersected the ore horizon at a position where it was being fed and this may explain the particularly thick massive sulphide mineralisation intersected in TH698.

Table 1 Drill hole geological information summary, Thalanga Zinc Project (Far West Infill)

Hole ID	From (m)(1)	To (m)(1)	Intersection (m)(1)	Intercept Description
TH698	424.8	430.9	6.1	Massive sulphide mineralisation, predominantly sphalerite and chalcopyrite with minor galena and pyrite
TH698	430.9	431.05	0.15	Microdiorite dyke
TH698	431.05	439.6	8.55	Massive sulphide mineralisation, predominantly sphalerite and chalcopyrite with minor galena and pyrite
TH698	439.6	442.8	3.2	Microdiorite dyke
TH698	442.8	445.1	2.3	Siltstone
TH698	445.1	446.2	1.1	Semi massive sulphide mineralisation with moderate sphalerite and chalcopyrite
TH698	446.2	448.4	2.2	Microdiorite dyke
TH698	448.4	452.7	4.3	Siltstone
TH698	452.7	470.95	18.25	Massive sulphide mineralisation, predominantly sphalerite and chalcopyrite with minor galena and pyrite
TH698	470.95	472.0	1.05	Fault zone
TH698	472.0	482.3	10.3	Rhyolite with abundant disseminated and stringer pyrite
(1) Downhole width. True width estimated to be 50-70% of downhole width

Zone 1 (14.8m thickness from 428.4m to 439.6m downhole)

Figure 1 TH698 - 424.8m to 429.6m (downhole width)

Figure 3 TH698 - 434.5m to 439.7m (downhole width)

Zone 2 (18.3m thickness from 452.7m to 470.95m downhole)

Figure 4 TH698 - 452.1m to 458.2m (downhole width)

Figure 6 TH698 - 464.3m to 470.5m (downhole width)