Red River Resources Limited announce it has received high-grade gold results from sampling of historic New Homestead workings on the Thalanga Range, 3km northeast of its 100%-owned Thalanga base metal operations in northern Queensland. Sampling activities on the historic group of workings at New Homestead (Agnes Howson, Ada, Wild Scotchman and Evening Star) returned gold assays of up to 59.8 g/t Au. Red River completed the sampling as part of implementation of the Thalanga Operations Gold Strategy, which has an objective of maximising Thalanga's operational exposure to gold production to take advantage of the high gold price. The strategy is based on: Exploration to target known gold mineralisation on tenements and leases held by Red River; Monetise existing gold resources or inventory (stockpiles, tailings) held by Red River; Utilise available capacity in Thalanga Mill to increase gold production; Applications in region to target areas of known or potential gold mineralisation. Thalanga Operations Gold Exploration Strategy: Red River engaged a geological consultant (Nick Tate, Geomap) in October 2019 to undertake a review of the gold potential of Red River's tenements in the Charters Towers region. The Charters Towers region (North Queensland) is host to a number of world-class deposits, representing a diverse suite of mineralisation styles and ages, plus small to medium size gold deposits in the region. Thalanga Range Gold Exploration Targets: Reconnaissance mapping identified the historic gold workings at Agnes Howson, Ada, Wild Scotchman and Evening Star and a program of sampling was undertaken. The Ada, Agnes Howson and Wild Scotchman workings represent a number of quartz-sulphide vein systems hosted in meta sediments. Nick Tate's (Geomap) interpretation of the vein textures and sulphide assemblage is that they closely resemble the Siluro-Devonian "Charter Towers Style" veins. The vein systems extend over an estimated 500m strike length. The Ada and Agnes Howson strike north south and the Wild Scotchman workings strike NW-SE. The Evening Star workings strike NNW-SSE and extend over 1,300m. The main period of mining activities occurred from approximately 1,890 ­ 1,900. Total production for this period is estimated at 1,100 ounces of gold from 760 tonnes of ore from the New Homestead group of workings. The sampling objective was to collect a variety of samples from each mullock dump to determine which veins hosted the gold. The rock samples were collected from historic mullock dumps around the historic shafts and pits. Each dump was investigated, and samples of the various vein and host rock styles were selected. The number of samples collected from each dump broadly reflects the number of different vein styles or abundance of vein material. Approximately 1-2kg of material was collected for each sample. Each sample was photographed for reference. The samples were submitted to Intertek in Townsville for Au and low level trace element analysis.