Perth, Feb 26, 2009 (ABN Newswire) - Red River Resources (ASX:RVR) provides the opportunity to listen to an audio broadcast with Mr John Karajas, Managing Director in a presentation titled "ASX:RVR - Miaree Drilling Results - Mr John Karajas, Managing Director".
In collaboration with Joint Venture partner Iron Mountain Mining Limited (ASX:IRM) a total of 58 reverse circulation (RC) holes for a total of 5,800m were drilled on 13 drilling lines across the interpreted position of the Miaree Magnetite Trend in the Decmber 2008 quarter. Analytical results received in February 2009 have confirmed the presence of extensive magnetite mineralisation within the Miaree Magnetite Trend aeromagnetic anomaly, southwest of Karratha in the Pilbara region of Western Australia.
This RC drilling program was the first to be drilled on the Miaree Project and as such tested a variety of targets in order to calibrate aeromagnetic responses to subsurface geology and mineralisation. Therefore, to test the extent of the mineralisation relative to aeromagnetic responses, not all drillholes were positioned to return optimal results.
Most importantly, the results from drillholes that targeted aeromagnetic peaks encountered magnetite beds with true widths ranging between 50-85m at grades of around 30% Fe including an intersection of 150m @ 30.1% Fe in drillhole MK002 that ended in mineralisation.
About Red River Resources Limited
Red River Resources is focussed on iron ore exploration in areas of good infrastructure. The aim of the company is to quickly delineate economic iron ore deposits and bring them in to production. The Blythe project area also holds copper, zinc and tin prospectivity. Red River also holds the East Kirup tantalite/tin prospect, north of Greenbushes in the south west of Western Australia and can earn equity in the Bungalow Well uranium prospect in the Eastern Goldfields region of Western Australia.