Red River Resources Limited announced results from reverse circulation drilling at Cougartown, Cougartown West and Max Cu-Au exploration prospects near its Liontown Project, part of its Thalanga Operations in north Queensland. Red River continues to progress development of Liontown as the third deposit for its Thalanga Operations, prospects near Liontown will potentially provide additional feed to the process plant at Thalanga. Liontown has a current Mineral Resource of 4.1Mt @ 0.6% Cu, 1.9% Pb, 5.9% Zn, 1.1 g/t Au & 29 g/t Ag (12.7% Zn Eq).

Red River completed 5,697m of drilling at Liontown and 1,928m of drilling on the Cougartown, Cougartown West and Max-Au satellite prospects, which has returned several exciting intercepts including: Cougartown: 86m @ 2.3% Zn Eq from 0m (CGRC004). 43m @ 1.6% Zn Eq from 55m (CGRC001). 18m @ 1.6% Zn Eq from 101m and 16m @ 1.7% Zn Eq from 142m (CGRC003).

Cougartown West: 40m @ 3.0% Zn Eq from 67m (CWRC002). Cougartown Prospect: Red River completed four reverse circulation holes for 556 meters. Holes were between 88m and 202m in length and inclined to the north.

All holes intercepted mineralization. CGRC001 and CGRC004 targeted the shallow area below the outcropping gossan. CGRC002 and CGRC003 targeted both a parallel horizon to the south and the gossan horizon at depth.

The results are a strong indication of a significant mineralizing system, likely dipping near vertical. Due to these results and similar from surrounding shallow drill programs, targeting will now focus on the potential for a change and upgrading of the mineralizing system at depth. Assessment and prioritizing of deeper drilling is underway.

Cougartown West Prospect: Red River's first-pass program comprised five reverse circulation holes for 656 meters. The holes tested the possibility of multiple lenses on an 80m spacing to cover a total strike 240m. Holes were between 118 and 154m in length and inclined to the north.

Four holes CWRC001, CWRC003, CWRC004 and CWRC005 spaced at 80m along strike tested below the main surface zinc geochemical trend. They intersected schistose volcanoclastic breccias then pumice breccia and terminated in dacites. Low level base metal mineralization occurred through the pumice breccias.

Hole CWRC002 100m south tested the down dip extension of the surface geochemical trend below CWRC003. Mineralization was intersected within rhyodacite above the pumice breccia unit. The strongly zinc dominated intersection is open to the east, west and down dip.

And offers a great opportunity for further targeting. Max Copper Gold Prospect: Red River's drilling consisted of five reverse circulation holes for 716 drill metres. Inclined holes of 100-200m length were drilled.

MXRC002 and MXRC003 targeted a southern Cu-Au anomaly and outcropping gossanous sediments. MXRC004 and MXRC005 targeted a northern Zn-Pb-Cu-As anomaly with coincident chert horizons. All holes passed from siltstones, through tuffaceous shales and into pumice breccias replicating the Liontown sequence but being shallow dipping to the southeast.

Low level Pb-Zn-Cu anomalism within the shales adjacent to the pumice breccia contact and then cyclically within the pumice breccia was detected. Hole MXRC001 targeted 150m east along strike of the Max Cu-Au prospect. A low-level Cu-Au soil anomaly in shallow cover and a coincident IP response were identified.

The high chargeability response was interpreted to represent a copper-pyrite rich VHMS footwall stringer zone and the hanging wall position was targeted for massive base metal mineralization. The hole intersected shale and minor quartz veining with no significant mineralization to 100m depth at which point it was prematurely terminated due to significant water intercepted in the hole. The hole did not reach target and will be redrilled.