Red River Resources: Announces maiden gold resource

Red River Resources: Announces maiden gold resource

• Red River Resources (RVR) has announced a maiden gold resource for the Bakers Creek Stockpile
• The Stockpile situated within the Hillgrove Gold Mine in NSW
• Test work indicates that up to 80 per cent of gold contained in the stockpile can be recovered also using existing infrastructure
• Then the Bakers Creek Stockpile offers Red River an exceptionally low capital cost restart for the Hillgrove Gold Mine
• A restart study is now progressing for the Hillgrove Mine, with gold production expected within six months
• Red River’s share price is down a slight 1.32 per cent with shares trading for 7.5 cents apiece