R3D Resources (ASX:R3D) hits ‘superb’ zinc intersection and starts drilling at Tartan, Queensland – The Market Herald

• R3D Resources (R3D) is commencing drilling of the northern oxide zone on the Tartana lease in Far North Queensland.
• Recirculation drilling will seek to increase the copper resource to 100 meters depth and revise the cut-off level to match historic copper grades
• At the same time, the company hit the 12 meter mark at 10.7 percent zinc, which is 30 meters below historical drilling rates at the Queen Grade zinc project.
• Further tests are pending, and once they are received the company will begin further planning for the next drilling
• R3D shares fell 4.04 percent to close at 9.5 cents

R3D Resources (R3D) has commenced drilling of the northern oxide zone on the Tartana lease in Far North Queensland.

The leases contain an existing heap leaching, solvent extraction crystallization plant, and the company has begun work to restart the copper sulfate plant.

The 1,340 meter recirculation campaign is being conducted in an area north of the existing pit where historic drilling has intersected copper oxide mineralization that R3D believes may be leached for future copper sulfate production.

Last month, the company announced results from pit leaching tests that showed low leaching rates and ore containing chalcopyrite mineralization.

After that, R3D plans to extend the resource to a depth of 100 meters and revise the cut-off level to match the copper grades associated with conventional sulphide processing.

Chief executive Stephen Bartrap said that as exploration progressed, Tartana’s production potential was growing, particularly with primary zinc and copper mineralisation. He believes the current drilling program is likely to expand the company’s copper resources.

As for the project’s copper sulfate plant, Mr Barthrop said commissioning was planned with key elements to be repaired or installed, including a dryer due to be installed next week.

At the same time, the company hit the 12 meter mark at 10.7 percent zinc, which is 30 meters below historical drilling at the Queen Grade zinc project.

R3D called the intersection “excellent” and emphasized that the mineralization is extensive and continuous at depth.

The result comes from drilling completed in July, which intersected six meters of massive sphalerite-dominated sulphide.

Further tests are pending, and once they are received the company will begin further planning for the next drilling.

R3D shares fell 4.04 percent to close at 9.5 cents.