Todd River hits copper-zinc at Mount Hardy
8th June 2018
Resources Rising Stars
Shares in Todd River spiked 35% as the company reported drilling had hit a 24m interval of copper-zinc-lead massive sulphides at its Mount Hardy copper-zinc project in Northern Territory (reports MiningNews).
Based on XRF analysis, the interval averaged 2% copper, 2.4% zinc and 0.9% lead, with three narrower high-grade zones identified including one of 3.5m at 6.8% copper, 7.9% zinc and 3.4% lead.
The timing of formal assays is expected to be "a few weeks".
The mineralisation corresponded with the interpreted position of an EM-modelled target, with
Drilling is continuing.
Mount Hardey is 300km north-west of Alice Springs and 20km west of the town of Yuendumu.
It was discovered in the 1930s and featured sporadic and small scale mining up to the 1970s.
Todd River listed in April last year following a A$6 million IPO.
The company was spun out of vanadium-titanium-iron focused TNG.
Todd River started the current quarter with $1.84 million cash.
Image via Todd River Resources
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