Far West is the down dip extension of the Thalanga West mineralisation, and is classified as volcanogenic-massive-sulphide (VHMS) style of mineralisation where copper, zinc, lead and silver mineralisation is found associated with a suite of sulphide minerals.
Far West is located approximately 500m from the Thalanga Mill and 1km from the West 45 Mine. The deposit remains open at depth and along strike, and further resource extension drilling is planned to take place.
Far West hosts a JORC Code (2012) compliant Ore Reserve of 1,534kt grading 1.3% Cu, 1.6% Pb, 5.0% Zn, 0.2g/t Au and 45g/t Ag. The Ore Reserve estimate was completed by Red River Resources in November 2017.
The Far West Mineral Resource is 1,693kt grading 1.6% Cu, 2.1% Pb, 6.5% Zn, 0.2 g/t Au and 59 g/t Ag. The Mineral Resource estimate was completed by Mining One Consultants in November 2017. The Far West Ore Reserve estimate is included within (and not in addition to) the Far West Mineral Resource estimate.
Red River is completing drilling at Far West, and has engaged Mining One Consultants to update the Far West Mineral Resource, generate a maiden Far West Ore Reserve and update the Far West mine design and production schedule.
Far West is currently in the development stage and will be the second mine developed by Red River as part of the Thalanga Project.
Development activities commenced at the Far West Portal in May 2018, with ore production scheduled to commence in late 2018 / early 2019, with a planned mine life in excess of five years.
Far West Portal Development Activities
For further details of the Far West Ore Reserve and Mineral Resource estimate and the supporting disclosures and appendices, refer to the ASX release “Far West Ore Reserve and Mineral Resource Update Extends Thalanga Mine Life” dated 21 November 2017 and the associated supplementary release dated 4 December 2017.