Red River goes for gold

WITH its Queensland zinc operations humming along nicely, Red River Resources has looked south of the Tweed River, agreeing to buy the Hillgrove gold-antimony project in New South Wales from privately run Bracken Resources for just A$4 million in scrip, a fraction of the $180 million spent on the asset over 15 years.

Red River goes for gold Red River goes for gold Red River goes for gold Red River goes for gold Red River goes for gold

Hillgrove.

While declaring that the Thalanga operations are his "first love", Red River managing director Mel Palancian said the opportunity to buy the asset some two years after first looking at it, and