Right Resources Unveils High-Grade Gold and Silver Targets in NSW’s New England Region
Right Resources Limited has defined compelling high-grade gold and silver Exploration Targets at its Kingston and Mary Read Prospects in New South Wales, highlighting significant upside potential in the New England Region.
- Two Exploration Targets defined on EL9142 in New England Region, NSW
- Kingston Prospect shows 650m strike length with historic intercepts up to 3m @ 108 g/t Au and 102 g/t Ag
- Mary Read Prospect covers 1.5 km strike with historic near-surface silver grades averaging 567 g/t, increasing to over 1,900 g/t in fresh zones
- Targets remain open along strike and at depth, indicating further exploration potential
- Next steps include targeted drilling and detailed geophysical analysis to refine resource estimates
Exploration Targets Highlight New Potential
Right Resources Limited (ASX: RRE) has announced the definition of two promising Exploration Targets at its Kingston and Mary Read Prospects within EL9142, located in the historically mineral-rich New England Region of New South Wales. This announcement marks a significant milestone in the company’s broader strategy to unlock value across its portfolio beyond its flagship Pilot Project.
The Kingston Prospect features a mineralised strike length of approximately 650 metres, with historic drilling revealing high-grade gold and silver mineralisation. Notably, one drill intercept returned 3 metres at 108 grams per tonne (g/t) gold and 102 g/t silver, underscoring the prospect’s potential. The mineralisation is interpreted to extend to depths of around 120 metres and remains open both along strike and at depth, suggesting substantial upside for further discovery.
Mary Read Prospect’s Silver Rich Legacy
Meanwhile, the Mary Read Prospect extends over a 1.5-kilometre strike length and is characterised by historic near-surface mining that yielded average silver grades of 567 g/t, with fresh mineralisation zones exceeding 1,900 g/t silver. Historic drilling supports a mineralised system extending to depths of up to 300 metres, with mineralisation remaining open for expansion. The prospect’s polymetallic nature, including elevated lead, zinc, and trace gold, adds further interest.
Both targets were delineated through an integrated approach combining historic drilling data, high-resolution LiDAR surveys conducted in 2023, and geophysical datasets. This methodology, consistent with Right Resources’ successful work in the Tumbarumba Region, has allowed the company to prioritise structurally favourable corridors and identify coherent mineralised zones.
Strategic Implications and Next Steps
Managing Director Graham Howard emphasised the significance of these targets within the company’s portfolio, stating that while gold remains the primary focus, the silver upside enhances the overall opportunity. The company plans to advance these targets through targeted drilling programs designed to test the continuity, thickness, and grade distribution of the mineralised wireframes. Further geophysical evaluation and systematic geological mapping will continue to refine exploration priorities.
Significantly, these Exploration Targets are conceptual and based on limited historic drilling, with no current Mineral Resource estimates under the JORC Code (2012). The company acknowledges that further drilling is required to confirm the resource potential and to better understand the geometry and grade continuity of the mineralisation.
Right Resources’ substantial tenement holdings in New South Wales, including approximately 198 km² in the New England Region and 1,891 km² in the Tumbarumba Region, position it well to leverage these findings. The New England Orogen is a well-endowed province with a history of gold, silver, and base metal production, and these new targets could represent a significant addition to the company’s asset base.
Bottom Line?
As Right Resources prepares to drill, the market will watch closely to see if these high-grade targets translate into a new resource base.
Questions in the middle?
- How will upcoming drilling programs confirm the continuity and grade of the Exploration Targets?
- What impact could the high silver grades have on the overall economics of the New England projects?
- How might Right Resources balance exploration efforts between its flagship Pilot Project and these emerging prospects?
