Announcement Date: 2022-07-20
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Redstone Resources Ltd.
Project name: West Musgrave
Location: Australia
Commodities: Copper
Highlight: Drilling results incl. 34m @ 1.07% Cu from 15m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Redstone Resources Limited (ASX Code: RDS) (‘Redstone’ or the ‘Company’) is pleased to announce that geochemical assay results returned from the laboratory have confirmed the significant high grade copper mineralisation reported from the hh‐pXRF analysis of the recent reverse circulation (RC) drilling on the Company’s 100% owned West Musgrave Project (the Project) (refer to ASX announcement of 11 November 2021). In particular, the mineralisation in RC drill hole TLC181 wasthicker than expected with assaysshowing a single 34m interval grading 1.07% Cu from only 15m depth downhole. TOLLU COPPER VEIN DEPOSIT ‐ FORIO PROSPECT As previously reported in the ASX announcement of 11 November 2021, three reverse circulation (RC) drillholes, TLC180, TLC181 and TLC182, for a total of 373m, were drilled at Forio Prospect at the Tollu Copper Vein deposit (Tollu) to test for short scale extension and to gain a better spatial understanding of the vein hosted copper mineralisation so far intersected in previous drilling. In particular, the shallow high grade copper mineralisation intersected previously in the central part of the Forio Prospect wastested for extension to the north and near surface oxide copper mineralisation was tested on a separate vein to the west of that intersected in 2019 (refer to ASX announcement of 25 June 2020 for details of the latter).
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