Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Redstone Resources (RDS) has received final assay results from recent reverse circulation (RC) drilling at the Tollu Copper Vein Project in WA
  • A total of three holes were drilled to test the continuity of mineralisation and the deeper mineralisation below historical drilling at two prospects
  • Results from these holes graded up to 4.4 per cent copper and they have validated the prospectivity of the project
  • Redstone has dropped 12.5 per cent and shares are trading for 0.7 cents each

Redstone Resources (RDS) has received final assay results from recent reverse circulation (RC) drilling at the Tollu Copper Vein Project.

Tollu is located in the southeast portion of the West Musgrave region of Western Australia.

It covers an area of five square kilometres and consists of copper rich quartz veins.

Redstone drilled three RC holes, for 662 metres, to test the continuity of mineralisation and the deeper mineralisation below historical drilling at the Chatsworth and Eastern Reef Prospects.

Holes TLC172 and TLC173, which tested the continuity of the mineralisation, returned results of 13 metres at 3.04 per cent copper from 56 metres including eight metres at 4.4 per cent copper from 57 metres, and 11 metres at 1.4 per cent copper from four metres including four metres at 2.7 per cent copper from seven metres.

The final hole, TLC166, which tested the deeper mineralisation, discovered that thick mineralisation at the intersection of the Chatsworth and Eastern Reef Prospects is not lost with what was previously believed.

This hole returned a result of 26 metres at 1.03 per cent copper from 277 metres including two metres at 2.9 per cent copper from 281 metres.

“We are very pleased to report further excellent high grade copper results at Tollu. All Tollu drilling campaigns have returned high grade copper and the availability of further funding is required to unlock the value of Redstone’s West Musgrave tenure,” Chairman Richard Homsany said.

“These results validate the prospectivity of Redstone’s tenure to host potential economic copper mineralisation,” he added.

Redstone has dropped 12.5 per cent and shares are trading for 0.7 cents each at 1:47 pm AEST.

RDS by the numbers
More From The Market Herald
Venus Metals (ASX:VMC) - Managing Director, Matthew Hogan

" Venus Metals (ASX:VMC) intersects encouraging mineralisation at Vidure

Venus Metals (VMC) has intersected encouraging copper-nickel-platinum group element (PGE) mineralisation at the Vidure Prospect.

" Whitehaven Coal (ASX:WHC) uses record prices to pay down debt

Whitehaven Coal (WHC) will use the uplift

" Alderan Resources (ASX:AL8) commences drilling at Detroit

Alderan Resources (AL8) has commenced drilling at its Detroit copper gold project, located in the US state of Utah.
RareX (ASX:REE) - Managing Director, Jeremy Robinson

" RareX (ASX:REE) begins scoping study at Cummins

RareX (REE) has begun a scoping study at its flagship Cummins Range Critical Metals Project.