Redstone Resources Limited (ASX: RDS) has reported further high-grade copper intersections within the final assay results from its RC drilling at the Tollu Copper Vein Project within the company’s 100% owned West Musgrave Project in WA.
A total of three RC drill holes for 662m was completed on Tollu, with two drill holes aimed at testing continuity of mineralisation lenses previously intersected in the 2017 drilling of the Forio Prospect. Another drill hole tested deeper mineralisation below historical drilling at the intersection of the Chatsworth and Eastern Reef Prospects.
The significant assay results for these drill holes include:
- 26m @ 1.03% Cu from 277m downhole, including 2m @ 2.9 % Cu from 281m downhole.
- 13m @ 3.04% Cu from 56m downhole (TLC172), including 8m @ 4.4% from 57m downhole.
- 11m @ 1.4% Cu from 4m downhole, including: 4m @ 2.7% from 7m downhole.
We are very pleased to report further excellent high-grade copper results at Tollu,”Redstone Chairman, Richard Homsany, said.
“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.
“Redstone has proven short to medium scale continuity, both laterally and to depth, of the thick high-grade lens of copper mineralisation intersected at the Forio Prospect.
In addition, the company has shown that very thick mineralisation discovered at the intersection of the Chatsworth and Eastern Reef vein systems is not lost at depth as was previously thought.
“These results validate the prospectivity of Redstone’s tenure to host potential economic copper mineralisation.
There is confidence that further high-grade lenses at Tollu could be discovered with further drilling.
“Redstone will consider and evaluate what next steps are available to it at Tollu.”
Mr Homsany said the recently completed 2019 drilling has continued to show that the Tollu copper vein system is capable of producing thick high grade lenses of copper mineralisation that can be continuous over the short to medium scale.
“It is important to also note that the results from the recent drilling, along with the results from the 2017 drilling at the Forio Prospect have yet to be included in the Tollu maiden resource.”