Redstone identifies more West Musgrave projects

THE DRILL SERGEANT: Redstone Resources (ASX: RDS) has identified five additional projects on the company’s 100 per cent-owned tenement (E69/2450) in the West Musgrave region of Western Australia.

The projects, which the company consider to all be prospective for IOCG and Mt Isa-style copper sediment-hosted deposits, are in addition to the existing Tollu project and are made up of:

The Atlas project, the Babylon project, the Pompeii project, the Pergamon project, and the Herculaneum project.

 

West Musgrave – project map. Source: Company announcement

 

“We are very pleased that the outcome of the work completed in the Stage 1 exploration program that resulted in a significant increase to the conceptual exploration target at the Tollu project, has also led to the identification of five new key projects on Redstone’s highly-prospective West Musgrave tenement E69/2450,” Redstone Resources chairman Richard Homsany said in the company’s announcement to the Australian Securities Exchange.

“As the final deliverable from the Stage 1 exploration program, these additional projects give the board further confidence that Redstone’s exploration on the tenement has been targeted and cost effective.

“Most importantly our work clearly demonstrates that, in addition to the high copper grades we have been reporting, there is the potential for the scale and volume necessary for sustainable commercial mining operations on Redstone’s tenement.

“This makes the projects attractive for financing exploration and development activities.”

Email: contact@redstone.com.au

Website: www.redstone.com.au