- Redstone Resources (RDS) receives results from its reverse circulation (RC) drilling program at the Chatsworth Prospect in Western Australia
- Four RC holes were drilled at Chatsworth to test for the continuity of the volume and extensions to the copper mineralisation at depth
- Grades peaked at six per cent copper and portable x-ray fluorescent analysis of the drill chips suggests the copper mineralisation in continuous between holes
- According to company Chairman Richard Homsany, exploration will continue early next year, subject to rig and personnel availability
- Shares in Redstone are up 10 per cent and are trading at 1.7 cents
Redstone Resources (RDS) has received results from its reverse circulation (RC) drilling program at the Chatsworth Prospect.
The Chatsworth Prospect is part of the Tollu Copper Vein deposit which is situated within Redstone’s West Musgrave Project in Western Australia.
Four RC holes, for 756 metres, were drilled at Chatsworth to test for the continuity of the volume and extensions to the copper mineralisation at depth.
Preliminary portable x-ray fluorescent (pXRF) analysis of the drill chips suggests the copper mineralisation intersected in historical drilling is continuous between holes and extends beyond the previous boundaries.
Best results include 16 metres at 2.62 per cent copper from 74 metres including six metres at six per cent copper from 76 metres and 19 metres at 1.08 per cent copper from 54 metres including three metres at 3.45 per cent copper from 63 metres.
These results suggest there may be opportunities at Tollu that are yet to be identified and may need to be investigated.
Chairman Richard Homsany is pleased with the results.
“With only a limited number of drill holes Redstone has shown that, in the vast majority of cases, the thick high-grade copper lenses extend beyond the historical drill holes they have so far been delineated in with thickness and grade either maintained or expanded,” Mr Homsany commented.
“We look forward to continuing our exploration efforts at the earliest opportunity next calendar year which, as has been the case for much of 2021, are subject to rig and personnel availability.
“Redstone is confident that any further drilling at West Musgrave can significantly improve the value of the project.”
Shares in Redstone were up 10 per cent and were trading at 1.7 cents at 2:59 pm AEDT.