Friday, 26 March 2010

Redstone Resources kicks off drilling at Halleys Cu-PGE-Ni target

Redstone Resources (ASX: RDS) has commenced RC drilling at its Halleys Cu-PGE-Ni target which is part of the Blackstone Range Project in the West Musgrave region of Western Australia.

The company has also advised that Blackstone Range drilling programme will now also include RC drilling of the Halleys NW PGE target. Halleys NW is part of an 11km long PGE anomaly.

At least four PGE reefs have been defined over a 1 km strike during RAB drilling in 2008, with three separate 1 m intercepts greater than 0.45 g/t PGE +Au. The RC drilling is designed to test the PGE system to 250m depth.

The company said drilling is expected to be completed within 2 weeks and results should be available in early May 2010.

The Halleys Project (E69/2108 and E69/2109) forms part of the Blackstone Range Farmin/Joint Venture with Resource Mining Corporation Ltd (ASX: RMI) with Redstone earning 90%.

http://www.proactiveinvestors.com.au/companies/news/5993/redstone-resources-kicks-off-drilling-at-halleys-cu-pge-ni-target-5993.html

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