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Redstone Resources Limited ( (AU:RDS) ) just unveiled an announcement.
Redstone Resources Limited has announced promising initial assay results from its deep diamond drill hole TLD005 at the Chatsworth Prospect, part of the Tollu Copper Deposit in Western Australia. The drilling revealed a significant 10-meter intersection of copper mineralization grading 1.37% Cu, with a notable section of 4 meters at 2.37% Cu. Additionally, the presence of cobalt mineralization suggests potential for a larger Ni-Cu-Co deposit, akin to the nearby Nebo-Babel deposit. The project is supported by co-funding from the Western Australian Government’s Exploration Incentive Scheme, and further drilling is planned, indicating positive implications for Redstone’s exploration efforts and potential resource expansion.
More about Redstone Resources Limited
Redstone Resources Limited is an exploration company operating in the mining industry, focusing on copper and associated mineral resources. The company is engaged in the exploration and development of its 100% owned West Musgrave Project in Western Australia, with a particular emphasis on the Tollu Copper Deposit.
Current Market Cap: A$5.17M
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