Redstone Resources Limited (ASX: RDS) has received positive assays for a 95m sequence of disseminated copper sulphides in a hole drilled over 7.2km north east of the Tollu Copper Vein Project in Western Australia.
Chairman Richard Homsany said finalised geochemical assay results from its recent reverse circulation (RC) drilling programme at the 100% owned West Musgrave Project have confirmed that RC drill hole TLC170 intersected the thick (downhole) sequence of in a large igneous intrusion.
RC drill hole TLC170 targeted an EM anomaly coincident with a large circular magnetic anomaly, known by the company as the EM5 Target, and intersected 95m of disseminated copper sulphides (Chalcopyrite) from 66m downhole with copper concentrations of between 0.03‐0.06% copper.
Mr Homsany said that although some 28m of the interval was not sampled for assay, the copper sulphides were visible in the field and observed to occur continuously throughout the overall 95m interval.
No other exploration has been carried out in the immediate area, which leaves the copper occurrence untested in all directions, including at depth.
The discovery of 95m of continuous anomalous copper in thick disseminated sulphides, relatively close to the surface and over 7km from the Tollu Copper deposit, represents a significant milestone for Redstone’s West Musgrave Project,” Mr Homsany said.
“In addition to the Tollu vein system, EM5 confirms that the Project continues to be validated as hosting a highly prospective copper system.
“With only limited drilling Redstone was able to enhance copper prospectivity in a new target area and create significant value to the Project.
“EM5 represents an entirely different prospective target than the copper mineralisation at Tollu and has highlighted other geophysical anomalies located across the Project as potential targets for future exploration.
“The elevated levels of gold above background at EM5, albeit in trace amounts, are also highly encouraging and require further investigation.
“We will now evaluate the next steps available to us in any future activities at EM5 and the Project as a whole.”