Redhill Resources Corp.: Exploration Update on Aspen Properties in Blackwater Gold Camp
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/12/13 -- Redhill Resources Corp. (TSX VENTURE: RHR) ("Redhill" or the "Company") reports on exploration progress completed on its Aspen Properties, located approximately 80 kilometers south-southwest of Vanderhoof, British Columbia in the Blackwater area of the Nechako Plateau region.
The Aspen Properties cover 35,600 hectares in two separate blocks. The Aspen West is strategically located west of the Chu molybdenum deposit (TTM Resources Inc.) and adjoins New Gold Inc.'s Blackwater Property to the northeast of the Blackwater gold-silver deposit. The Aspen East is located east of TTM Resources Inc.'s Chu deposit and 30 kilometres east-northeast of Blackwater.
The 2013 drilling program tested some of the IP anomalies detected in 2012 as well as a few historical IP anomalies detected (but not drilled) by Rio Tinto in 1969. During the program a total of 13 holes were drilled totaling 1785 metres. Significant results from this program are tabulated below.
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Interval Cu Ag Au As
Interval Length (wgt-avg) (wgt-avg) (wgt-avg) (wgt-avg)
DDH (m) (m) PPM PPM (g/t) PPB PPM
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A13-04 50.9 - 69.19 18 838 3 59 66
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A13-06 26.42 - 32.46 6 2645 42 997 462
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A13-08 79.85 - 81.99 2 12 1 1524 131
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A13-13 56.08 - 185 129 66 1 34 1016
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Since the drilling of these IP anomalies failed to return any significant intersections of mineralization, no further drilling is planned in this area.
Field crews have returned to the northern portion of the Aspen property, to complete a prospecting and sampling program aimed at finding the source of gold bearing boulders reported on the property in previous exploration programs. This program, planned to run for three to four weeks in duration, will follow up on surface samples ranging from background anomalous gold values to as high as 3.7 grams per tonne. Any significant results will be followed up with a program of trenching and diamond drilling if appropriate.
This news release has been reviewed by Brent Butler, Director, and a Qualified Person as that term is defined in NI 43-101.
To find out more about Redhill Resources Corp. please visit our website at www.redhill-resources.com.
REDHILL RESOURCES CORP.
Graham Harris, Chairman
"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Redhill Resources Corp.
Investor Relations
604-662-8184 or Toll Free: 1-877-662-8184
604-602-1606 (FAX)
investor@redhill-resources.com
www.redhill-resources.com