Redzone Announces Expansion of Arizona Lithium project by over 600% to 4,132 acres
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 9, 2018) - Redzone Resources Ltd. (TSX VENTURE:REZ) ("the Company" or "Redzone") is pleased to announce that it has located and staked an additional 173 lode claims at or near its Fortner & Boyd Lithium Property. This area increases the Company's total land package by 3,574 acres and brings the Company's total land holding to 200 lode claims totaling 4,132 acres. In the process, the Company has covered two additional lithium prospects. These two prospects are the Ambly and Dove Claims. Historical reports from the Arizona Geological Survey indicate that several rail car loads of lithium ore were mined at the Dove Claims (report 1980) and records from the Mineral Resources Data System (MRDS) indicate that Ambly was explored historically for lithium (report 1978).
The Company has also retained a local Arizona engineering firm, Engineering & Environmental Consultants (EEC), to assist it with exploration, permitting and other activities on its land package in. EEC has offices in Tucson and Phoenix, Arizona.
The Company intends to immediately begin exploration work on these newly acquired claims as well as the eight other Lithium-bearing mineralized outcrops on the property to determine their economic potential.
Michael Murphy, President and Chief Executive Officer of Redzone, stated "We are extremely excited about the increased land position and the mineralized zones identified in last year's campaign. With the recently closed financing, the Company is now positioned to carry out a systematic exploration campaign over the eight mineralized outcrops/ exposed dykes, as well as the two historic mineralized prospects, the Dove and Ambly Claims. We expect the 2018 exploration work to begin imminently."
About Redzone
Redzone is a mineral exploration company with a focus on metals that make up and support the rapid evolution to battery power. Redzone's common shares are listed on the TSX-V under the ticker symbol "REZ" and more information about the Company is available on its issuer profile on SEDAR at www.sedar.com or at www.redzoneresources.ca.
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 and/or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or lithium at any of the Company's properties, the prospective nature of any claims comprising the Company's property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results of future exploration, and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Contact
Michael Murphy
President and Chief Executive Officer
michael.murphy@redzoneresources.ca