Redhill Resources Corp.: Additional Mapping and Sampling Completed at Honey Comb Hills
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/01/11 -- Redhill Resources Corp. (TSX VENTURE: RHR) ('Redhill' or the 'Company') is pleased to announce the results of the additional mapping, sampling and soil grid at the Company's Honey Comb Hills Rare Earth Property in Juab County, Utah. The Honey Comb Hills Property (the 'Property') is 20 miles west of IBC Advanced Alloys Project also in Juab County.
The Property encompasses an alkalic rhyolite flow dome complex which exhibits highly anomalous rare earth elements, lithium, beryllium, and rubidium. Mineralization occurs throughout the dome but appears to be higher in grade within a flat to gently dipping sequence of rhyolite tuffs and breccias.
Sixty eight additional rock chip samples and 319 soil samples were collected during this time. Mapping and sampling was also conducted in two historical adits on the property. Results from the soil grid suggest that lithium (Li), beryllium (Be), rubidium (Rb) and TREO (total rare earth oxides, including lanthanum to lutetium plus yttrium) mineralization may be present under shallow cover to the east flank of the main Honeycombs ridge. Elevated values, particularly in rubidium and total rare earth oxides, on that flank may represent a down-dropped block as suggested by earlier geophysics. Rubidium is used in 'photocells', a device for converting light energy into electrical energy that potentially could be used to reduce the combustion of fossil fuels.
In addition, sampling and mapping of a decline excavated in rhyolite breccias show highly anomalous Li, Rb and weakly anomalous TREO assays from 460-1050 ppm, 471-1035 ppm, and 392-461 ppm respectively. In contrast, samples from an adit excavated on the overlying more massive rhyolite exhibit higher Rb assays, lower Li assay and similar TREO assays - 1135-1210 ppm, 150-230 ppm and 454-493 ppm respectively. This suggests that the lower rhyolite breccia may be more amenable to lithium mineralization and the upper unit more enriched in rubidium.
The Honey Comb Hills Property is in the same county, and hosts a similar geologic environment, to nearby Spor Mountain Mine. Spor Mountain Mine is owned by Brush Engineered Metals and produces approximately 48,000 tonnes of bertrandite ore annually, grading 0.35% beryllium, representing nearly 60% of world production as reported by the US Geological Survey ('USGS'). Studies conducted by the USGS and by the U.S. Bureau of Mines in the 1960's confirm the occurrence and grade of the beryllium deposits in this area.
This news release has been reviewed by Brent Butler, a Qualified Person as that term is defined in NI 43-101.
REDHILL RESOURCES CORP.
Graham Harris, Chairman
'This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the potential mineralization and geological merits of the Honey Comb Hills property and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.'
'The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.'
Contacts:
Redhill Resources Corp.
Investor Relations
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604-602-1606 (FAX)
investor@redhill-resources.com
www.redhill-resources.com