Redhill to Drill SAT Property in Babine Porphyry Belt
19 Juni 2014 - 8:05PM
Marketwired
Redhill to Drill SAT Property in Babine Porphyry Belt
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 19, 2014) -
Redhill Resources Corp., (TSX-VENTURE:RHR), ("Redhill" or the
"Company") is pleased to announce that a minimum 2000 metre (m)
drill program commenced on its 100% owned SAT property (the
"Property") in north-central British Columbia. The program consists
of 4 to 6 HQ to NQ size drill holes designed to test a high
priority Induced Polarization ("IP") anomaly identified from the
2014 geophysics program.
Positive results obtained from the 18 kilometre (km) IP survey
resulted in defining a high priority high chargeability IP anomaly
approximately 900 by 1300 metres. Geophysical inversion modelling
indicates the target zone is unconstrained, open and strengthening
at depth.
The SAT Property covers 4,620 hectares in 10 contiguous road
accessible mineral claims approximately 50 km northeast of
Smithers, southwest of Babine Lake and west of the town of
Granisle. It is located within the prospective Stikine Terrane
which hosts known copper porphyry deposits including the historical
Granisle and Bell mines as well as the Big Onion and Morrison
deposits. The SAT Property is considered by the Company to be a
world class copper-gold-molybdenum porphyry target.
This news release has been reviewed by Brent Butler, Director,
and a Qualified Person as that term is defined in NI 43-101.
REDHILL RESOURCES CORP.
Andrew Bowering, President & CEO
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.
"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."
Redhill Resources Corp.Investor Relations(604)
662-8184investor@redhill-resources.comwww.redhill-resources.com
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