Redstone Resources (RDS)

Shares / Stock Code

RDS

Stock Exchange / Sharemarket

Australian Securities Exchange

Redstone Resources (RDS) is a minerals exploration company, holding a portfolio of properties in the West Musgrave Region in Western Australia. The company is focusing on the Nickel-Copper-Platinum Group Elements (Ni-Cu-PGE) and Iron-Oxide Copper-Gold (IOCG) deposits. The company listed on the Australian Stock Exchange (ASX) on the 3rd August 2006.

Redstone Resources is concentrating its exploration in two regions, the Musgrave Block in Central Australia and the Amazon Craton in South America. Redstone holds an exploration portfolio in the Western Musgrave Region of Australia over an area of 6,700km2, which is highly prospective for Ni-Cu-PGE and IOCG style mineralisation.

The company holds tenements prospective for phosphorous and potassium in the Amazon Basin, and iron and nickel in the Amazon Craton. Redstone has a well-developed targeting and project acquisition strategy which is continually generating new projects for the company.

It is concentrating its exploration in two regions, the Musgrave Block in Central Australia and the Amazon Craton in South America. The Company holds tenements prospective for phosphorous and potassium in the Amazon Basin, and iron and nickel in the Amazon Craton.

Stripeys Project

The Murray Hills Project (244.9 km2) is situated approximately 60km northwest of the giant Wingellina Ni Laterite deposit. The Project contains a classic conduit shaped layered ultramafic intrusion with considerable thicknesses of pyroxenite to dunite. The ultramafic portion of the intrusion, including four narrow gabbro layers, is 2.7km true thickness, and the target stratigraphy has over 10km of strike. An agreement with the Traditional Owners was negotiated in early May 2008. On ground clearances were conducted in June 2008.

Two rock-chip samples were collected during a reconnaissance visit to the intrusion. One of these rock chip samples contains 0.205 g/t PGE + Au and elevated Cu. The sample was collected near the top of the ultramafic portion of the intrusion and the grades of PGE illustrate the potential of the intrusion to host reef type PGE mineralisation. Geochemical studies of the intrusion (including Cu/Pd*1000 ratio work) also show that it is extremely fertile for PGEs and sulphide mineralisation.

The conduit-shaped ultramafic intrusion, apart from being prospective for PGE reef-type deposits, is also highly prospective for basal Ni-Cu-PGE and Ni laterite styles of mineralisation. Several valleys and potential deep weathering zones along the intrusion are sited over favourable ultramafic units. The intrusion is coincident with a discrete gravity high and distinct magnetic low.

A second area of interest on the Project is the the Murray Range Giles Complex Gabbro Intrusion in the east of the project area. The western contact with basement rocks contains a 1.8km long ironstone which is thought to be prospective for Ni-Cu-PGE mineralisation (contains anomalous copper based on reconnaissance sampling).

Redstone Resources (RDS) Products and Services

  • Mineral exploration

Redstone Resources (RDS) Locations and Subsidiaries

Redstone Resources Head Office
Suite 3, 110-116 East Parade,
EAST PERTH, WA, AUSTRALIA, 6004
Phone: (08) 9328 2552
Fax: (08) 9328 2660

Redstone Resources (RDS) Share Price

Submitted by ASX Listed Company on 26 May, 2010 - 22:06

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