Redstone Resources Limited (ASX:RDS) Completes Deep Diamond Drilling at West Musgrave Project
Drilling Completion
Redstone Resources Limited (ASX:RDS) has successfully completed its deep diamond drilling program at the West Musgrave Copper Project in Western Australia. The deep diamond hole, TLD005, reached a depth of 1,192m at the Chatsworth Prospect, targeting beneath the high-grade Tollu Cu deposit for potential Voisey’s Bay style Cu-Ni mineralisation.
Initial Results Awaited
The company is encouraged by initial geological observations and is awaiting geochemical assay results, expected this quarter. A total of 214 half core drill samples have been dispatched for analysis.
Funding and Future Plans
The cost of the drilling program was reduced through co-funding from the Exploration Incentive Scheme, with Redstone receiving a grant of up to $220,000. Planning is underway for potential RC drilling around Chatsworth and Forio Prospects, as well as other priority targets outside the Tollu resource.
Executive Comments
Chairman Richard Homsany stated, “We are delighted to report the completion of our deep diamond hole at the West Musgrave Copper Project on time and on budget. All samples have now been dispatched to the laboratory, and we expect first results to be available this quarter.
Our drilling completed to date at the project has shown the Tollu Cu deposit already represents a high-grade Cu accumulation from the surface to a depth of approximately 400m, and we are eager to assess the outcomes from this deeper hole testing beneath the existing Tollu Cu Deposit. Planning is now underway for potential follow-up drilling at West Musgrave which will test some of our other high-priority targets and we look forward to providing further updates on progress.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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