Red­zone trenches 1.52 m of 0.62 per cent Li2O at Fort­ner Boyd

Stockwatch Daily - - MINES & METALS - Mr. Michael Mur­phy re­ports

RED­ZONE RE­SOURCE Ltd. has re­ceived as­say re­sults from its ini­tial trench­ing pro­gram at the Fort­ner Boyd lithium project lo­cated six miles south­west of Wick­en­burg, Ariz. A to­tal of 246 me­tres (810 feet) of trench­ing in 17 trenches were com­pleted. Trenches were dug at both the Lucky Mica and Dove tar­gets. De­spite the chal­leng­ing con­di­tions for trench­ing, some pos­i­tive re­sults were re­turned from the pro­gram. The trenches con­firmed the strike length of 500 me­tres of the Lucky Mica dike, with widths rang­ing from three me­tres to 15 me­tres at sur­face ex­po­sure. The Dove tar­get was suc­cess­fully in­ter­cepted along a strike length of 120 me­tres, with widths rang­ing from two me­tres to 14 me­tres. Among the sam­ples taken from the trenches at Lucky Mica, a three-me­tre (10-foot) sec­tion of trench LMT-5 re­turned 0.37 per cent lithium ox­ide, and in trench LMT-7, a 1.5-me­tre (five-foot) sec­tion re­turned 0.55 per cent lithium ox­ide. Trench­ing at the Dove oc­cur­rence yielded a 1.5-me­tre (five-foot) sec­tion of trench (trench DT-5) grad­ing 0.62 per cent lithium ox­ide. The other trenches (10 out of 14 trenches) suc­ceeded in ex­pos­ing the dike, but no sig­nif­i­cant lithium re­sults were ob­tained from the chip sam­pling.

(See REZ Ta­ble 1 on page 19)

The re­sults pre­sented above, com­bined with ear­lier grab sam­ples, show that lithium is present in the dike and can be used to guide shal­low fol­low-up di­a­mond drilling. This cost-ef­fec­tive trench­ing pro­gram will be fol­lowed up by an ini­tial di­a­mond drilling pro­gram that will test be­low lithium min­er­al­iza­tion in trenches in the Lucky Mica and Dove ar­eas. The drill per­mit has been ap­proved and the bond has been ac­cepted, and Red­zone Re­sources ex­pects the ac­tual per­mit to be is­sued im­mi­nently. An ini­tial first phase of drilling, com­pris­ing seven drill holes for a to­tal of 520 me­tres, will be con­ducted to as­sess the pres­ence and zona­tion of the min­er­al­iza­tion. Based on the re­sults of this ini­tial phase, an ad­di­tional seven holes are planned to test for min­er­al­iza­tion along the full cur­rently mapped strike of the Lucky Mica dike. The drilling pro­gram, once mo­bi­lized, is ex­pected to take ap­prox­i­mately 30 days. Al­tar Drilling Inc. has been con­tracted to con­duct the drilling. Red­zone Re­sources is fi­nanced to carry out this drill pro­gram.

We seek Safe Har­bor.

Erika Flores con­densed this news re­lease (erikaf@stock­watch.com).

Cameron Bell, Gary Dun­can Brown, Alan For­rester Matthews, Michael Dar­ren Mur­phy, Craig An­thony Roberts

(REZ) Shares: 23,462,284

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