Redhill Resources Corp.: Additional Mapping and Sampling Commences at Honey Comb Hills
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/17/11 -- Redhill Resources Corp. (TSX VENTURE: RHR) ('Redhill' or the 'Company') is pleased to announce that additional mapping and sampling is now underway 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.
This secondary program is intended to follow up on the previous mapping and sampling program that reported assays of up to 1043 ppm total rare earth oxides (TREO), 1690 ppm lithium, greater than 1000 ppm beryllium and 1270 ppm rubidium. Detailed mapping shows an anomalous area of roughly 500 by 1000 metres with a satellite anomalous area of 500 by 500 metres. In addition, both anomalies are flanked by quaternary alluvium and could extend substantially under shallow cover. The ongoing program includes an extensive soil sampling grid to possibly outline anomalous areas under shallow cover suggested by an earlier geophysical survey. In addition, detailed mapping and sampling of historical mine workings is also under way.
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.
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. Studies conducted by the U.S. geological survey and by the U.S. Bureau of Mines in the 1960's confirm the extent 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
604-662-8184 or Toll Free: 1-877-662-8184
604-602-1606 (FAX)
investor@redhill-resources.com
www.redhill-resources.com