Redhill acquires an additional Prospecting License within Tembo’s Claim block.
(firmenpresse) -
Redhill acquires an additional Prospecting License within Tembo’s Claim block.
Redhill Resources Corp., (RHR: TSX-V), (“Redhill” or the “Company”) is pleased to announce that it has entered into an Agreement (the “Agreement”) with Thamani Mines Ltd. allowing Redhill to acquire a 100% interest, in a prospecting license adjoining the Nyakagwe property located in Tanzania, East Africa. This additional land adds 100 hectares to the project, bringing the total number of hectares to approximately 500.
The Nyakagwe property is strategically located on the Bulyanhulu regional trend within six kilometres (km) of Barrick Gold’s 12 million-ounce Bulyanhulu gold mine. The property consists of forty-six Primary Mining licenses (PML’s) and one prospecting license (PL) that is contiguous to the company’s present land holdings. The Nyakagwe PML’s and PL’s are surrounded entirely by prospecting licenses and applications for prospecting licenses owned and presently being explored by Tembo Gold Corp.
The Company is fully funded and is planning an extensive exploration program on for 2012. The program will include mapping, sampling, trenching and induced polarization (IP), with the intention of defining drill targets for the upcoming exploration season.
In order to acquire the 100% interest in the additional prospecting license, the Company has agreed to make the following cash payments, share issuances and exploration expenditures in the table below:
http://www.irw-press.com/dokumente/RHR_Tables_250111.pdf
A finder’s fee of the maximum allowed under the policies of the TSX Venture Exchange will be paid in cash in connection with the acquisition.
This news release has been approved by Brent Butler, a Qualified Person as that term is defined in NI 43-101.
To find out more about Redhill Resources Corp, please contact investor relations at (604) 662-8184 or email investor(at)redhill-resources.com. You may also visit our website at www.redhill-resources.com.
REDHILL RESOURCES CORP.
“Clive Massey”
Clive Massey
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.”
Leseranfragen:
Redhill Resources Corp.
Suite 2000 - 1177 West Hastings Street
Vancouver , BC V6E 2K3 Kanada
Clive Massey
E-Mail: cmassey(at)redhill-resources.com
Tel: +1 604-662-8184
Fax: +1 604-602-1606
Datum: 26.01.2012 - 14:06 Uhr
Sprache: Deutsch
News-ID 108072
Anzahl Zeichen: 2854
contact information:
Town:
Wien
Kategorie:
Business News
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