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REDCORP VENTURES LTD. (RDV-TSX) and Redfern Resources Ltd. ("Redfern"), its wholly-owned subsidiary, (together
the "Company"), are pleased to announce that construction
equipment, machinery and supplies are scheduled to be delivered to the mine
site later this week by conventional river and ocean barges.
Construction activities at the mine site include the assembly of a
temporary camp for construction crews, installation of a sewage system,
marking of boundaries and the construction of a temporary access road on
the Company's privately held land and mineral claims.
The barges, three in total, will be stationed in deep waters at the
mouth of the Taku River
until all equipment is off loaded and delivered to site. Allowing for
weather delays, daily river conditions and avoidance of interference with
other river users, the company expects this process to take approximately
ten days.
The Company has contracted Arctic Construction Ltd. of Prince George, BC
for these initial construction activities.
Redcorp
Ventures Ltd. is a Vancouver-based mineral exploration and development
company with active projects in British Columbia
and Portugal.
Further information on Redcorp and the Tulsequah Project can be obtained on the Company's
website at www.redcorp-ventures.com and at Redfern's website at www.redfern.bc.ca or by calling toll-free to Troy Winsor, Manager of Investor
Relations, at 1-888-225-9662.
ON BEHALF OF THE BOARD OF DIRECTORS OF REDCORP
VENTURES LTD.
"Terence Chandler"
Terence Chandler
President
Megan O'Donnell, P.Geo. and Michael G. Allen, P.Geo
are the qualified persons, as defined by National Policy 43-101,
supervising the exploration program at the Tulsequah
Project. Eco-Tech Laboratories of Kamloops BC
is an accredited assay laboratory conducting the sample analyses and assays
using standard techniques.
Certain of the statements made and information
contained herein is "forward- looking information" within the
meaning of the Ontario
Securities Act. This includes statements concerning the Company's plans at
its Tulsequah Project and other mineral
properties, which involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of
the Company, or industry results, to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking information. Forward-looking information is subject to a
variety of risks and uncertainties which could cause actual events or
results to differ from those reflected in the forward-looking information,
including, without limitation, the availability of financing for
activities, risks and uncertainties relating to the interpretation of drill
results and the estimation of mineral resources and reserves, the geology,
grade and continuity of mineral deposits, the possibility that future
exploration, development or mining results will not be consistent with the
Company's expectations, metal price fluctuations, environmental and
regulatory requirements, availability of permits, escalating costs of
remediation and mitigation, risk of title loss, the effects of accidents,
equipment breakdowns, labour disputes or other unanticipated difficulties
with or interruptions in exploration or development , the potential for
delays in exploration or development activities or the completion of
feasibility studies, the inherent uncertainty of production and cost
estimates and the potential for unexpected costs and expenses, commodity
price fluctuations, currency fluctuations, expectations and beliefs of
management and other risks and uncertainties, including those described
under Risk Factors Relating to the Company's Business in the Company's
Annual Information Form and in each management discussion and analysis. In
addition, forward-looking information is based on various assumptions
including, without limitation, contractor's costs, remote site transportation
costs and materials costs for future remediation. Should one or more of
these risks and uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those described in
forward-looking statements. Accordingly, readers are advised not to place
undue reliance on forward-looking information. Except as required under
applicable securities legislation, the Company undertakes no obligation to
publicly update or revise forward-looking information, whether as a result
of new information, future events or otherwise.
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