Redbank Copper Ltd

Published : September 08th, 2009

Redbank Copper Media Release: Three New Copper Pipes Discovered

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ASX / MEDIA RELEASE                                                                                                    

8 SEPTEMBER 2009

 

THREE NEW COPPER PIPES DISCOVERED

 

Highlights:

 

?       Exploration success with three new high grade copper pipes discovered at Redbank

 

?       Significant high grade intersections, open at depth, including 11m @ 7.0% Cu

 

?       Increases confidence for expansion of resources, supporting recently released Mine Plan

 

Redbank Copper Limited (ASX: RCP) announced today significant results from the Reverse Circulation drilling program currently underway on its Redbank Copper Project, in the South McArthur basin region of the Northern Territory. 

 

Initial drilling of three advanced targets at the 100% owned ERL94 tenement have all returned significant copper values, with intersections up to 7% copper, confirming the high grade potential and the Company?s resource expansion strategy.

 

All three new pipes ? Roman Nose, Camp Valley and San Manuel - are open at depth and are expected to contribute to the resource base at Redbank after further drilling.

 

New 2009 RC Drilling Highlights, Redbank Copper Project

 

Hole No.

Length

Grade Cu

From

Roman Nose

RNRC09-002

62m

1.55%

82m

RNRC09-005

50m

(Including 11m)

3.03%

7.03%

193m

210m

Camp Valley

CVRC09-001

22m

(Including 8m)

2.05%

3.05%

100m

100m

San Manuel

SMRC09-001

36m

(Including 3m

and including 4m)

0.75%

1.21%

1.15%

surface

surface

13m

 

Redbank Managing Director Bruce Morrin said the results had identified new copper zones in the Redbank area, and continued the Company?s progress towards recommencement of operations at the project.

 

?The new results from Roman Nose, Camp Valley and San Manuel are particularly significant as there is currently no resources associated with these targets, so they are new copper zones, with initial high grade intersects which we will be following up with further drilling,? Mr Morrin said.

 

?The development of resources at these deposits will support the recently released Mine Study for Redbank.?

 

The Mine Study (announced 2nd September 2009), confirmed strong economic viability for a copper cathode and concentrate project at Redbank, and includes a base case model for an open pit copper mine with a life of ten years, including production from both oxide and sulphide ores. First production is targeted for 2010.


?We are pretty excited by these latest results, and vindicates our strategic exploration approach. Our drilling program is continuing as per schedule, and will soon be moving back for follow up drilling to target down dip extensions at these newly discovered copper zones,? Mr Morrin said.

 

Redbank has now drilled 6000 meters of RC drilling in the current campaign, and will now drill more holes at the Roman Nose, Camp Valley and San Manuel prospects, following the current water bore drilling near Sandy Flat.

 

At the Roman Nose deposit, a result of 50m @ 3.0% from 193m, including 11m @ 7.0% Cu was received from RNRC09-005. This impressive high grade result confirmed the modelled breccia pipe after the initial discovery drilling in hole RNRC09-002, and the company expects to generate further significant intersections from follow up drilling.

 

At the Camp Valley prospect 200m west of Roman Nose, an initial discovery hole encountered significant copper both up-dip and at the bottom of the hole. Best result received was 22m @ 2.05% Cu from 100m, including 8m @ 3.05% Cu from CVRC09-001. The zone is only partially tested and remains open at depth representing a significant target for generating additional sulphide resources.

 

Two holes were drilled into the San Manuel prospect, which a produced a result of 4m @ 1.15% Cu from 13m within an overall low grade zone of 36m @ 0.75% Cu from surface for hole SMRC09-001.  Further drilling is expected to confirm the presence of an oxide resource from surface again for additional sulphide resources.

 

More detailed drilling results are included in Table 2 together with a summary of previously released 2009 drilling results in Table 3. A summary of exploration activities is also included.

 

Please follow the link below to view the full media release and summary of exploration activities:

http://www..purplecom.com.au/_content/documents/1335.pdf

 

 

For further information, please contact:

Bruce Morrin                                                              

Managing Director                                                      

Tel: +61 (0)8 6389 6400                                              

Mob: +61 (0)488 770 553                                            

 

Warrick Hazeldine / Ryan McKinlay

Purple Communications

Tel: +61 (0)8 6314 6300

Mob: +61 (0)417 944 616 / +61 (0)408 347 282

 

 

 

***

The new Spam Act commenced on 10 April 2004. This Act is aimed at reducing the amount of unauthorised emails you receive. You have been receiving e-mails

containing information and news releases from us on behalf of our clients because you are an important contact of Purple Communications, a boutique stakeholder

communications consultancy. If you do not wish to receive such emails from Purple, please click mailto: purple@purplecom.com.au subject=UNSUBSCRIBE or

reply to this email and put UNSUBSCRIBE in the subject line and we will not email you again.

 

If you do not reply, we will continue sending you relevant news and information via email. However, all future emails will allow you to unsubscribe.

Issued by

 

Purple Communications

Level 3, 28 Kings Park Road, WEST PERTH WA 6005

Ph: 08 6314 6300 Fax: 08 6314 6355

purple@purplecom.com.au

Redbank Copper Ltd

PRODUCER
CODE : RCP.AX
ISIN : AU000000RBM0
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Redbank Copper is a copper producing company based in Australia.

Redbank Copper holds various exploration projects in Fiji.

Its main asset in production is REDBANK COPPER PROJECT in Australia and its main exploration properties are MT KASI and FIJI STOCKPILE & EXPLORATION in Fiji.

Redbank Copper is listed in Australia. Its market capitalisation is AU$ 60.8 millions as of today (US$ 43.9 millions, € 43.5 millions).

Its stock quote reached its highest recent level on December 31, 1996 at AU$ 95.80, and its lowest recent point on September 29, 2017 at AU$ 0.00.

Redbank Copper has 2 339 429 888 shares outstanding.

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Corporate Presentations of Redbank Copper Ltd
6/25/2008An emerging copper producing company
Project news of Redbank Copper Ltd
9/8/2009(Redbank Copper Project)Redbank Copper Media Release: Three New Copper Pipes Discove...
2/10/2009(Redbank Copper Project) Expands NT Exploration Tenements
9/17/2008(Redbank Copper Project)Resource Upgrade for Redbank Copper Project
6/12/2008(Redbank Copper Project)Copper Project Boosted By Further High Grade Intercepts
5/28/2008(Redbank Copper Project)Outstanding Copper Grades Enhance Redbank Project
5/26/2008(Redbank Copper Project)Expands Copper Exploration Push
4/23/2008(Redbank Copper Project)Closes in on Oxide Copper Production
Corporate news of Redbank Copper Ltd
9/1/2009Media Release: Redbank's Copper Project Moves Ahead
3/3/2009Pays Out Macquarie Bank
12/17/2008Redbank Copper Strengthens Board
11/14/2008Agrees $6M Funding Package with Crawley Investment Group
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