Redhill Resources Corp TSXV:RHR in joint venture with Mutiny Gold Ltd MYG announced results from their Gullewa Gold Project in Western Australia. Highlights include
153 g/t gold and 13.3% copper over 3.6 metres
47.6 g/t gold and 1.5% copper over 3 metres
20.9 g/t gold and 0.3% copper over 6 metres
17.4 g/t gold and 1.2% copper over 4 metres
22.8 g/t gold and 1.2% copper over 3 metres
18.8 g/t gold and 0.8% copper over 3 metres.
Mutiny can earn a 70% interest in the project by paying Redhill AUD$9 million by October 31st, 2011. Mutiny can increase its interest to 100% by paying Redhill an additional AUD$4 million, with Redhill retaining a 10% net profit interest. Mutiny acts as project operator.
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Redhill Resources Corp
Mutiny Gold Ltd
by Greg Klein