RedZone Resources Acquires Staking Rights Relating to the Wells Vanadium Project in British Columbia
TSX VENTURE: GBML
VANCOUVER, British Columbia, Feb. 25, 2019 (GLOBE NEWSWIRE) -- RedZone Resources Ltd. (TSX-V: REZ, Frankfurt: REZ, OTC: REZZF) (the “Company” or “RedZone”) is pleased to announce that it has acquired approximately 4,438 hectares of prospective Vanadium mineral claims near Mackenzie, BC, the mineral rights were obtained by staking. The property is targeting the extension of high grade shale hosted Vanadium mineralization discovered on the Ethos Project to the immediate northwest of Pine Le Moray Provincial Park. The unit hosting the mineralization is a Triassic black shale to calcareous mudstone. Triassic stratigraphy on the RedZone property is along strike from the Ethos’ discovery. Anomalous stream sediment samples are located downstream from the staked block 4 Stream Sediment samples in 70th percentile and 1 sample in 95th percentile (354 ppm V) from regional stream survey (Geoscience BC Report 2008-7).
RedZone is a mineral exploration company with a focus on metals that make up and support the rapid evolution to battery power. RedZone’s common shares are listed on the TSX-V: REZ, on the Frankfurt exchange: REZ, and on the OTC: REZZF. RedZone currently has three projects: 1) Fortner-Boyd Lithium project in Arizona, 2) North-West Leinster Lithium property in Ireland, and 3) a 55% stake in the Peru based Lara copper property, which has over 10,000 metres of drilling. More information about the Company is available on its issuer profile on SEDAR at www.sedar.com or at www.RedZoneResources.ca. For further information please contact:
Michael Murphy, President and Chief Executive Officer
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 and/or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or lithium at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results of future exploration, and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.