DJ MARKET TALK: Redbank Mines Soars; Intercepts Copper 2342 GMT...

DJ MARKET TALK: Redbank Mines Soars; Intercepts Copper

2342 GMT [Dow Jones] Redbank Mines (RBM.AU) soars to 22 cents then eases, last up 6
cents, or 44%, at 19.5 cents on heavy trading of 17.3 million shares. Jump follows report
of copper pipe discovery at Punchbowl prospect at its namesake project in Northern
territory, with intercepts including 59 meters assaying 1.6% copper. RBM says drilling at
Bluff prospect, news of which sparked share price rally earlier this month, confirms
geometry, consistency of copper mineralization, with intercepts of 61 meters at 2.7%
copper, 30 meters at 3.4%. RBM identifies 15 potentially mineralized breccia pipes on
tenements, which will be progressively drilled, in turn providing further trading
opportunities. RBM May 2008 share options (RBMO.AU) doubled to 6 cents. (RCB)

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(END) Dow Jones Newswires
February 18, 2007 18:42 ET (23:42 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.

Monday 19 February 2007 10:42:22:110 AEST