Redstone Resources (RDS) has received firm commitments to raise $750,000 via a share placement much of which will be used to evaluate its new project
Earlier this week the company announced it has entered a farm-in agreement to acquire up to 80 per cent of the HansTail Gold Project in Kalgoorlie, WA
Redstone's Program of Work has been approved and includes air core drilling and sampling to establish the gold endowment of HansTail to JORC 2012 status
The company will also continue exploration efforts at its wholly-owned West Musgrave Project
Redstone Resources shares were trading 20 per cent higher at 1.8 cents
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