RBM redbank mines limited

24 January 2007Significant Copper Mineralisation atBluffFurther...

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    24 January 2007
    Significant Copper Mineralisation at
    Bluff
    Further to the Company’s first drilling progress
    report for the Redbank Copper Project dated 18
    January 2007, additional interim results have been
    received from the infill and extension drilling
    programme recently completed. Assays from 245
    metres of drilling (244 samples, 4 drill holes) at the
    Bluff deposit have been received. The most
    significant results are (refer Table 1 for details):
    • 57m at 2.06% copper from 11m down hole,
    including 25m at 3.26% copper from 29m in
    Hole BL06-7;
    • 37m at 0.96% copper from 73m down hole,
    in Hole BL06-10.
    Hole BL06-7 was designed to test the centre of the
    mineralised breccia pipe. It confirms the excellent
    grade and consistency of copper mineralisation at
    Bluff.
    Hole BL06-10 was designed to test the alteration
    zone at the edge of the breccia pipe and has
    returned a significant intersection of potentially ore
    grade material. These results have positive
    implications for finding more mineralisation in the
    host rocks surrounding the mineralised breccia
    pipe.

    Redbank Mines Limited
    ASX Announcement 24 January 2007 2
    The fourth hole, Hole BL06-5, located outside of the locus of the known deposit, did not
    intersect significant mineralisation.
    These results follow those reported to ASX on 18 January (refer Table1 for details), namely:
    • Hole BL06-1, 44m at 1.51% copper from 80m down hole, including 8m at 2.73%
    copper and 3m at 3.41% copper;
    • Hole BL06-2, 34m from surface at 1.18% copper, including 7m at 2.17%
    copper;
    • Hole BL06-3, 25m from surface at 1.00% copper.
    Results to date demonstrate the quality and consistency of the copper mineralisation style at
    the Bluff, being one of the two breccia pipe deposits being tested in this round of drilling.
    Assay results from RC and diamond drilling from the remaining 2,300m recently completed at
    Bluff and Punchbowl deposits are pending and will be reported as they are received.
    Yours faithfully,
    Redbank Mines Limited
    Jerome G Vitale
    Managing Director
    Note
    The information contained in this announcement, insofar as it relates to the current drilling, is sourced from
    information compiled by Dr D James Searle, B.Sc, PhD, MAusIMM, MAICD. Dr Searle is an Executive Director
    of Redbank Mines Limited and has sufficient expertise relevant to the style of mineralisation and type of deposit
    under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in
    the 2004 Edition of the ‘Australasian Code for Reporting of Mineral Resources and Reserves’. Dr Searle has
    approved the inclusion of the statement in the form and context which it appears.


    ASX Announcement – ASX Announcement 24 January 2007 3
    Table 1: Bluff - significant (>0.5% copper) intercepts from the first and second batch of
    drilling results received.
    Hole
    Easting
    (m)
    Northing
    (m)
    Az deg. Dec deg. From m Metres % copper
    BL06-7 796 200 8 098 225 180 60 surface 11 0.51
    12 57 2.06
    including 29 25 3.26
    BL06-10 796 175 8 098 275 180 60 surface 9 0.63
    73 37 0.96
    BL06-11 796 150 8 098 225 90 60 17 8 0.63
    BL06-1 * 796 250 8 098 225 050 60 80 44 1.51
    including 87 8 2.73
    including 99 3 3.41
    BL06-2 * 796 225 8 098 225 180 60 0 34 1.18
    including 20 7 2.17
    BL06-3 * 796 225 8 098 250 180 60 0 25 1.00
    25 1 0.55
    36 3 1.15
    39 1 0.62
    * Results are from the first batch of drilling results received previously reported on 18 January 2007.
    Note 1:
    These results have been reported as interim results from the assay laboratory. Satisfactory results from internal
    blank flushes in the laboratory procedure have been received but full quality control analysis and final assay
    certificates have not yet been collated and received. However the in the opinion of the qualified person the final
    results are not expected to vary significantly.
    Note 2:
    The reported copper results are total copper obtained from a standard analytical procedure using a robust acid
    digest of the pulped sample.
 
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