Redzone Announces Expansion of Arizona Lithium project by over 600% to 4,132 acres.
Redzone Announces Expansion of Arizona Lithium project
by over 600% to 4,132 acres.
(Vancouver, British Columbia – January 9, 2018) – Redzone Resources Ltd. (TSXV:
REZ) (“the Company” or “Redzone”) is pleased to announce that it has located and
staked an additional 173 lode claims at or near its Fortner & Boyd Lithium Property.
This area increases the Company’s total land package by 3,574 acres and brings the
Company’s total land holding to 200 lode claims totaling 4,132 acres. In the process,
the Company has covered two additional lithium prospects. These two prospects are
the Ambly and Dove Claims. Historical reports from the Arizona Geological Survey
indicate that several rail car loads of lith ium ore were mined at the Dove Claims
(report 1980) and records from the Mi neral Resources Data System (MRDS)
indicate that Ambly was explored historically for lithium (report 1978).
The Company has also retained a local Arizona engineering firm, Engineering &
Environmental Consultants (EEC), to assist it with exploration, permitting and other
activities on its land package in. EEC has offices in Tucson and Phoenix, Arizona.
The Company intends to immediately be gin exploration work on these newly
acquired claims as well as the eight othe r Lithium-bearing mineralized outcrops on
the property to determine their economic potential.
Michael Murphy, President and Chief Executive Officer of Redzone, stated “We are
extremely excited about the increased land position and the mineralized zones
identified in last year’s campaign. With the recently closed financing, the Company
is now positioned to carry out a systema tic exploration campaign over the eight
mineralized outcrops/ exposed dykes, as well as the two hist oric mineralized
prospects, the Dove and Am bly Claims. We expect th e 2018 exploration work to
begin imminently.”
About Redzone
Redzone is a mineral exploration company with a focus on metals that make up and
support the rapid evolution to battery po wer. Redzone’s common shares are listed
on the TSX-V under the ticker symbol “R EZ” and 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 n ews 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 comprisi ng the Company’s property interests, the
impact of general economic conditions, industry conditions, dependence upon
regulatory approvals, uncertainty of samp le results, timing and results of future
exploration, and the availability of financ ing. 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.