RedZone Resources Acquires Staking Rights Relating to the Wells Vanadium Project in British Columbia
RedZone Resources Acquires Staking Rights Relating to the
Wells Vanadium Project in British Columbia
Vancouver, British Columbia, February 25th, 2019 – 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 metr es 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 ri sks 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 n ot be placed on
forward-looking statements.