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1 month 2 weeks ago #121437 by PerseusLtd
PerseusLtd replied the topic: Redzone Resources
Ron, i am a Suscriber since last year

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1 month 3 weeks ago - 1 month 3 weeks ago #121436 by ron
ron replied the topic: Redzone Resources

Gambler wrote: Yes I do subscribe. I bought more at 12 cents this week


wasn't asking you Gambler,but to PerseusLtd,i don't think that he subscribes.
Last Edit: 1 month 3 weeks ago by ron.

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1 month 3 weeks ago #121428 by Gambler
Gambler replied the topic: Redzone Resources
Yes I do subscribe. I bought more at 12 cents this week

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1 month 3 weeks ago #121424 by ron
ron replied the topic: Redzone Resources
ron struthers as a strong buy on it,
you should subscribe to his newsletter,
it's not a waste of money.

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1 month 3 weeks ago #121403 by Gambler
Gambler replied the topic: Redzone Resources
News today, looks like a good acquisition and gives some portfolio diversification.

2018-10-23 10:08 ET - News Release


Mr. Michael Murphy reports

REDZONE RESOURCES ENTERS INTO AN OPTION/JOINT-VENTURE AGREEMENT TO ACQUIRE UP TO 90% OF THE NORTH-WEST LEINSTER LITHIUM PROPERTY IN IRELAND

Redzone Resources Ltd. has entered into an option agreement with LRH Resources Ltd., a private exploration company, to acquire up to 90 per cent of the North West Leinster lithium property in the Republic of Ireland.

Regional sampling; GSI stream sediments (1982 to 1985)

LRH has applied for and has received an exploration licence which will allow us to begin work almost immediately. RedZone can, after funding an agreed amount of due diligence exploration work, exercise three options to enter a joint venture agreement and acquire up to 90% of the of the North-West Leinster Lithium ("NWL") project on the terms summarized below.

The NWL Property is comprised of 13 exploration licences, totalling 529 sq. km (52,900 hectares) and is located approximately 35km southwest of Dublin. The project is centred on similar geology to that which hosts International Lithium Company's ("ILC") Avalonia Project, approximately 60km to the south. The Avalonia project is focussing on anomalous lithium bearing pegmatites and aplites that occur along the eastern and southern margin of the Devonian Caledonide granites, where they are in structural contact with Lower Palaeozoic meta-sediments. Ganfeng Lithium Co., one of the world's leading lithium producers established in China in 2000 and listed on the Shenzhen Stock Exchange since 2010, has agreed to spend $10 million to earn 79% of ILC's Avalonia project. ILC are currently drilling on the property and have returned intersections of up to 2.23% Li2O over 23 metres (Source: ILC Corporate Presentation Oct 2018).

Stream sediment sampling results on the NWL Property to date are plotted on the map below along with similar data reported for the ILC property:

At the NWL property, regional stream sediment surveys (Geological Survey of Ireland) show anomalous Li in the target area with samples ranging from 9 to 501 ppm; supporting observations from regional soil sampling (TEAGASC {A –} the Agriculture and Food Development Authority) which revealed values ranging from 42 to 166 ppm Li in the same area. Subsequent reconnaissance prospecting by LRH has confirmed the presence of pegmatites and aplites as boulder float. The samples returned anomalous lithium values in the northern and north-western part of the massif with grab samples returning results ranging from 50 to 7680 ppm Li (1.66% Li2O equivalent) and 3030 ppm Li (0.65% Li2O). Note that these grab samples are not necessarily representative of the mineralization hosted on the property.

The initial due diligence program is designed to conduct limited reconnaissance prospecting and geochemical sampling in drainages where the higher lithium values were identified. This work is being conducted to verify lithium anomalies and establish the geological setting of lithium mineralization. These surveys will then be followed-up with detailed prospecting, geological mapping and geochemical sampling (soil, deep overburden, stream sediment) that will guide further work if warranted.

RedZone can, after a {A €}10,000 payment and funding a minimum of {A €}40,000 due diligence expense over an 18-month period, exercise three options (the "Options") to acquire up to 90% of the of the NWL Property as follows:

Redzone can earn a 51% interest in NWL by spending {A €}1,000,000 within two years of the signing of a definitive option agreement giving effect to the Options (the "Commencement Date"); RedZone shall also make a payment to LRH of either in either (i) cash or (ii) subject to receipt of the approval of the TSX Venture Exchange or such other applicable stock exchange, a combination of a minimum of 10% in cash and the balance in common shares of RedZone at the applicable market price; within 14 business days of the Commencement Date;

RedZone can earn a further 24% interest (for a cumulative 75% interest in total) in NWL by spending a further {A €}2,000,000 within 5 years of the Commencement Date and paying LRH {A €}200,000 (at the option of RedZone, in either (i) cash or (ii) subject to receipt of the approval of the TSX Venture Exchange or such other applicable stock exchange, a combination of a minimum of 10% in cash and the balance in common shares of RedZone at the applicable market price; and

RedZone can earn a further 15% interest in NWL by completing a preliminary economic assessment and by paying LRH {A €}500,000 in either (a) cash or (b) subject to receipt of the approval of the TSX Venture Exchange or such other applicable stock exchange, a combination of a minimum of 10% in cash and the balance in common shares of RedZone at the applicable market price.

Upon RedZone earning its 51% interest in the NWL, a joint venture shall be formed between RedZone and LRH. Should LRH's interest be diluted below 10%, its interest shall convert to a 2% gross proceeds royalty (the "GPR"). RedZone shall have a buy-back right for a specified period on 1% of LRH's 2% GPR by paying LRH {A €}1,000,000 in either (i) cash or (ii) subject to receipt of the approval of the TSX Venture Exchange or such other applicable exchange, a combination of a minimum of 10% in cash and the balance in common shares of RedZone at the applicable market price.

The option agreement remains subject to the approval of the TSX Venture Exchange. RedZone may extend the required time frame to complete any earn in period for up to an additional 24 months, by making a cash payment to LRH of {A €}250,000 per 12 months and maintaining a minimum expenditure of {A €}250,000 per 12 months.

Michael Murphy, President and CEO, says, "This project fits well with our strategy of acquiring early exploration properties for metals that make up the battery supply chain and we have structured the transaction on terms that mean the cash component is modest until we are more certain of the property's economic viability."

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1 month 3 weeks ago #121402 by PerseusLtd
PerseusLtd replied the topic: Redzone Resources
Don't look good.

What a disaster

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2 months 6 days ago #121339 by lynnsa10
lynnsa10 replied the topic: Redzone Resources
Trench news out yesterday, looks like the market was not impressed

2018-10-11 14:03 ET - News Release


Mr. Michael Murphy reports

REDZONE COMPLETES TRENCHING PROGRAM ON THE LUCKY MICA AND DOVE DYKES, A DRILL PERMIT HAS BEEN APPROVED, AND PREPARES FOR DRILLING ON ITS 100 PER CENT OWNED FORTNER BOYD LITHIUM PROPERTY IN ARIZONA

Redzone Resources Ltd. has received assay results from its initial trenching program at the Fortner Boyd lithium project located six miles southwest of Wickenburg, Ariz. A total of 246 metres (810 feet) of trenching in 17 trenches were completed using a backhoe. Trenches were dug at both the Lucky Mica and Dove targets. An attempt was made to excavate to unweathered subcrop in each trench, which varies from one metre to 2.7 metres in vertical depth. The subcrop material was not conducive for channel sampling using a rock saw, so chip sampling by rock hammer was carried out on 1.5-metre intervals (five feet) adjusted to the lithological contacts and local ground conditions. A number of the planned trenches had to be modified due the presence of seasonal drainages (washes) and well-established species of vegetation that Redzone Resources was not allowed to disturb under the BLM trenching permit.

Despite the challenging conditions for trenching, some positive results were returned from the program. The trenches confirmed the strike length of 500 metres of the Lucky Mica dike, with widths ranging from three metres to 15 metres at surface exposure. The Dove target was successfully intercepted along a strike length of 120 metres, with widths ranging from two metres to 14 metres. Among the samples taken from the trenches at Lucky Mica, a three-metre (10-foot) section of trench LMT-5 returned 0.37 per cent lithium oxide, and in trench LMT-7, a 1.5-metre (five-foot) section returned 0.55 per cent lithium oxide. Trenching at the Dove occurrence yielded a 1.5-metre (five-foot) section of trench (trench DT-5) grading 0.62 per cent lithium oxide. The other trenches (10 out of 14 trenches) succeeded in exposing the dike, but no significant lithium results were obtained from the chip sampling. The current program confirmed the zoned nature of the lithium mineralization within the dikes, with the highest values currently observed in the eastern margins of the dike. Further investigation by drilling will be more appropriate to characterize the different zonations and the 3-D distribution of lithium mineralization in the dike; since the trenching sampling method failed to properly sample the mineralized material in the dikes. Drilling will ensure that representative samples are taken in the dike and host rocks.

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2 months 2 weeks ago #121192 by Gambler
Gambler replied the topic: Redzone Resources
GB, that looks great. Trenching news not far off, could easily pop higher on that news

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2 months 2 weeks ago #121188 by GoldnBoy
GoldnBoy replied the topic: Redzone Resources
Very little stock on offer, just a little bit of buying and this will pop

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2 months 3 weeks ago #121138 by ron
ron replied the topic: Redzone Resources

Gambler wrote: been quiet here. I picked up some more stock at these levels


still holding it and waiting for good news,this stock can pop real fast,went to $0.64 and $0.74 on a moriarty recommendation.

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2 months 4 weeks ago #121134 by Gambler
Gambler replied the topic: Redzone Resources
been quiet here. I picked up some more stock at these levels

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4 months 3 weeks ago #120863 by RonS
RonS replied the topic: Redzone Resources
The link on Youtube stopped working so both Rons have the right one.

This Bloomberg article expects another jump in lithium market driven by mergers and acquisitions

www.bloomberg.com/news/articles/2018-03-...-a-bonanza-for-deals

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