Reliance Resources Reports High-Grade Copper and Silver Rock Grab Samples at Akelamo Prospect on Halmahera
Reliance Resources Limited (RI.TO) has provided an update on its exploration activities at its Akelamo Gold/Silver Prospect, located on the Kapa Kapa property on Halmahera Island, Indonesia. Reliance has more than 44,000 acres of exploration ground on Halmahera and the Company is the second-largest holder of exploration licences on the island next to Newcrest Mining Limited.
Laboratory assay results have been received for 7 samples collected during the Akelamo reconnaissance exploration program.
- 5.2% Cu from south-east extension of Akelamo Prospect
- 729 g/t Ag, 288g/t Ag and 75 g/t Ag from northernmost outcrops assayed at Akelamo
- New zone of epithermal veining discovered to south-west of Akelamo
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