UPDATE: Redhill Resources Corp Pares Earlier Gains As Provides Deflector Gold Deposit Update
Redhill Resources Corp (RHR.V) is now up by 8%, cutting its earlier gain by half, after announcing that Mutiny Gold Ltd., operator and optionee of Redhill's wholly owned Gullewa Copper-Gold Project, has informed Redhill of "significant" new high-grade gold intersections generated from the West Lode of its Deflector Gold Deposit.
It said: "The latest results were from Mutiny's recently completed diamond drilling program within the recently discovered extensions of the Deflector Deposit. These results will be incorporated into the revised resource estimate, which is expected to be released in the coming weeks.
Redhill Resources is a progressive exploration and resource development company with major gold projects in Australia as well as rare earth projects in Utah, USA and British Columbia, Canada.
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