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RedZone completes 43-101 on the Fortner Boyd Lithium (Lucky Mica) Property, Arizona
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 22, 2017) - Redzone Resources Ltd. (TSX VENTURE:REZ) ("Redzone" or the "Company") is pleased to announce that a
About this update from Global Battery Metals Ltd.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 22, 2017) - Redzone Resources Ltd. (TSX VENTURE:REZ) (\"Redzone\" or the \"Company\") is pleased to announce that a National Instrument (\"NI\") 43-101 technical report has been completed by SGS Canada Inc. (\"SGS\") on the Fortner Boyd Lithium (Lucky Mica) property (the \"Property\"), Arizona, on which RedZone has an agreement to earn in to 100% ownership. It will be posted on www.sedar.com in the near future. Fortner Boyd Lithium Property: The Frontner Boyd claims (also known as the Lucky Mica claim group) are staked in the name of Godolphin Mining Inc., an Arizona corporation. Godolphin and Redzone have entered into an option agreement whereby RedZone may acquire 100% of the Property, on the terms disclosed in RedZone's August 2, 2016 press release. Highlights of the NI43-101 report: Sampling of the previously discovered Lucky Mica pegmatite body or dyke yielded grades as high as 7.5% Li2O from a spodumene rich pegmatite grab sample Ten new pegmatite outcrops have now been identified throughout the Property, possibly indicating up to seven distinct pegmatite bodies An independent sampling program conducted by SGS confirms the presence of lithium mineralization in these pegmatite outcrops and supports further work to target these bodies for potentially economic zones of lithium mineralization. Prior to 2016, geological evaluation work by numerous companies included drilling and excavation and a shaft to approximately 10 meters depth. Recent work by RedZone has included geological mapping, grab and channel sampling. A site visit of the Property was completed by Jean-Philippe Paiement, P.Geo. M.Sc. of SGS Canada Inc. in January 2017. The author conducted field inspection and sampling of the Lucky Mica dyke. Prospecting in other areas on the Property led to the identification and sampling of ten new pegmatite outcrops, possibly indicating up to seven distinct pegmatite bodies. The independent sampling program conducted by SGS at the Property confirms the presence of lithium mineralization in the pegmatite bodies and supports the targeting of these bodies for potentially economic zones of lithium mineralization. Currently, no Mineral Resources or Mineral Reserves have been estimated on the Property. Based on the surface mapping, sampling, and sectional interpretation of the Lucky Mi...