Australia's Redstone Resources soars on further high grade copper find

Redstone Resources

24/04/2023 03:29

** Shares of Redstone Resources Ltd  RDS.AX  climb as much
as 30% to A$0.013, their highest since Nov 22
    ** Copper miner says most recent reverse circulation
drilling campaign confirms further significant high grade copper
 mineralisation intersections at the Forio prospect in Western
Australia
    ** Says these high grade copper intersections extend Forio's
 mineralisation zone to a 60 meter strike length (north and
south) of continuous high grade copper
    ** Stock posts its biggest intraday pct gain since Nov 21
    ** More than 12.6 mln shares change hands, 22 times the
30-day average volume 
    ** Stock up 25% this year, as of last close


 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))