Reliance Resources Announces Updates from Akelamo Project

Reliance Resources Limited (TSX:RI) announced updates from exploration activities at its Indonesian Akelamo Gold/Silver Prospect.

As quoted in the press release:

Reconnaissance exploration in the southern extension of the Akelamo Zone has encountered rock float of silicified and brecciated volcanics with tarnished sulphides. A grab sample of this has assayed high in copper and silver – 5.2% Cu and 83 g/t Ag. This sample continues a pattern observed at Akelamo of high-grade copper values adjacent to the main Akelamo Zone .

Reliance Resources CEO, Gary Lewis, said:

The discovery of high grade copper at Akelamo is a further indication of the high prospectivity of the Reliance exploration concessions in Halmahera. Field exploration continues to increase the extent of the mineralisation at Akelamo and it is now evident that the mineralising system is of a large scale. Akelamo is only one 5 known prospect areas within the Kapa Kapa property.

To view the whole press release, click here.