High grade gold intersected in Sondana drilling, Tanoyan Gold Project, Sulawesi, Indonesia

  • Drill hole TND 106 intersected:
    • 6.2 metres at 8.1 grams of gold per tonne
    • Within broad zone: 42.95 metres at 1.6 grams of gold per tonne
  • Continues to confirm consistency of higher-grade gold zones
  • Important implications for continuity of gold mineralisation
VANCOUVER, Nov. 29, 2012 /CNW/ - Reliance Resources Ltd. (the "Company") (TSX:RI) is pleased to announce recently received gold assays, which have confirmed the discovery of significant high grade gold mineralisation in the Central Sondana vein; Tanoyan Gold Project; Indonesia.
Diamond drill hole number TND 106 intersected a broad zone of gold-bearing quartz veins which contains within it, a substantial high grade zone:
  • TND 106: 42.95 metres at 1.6 g/t Au from 100 metres
    including 6.2 metres at 8.1 g/t Au from 135.5 metres
Full details of the results are located in Table 1.
This intersection is one of the strongest so far obtained on the Tanoyan property and also has important implications for the geological understanding of the Sondana gold vein system. As can be seen in the longitudinal projection of the Sondana vein in Figure 1, drillhole TND 106 extends the high-grade zone originally discovered in hole TND 063 (7.2m at 7.3 g/t Au).
Importantly, the TND106 result infers continuity between the strong gold mineralisation in North Sondana and Central Sondana at intermediate depths. This inference will be tested by further drilling as part of the Company's current, 10,000 metre, Phase 2 drill program. The program is designed to build on the independent NI 43-101 Inferred Mineral Resource (4.58 Mt at 1.41 g/t Au) of 208,000 ounces of gold (March, 2012). 

The TND 106 intersection highlights a substantial thickening of the mineralised zone between a shallow intersection in TND104 and a deep intersection in historical drillhole TND034 (see Figure 2). This continues a geological pattern encountered in North Sondana, where the thickest and highest grade gold intersections tend to occur at intermediate depth, starting approximately 50m below ground surface.
Reliance Resources CEO Mr. Gary Lewis said: "It is very encouraging to be able to update shareholders with this important result. Besides being one of the best holes ever from Tanoyan, it has led to important new understanding of the Sondana vein, and points to future exploration success and increase in mineral resources. The consistency of high-grade gold mineralisation is further demonstrated by this result which will be important when it comes the time to commercialise the Tanonyan gold deposits. The geological lessons being learned in Central and North Sondana put us in a good position as we explore further north along the Sondana vein structure. 

"Based on continued good results, Reliance has engaged consultants to complete a set of studies which will be submitted to the Indonesian Government and will lead to the conversion of the Tanoyan property from exploration to exploitation (production) stage."
The Tanoyan Gold Project consists of an extensive system of auriferous quartz veins, comprising four principal vein systems, Sondana, Ramai, Modupola/Talong and Lingkobungon. These veins are predominantly orientated northeast and dip steeply or moderately to the northwest or southeast.  The veins are hosted by andesitic volcanic rocks and have been mapped over a combined strike length of approximately 6 kilometres. 

The Phase 2 drilling program is aiming for a significant upgrade to the existing NI 43-101 resource by targeting extensions to drilled sections of the veins, which have been identified along strike and at depth on all vein systems. Previous drilling has primarily been tightly focused on the Sondana and Modupola veins and the current Phase 2 program will extend drilling into all target areas.
The resource model at the Sondana and Modupola veins is open at depth for most of its length, especially in the north of the Sondana vein, where significant drill intersections from Phase 1 drilling are located. The Phase 2 drilling program is designed to test at depth for extensions of mineralisation which have been mapped on surface and in locations where earlier drilling has shown the mineralisation is open at depth. Infill drilling should confirm the strike continuity of vein systems and thereby improve the classification of the mineral resources. 

Reliance has a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera in East Indonesia. The Company owns a 75% direct equity interest in both the Tanoyan and Anggrek properties and a 90% direct equity interest the Polopo property in Sulawesi. In the two Halmahera properties, Roko and Kapa Kapa, Reliance has an 82.5% beneficial joint-venture interest through a 100% Reliance-owned Indonesian subsidiary. The projects offer both exploration potential and an existing resource base. All five projects are adjacent to or along strike from operating gold mines or identified gold resources with similar geology and structural feature. Importantly, all projects have been converted to IUP tenements as required under the new Indonesian Mining Act (2009).
The Company is active on three of its five Indonesian gold projects; currently drilling on the Tanoyan Gold Project and conducting surface exploration programs on the Kapa Kapa Gold-Silver Project and the Roko Gold Project. All of the Reliance proprties have easy access via paved and/or gravel roads and regional infrastructure is good. 

This press release has been reviewed and approved by Mr. John Levings, B.Sc., FAusIMM, director of Reliance Resources Limited and a Qualified Person as defined by National Instrument 43-101, under whose direction the exploration programs are being carried out. 

The statements herein that are not historical facts are forward-looking statements.  These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the Company's periodic filings with Canadian securities regulators.  Actual results could differ from those currently projected.  The Company does not assume the obligation to update any forward-looking statement. 
 
Table 1: Tanoyan Project Drilling Results 

DH No. Vein From To Interval Au
(m) (m) (m) (g/t)
TND106 Sondana 29.00 29.80 0.8 1.4
  and 68.65 69.30 0.65 1.5
  and 100.05 143.00 42.95 1.6
  incl 135.5 141.70 6.2 8.1

PDF available at: http://stream1.newswire.ca/media/2012/11/29/20121129_C4639_DOC_EN_21342.pdf
PDF available at: http://stream1.newswire.ca/media/2012/11/29/20121129_C4639_DOC_EN_21343.pdf

SOURCE: Reliance Resources Ltd.
Media Information, contact:
Gary Lewis, CEO
gary.lewis@relianceresources.com.au

Investor Information, contact:
Adam Holdsworth
aholdsworth@dgicomm.com

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Drilling Update: 24.9 Metres At 2.8 G/T Au Intersected at Tanoyan Gold Project, Sulawesi, Indonesia

  • Significant intersection in drill hole TND105: North Sondana Vein
    • 24.9 metres at 2.8 g/t Au from 95 metres
    • Including 3.4 metres at 7.0 g/t Au from 104.3 metres
    • Continues to confirm consistency of higher-grade zone
  • Additional Phase 2 drilling of 9 holes and 1,271 metres completed
  • Phase 2, 10,000 metre drilling program designed to increase the 208,000 ounce gold 43-101 mineral resource estimate continues with 2 diamond drills
  • Feasibility, Social and Environmental Impact Studies commenced
 13 November, 2012- Reliance Resources Ltd. (the "Company" or "Reliance" ) (TSX:RI) is pleased to announce the completion of an additional 9 holes totalling 1,271m of diamond drilling on its 75%-owned Tanoyan Gold Project in Indonesia. To date, 19 holes totalling 2,802 metres have been completed in a planned 10,000 metre, Phase 2 program, which commenced after the publication of the NI 43-101 report and mineral resource estimate in March 2012 (Inferred mineral resource of 208,000 ounces of Au at 1.41 g/t Au). Drilling continues utilising 2 owner-operated drill rigs. Highlights of the recent results include a wide intersection from TND105 which continues to confirm the consistency of a higher-grade and thicker gold mineralization zone, at intermediate levels of the North Sondana Block, especially between RLs 300m and 380m depth (see Figure 2).



  • TND105: 24.9 metres at 2.8 g/t Au from 95m
  • Including 3.4 metres at 7.0 g/t Au from 104.3m
  • Table 1 lists the gold intersections from the Phase 2 drilling since the previous release on 3rd September 2012. The locations of the holes in relation to the mapped veins and previous drill collars is shown in Figure 1.

    This drilling gives important information regarding the geological controls on the mineralization within the vein system. In common with most epithermal gold vein systems, the ore-grade mineralization is localised within a number of shoots and a considerable amount of drilling is required to properly define them.

    At North Sondana, drilling has continued to identify a remarkably consistent zone of higher-grade mineralization between RLs 300 and 380 and there is a suggestion that this zone may plunge to the south-west, as indicated by hole TND097: 12.6M @ 2.7 g/t Au.

    Holes testing the vein at even deeper levels, have defined the lower limits of potentially economic mineralization in the North Sondana shoot (e.g. TND101: 10.7m @ 0.4 g/t Au and TND103: 12.2m @ 0.6 g/t Au). It must also be noted however, that technical drilling issues in both these holes, resulted in the termination of TND103 whilst still in vein, and TND101 was also not completed to it's planned depth.

    Detailed structural and lithological information is now being used to build a sophisticated 3D model using specialist "Leapfrog" software, which will greatly assist future drill planning and resource modelling. A perspective view from the preliminary Leapfrog model of Sondana North is shown in Figure 3.

    The long section in Figure 1 shows a number of planned Phase 2 drill holes, which include drilling in the almost untested further-north extensions of the Sondana vein. Success in this drilling should add substantially to mineral resources. In addition, the Company will drill further holes in the Sondana vein to better define the mineral resource, prior to exploitation.

    Reliance has engaged consultants to manage the preparation of a Feasibility Study and Environmental Impact Assessment Study, which are both necessary to transition the property status from exploration, to exploitation status.

    Reliance Resources CEO Mr. Gary Lewis said: "Reliance management is pleased with the steady progress of the drilling at Tanoyan, which is necessary to update our resource position and provide the basis for the recently commenced studies that will ascertain the feasibility of mining and treatment of the Tanoyan vein system, as well as transition the status of the property from exploration to exploitation stage. We continue to explore and define mineral resources utilising two owner-operated diamond drill rigs, which allow us to carry out very cost-effective drilling.

    "Work is progressing well on our other Indonesian projects, including the Kapa Kapa high-grade copper-silver prospect. We look forward to updating shareholders as results become available."

    The Tanoyan Gold Project consists of an extensive system of auriferous quartz veins, comprising four principal vein systems, Sondana, Ramai, Modupola/Talong and Lingkobungon. These veins are predominantly orientated north-east and dip steeply or moderately to the north-west or south-east. The veins are hosted by andesitic volcanic rocks and have been mapped over a combined strike length of approximately 6 kilometres.

    The Phase 2 program is aiming for a significant upgrade to the existing NI 43-101 resource by targeting extensions to drilled sections of the veins, which have been identified along strike and at depth on all vein systems. Previous drilling has primarily been tightly focused on the Sondana and Modupola veins and the current Phase 2 program will extend drilling into all target areas.

    The resource model of the Sondana and Modupola veins is open at depth for most of its length, especially in the north of the Sondana vein, where significant drill intersections from Phase 1 drilling are located. The Phase 2 drilling program is designed to test at depth for extensions of mineralization which have been mapped on the surface and in locations where earlier drilling has shown the zone is open at depth. Infill drilling should confirm the strike continuity of vein systems and thereby improve the classification of the mineral resources.

    The Company has a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera, in East Indonesia. The projects offer both exploration potential and an existing resource base. All five projects are adjacent to, or along strike from, operating gold mines or identified gold resources with similar geology and structural features. Importantly, all projects have been converted to IUP tenements as required under the new Indonesian Mining Act (2009).

    The Company is active on three of its five Indonesian gold projects; currently drilling on the Tanoyan Gold Project and conducting surface exploration programs on the Kapa Kapa Gold-Silver Project and the Roko Gold Project. All of the properties have easy access via paved and/or gravel roads and regional infrastructure is good.

    This press release has been reviewed and approved by Mr. John Levings, B.Sc., FAusIMM, director of Reliance Resources Limited and a Qualified Person as defined by National Instrument 43-101, under whose direction the exploration programs are being carried out.

    Media Information, contact:
    Gary Lewis, CEO
    gary.lewis@relianceresources.com.au
    +61 8259 4799

    Investor Information, contact:
    Adam Holdsworth, DGI
    aholdsworth@dgicomm.com
    212 825 3210



    The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.


    Table 1: Recent Tanoyan Project Drilling Results

    DH No. Zone 51 N UTM Depth
    (m)
    SONDANA
    BLOCK
    From To Interval Au
    East North (m) (m) (m) (g/t)
    TND098 639368 67105 156.5 CENTRAL 57.40 59.10 1.70 0.3
    TND099 639639 67463.3 95 NORTH 48.50 53.80 5.30 0.7
    TND100 639338 67133 141.6 CENTRAL 93.60 100.65 7.05 0.3
    TND101 639584 67517 245 NORTH 232.60 243.30 10.70 0.4
    Incl. 232.60 233.95 1.35 1.2
    TND102 639370 67166 177 CENTRAL 71.35 73.75 2.40 0.5
    118.20 123.30 5.10 0.3
    TND103 639665 67583 170 NORTH 158.20 170.40 12.20 0.6
    Incl. 166.30 170.40 4.10 1.0
    TND104 639423 67158 115 CENTRAL 24.00 26.00 2.00 1.4
    TND105 639654 67527 80 NORTH 71.50 76.00 4.50 0.5
    95.00 119.90 24.90 2.8
    Incl. 104.30 107.70 3.40 7.0
    1270.85

    View News Release in PDF Format:


    File: http://www.relianceresources.com/i/pdf/PR-13-Nov-2012.pdf


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    Reliance Resources announces high-grade copper (5.2%) and silver (729 g/t) rock grab samples at Akelamo Prospect on Halmahera

    • 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
    VANCOUVER, Oct. 30, 2012 /CNW/ - Reliance Resources Limited (the "Company") (TSX: RI) is pleased to provide 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 (Figure 1), and the Company is the second-largest holder of exploration licences on the island next to Newcrest Mining Limited (ASX: NCM). 

    Laboratory assay results have been received for 7 samples collected during the Akelamo reconnaissance exploration program (Table 1).


    Sample No.
    Ag
    ppm
    Au
    ppm
    Cu
    ppm
    Pb
    ppm
    Zn
    ppm
    RC01041 75 0.01 227 228 195
    RC01177 288 0.05 163 172 80
    RC01184 655 1.09 1070 1880 1580
    RF01185 83 0.02 5.2% 15 305
    RC01192 13 0.01 95 36 36
    RC01256 729 0.04 785 2300 2300
    RC01258 631 0.11 836 1510 1510 
    Table 1: Recent Akelamo Prospect Rock Grab Sample Results
    (See figure 3 for location)
     
    Reconnaissance exploration in the southern extension of the Akelamo Zone has encountered rock float of silicified and brecciated volcanics with tarnished sulphides (Figure 2). 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 (Figure 3). 

    In another area, three grab samples were collected from mineralised outcrops in the headwaters of Sanggut and Sobit creeks. Assays from these samples confirm strong silver - 729 g/t Ag, 288 g/t Ag and 75 g/t Ag. They represent the northernmost outcrop samples at Akelamo and show the zone is still open to the north.
    Outcrop grab sample RC01258 of a vuggy quartz vein was collected 50m south-west the main mapped zone of alteration/veining and returned high silver assays 631 g/t Ag (Figure 3). Sample RC01184 was taken from an outcrop of colloform banded quartz veins near the intersection of Gunyira and Akelamo creeks, within the Main Akelamo Zone and continues to verify the high-grade silver nature of veins within this zone and its association with base metals - 655 g/t Ag, 1.09 g/t Au and 0.1% Cu

    Recent mapping has also discovered a new zone of epithermal quartz veining and hydrothermal alteration along Kasbi Creek, 500m to the south of the main Akelamo Zone. Mapping and sampling is still reconnaissance in nature and the dimensions of the prospect are still open. Several samples were collected and tested with a hand held Niton XRF instrument including one prepared sample returning a significant analysis of 123 ppm Ag and 0.1% Pb. This and other samples from the new Kasbi Creek prospect are being prepared for confirmation by laboratory analysis. 

    A grid-controlled soil sampling program, utilising the Niton, is currently underway across the Akelamo prospect. 

    Reliance Resources CEO Gary Lewis says, "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.
    The soil geochemical sample grid at Akelamo should provide further important target definition of the mineralisation prior to drilling. Regional and prospect scale exploration will continue." 

    Drilling is continuing in the Company's Tanoyan Gold project in Sulawesi, Indonesia, which currently has a NI 43-101 inferred mineral resource of 208,000 ounces of gold (4.58mt at 1.41 g/t Au) at 0.5 g/t Au cut-off grade which was announced on March 19, 2012. 

    Mr. Lewis says, "We look forward to informing shareholders as results from Sulawesi and Halmahera become available and are interpreted by our technical team."
    "Tanoyan is the project with the best opportunity of near-term production and remains Reliance's primary focus at present. However, we see the potential of Halmahera as equally important for the long-term future as the island is clearly prospective for high grade gold and silver and hosts one of the world's highest grade epithermal gold mines - Newcrest's Gosowong mine (approximately 5 Moz at 24 g/t Au)." 


    About Reliance Resources Limited
     
    Reliance Resources has a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera in East Indonesia. The projects offer both exploration potential and an existing resource base. All five projects are adjacent to or along strike from operating gold mines or identified gold resources with similar geology and structural feature. 

    The Company is active on four of its five Indonesian gold projects; currently drilling on the Tanoyan Gold Project and conducting surface exploration programs on the Palopo Gold Project, the Kapa Kapa Gold Project and the Roko Gold Project. All of the projects have easy access via paved and/or gravel roads and regional infrastructure is good. 

    The company's most advanced project is the Tanoyan Reliance's Tanoyan Gold project in Sulawesi, Indonesia, which currently has a NI 43-101 inferred mineral Resource of 208,000 ounces of gold (4.58mt at 1.41 g/t Au) as at March 2012. 

    Rock samples are collected and initially logged at Akelamo Base Camp at the project area. Samples are then securely transported to Reliance's Exploration Office in Tobelo, North Halmahera. Archival samples are retained, as a reference, in the secure Tobelo office facility. All QC samples are introduced before the bagged samples are sent by courier to PT Intertek Laboratory's sample preparation facility in Manado. Prepared samples are then couriered by PT Intertek to their analytical facility in Jakarta for analyses.
    Gold is fire assayed using a 50.0 gram aliquot sample with an AA finish. Multi-element analysis is by Four Acid Digestion using an Induced Coupled Plasma (ICP) finish. 

    The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.
    This press release has been reviewed and approved by Mr. John Levings, B.Sc., FAusIMM, director of Reliance Resources Limited and a Qualified Person as defined by National Instrument 43-101, under whose direction the exploration programs are being carried out.
    Figure 1: Northern Halmahera showing location of Reliance Resource's tenements
    (http://files.newswire.ca/1117/KapaKapa-figure1.pdf)
    Figure 2: Rock float sample RF01185 from Gunyira Creek showing tarnished copper sulphides in a breccia matrix - 5.2% Cu and 85 g/t Ag. (field of view approximately 6cm)
    (http://files.newswire.ca/1117/KapaKapa-figure2.pdf)
    Figure 3: Plan view of Akelamo Prospect showing mapped 600m zone of hydrothermal alteration, epithermal quartz veining and sulphide mineralisation and recently identified extensions
    (http://files.newswire.ca/1117/KapaKapa-figure3.pdf)
    PDF available at: http://stream1.newswire.ca/media/2012/10/30/20121030_C2772_DOC_EN_19795.pdf
    PDF available at: http://stream1.newswire.ca/media/2012/10/30/20121030_C2772_DOC_EN_19796.pdf
    PDF available at: http://stream1.newswire.ca/media/2012/10/30/20121030_C2772_DOC_EN_19797.pdf
    SOURCE: Reliance Resources Ltd.

    Gary Lewis, Chairman & CEO, Reliance Resources Limited: +61 2 8259 4799
    Adam Holdsworth, DGI: +1 212-825-3210



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    Reliance Resources offers drilling update on Tanoyan Gold Project in Sulawesi, Indonesia

    • Phase 2 drilling totals 10 holes and 1,530.8 metres
    • Deepest intersection at Tanoyan affirms the trend for increased gold grade with depth of 12.6 metres at 2.7 g/t Au from 179.1m (TND097)
    • Part of Phase 2, 10,000-metre drilling program to increase 43-101 mineral resource estimate
    VANCOUVER, Sept. 13, 2012 /CNW/ - Reliance Resources Ltd. (the "Company") (TSX:RI) is pleased to announce the completion of 10 holes and 1,530.8m of diamond drilling on its 75 percent-owned Tanoyan Gold Project in Indonesia. This drilling is part of an ongoing, 10,000-metre Phase 2 program designed to further assess the resource potential of the large 6Km epithermal vein system at Tanoyan. The most recent resource estimate was the independent NI 43-101 Inferred Mineral Resource of 208,000 ounces of gold released on the 19th of March, 2012.
    Table 1 lists the gold intersections from the Phase 2 drilling which includes three holes that were previously released (17th May and 31st May, 2012), and the locations of the holes in relation to the mapped veins and previous drill collars is shown in Fig 1.
    Highlights of the recent results include those from TND097 which achieved the deepest gold intersection so far obtained on the Tanoyan property:
    • TND 097: 12.6 metres at 2.7 g/t Au from 179.1m
    This intersection is important as it confirms that the gold mineralising system continues strongly to depth in the northern part of the Sondana Vein.
    The drilling results confirm the indications from previous work, that the upper sections of the North Sondana vein is relatively low in gold (e.g. TND 096 intersected only low gold values in the vein). The vertical cross-section in fig. 2 shows recent drill results and is an example of the deeper enrichment, near-surface-depletion zonation of the gold mineralisation often encountered in Sondana North.
    The recent drilling also emphasised the importance of post-mineral cross-cutting faults that contributed to some of the misses in recent holes. For example, TND093 did not intersect the Sondana Vein in the predicted position. At this position the vein is now interpreted to have been faulted off approximately 40 metres north. 

    The Sondana Vein has been traced along strike for at least a further 1.1 km from the northernmost hole drilled by Reliance Resources (TND081).  This northern extension has only been tested by two shallow historic drillholes (see fig 3). In keeping with the pattern encountered at Sondana North, below-average gold values were encountered in shallow intersections of the vein (e.g. TND 039: 7.3m @ 1.0 g/t Au). However, the mineralisation model being developed for Tanoyan suggests future Phase 2 drilling will encounter stronger mineralisation at intermediate and deep levels. 

    Reliance Resources CEO Mr. Gary Lewis said: "Tanoyan is our most advanced project and the continued progress on the Phase 2 drilling is important in our quest to turn the project into a producing asset. These recent results have advanced our understanding of the geology of the Tanoyan gold system as well as provided us with the deepest gold intersection on the property to date. Drilling will continue at Tanoyan and we look forward to updating investors as results come to hand and are interpreted by our geologists."
    The Tanoyan Gold Project consists of an extensive system of auriferous quartz veins comprising four principal vein systems: Sondana, Ramai, Modupola/Talong and Lingkobungon. These veins are predominantly orientated northeast and dip steeply or moderately to the northwest or southeast.  The veins are hosted by andesitic volcanic rocks and have been mapped over a combined strike length of approximately six kilometres. 

    The Phase 2 program aiming for a significant upgrade to the existing NI 43-101 resource by targeting extensions to drilled sections of the veins, which have been identified along strike and at depth on all vein systems. Previous drilling has primarily been tightly focused on the Sondana and Modupola veins and the current Phase 2 program will extend drilling into all target areas.
    The resource model at the Sondana and Modupola veins is open at depth for most of its length, especially in the north of the Sondana vein, where significant drill intersections from Phase 1 drilling are located. The Phase 2 drilling program is designed to test at depth for extensions mineralisation that have been mapped on surface and in locations where earlier drilling has shown the mineralisation is open at depth. Infill drilling should confirm the strike continuity of vein systems and thereby improve the classification of the mineral resources. 

    The Company has a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera in East Indonesia. The projects offer both exploration potential and an existing resource base. All five projects are adjacent to or along strike from operating gold mines or identified gold resources with similar geology and structural feature. Importantly, all projects have been converted to IUP tenements as required under the new Indonesian Mining Act (2009).
    The Company is active on three of its five Indonesian gold projects; currently drilling on the Tanoyan Gold Project and conducting surface exploration programs on the Kapa Kapa Gold Project and the Roko Gold Projects. All of the projects have easy access via paved and/or gravel roads and regional infrastructure is good. 

    This press release has been reviewed and approved by Mr. John Levings, B.Sc., FAusIMM, director of Reliance Resources Limited and a Qualified Person as defined by National Instrument 43-101, under whose direction the exploration programs are being carried out.
     
    The statements herein that are not historical facts are forward-looking statements.  These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the Company's periodic filings with Canadian securities regulators.  Actual results could differ from those currently projected.  The Company does not assume the obligation to update any forward-looking statement. 
     
    Table 1: Tanoyan Project Drilling Results for 2012 (*including previously released results)
    DH No. Zone 51 N UTM Depth

    (m)
    Vein From To Interval(1) Au
    East North (m) (m) (m) (g/t)
    TND088* 638857 66379 156.5 Sondana Sth 114.75 115.4 0.65 0.9
              125.4 126.05 0.65 2.3
    TND089* 639020 66703 132 Sondana Sth 101.4 106.7 5.3 4.4
    TND090* 639168 66915 222.5 Sondana Cent 50.5 65.0 14.50 2.8
            incl 51.5 55.2 3.70 5.8
            and 59.5 62.5 3.00 4.1
    TND091 639209 66957 120   56.8 60.2 3.4 0.5
    TND092 639204 67016 130.6 Sondana Cent 129.35 130.60 1.25 0.3
    Hole abandoned due to ground collapse as DH intersected Sondana Vein - to be redrilled
    TND093 639121 66898 149.6 Sondana Cent No significant assays
      Sondana Vein not intersected due to offset by late-stage fault
    TND094 639056 66812 132.3 Sondana Sth No significant assays
    TND095 638927 66643 189.5 Sondana Sth Awaiting assay results
    TND096 639598 67393 77 Sondana Nth 24.0 28.9 4.9 0.1
    TND097 639543 67438 220.8 Sondana Nth 179.1 191.7 12.6 2.7
          1530.8          
    (1) Not true width but drilled width.
     
     
    PDF available at: http://stream1.newswire.ca/media/2012/09/13/20120913_C6241_DOC_EN_17812.pdf
    PDF available at: http://stream1.newswire.ca/media/2012/09/13/20120913_C6241_DOC_EN_17813.pdf
    PDF available at: http://stream1.newswire.ca/media/2012/09/13/20120913_C6241_DOC_EN_17814.pdf
    SOURCE: Reliance Resources Ltd.

    Media Enquiries, contact:
    Gary Lewis, CEO
    gary.lewis@relianceresources.com.au

    Investor Enquiries, contact:
    Adam Holdsworth, DGI
    aholdsworth@dgicomm.com


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    Reliance Resources Engages DGI for Investor Relations

    Initiates Campaign of Investor Outreach to Strengthen Company Awareness



     
    VANCOUVER, Aug. 20, 2012 /CNW/ - Reliance Resources Limited (TSX: RI) ("Reliance Resources" or "the Company"), a progressive international exploration and resource development company with a primary focus in Indonesia, announces it has engaged Dian Griesel Inc. (DGI), a prominent, full-service corporate communications firm, to serve as its investor relations agency. 

    DGI will implement a campaign targeting portfolio managers, analysts and the retail community with the goal of increasing investor awareness of Reliance Resources and its gold exploration activities. Reliance Resources oversees a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera in East Indonesia. Currently, the Company is focusing on three of its five Indonesian gold projects; preparations for Phase 2 drilling on the Tanoyan Gold Project are underway, and surface exploration programs are ongoing at the Kapa Kapa Gold Project and the Roko Gold Project.

    "We have identified a significant opportunity in Indonesia and are continuing to develop our properties there," said Gary Lewis, Chairman and CEO of Reliance Resources. "Our five tenements are in good standing, and an aggressive 10,000-meter exploration program at Tanoyan remains firmly on track for a resource upgrade later this year. Our overriding strategy for the coming year is to invest in projects with the prospect of near-term cash flows. DGI has the experience to complement our efforts by helping us ensure that the investment community is aware of our activities. We look forward to working closely with DGI."

    DGI, founded in 1996 as The Investor Relations Group, is a full-service corporate communications firm. The company provides an array of services that include targeted introductions to the investment community as well as the media-at-large through the best of traditional and new media outlets.

    About Reliance Resources Limited

    Reliance Resources Limited is a progressive international exploration and resource development company with its primary focus in Indonesia. The company has a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera in East Indonesia. Reliance Resources' Indonesian properties offer an important entry into exciting gold provinces in a country widely regarded as one of the most prospective exploration terrains in the world. The projects offer both exploration potential and an existing resource base. All five projects are adjacent to or along strike from operating gold mines or identified gold resources with similar geology and structural feature. Importantly, all projects have been converted to IUP tenements as required under the new Indonesian Mining Act (2009). For more information, please visit www.relianceresources.com.au
     
    SOURCE: Reliance Resources Ltd.
    For further information:
    Reliance Resources Ltd.
    Nicholas Clark
    nc@relianceresources.com.au
     
    or

    DGI
    Investor Relations:
    Adam Holdsworth, 212-825-3210
    aholdsworth@dgicomm.com


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    Reliance Resources Announces Board and Management Changes


    VANCOUVER, July 30, 2012 /CNW/ - Reliance Resources Limited (TSX: RI) (the "Company") announces the resignation of Scott Emerson and Nick Demare as directors of the Company, and the resignation of Scott Emerson as President of the Company.  The Board of Directors is currently comprised of the following individuals:  Gary Lewis, John Levings, Ian Mitchell and Andrew Wilson.
    The Company would like to thank Messrs. Emerson and Demare for their efforts and contributions to the Company's affairs over the years, and the Company wishes them success in their future endeavours.
    On behalf of the Board of Directors of Reliance Resources Ltd.
    SOURCE: Reliance Resources Ltd.
    Media Information, contact:
    Gary Lewis, Chairman and CEO
    Tel.: +61 28594779
    Email: gl@relianceresources.com.au


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    Reliance Resources receives financing from Robust Resources

    • Robust to invest $694,000 as part of recently announced $1.2 million placement
    • Association with Robust brings in-country skills
    • Funds used to advance resource and exploration drilling at Tanoyan Gold Project
    VANCOUVER, July 10, 2012 /CNW/ - Indonesian focused exploration company Reliance Resources Ltd (the "Company") (TSX:RI) is pleased to announce that it has completed the first tranche of the $1.2 million dollar financing at $0.15 per share as reported to shareholders on June 22, 2012

    Robust Resources Limited, a company listed on the Australian Securities Exchange (ASX:ROL), has invested a total of $694,144.00 for 4,627,627 new ordinary Reliance shares. These shares will be subject to a four month hold period from the date of closing. The placement is subject TSX Exchange approval. 

    Headquartered in Australia, Robust Resources is an Indonesian-focused exploration and development company with a portfolio of projects in Indonesia and the Philippines. The company's flagship Lakuwahi project located on Romang Island has a JORC mineral resource of 1.18 million ounces of gold equivalent plus base metals credits. Further information is available at www.robustresources.com.au
     
    Robust Resources and Reliance Resources have a number of common directors and they share resources in Indonesia in order to manage their respective cost bases.
    Robust Resources Managing Director, Mr. Gary Lewis said Robust is particularly encouraged by the prospects for Reliance's Tanoyan Gold project in Sulawesi, Indonesia, which currently has a NI 43-101 inferred mineral Resource of 208,000 ounces of gold (4.58mt at 1.41 g/t Au) as at March 2012

    "Robust is continuing to strengthen its portfolio in Indonesia and we are constantly assessing new investment opportunities. We are particularly encouraged by the prospects for the Tanoyan Gold Project, and with its growing resource base, and with the exploration program yielding highly encouraging results, the Board took the decision that an investment in Reliance offers significant upside. 

    "Reliance will continue to be able to benefit from Robust's strong technical capabilities and in-country team"
    Reliance's President Mr. Scott Emerson added, "It made sense to have Robust as an investor in Reliance and the synergies of both companies works well".
    This funding gives Reliance the capacity to significantly advance the phase two, 10,000 metre resource and exploration drilling program which is currently underway at Tanoyan.
    "We have every confidence that we will increase our mineral resource at Tanoyan and we look forward to updating shareholders on more drilling results from the project shortly." 

    Reliance Resources Ltd. has a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera in East Indonesia. The projects offer both exploration potential and an existing resource base. All five projects are adjacent to or along strike from operating gold mines or identified gold resources with similar geology and structural features. 

    For further information:
    Media Information, contact:
    Scott Emerson, President
    se@relianceresources.com
    Investor Information, contact:
    Mike Kordysz
    mk@relianceresources.com


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    Tanoyan Gold Project, Sualawesi, Indonesia : Drilling continues to intersects gold mineralisation

    • Results received from first 2 holes
    • Include 5.3 metres at 4.4 g/t Au from 101.4m
    • Extends Sondana vein gold mineralisation at depth with increasing grade and thickness
    • 10,000 metres diamond drilling program underway
    VANCOUVER, May 17, 2012 /CNW/ - Reliance Resources Ltd. (the "Company") (TSX:RI) is pleased to announce drilling results from 2 holes into the Sondana Vein system on the Tanoyan Gold Project, Sulawesi, Indonesia (see Table 1). The company recently commenced drilling of its planned 10,000 Phase 2 program following the release of an updated independent NI 43-101 report for Tanoyan (March 19, 2012), which more than doubled the Inferred Mineral Resource to 208,000 ounces of gold.
    The Tanoyan Gold Project consists an extensive system of auriferous quartz veins, comprising four principal vein systems, Sondana, Ramai, Modupola/Talong and Lingkobungon. These veins are predominantly orientated northeast and dip steeply or moderately to the northwest or southeast. The veins are hosted by andesitic volcanic rocks and have been mapped over a combined strike length of approximately 6 kilometres.
    The Phase 2 program is aiming for a significant upgrade to the existing NI 43-101 resource by targeting extensions to drilled sections of the veins, which have been identified, as well as along strike and at depth on all vein systems. Drilling to date has primarily been tightly focused on the Sondana and Modupola veins.
    Assay results have been received from the first two drill holes in the new program and include a high-grade intersection:
    • TND 089: 5.3 metres at 4.4 g/t Au from 101.4m
    The assay result for hole TND 089 continues a theme from earlier drilling which shows a general increase in grade and thickness with depth which represents a significant increase in grade and width from the overlying drillhole along this section (TND083)

    (Figure 1). http://www.relianceresources.com/i/maps/Sondana-Vein-Drill-Section-TND089.jpg
     
    TND 088 was drilled in the southern portion of the Tanoyan system and intersected 2 zones of quartz vein containing gold mineralisation over narrow widths. Details of the intersections are to be found in Table 1. This section of the Sondana vein has only been sparsely drilled and further structural analysis and follow up drilling will be required to locate thicker and higher grade zones.
    The resource model at the Sondana and Modupola veins is open at depth for most of its length and along strike to the north of the Sondana vein, where significant drill intersections from Phase 1 drilling are located. The Phase 2 program is designed to extend mineralisation along strike and laterally with further drilling. Infill drilling should confirm the strike continuity of vein systems and thereby improve the classification of the mineral resources. 

    Reliance president Scott Emerson stated "We are pleased to be drilling again at Tanoyan. The first assay results are in and they include an excellent result from TND 089. It is encouraging to see the gold grades continuing to show an increase in grade with depth of drilling. These results are in line with Reliance's goal to prove up relatively shallow resource ounces, within 150 metres of surface, which could conceptually support a low-cost open cut mine."
    The Company has a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera in East Indonesia. The projects offer both exploration potential and an existing resource base. All five projects are adjacent to or along strike from operating gold mines or identified gold resources with similar geology and structural feature. Importantly, all projects have been converted to IUP tenements as required under the new Indonesian Mining Act (2009).
    The Company is active on four of its five Indonesian gold projects; currently drilling on the Tanoyan Gold Project and conducting surface exploration programs on the Palopo Gold Project, the Kapa Kapa Gold/Silver Project and the Roko Gold Project. All of the projects have easy access via paved and/or gravel roads and regional infrastructure is good. 

    This press release has been reviewed and approved by Mr. John Levings, B.Sc., FAusIMM, director of Reliance Resources Limited and a Qualified Person as defined by National Instrument 43-101, under whose direction the exploration programs are being carried out. 

    The statements herein that are not historical facts are forward-looking statements.  These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the Company's periodic filings with Canadian securities regulators.  Actual results could differ from those currently projected.  The Company does not assume the obligation to update any forward-looking statement.
     
    Table 1: Tanoyan Project Drilling Results
    DH No. Vein From
    (m)
    To
    (m)
    Interval
    (m)
    Au
    (g/t)
    TND088 Sondana 114.75 115.4 0.65 0.9
    TND088 Sondana 125.4 126.05 0.65 2.3
    TND089 Sondana 101.4 106.7 5.3 4.4
    For further information: Media Information, contact:
    Scott Emerson, President
    se@relianceresources.com 
    Investor Information, contact:
    Mike Kordysz,
    mk@relianceresources.com

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    Reliance Resources Ltd. - Roko Gold Project, Halmahera, Indonesia: Major Epithermal System Outlined

    • Recent exploration results enhances prospectively for gold mineralisation
    • Host rocks, hydrothermal alteration and structural setting similar to nearby "Gosowong" bonanza gold deposit
    • 3 km corridor hosting high level epithermal quartz veining and altered intrusive has been discovered
    • Most prospective target zone for bonanza gold mineralisation expected to be at a deeper level
    • Preliminary soil sampling results confirms anomalous pathfinder elements
    • Surface exploration continues in preparation for diamond drilling program
    VANCOUVER, May 15, 2012 /CNW/ - Reliance Resources Ltd. (the "Company")(TSX:RI) is pleased to update exploration activities on its Roko Gold Prospect on Halmahera Island, Indonesia. Halmahera is host to one of the highest-grade underground major gold discoveries in recent years: Newcrest's Gosowong-Kencana gold mine, (past production: 2.0 Moz Au, current resources: 2.4 Moz Au, average head grade 2008-2011: 30 g/t Au)1. Reliance Resources has the second largest landholding for gold exploration on Halmahera after Newcrest Mining.
    Work to date on the Roko Project, including mapping, gridding, channel sampling and trenching, has resulted in the discovery and surface definition of a 3 kilometre long structurally-controlled target corridor which is considered to be associated with a major, deep crustal, north-east trending transfer fault (The Tiabo Lineament). The Tiabo Lineament, which passes through the Roko concession area, is considered an important regional geological feature associated with numerous occurrences of gold and silver (including Reliance's Roko and Kapa Kapa project areas). The major Gosowong-Kencana gold mining camp is interpreted by the company's expert structural geologists to be associated with another deep crustal lineament which parallels the Tiabo Lineament.
    The 3-kilometre Roko target corridor is host to igneous intrusions, multi-phase hydrothermal alteration and high level epithermal quartz vein mineralisation considered highly prospective for hosting gold and silver mineralisation.
    Detailed mapping at Roko West has outlined a north-west trending zone of multiple chalcedonic quartz veins and strongly siliceous eruption breccias with associated hydrothermal alteration along the south western slope of Sesa Hill (Figure 1). Most veins trend north-west with subsidiary north-south vein splays. The breccias occur mainly in an area central to Sesa Hill and are interpreted to represent an eruptive hydrothermal breccia pipe. Eruption breccia pipes are known to be intimately associated with mineralised epithermal vein systems. The Toka Tindung Mine (1.7 Moz Au) in Indonesia is centred on an eruption breccia and epithermal vein systems at McLaughlin (4 Moz Au) in USA, Twin Hills in Australia and Hishikari (9 Moz Au), Japan, grade upwards into outcropping eruption breccia pipes.
    The main zone of veining and alteration so far mapped at Roko West is approximately 1 kilometre in length and 100-200m in width. Banded chalcedonic veins at Roko East outcrop along the banks of the Ira River. The zones are considered to be very prospective as historical channel sampling along the banks of the Ira River retuned 8m @ 1.6 g/t Au which is strongly anomalous for an epithermal vein at such a high level in the system.
    Fig 1 Plan view of Roko West and Roko east prospect with location of mapped quartz veins
    A grid-controlled soil sampling program has been completed at Roko West and is currently being extended a further 1000 metres to the west where float samples of hydrothermally altered porphyry with quartz-sulphide veins have recently been encountered. Rock samples have been submitted to Intertek Laboratories in Jakarta for assay and results are awaited. Soil samples are collected in the field and taken to Reliance's regional office to be dried. As a preliminary indication of metal content, a portable, hand-held Niton XRF analyser2 is used to determine the concentration of epithermal pathfinder elements such as arsenic (As) and antimony (Sb).
    The Niton results show that Sb and As, are anomalous along the strike length of the north-west trending zone of alteration/veining and are highest adjacent to the interpreted eruptive breccia pipe.
    Rock grab sampling of quartz veins at Roko has encountered anomalous gold values of between 0.1 - 2.1 g/t Au. Previous reconnaissance channel sampling at Roko East returned 8m @ 1.6 g/t Au. According to the geological model developed for the Roko veins, bonanza gold values are not to be expected at surface but may occur at deeper levels within the system; in zones of fluid mixing and/or boiling. All current indications at surface are that the Roko mineralisation outcrops at a very high level in the hydrothermal system. For example siliceous sinter has been encountered on the slopes of Sesa Hill, evidence of a surface outpouring of hydrothermal fluids (eg similar to The Geysers geothermal field and sinters at the nearby ex-Homestake McLaughlin Mine (4Moz Au) in California).
    Geological work at Roko has identified a structurally-controlled corridor with many similar characteristics to the nearby Gosowong deposits. Both have north-west to south-east and north-south trending epithermal quartz veins with associated hydrothermal breccias and sulphide mineralised porphyries. The high-grade veins at Gosowong occur at a lower level in the hydrothermal system. The exploration focus at Roko is to delineate epithermal veins within the prospective corridor and then to drill them at the appropriate level to discover high-grade gold and silver mineralisation.
    To maximise the likelihood of a successful drill program further surface exploration is planned such as ground geophysics (resistivity, IP, Magnetics) across the main alteration zones at Roko. These surveys will assist with better defining zones of silicification / epithermal quartz veining, especially in areas of poor surface exposure and will also provide a 3-dimensional view of the mineralising system to best target the drilling, in what is a large epithermal system.
    The Company has a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera in East Indonesia. The projects offer both exploration potential and an existing resource base. All five projects are adjacent to or along strike from operating gold mines or identified gold resources with similar geology and structural feature.
    The Company is active on four of its five Indonesian gold projects; currently drilling on the Tanoyan Gold Project and conducting surface exploration programs on the Palopo Gold Project, the Kapa Kapa Gold Project and the Roko Gold Project. All of the projects have easy access via paved and/or gravel roads and regional infrastructure is good.
    This press release has been reviewed and approved by Mr. John Levings, B.Sc., FAusIMM, director of Reliance Resources Limited and a Qualified Person as defined by National Instrument 43-101, under whose direction the exploration programs are being carried out.
    The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.
    1. http://www.infomine.com/index/pr/PB164711.PDF Technical Report on the Gosowong Property in North Maluku Province, Indonesia dated December 31, 2011
    2. Portable XRF instruments are generally not sensitive enough to accurately detect low concentrations at which gold can occur in soil (<10ppm Au).  Pathfinder elements are useful to define zones of hydrothermal fluid flow which may host gold mineralisation. The soil samples collected in this work will eventually be assayed for gold at a commercial laboratory
    For further information: Media Information, contact:
    Scott Emerson, Chairman and Director
    SE@goldenpeaks.com
    Investor Information, contact:
    Mike Kordysz, Investor Communications
    MK@goldenpeaks.com

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    Phase 2 drilling commenced at Tanoyan Gold Project, North Sulawesi, Indonesia



    Re:        News Release - Friday, March 30, 2012
    Title:     Phase 2 drilling commenced at Tanoyan Gold Project, North Sulawesi, Indonesia



    • 10,000 metres of diamond drilling
    • 6 Km total strike length of shallow epithermal vein system
    • Drilled mineralized zones open on strike and at depth

    March 30, 2012, Reliance Resources Ltd. (the "Company")(TSX:RI) is pleased to report that drilling has commenced at the Tanoyan Gold property on Sulawesi island, Indonesia. The company recently released (March 19, 2012) an updated independent NI 43-101 report for Tanoyan which more than doubled the Inferred Resource Gold Ounces to 208,000 Oz. In the light of this positive result and the clear potential, the company has embarked on a 10,000 metre, diamond drilling program which is designed to further increase the mineral resources.

    The Tanoyan Gold Project consists of four principal vein systems, Sondana, Ramai, Modupola/Talong and Lingkobungon, which are predominantly orientated northeast to southwest and dip steeply to the northwest or southeast forming an extensive system of auriferous quartz veins. The veins, which are hosted by andesitic volcanics, have been traced over a combined strike length of approximately 6 kilometres. Drilling to date has primarily focused on the Sondana and Modupola veins. The resource model at Tanoyan is open at depth, length and along strike.

    In addition, the Phase 2 drill program will test the Ramai, Lingkobungon and Talong Vein systems

    President Scott Emerson commented: "Reliance is executing its Phase 2 drilling plan at Tanoyan. I feel confident that this work will continue the success from Phase 1 and will result in further discoveries and significantly increase our mineral resources. In addition, Reliance continues to carry out pre-drilling exploration work on our other projects including the exciting high-level epithermal gold and silver prospects on the island of Halmahera."

    The Company has a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera in East Indonesia. The projects offer both exploration potential and an existing resource base. All five projects are adjacent to or along strike from operating gold mines or identified gold resources with similar geology and structural feature. Importantly, all projects have been converted to IUP tenements as required under the new Indonesian Mining Law 4/2009.

    The Company is focusing on four of its five Indonesian gold projects; currently drilling on the Tanoyan Gold Project and conducting surface exploration programs on the Palopo Gold Project, the Kapa Kapa Gold Project and the Roko Gold Project. All of the projects have easy access via paved and/or gravel roads and regional infrastructure is good.


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    Additional High-Grade Silver Assays from Kapa Kapa Gold-Silver Project, Halmahera, Indonesia

    News Release - Wednesday, March 14, 2012
    Title:     Additional High-Grade Silver Assays from Kapa Kapa Gold-Silver Project, Halmahera, Indonesia


    • Rock grab samples assay up to 2,920 g/t Ag (85.1 ounces silver per ton)
    • Continued confirmation of bonanza-grade silver
    • Mineralized zone traced over 1 Km strike; remains open

    March 14, 2012 - Reliance Resources Limited (the Company) (TSX:RI) is pleased to update exploration activities from the ongoing field program at the Kapa Kapa gold and silver project, located on, Halmahera Island, Indonesia.

    Current exploration is focussing on hydrothermally altered rocks and precious metal mineralisation within a target zone; so far exceeding 1 Km strike length and up to 200 metres width.

    Mapping and rock chip sampling is continuing to define and extend the north-north-west trending zone. The company regards the Akelamo prospect to be underexplored due to the presence of an extensive blanket of geologically recent volcanic ash which largely covers underlying mineralised bedrock. Erosion has removed this ash layer in isolated places allowing inliers of bedrock to be exposed. Epithermal veining seen in Akelamo River occurs within one such inlier of exposed bedrock.

    Grab sampling of outcrops within the Akelamo River valley (Figure 2) has continued to return high silver values associated with epithermal quartz veining and hydrothermal breccias, including;

    • RC00978 - 1,080 g/t Ag
    • RC00989 - 344 g/t Ag
    • RC00996 - 307 g/t Ag
    • RC00988 - 392 g/t Ag
    • RC01102 - 2,920 g/t Ag

    The highest silver value from the company's recent sampling (RC01102 - 2,920 g/t Ag) is from an epithermal quartz vein cutting across a hydrothermal breccia along the banks of a tributary of Akelamo River. This sample also has a significant base metal association - 0.2%Cu, 1.7% Zn and 1.0%Pb.

    This zone was further tested with a 1.2 meter channel sample using a continuous chip sampling method and returned:

    CH01006 - 1.2m @ 1,490 g/t Ag, 1.7%Zn, 800ppm Pb and 570ppm Cu

    Sampling by the company shows the zone of mineralised and altered andesitic volcanics is approximately 200 meters in width along the Akelamo River valley. The zone is open to the north and the south. Preliminary reconnaissance work to the south of Akelamo River has encountered altered volcanic bedrock with quartz veining and secondary copper staining (malachite) 600m south of Akelamo River within the NNW-trending zone of interest (Figure 1).

    A grab sample of material derived from this zone assayed:
    • RF01105 - 0.7% Cu, 0.1 g/t Au, 12 g/t Ag

    Historical channel sampling from the Akalemo prospect (Figure 1) returned bonanza silver along with anomalous gold; including:

    • 4m @ 1,800 g/t Ag (and 0.5 g/t Au)
    • 4m @ 466 g/t Ag
    • 5m @ 0.9 g/t Au

    A historic rock float sample assayed 15,800 g/t Ag (460 ounces of silver per ton) and 3.0 g/t Au. Preliminary sampling by the company previously reported high silver values up to 992 g/t Ag from the initial reconnaissance sampling and mapping program. These values plus the new values demonstrate the potential this prospect has for truly bonanza-grade silver mineralisation. Surface exploration is continuing in preparation for the upcoming drilling program.

    Halmahera is host to Newcrest Mining Limited's Gosowong Mine, one of the highest-grade underground gold mines currently operating anywhere in the world (28 g/t gold average). Reliance Resources has the second largest landholding for gold exploration on Halmahera after Newcrest Mining.

    Currently, the company is active on three of its five Indonesian gold projects; preparations for Phase 2 drilling on the Tanoyan Gold Project are underway, surface exploration programs ongoing at the Kapa Kapa Gold Project and the Roko Gold Project. All the company's projects have easy access via paved and/or gravel roads and the regional infrastructure is good.

    Rock samples are collected and initially logged at Akelamo Base Camp at the project area. Samples are then securely transported to Reliance Resources' Exploration Office in Tobelo, North Halmahera. Archival samples are retained, as a reference, in the secure Tobelo office facility. All QC samples are introduced before the bagged samples are sent by courier to PT Intertek Laboratory's sample preparation facility in Manado. Prepared samples are then couriered by PT Intertek to their analytical facility in Jakarta for analyses.

    Gold is fire assayed using a 50.0 gram aliquot sample with an AA finish. Multi-element analysis is by Four Acid Digestion using an Induced Coupled Plasma (ICP) finish.

    The Company's QA/QC program now includes the regular insertion of blanks and certified assay standards into the sample shipments. Locally-sourced blank samples are inserted in every assay batch of 20 samples. Commercial standards are inserted in every assay batch of 25 samples. Regular monitoring of these QC samples is a critical part of Reliance Resources' QA/QC protocols.
    This press release has been reviewed and approved by Mr. John Levings, B.Sc., FAusIMM, director of Reliance Resources Ltd. and a Qualified Person as defined by National Instrument 43-101, under whose direction the exploration programs are being carried out.

    Media Information, contact:
    Scott Emerson, President
    and Director
    se@relianceresources.com

    Investor Information, contact:
    Mike Kordysz, Investor
    Communications
    mk@relianceresources.com

    The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.


    Fig 1 -- Akelamo Prospect - location of NNW-trending zone of mineralised and altered volcanics.
    http://www.relianceresources.com/i/maps/KapaKapa/Akelamo-Exploration.jpg



    Fig 2 -- Akelamo Prospect - sample locations (grab samples are selective by nature and are unlikely to represent future average grades on the property) http://www.relianceresources.com/i/maps/KapaKapa/Akelamo-Prospect.jpg



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