Reliance Resources Ltd. - startet jetzt voll durch....

Name: GOLDEN PEAKS RESOURCES LTD.
WKN: 905815
ISIN: CA38114L1067
Veränderung/
Change:
Umbenennung
neuer Name Reliance Resources Ltd.
neue ISIN CA7595041038
neue WKN A1JSNG
Reliance Resources Ltd (TSX:RI)

Metals and Mining
Reliance Resources Ltd.

Company Overview

Reliance Resources Ltd. engages in the exploration and development of various resource properties in Indonesia. The company explores for gold, copper, and silver ores. It holds interests in Tanoyan property covering 1,853 acres and the Anggrek property covering 2,223 acres located on the northern arm of Sulawesi Island; Palopo property that covers 20,006 acres located in the Palopo City; Kapa Kapa property covering 12,355 acres located in north arm of Halmahera Island in the North Maluku Province; and Roko property, which covers 31,852 acres in north arm of Halmahera Island in the North Maluku Province. The company is headquartered in Vancouver, Canada.

1166 Alberni Street

Suite 505

Vancouver, BC V6E 3Z3

Canada

Phone:

604-689-4006

Fax:

604-683-1585

www.relianceresources.com

January 24, 2012
Update of Initial 43-101 Resource Report Underway on Tanoyan Gold Project, Indonesia
January 24, 2012 - Reliance Resources Ltd. (the "Company")(TSX:RI) is pleased to announce that it has retained Mining Associates (www.miningassociates.com) , an internationally recognized independent consulting firm, to prepare an updated NI 43-101 report on The Tanoyan Gold Project, North Sulawesi, Indonesia.

This updated mineral resource estimation will include results from the recent Phase 1 program of diamond core drilling and geological mapping. The Phase 1 drilling program completed 5,041.8 meters of drilling in 44 holes. A total of 1753 drillcore samples were assayed by PT Intertek in their analytical facility in Jakarta, a part of their global network of state-of-the-art laboratories. (http://www.intertek.com/minerals/)

Mining Associates is a specialist geological and mining consultancy based in Brisbane, Australia. With a newly opened Hong Kong office and associates around the world, they have a truly global presence and solid experience in Indonesia They are focused on providing the client with an understanding of the fundamental geological controls to add value to our project. It is this underlying framework that needs to be the basis for all further developments.

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 preparing for the Phase 2 drill program on the Tanoyan Gold Project and surface exploration programs are being carried out 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 the regional infrastructure is good.

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

Investor Information, contact:
Mike Kordysz,
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.



You can view the Previous News Releases item: Wed Jan 18, 2012, Phase 1 Drill Program At Tanoyan Gold Project Successfully Completed

Reliance Resources / TSX: RI / WKN: A1JSNG

„Dicken“ Zuwachs bekommt unser Goldtipp aus Indonesien. Reliance Resources hat der Ernennung von Andrew Wilson zum Director der Gesellschaft bekanntgegeben. Wilson war von 2000 bis 2008 President Director bei BHP Billiton Indonesia. Er ist also mit dem Land uns seinem Gepflogenheiten gut bekannt und dürfte sicher hervorragend „verdrahtet“ sein. Wir denken, dass er Reliance Resources wertvolle Dienste leisten wird.

Quelle: Trendaktien

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

VANCOUVER, March 14, 2012 /CNW/ - 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.

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
For further information:

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

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

May 31, 2012
Gold Mineralisation Strengthens at Depth: Tanoyan Gold Project, Sualawesi, Indonesia


14.5 metres at 2.8 g/t Au from 50.5m (TND090)
Affirms the trend for increasing gold grade with depth
Part of Phase 2, 10,000 metre drilling program to increase 43-101 mineral resource estimate


May 31, 2012- Reliance Resources Ltd. (the "Company") (TSX:RI) is pleased to announce positive drilling results from hole TND090 into the Sondana Vein at the Tanoyan Gold Project, Sulawesi, Indonesia. These results are part of the planned, 10,000 Phase 2 drill program 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).

Previously released results have shown a tendency for higher grades, and often greater widths, to occur below earlier shallower drillholes. Therefore, current drilling at Tanoyan is targeting the central Sondana Vein at deeper levels (Figure 1) http://www.relianceresources.com/i/maps/TND090-2.jpg. The results of TND090 released here, provides further affirmation of this tendency for higher grades at depth:

TND 090: 14.5 metres at 2.8 g/t Au from 50.5m
including 3.7 metres at 5.8 g/t Au from 51.5m
and 3.0 metres at 4.2 g/t Au from 59.5m


Reliance president Scott Emerson stated "These results further show how our Tanoyan Gold Project continues to improve as the drilling advances. Epithermal gold veins are not simple to evaluate as the gold occurs in shoots and at different levels. The TND090 results and other similar results prove that only extensive drilling, such as we are undertaking in this Phase 2 drilling program, can unlock the potential of prospects such as Tanoyan. I look forward to continually updating the market as our Tanoyan drill program progresses and accelerates in coming months, as well as providing regular updates on our other exciting gold and silver properties in Indonesia. "

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 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, as well as 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, 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 which have been mapped on surface and in locations where earlier drilling has shown the mineralisation is open at depth.

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 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.


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

Investor Information, contact:
Mike Kordysz,
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.


Table : Tanoyan Project Drilling Results

DH No. Vein From To Interval Au
(m) (m) (m) (g/t)
TND090 Sondana 50.50 65.00 14.50 2.8

incl 51.50 55.20 3.70 5.8

and 59.50 62.50 3.00 4.1



Figure : Sondana Vein Drill Section showing location of TND090
http://www.relianceresources.com/i/maps/TND090-2.jpg



Figure 2: Sondana Vein Drill Section showing TND090. Grades increasing with depth. http://www.relianceresources.com/i/maps/TND090.jpg


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You can view the Previous News Releases item: Thu May 17, 2012, Tanoyan Gold Project, Sualawesi, Indonesia : Drilling Continues To Intersects Gold Mineralisation

June 22, 2012
Reliance Resources Ltd. - Private Placement
VANCOUVER, BRITISH COLUMBIA -- June 22, 2012. Reliance Resources Limited (the "Company") reports that it has arranged a non-brokered private placement to raise gross proceeds of up to $1.2 million by the sale of up to 8,000,000 common shares at a price of $0.15 per share. In addition, certain insiders of the Company have arranged a sale of approximately 2,465,000 shares of the Company at a price of $0.15 per share through the facilities of the TSX. The proceeds from this sale will be used to partially fund the aforesaid private placement.

Proceeds from the private placement will be used to fund its Indonesian Gold projects and for working capital. The private placement is subject to regulatory approval.

On behalf of the Board of Directors of Reliance Resources Ltd.

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

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

View News Release in PDF Format:

File: http://www.relianceresources.com/i/pdf/2012-06-22_NR1.pdf
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You can view the Next News Releases item: Fri Jun 22, 2012, Reliance Resources Ltd. - Sale of Shares

You can view the Previous News Releases item: Thu May 31, 2012, Gold Mineralisation Strengthens at Depth: Tanoyan Gold Project, Sualawesi, Indonesia

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.

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

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

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