Red Crescent Resources Limited

Red Crescent Resources Limited

April 15, 2011 08:00 ET

Red Crescent Resources Files NI 43-101 Report on Its Hakkari Zinc Project on SEDAR

TORONTO, ONTARIO--(Marketwire - April 15, 2011) -


Red Crescent Resources Limited (TSX:RCB) announced that a National Instrument 43-101 compliant mineral resource estimate report was filed today on SEDAR for its Hakkari Zinc Project located in south-east Turkey.

The Hakkari Zinc Project is Red Crescent's primary focus of activity and in the 2011 season is targeting an upgrade of the reported resource to 10Mt @ 15% Zinc equivalent.

The NI 43-101 report filed, which was prepared by the MSA Group of South Africa, gives the detailed support for both the initial mineral resource estimate announced by Red Crescent on February 24, 2011 and the above mentioned target.

The headline potential quantity and grade targeted, although conceptual in nature and insufficient detailed exploration has been completed to define a mineral resource and it is not certain that further exploration will delineate the full target as a mineral resource. However there is sufficient critical mass within the land holdings and sufficient historical mining evidence across the contiguous and adjacent tenements when aligned with the results of the Mineral Resource estimate reported hereunder to justify the above stated target being made.

Mr. Michael Robertson Pr.Sci.Nat, independent Principal Geologist and a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information contained in this news release.

The statements made in this press release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

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