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 Reliance Resources Ltd. (TSX:RI)

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BeitragThema: Reliance Resources Ltd. (TSX:RI)   Di Jan 24, 2012 10:27 pm

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
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BeitragThema: Reliance Resources hat der Ernennung von Andrew Wilson zum Director der Gesellschaft bekanntgegeben   Mo Feb 20, 2012 1:45 pm

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:Trendakien.com
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BeitragThema: Reliance Resources Limited Extension of Term of Warrants   Sa Feb 25, 2012 2:23 pm

VANCOUVER, Feb. 24, 2012 /CNW/ - Reliance Resources Limited (the "Company") (TSX:RI) wishes to announce that it has applied to the Toronto Stock Exchange (the "Exchange") and has received conditional approval to extend the terms of an aggregate of 2,250,000 common share purchase warrants (the "Warrants") which were issued pursuant to a brokered private placement (the "Private Placement") which closed on March 1, 2012 (250,000 of the Warrants were issued to the agent in consideration for services provided in connection with the Private Placement). Each Warrant entitles the holder to acquire one common share in the capital of the Company at an exercise price of $0.65 per common share until March 1, 2012. No Warrants issued under the Private Placement have been exercised to date, and none of the Warrants are held, directly or indirectly, by any insiders of the Company. The Company has received conditional approval from the Exchange to extend the term of the Warrants for an additional year to March 1, 2013.

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.

For further information:

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

Investor Information, contact:
Mike Kordysz, Investor
Communications
mk@relianceresources.com
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BeitragThema: Reliance Resources Limited - Additional High-Grade Silver Assays from Kapa Kapa Gold-Silver Project, Halmahera, Indonesia   Do März 15, 2012 9:14 pm

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
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BeitragThema: Reliance Resources Engages DGI for Investor Relations   Mo Aug 20, 2012 9:05 pm

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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