Red Back reports new finds in Africa, hits 52-week high

Red Back Mining Inc. (T.RBI) hit a new 52-week high of $13.30; Red Back provided an update on ongoing exploration programs and operations at its Chirano Gold Mine in Ghana. Drilling continues below the Paboase South Underground Resource following up on the high grades intersected in recent drilling.

The new results extend the strike length of the known high grade mineralisation to 200 metres. With two rigs currently on site and a third on the way, drilling is aimed at both infill and expansion of this discovery to depth and along strike. The Company aims to report a revised Mineral Resource by year end on which preliminary reserves can be estimated.

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