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Reliance Resources Ltd.

03:45 PM EST - Reliance Resources Ltd. : announced 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. Reliance Resources Ltd. shares T.RI are trading down $0.02 at $0.17.