Replies to post #987 on Zinc

[Lone Clone]

Redcorp Ventures Ltd.: Progress Report on Big Bull Exploration Program
BB07066 Intercept Gold Grade Increased By 29%

09:02 EDT Monday, June 18, 2007

http://www.globeinvestor.com/servlet/WireFeedRedirect?cf=GlobeInvestor/config&vg=BigAdVariableGe...

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 18, 2007) - REDCORP VENTURES LTD. (TSX:RDV) and Redfern Resources Ltd. ("Redfern"), its wholly-owned subsidiary, (together the "Company"), are pleased to announce further results for the 2007 exploration program at Big Bull. In addition, the Company is pleased to report that metallic screen assays received for BB07066 increased the gold grade for this high-grade intercept by 29% compared to the previously reported conventional fire assay data.

Drilling commenced in the Big Bull area of the Tulsequah Project on April 21, 2007. The Company released the first results for the 2007 exploration program on May 15, 2007. Results from an additional four holes are now available as are metallic screen assays from BB07066.

2007 Exploration Results to Date

 
 ----------------------------------------------------------------------- 
                          Inter- True 
                            val Width    Au     Ag   Cu    Pb    Zn 
 Hole ID       From     To   (m)   (m) (gpt)  (gpt)  (%)   (%)   (%)  SG 
 ----------------------------------------------------------------------- 
                                        (ii) 
 (i)BB07066  138.15 144.30 6.15   3.5 14.62 288.23 0.51 11.23 22.32 3.25 
 ----------------------------------------------------------------------- 
 BB07070     261.00 263.10 2.10   1.8  0.33   5.50 0.13  0.05  2.29 2.78 
 ----------------------------------------------------------------------- 
 plus        303.80 305.30 1.50   1.3  5.70 154.47 0.28  2.47  4.56 3.03 
 ----------------------------------------------------------------------- 
 BB07071     114.10 115.60 1.50   1.1  0.97 100.66 0.25  4.44  9.19 2.98 
 ----------------------------------------------------------------------- 
 BB07072     150.50 154.50 4.00   2.6  1.84 149.13 0.40  2.79  5.14 2.97 
 ----------------------------------------------------------------------- 
 (i) Previously released 
 (ii) Updated with Metallic Screen Assay Metallic screen assays are 
      considered to be more representative of the grade of the sample 
      when coarse gold is present. 
  
 

The Big Bull Drilling program is exploring for extensions to the high-grade mineralization encountered in holes BB06060 and BB06062, previously reported November 27, 2006 at the end of the 2006 drill program. Additional drill-holes with mineralized intersections have been completed on this target, for which assays are pending. The drill rig has now been moved to an underexplored portion of the main Big Bull trend.

Drillhole BB07069 was designed to test the immediate down dip extent of the "60-62" target, along strike of previous intercepts. No mineralization was intersected at the target stratigraphy.

BB07070 cut two zones of mineralization that appear to correlate with the main Big Bull trend. Mineralization in this hole was complicated by late mafic intrusives that appear to have displaced the expected "60-62" zone.

BB07071 cut mineralization that appears to be a continuation of the "60-62" zone. The mineralized interval is hosted within a similar volcanic sequence, updip and along strike of previous intercepts.

BB07072 cut mineralization from 150.50-154.50 meters. Due to late mafic intrusions it is difficult to determine which zone of mineralization this intercept correlates to. Future work may provide additional information to allow for a more complete interpretation.

The Company is using the recent drillhole information to update the model of the distribution of mineralization to assist in planning future drillholes and for refined resource estimation at the conclusion of the program.

Upon completion of drilling at the Big Bull targets the drill will be moved close to the Tulsequah Chief Deposit to test updip targets of the Tulsequah Chief Deposit.

Redcorp Ventures Ltd. is a Vancouver-based mineral exploration and development company with active projects in British Columbia and Portugal. Further information on Redcorp and the Tulsequah Project can be obtained on the Company's website at www.redcorp-ventures.com and at Redfern's website at www.redfern.bc.ca or by calling toll-free to Troy Winsor, Manager of Investor Relations, at 1-888-225-9662.

ON BEHALF OF THE BOARD OF DIRECTORS OF REDCORP VENTURES LTD.

Terence Chandler, President

Megan O'Donnell, P.Geo., and Michael G. Allen, P.Geo., are the qualified persons, as defined by National Policy 43-101, supervising the exploration program at the Tulsequah Project. Eco-Tech Laboratories of Kamloops BC is an accredited assay laboratory conducting the sample analyses and assays using standard techniques.

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the Ontario Securities Act. This includes statements concerning the Company's plans at its Tulsequah Project and other mineral properties, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the availability of financing for activities, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, metal price fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of remediation and mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration or development , the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management and other risks and uncertainties, including those described under Risk Factors Relating to the Company's Business in the Company's Annual Information Form and in each management discussion and analysis. In addition, forward-looking information is based on various assumptions including, without limitation, contractor's costs, remote site transportation costs and materials costs for future remediation. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

News Release 07-24

FOR FURTHER INFORMATION PLEASE CONTACT:

Redcorp Ventures Ltd.
Troy Winsor

1-888-225-9662


Website: www.redcorp-ventures.com / www.redfern.bc.ca