Announcement re Resource Star

RNS Number : 2528A

Red Rock Resources plc

28 January 2011

 



RED ROCK RESOURCES PLC

Announcement by Resource Star Ltd

Drilling results - Livingstonia

Dated: 28 January 2011

Red Rock Resources plc ("Red Rock" or the "Company"), the gold mining and exploration company with projects in Kenya and Colombia, and interests in steel feed, uranium, and rare earths reports the results of the drill programme at the Livingstonia uranium prospect in Malawi conducted by its 24.9% owned associate Resource Star Ltd (ASX:RSL)("RSL") - which were announced by RSL to the Australian Stock Exchange today.

Drilling on the sandstone-hosted redox uranium project included 13 holes for more than 1,500m of drilling, with all but one of the holes being mineralised.

Results of the 13 holes are given, and include:

- 11.80m @ 517ppm eU3O8                           - 21.65m @ 306ppm eU3O8

incl. 2.15m @ 1,546ppm eU3O8                     incl. 8.70m @ 552ppm eU3O8

- 33.95m @ 338ppm eU3O8                           - 22.85m @ 225ppm eU3O8

incl. 12.10m @ 575ppm eU3O8                      incl. 2.70m @ 937ppm eU3O8

The announcement states that these results match the highest grades encountered in previous drilling and may have appreciably increased the tonnage potential, and that an intersection at more than double the width found so far, with a grade above the JORC Resource defined to date, provides encouragement.

The Livingstonia Resource is in Northern Malawi 100km southeast of Paladin's Kayalekera mine and directly south of Paladin's Chilumba license. It contains a series of interpreted northwest trending sandstone-hosted zones of stronger uranium mineralization. An initial JORC Inferred Resource of 4.58m lbs U3O8 at 270 ppm grade was announced by RSL on July 15 2010. Livingstonia is held under a joint venture with Globe Metals and Mining Ltd under which RSL manages work and earns up to 80% equity.

The full text of the announcement by RSL to the Australian Stock Exchange is available on the following link:

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=RSL 

Enquiries:

Andrew Bell	0207 402 4580 or 07766 474849	Red Rock Resources plc	Chairman
Sandra Spencer	0207 402 4580 or 07757 660 798	Red Rock Resources plc	Public and Investor Relations
Peter Trevelyan-Clark/ Ben Jeynes	020 7444 0800	Religare Capital Markets	Nominated Adviser
Nick Emerson	01483 413500	Simple Investments Ltd	Broker

 Updates on the Company's activities are regularly posted on its website, www.rrrplc.com.

 

END

 

 

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