Drill Programme to start at DRC Prospect

RNS Number : 6588Z

Red Rock Resources plc

25 May 2021

 

Red Rock Resources PLC

("Red Rock" or the "Company")

Drill Programme to Start at Copper-Cobalt Prospect in DRC

25 May 2021

Red Rock Resources Plc, the natural resource development company with interests in gold, manganese and copper, announces, following the announcements of 9 February 2021 and 30 March 2021, further progress at the Company's 80% owned Luanshimba License in the Democratic Republic of Congo, which contains copper and cobalt targets.

The programme has been carried out under the supervision of Minerals Exploration Associates SARL ("Minex Consulting SARL") and the pre-drilling phases have been completed or are near completion:

· 70.72 line-kilometres of magnetic data was collected in December 2020 by a ground survey conducted on north-south lines with a 100m line spacing

· Ronacher McKenzie Geoscience of Sudbury, Ontario processed and interpreted the ground magnetic data during January 2021

· An IP and resistivity programme across the three target areas has been completed and is being analysed

· Construction of a camp, water well and security office is nearing completion and work is beginning on preparing drill access and drill pads

· Rubaco SARL have been engaged to carry out a 2,000m Reverse Circulation drill programme comprising 20 holes, with an option to extend to 3,000m

Red Rock Chairman Andrew Bell comments : "Rubaco, have the experience and reputation we were looking for in a drilling partner in Katanga, and we look forward to working with them. This programme is designed to penetrate below the normal water table and detect any supergene enrichment, and in June we expect to encounter suitable ground conditions and achieve good drilling recoveries.

The results from the geochemical and geophysical work we have carried out, and our interpretation of structure, mean that we approach this drilling with high expectations," 

Background

Red Rock owns 80% of the Luanshimba Project, which is situated 65 km south-east of the provincial capital of Lubumbashi in Haut-Katanga, in a 420 hectare prospecting license  (PR13513) in the Congolese Copperbelt.

The tenement is situated along a disrupted anticline with undifferentiated Roan sediments of the Mwashya Subgroup draping off a nearby basement dome, similar to some other Cu-deposits in the immediate area. 

A comprehensive termite mound sampling programme combined with reconnaissance geological mapping was conducted in 2018 over an area underlain by prospective Roan Group sediments. 452 samples were collected on a 100x100m grid, and then split, with one batch sent to ALS Laboratories in Johannesburg while the other was retained for XRF analysis.

Red Rock identified in the southern part of the licence, a 2km long anomaly up to 500m wide striking ENE, with anomalous metal assays with peak values of 519ppm Cu and 425ppm Co, corroborating earlier XRF values and partly coincident with above average contents of pathfinder elements Bi and V. Given the regionally low background, these results are considered indicative of likely Cu-Co mineralisation at depth.

In the north, a SE- striking copper-cobalt anomaly some 1,400m by 300m wide, while more subdued, is still significant as it clearly mimics the regional metalliferous stratigraphic and structural trend.

The technical and related information in this report relates to exploration results based on information from third parties and data compiled by Kazadi S-B. Barry (MSc), Pr.Sc.Nat., MGSSA. who is a member of the South African Council for Natural Scientific Professions. Mr. Kazadi has sufficient experience in the style of mineralisation and type of deposit under consideration. Mr. Kazadi consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. Mr Kazadi is a Managing Director of Mineral Exploration Associates SARL, consultants (under the name Minex Consulting) to the Company.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For further information, please contact:

Andrew Bell 0207 747 9990  Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990  Director Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396  NOMAD Beaumont Cornish Limited

Mark Treharne 0203 700 2500    Broker Pello Capital Limited     

 

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