Ivory Coast Update

RNS Number : 4421I

Red Rock Resources plc

25 March 2015

 

Red Rock Resources Plc

("Red Rock" or the "Company")

Ivory Coast Update - Dabakala and Alepe Preliminary Gold Soil Geochemistry Results

25^th March 2015

Red Rock Resources plc, the mining and exploration company with gold interests in Colombia, Kenya and Ivory Coast is pleased to provide an update on its gold and manganese exploration licenses in Ivory Coast.

Highlights

·     A number of quality gold anomalies identified at Dabakala from preliminary reconnaissance soil geochemical sampling programme

·     Dabakala anomalies coincident with geological and structural targets including important thrust-faulted zone that has been considered an analogy to the Tongon Gold Deposit

·     Infill and extension sampling planned over Dabakala and Alepe

Ivory Coast

Dabakala - gold and manganese

The company is pleased to report results from 648 composite soil geochemical samples collected from the 393km² Dabakala license in north eastern Ivory Coast.

The samples were collected by Nemex Resources in late 2013, prior to acquisition by Red Rock. The samples were collected at 100m intervals along 2km spaced lines. Adjacent sample pairs were combined into composite samples to reduce assaying costs without reducing sample integrity. CRM (Certified Reference Material) samples were inserted into the sample sequence at 5% intervals (1 CRM standard for 20 soil samples) for QAQC purposes. In total, 648 samples were sent to SGS in Yamoussoukro for preparation, then forwarded to SGS in Ouagadougou for gold and arsenic analysis.

The results show nine gold anomalies up to 385 ppb Au of which three are considered the most significant at this early stage of exploration (see Figure 1). The company is particularly encouraged by the correlation between the anomalies and underlying geological and structural features, particularly since some of the anomalies overlie packages of volcanic and sedimentary rocks neighbouring a granite that have been interpreted to be significantly thrust-faulted.  The Tongon Gold Deposit in northern Côte d'Ivoire was the geological analogy proposed by Nemex Resources for this area.

Figure 1 - Dabakala Gold Anomalies Map

http://www.rrrplc.com/files/7714/2721/5021/Figure_1_Dabakala_Gold_Anomalies_Map.pdf

·     Anomaly 1 - 385ppb gold in west. The anomaly occurs in a structural package of volcanics and sediments with occasional silicified units. The package extends to the west, outside of the area sampled, by a further 9km

·     Anomaly 2 - 189ppb in central-north area on a geological contact between basalts and volcaniclastics

·     Anomaly 3 - 151ppb gold on ridge containing banded manganese formation that is silicified in places

The company is paying careful consideration to all gold anomalies at this early stage of exploration as the surface gold concentrations are largely determined by the depth and type of regolith cover common to the region.

Red Rock is planning the next stage of exploration, likely to involve infill soil sampling or shallow auger drilling along closely spaced grids over the high priority anomalies and the significant areas extending away from the anomalies that have not yet been the subject of any sampling for logistical reasons, particularly in the western portion of the license.

The Company also intends to collect a number of grab samples along a 17 kilometre-long ridge that Nemex Resources identified as a banded manganese formation (BMF).

Alepe

As announced previously, Red Rock recently carried out a preliminary regional soil geochemical sampling programme over the eastern portion only of its 393km² Alepe license in south-east Ivory Coast.

During the programme, 238 samples were collected at 100m intervals along 2km spaced lines, testing approximately 20% of the total license area. All samples underwent preparation at SGS Yamoussoukro, after which they were forwarded to SGS Ouagadougou for gold and arsenic analysis.

The results appear to confirm the presence of gold at Alepe, with some zones considered mildly anomalous; see Figure 2. Red Rock intends to complete sampling of the remaining, as yet untested, ~80% of the license area to build a more complete dataset before determining next steps for progressing the license.

Figure 2 - Alepe Gold Anomalies Map

http://www.rrrplc.com/files/9414/2721/5094/Figure_2_Alepe_Gold_Anomalies_Map.pdf

License Applications - gold

Red Rock continues to progress additional license applications currently pending with the Ivory Coast Ministry.

Company Chairman, Andrew Bell, comments:

 "We have so far only scratched the surface with this, our first sampling programme in Côte d'Ivoire. Given the thick regolith, the compositing of samples, and the wide 2 km line spacing, we were willing to consider the slightest anomaly, even of arsenic, as justifying follow-up by detailed sampling of the vicinity, but the sampling has resulted in some anomalies that our technical team regard as excellent and that are backed-up with a solid geological and structural story. These results provide support for our move into a country and area that has not seen the application of modern-day exploration techniques but where significant potential to make a new gold discovery exists. We are indebted to Dr Peter Turner, formerly CEO of Nemex Resources Ltd, from which we acquired the Dabakala and Alepe licenses, for his invaluable advice. Although the exploration is very early-stage, we intend to make the infill and extensional sampling a high-priority activity and deliver further news to our share holders".

For further information, please contact:

Andrew Bell 0207 747 9990 or 0776 647 4849	Chairman Red Rock Resources Plc
Roland Cornish/ Rosalind Hill Abrahams 0207383 5100	NOMAD Beaumont Cornish Limited
Jason Robertson 01293 517744	Broker Dowgate Capital Stockbrokers Ltd.
Christian Pickel  02031288817	Media Relations MHP Communications

Qualified Person's Statement

The information in this report that relates to Exploration Results is based on information reviewed by Dr Peter Turner (PhD), a qualified person as defined in the 'Guidance Notes for Mining, Oil and Gas Companies' issued by AIM, who is a Member of the Australian Institute of Geosciences (AIG). Dr Turner is a consultant geologist and has sufficient experience which is relevant to the region, the style of mineralisation under consideration, and to the activities being undertaken. Dr Turner, who is acting for Red Rock as a consultant, has reviewed the information in this announcement and consents to the inclusion of the information in the form and context in which it appears.

 

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