RED ROCK RESOURCES PLC
Kenya Exploration Update
Dated: 30 March 2011
Migori project, Kenya
Red Rock Resources plc ("Red Rock" or the "Company"), the gold mining and exploration company with projects in Kenya, Costa Rica and Colombia, and interests in steel feed and uranium, announces drilling updates for the Migori gold project in SW Kenya.
To date, a total of 2,259 metres of diamond coring and 1,367 metres of reverse circulation (RC) drill holes have been drilled on the Migori licences. There are currently four contractors engaged to complete a combination of resource infill diamond and reverse circulation drilling on resource prospects in the western licence (SPL122) and exploratory, scout drilling on previously unexplored targets (in the eastern licence, SPL202). A fifth contractor has recently mobilised to site and air core drilling is expected to commence over the coming week to obtain soil samples for geochemical sampling in areas where bedrock exposure is limited.
The completed metres cover the Gori Maria and Kakula/Kalange (KKM) prospects (which currently have a combined indicated resource estimate of 30.7 million tonnes containing 920,000 oz Au). On completion of the KKM drilling, the MK and Nyanza prospects will be drilled. Two scout holes have been drilled into the Nyabisawa banded iron formation target totalling 250 metres. Drilled diamond core and RC chips are currently being logged and sampled and the Mikei camp and results for the first sample batches are expected in early May.
Figure 1 - Migori Project, SW Kenya: simplified geological map
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/9506D_1-2011-3-30.pdf
Trenching has been underway at the VTEM conductor 2 target with 6 trenches being dug to examine the lithology and structure of the region. A drill programme to test the source of the VTEM anomaly is currently being prepared based on the additional geological information provided from the trenching programme.
Final processing of the VTEM and magnetic/radiometric data is expected to be completed later this week. Results are expected to allow the Macalder VTEM target (conductor 1) drilling programme to be finalised and for new potential targets to be delineated from the magnetic/radiometric data. Results from stage 2 of the metallurgical test work on the Macalder tailings are expected at end-April.
Other
Elsewhere, Ascot Mining plc, in which Red Rock has a significant investment, and to which it has seconded an engineering consultant, today announced an operations update which may be viewed at http://www.plus-sx.com/newsItem.html?newsId=1140900
In Colombia, where the Company has taken a 51% stake in Mineras Four Points SA, the process of re-organising management and operations as we build up production continues. An update will be issued shortly.
The technical information is this release has been reviewed and approved for release by Helen Salmon, BSc(Hons), a geologist working for the Company, a Fellow of the Geological Society and a Member of the Mineralogical Society.
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.