Quarterly update - Colombia

RNS Number : 0149W

Red Rock Resources plc

23 January 2012

 



RED ROCK RESOURCES PLC

Quarterly Update - Colombia

Dated: 23 January 2012

Red Rock Resources plc ("Red Rock" or the "Company"), the gold mining and exploration company with projects in Greenland, Colombia and Kenya, and interests in steel feed, uranium, and rare earths, reports on gold sales in Colombia.

Colombia

		Ore Mined	Ore Processed	Gold Sold		Recovered Grade
		(Tonnes)	(Tonnes)	(Oz)		(g/t)
Quarter to:
31st December 2011		5,397	5,055	1,425		8.7
30th September 2011		4,246	4,519	1,404		9.6
Percentage Change		+27%	+12%	+1.5%		-9%

The fourth quarter of 2011 saw planned infrastructural upgrades conducted at the El Limon mine as part of the production plan improvements to tunnels, shafts and development of working fronts.

Gold sales rose slightly to 1,425ozs (3Q 1,404ozs), a 1.5% increase on the previous quarter. Monthly sales remained stable at 509ozs (15.8kgs) for October and 523ozs (16.3 kgs) for November. December sales, as intimated in our announcement of 6 December, saw a decrease to 394ozs (12.3kgs).

Infrastructure and machinery upgrades as well as exploration activity will continue through the first quarter of 2012.

Enquiries:

Andrew Bell	020 7402 4580 or 07766 474849	Red Rock Resources plc	Chairman
Sandra Spencer	020 7402 4580 or 07757 660 798	Red Rock Resources plc	Public and Investor Relations
Peter Trevelyan-Clark	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.

 

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