Red Rock Resources plc
31 October 2007
RED ROCK RESOURCES PLC
Trading Update
Dated: 31 October 2007
Red Rock Resources plc ('Red Rock' or the 'Company') the mineral exploration and
development company with iron ore and manganese projects, and uranium interests,
in Australia and East/Southern Africa, announces an immediate iron ore
exploration programme scheduled to start on 6th November on its 205 sq km Mt
Alfred tenement in the Eastern Goldfields area of the Yilgarn Craton in Western
Australia.
The Mt Alfred tenement is on its northern, eastern and southern sides adjacent
to the Mt Richardson tenement of Iron Mountain Mining Limited ('IRM'; ASX code:
IRM) where IRM is currently completing a RAB (rotary air blast) drilling
programme on three prospects designated by them as their Iron Mountain,
Brooking, and Mt Alfred prospects. The north-south trending BIF (banded iron
formation) structures investigated by IRM are to the North and South of the
Company's license, which contains strike continuations of the IRM prospects and
other targets.
The short programme will follow up the recent successful sampling programme by
IRM in adjoining areas of their license by taking rock chip samples along the
identified mineralized trends, and in other prospective areas, and will also
include mapping. Should results warrant, the objective will be to follow up as
soon as possible with a RAB drill programme to confirm the continuation at depth
of surface mineralisation.
The Yilgarn Craton is the most minerally productive area of Australia and is an
emerging iron ore province which is attracting increasing exploration for
haematite and magnetite iron ores to meet expanding export demand. Exploration
is focussed on two areas, the Mid West, where substantial investment in a rail
and port infrastructure on the west coast north of Perth is being planned, and
the Goldfields, where ore from Koolyanobbing and nearby deposits has already for
several years been exported via the existing rail network through the south
coast port of Esperance. The Company's iron ore interests, which it is looking
to expand should opportunity arise, are in the Eastern Goldfields area.
The Company continues to pursue its uranium strategy primarily through its
investment in Retail Star Limited (ASX code: RSL), where it participates in
management at board level. The Company recently entered into an exclusivity and
confidentiality agreement and is reviewing on behalf of itself and its partners
a possible participation in the exploration of over 4,000 sq km of uranium
prospective ground in northern Africa, as well as other opportunities.
The Company continues actively to pursue its manganese projects according to its
long-standing strategy, and its large tenement position near Woodie Woodie in
the East Pilbara Manganese province in Western Australia is moving towards
grant, upon which exploration will begin.
The Company announces that as of 31st December 2006 Simple Investments Ltd
became brokers to the Company.
Enquiries:
Andrew Bell 07766 474849 Red Rock Resources plc Chairman
John Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser
Ron Marshman / John 020 7628 5518 City of London PR Limited Public Relations
Greenhalgh
Updates on the Company's activities are regularly posted on Red Rock's website,
www.rrrplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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