Update

RNS Number : 1470Q

Red Rock Resources plc

09 October 2013

 

9 October 2013

Red Rock Resources plc

("Red Rock" or the "Company")

Update

Red Rock Resources Plc, the mining and exploration company with an iron ore project in Greenland, a producing gold mine in Colombia, and advanced gold and copper exploration in Kenya, announces an update on operations and developments.

Greenland

Further to the Company's announcement on 20 September 2013 in relation to an offer by a third party for a controlling interest in Nama Greenland Limited, a company 60% owned by Red Rock (the "Offer"), the Company has been advised that the transaction is now progressing towards the execution of all the relevant documentation with the Investor. Further announcements will be made in due course.

Colombia

The potential buyer has now visited the mine and the Company's management expect to receive an offer for the asset. Meanwhile the Company has received additional expressions of interest, and a good level of production is being maintained. A drill has arrived on site at El Limon preparatory to a drill programme to establish potential resource and exploration areas.

Kenya

Work is beginning on a Scoping Study on the MK and Nyanza areas of the Mikei Gold Project at Migori, Kenya. This work will provide management with the detail on which a decision to prioritise one area for advanced feasibility can be made.

Enquiries:

Andrew Bell	020 747 9990 or 07766 474849	Red Rock Resources plc	Chairman
Colin Aaronson, David Hignell & Ed Thomas	020 7383 5100	Grant Thornton UK LLP	Nominated Adviser
Nick Emerson	01483 413500	SI Capital Limited	AIM Broker
Guy Wheatley	020 7382 8416	Beaufort Securities Ltd	Joint Broker
Rupert Trefgarne	020 3128 8817	MHP Communications	Media Relations

 

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