Maiden JORC Resource Statement for Blue Rock Go...

African Consolidated Resources plc / Ticker: AFCR / Index: AIM / Sector: Mining

22 July 2010

          African Consolidated Resources plc ('ACR' or 'the Company')
           Maiden JORC Resource Statement for Blue Rock Gold Project

African  Consolidated Resources plc, the AIM listed resource development company
focussed  in Zimbabwe, is pleased to announce that it has achieved the 1 million
ounce  JORC compliant  gold resource  milestone following  the publication  of a
maiden JORC Resource at the Blue Rock gold project ('Blue Rock'), located in the
Gadzema greenstone belt near Chegutu, 100km southwest of Harare.

Highlights

  * Maiden JORC Resource at Blue Rock totals 8.5 million tonnes @ 1 g/t for
    270,000 oz, using a cutoff grade of 0.6 g/t
  * ACR's total JORC compliant gold resources at its Pickstone-Peerless, Giant
    and Blue Rock projects now 1,085,000 ounces
  * Assay results awaited for diamond drilling quality control holes.  Once
    quality control checks are complete it is hoped that a significant
    proportion of the maiden Resource can be re-classified in the Indicated
    category
  * Maiden Resource based on drilling to May with 20 RC holes completed since
    identifying new trend, 250m from the Blue Rock trend



ACR  Chief Executive Officer  Andrew Cranswick said,  "This maiden resource from
our  Blue Rock gold project adds further tangible value to our growing portfolio
of gold projects in the northern midland greenstone belts in Zimbabwe, where our
JORC  compliant  resources  now  exceed  1 million ounces.  This latest resource
again  reiterates the  considerable potential  of this  highly prospective area,
which we intend to crystallise through additional exploration and development.

"Importantly,  this resource  statement, which  exceeds management expectations,
highlights   the   attractive   modelling   of  the  Blue  Rock  orebody.   Gold
mineralisation extends to near surface, demonstrating that it is well suited for
open  pit mining  which underpins  the potential  for robust economics from this
target.   Our work programme will now focus on the delineation of mineralisation
along  the  5km of  strike  between  Blue  Rock  and  the Giant Mine, with drill
intersections  to  date  demonstrating  similar  broad  zones  of  silica-pyrite
alteration  and gold mineralisation.  When viewed alongside  the BFS roadmap ACR
has  recently outlined  in its  partnership MOU's,  the on-going  delineation of
resources  fits  the  strategy  of  extracting  value  from  our  assets through
large-scale gold production".

The  Blue Rock Resource covers 500m of  strike of ultramafic schists interbedded
with  banded iron formations and minor mafic volcanics.  Later felsic intrusions
are  emplaced along extensive NNE structures,  and have been extensively altered
by  silica-pyrite  mineralisation.   Gold  mineralisation  occurs  within banded
iron-formations (where it was historically mined), in narrow quartz veins and in
broad  zones in  the felsic  intrusives. Minor  mineralisation extends  into the
ultramafic schists.

A  JORC Inferred Resource  has been calculated  by Hellman and Schofield ('H&S')
consultants  of  Perth,  Western  Australia  as  8.5 million  tonnes @ 1 g/t for
272,000 oz,  using a cutoff grade of 0.6 g/t.  This result is above management's
expectations,  partly due to the generally  broad and consistent gold intercepts
(up  to 30m), which generate  a coherent and  robust block model.  The modelling
generates  high tonnes per vertical metre, well  suited to open pit mining.  The
orebodies  extend to near surface (below  shallow soil cover), and there appears
to  be a moderate supergene enrichment in the oxide zone (approx 0 to 30m) which
generates attractive mining targets at very shallow depths.

ACR's total gold inventory is summarised in Table 1 below:

+--------------------------+---------+-----+----------+------+-----------------+
|Table 1: ACR  Resources   |         |     |          |      |                 |
|July 2010                 |         |     |          |      |                 |
+--------------------------+---------+-----+----------+------+-----------------+
|                          |   Oz    |Grade|  Tonnes  |Cutoff|  JORC Category  |
|                          |         |     |          | g/t  |                 |
+--------------------------+---------+-----+----------+------+-----------------+
|Peerless ACR drilling     |  210,000|  1.4| 4,600,000|   0.5|Inferred         |
+--------------------------+---------+-----+----------+------+-----------------+
|Concession ACR drilling   |  240,000|  1.5| 4,800,000|   0.5|Inferred         |
+--------------------------+---------+-----+----------+------+-----------------+
|Dumps, Pickstone-Peerless |         |     |          |      |                 |
+--------------------------+---------+-----+----------+------+-----------------+
|                   Big Red|   15,900|  1.3|   380,000|   1.0|Measured         |
+--------------------------+---------+-----+----------+------+-----------------+
|            Football Field|   18,800|  1.0|   586,000|   1.0|Measured         |
+--------------------------+---------+-----+----------+------+-----------------+
|               Concentrate|   28,300|  4.4|   200,000|   1.0|Measured         |
+--------------------------+---------+-----+----------+------+-----------------+
|Total Pickstone-Peerless  |  513,000|  1.5|10,566,000|      |                 |
|Resource                  |         |     |          |      |                 |
+--------------------------+---------+-----+----------+------+-----------------+
|                          |         |     |          |      |                 |
+--------------------------+---------+-----+----------+------+-----------------+
|Giant Resource[1]         |  300,000|  2.2| 4,400,000|   1.0|Inferred         |
+--------------------------+---------+-----+----------+------+-----------------+
|Blue Rock Resource        |  272,000|  1.0| 8,500,000|   0.6|Inferred         |
+--------------------------+---------+-----+----------+------+-----------------+
|TOTAL ALL                 |1,085,000|  1.5|23,466,000|      |Inferred,        |
|                          |         |     |          |      |measured         |
+--------------------------+---------+-----+----------+------+-----------------+
|[1]Excludes Giant Dump -  |         |     |          |      |                 |
|to be JORC calculated     |         |     |          |      |                 |
+--------------------------+---------+-----+----------+------+-----------------+
|                          |         |     |          |      |                 |
+--------------------------+---------+-----+----------+------+-----------------+


The  Blue Rock Resource is based  on 73 Reverse Circulation (RC) holes totalling
9,158m on  13 lines  spaced  40m apart.  Drill  spacing along lines is generally
30-40m.  Drillholes  were angled 60 degrees west  at approximate right angles to
the  north-trending orebody.   The orebody  dips steeply  east at 70-80 degrees,
hence  drill intercepts are  close to true  thickness.  Maximum drillhole length
was  180m, allowing the orebody to be modeled  to a maximum vertical depth below
surface  of 200m. ACR  have undertaken  bulk density  determinations of 116 core
samples  originating from two diamond core  holes (BRDD0001 and BRDD002). Figure
3 shows a plan projection of the drilling.

In  addition to  the RC  drilling, four  diamond drill  holes ('DDH')  have been
completed  for quality control purposes, to twin the RC drilling and cross-check
RC  grades, particularly below  the water table  which stands at about 30m below
surface.    Diamond   core  assays  are  awaited.  Visually,  the  diamond  core
intersected  broad  zones  of  mineralisation  similar  to that logged in the RC
holes;  however until quality control checks are complete, ACR and H&S regard it
prudent  to classify the  Resource as Inferred.  Once quality control checks are
complete it is hoped that a significant proportion of the maiden Resource can be
re-classified in the Indicated category.

Significant  drill intersections  making up  this Resource  have been previously
reported  in the May  2010 Technical Update, which  is available for download on
our website at www.acrplc.com.  The H&S JORC document will also be available for
download from the same website following the publication of this announcement.

Figure 1:  Blue Rock Project Area - Geological Map and Drillhole Locations

Ongoing Exploration
The  Blue Rock project is one of  several targets in the Gadzema greenstone belt
that  is being actively explored this  year.  Since 2006, ACR has completed over
27,000m of  RC  drilling  at  the  Giant  Mine, Blue Rock and Shlegani projects,
within a semi-contiguous land holding covering over 10km of strike length of the
Gadzema  belt.   Joint  venture  negotiations  are  underway  with  neighbouring
landholders to consolidate the land position.

ACR  now has a  good understanding of  the regional geology  and ore controls at
Blue  Rock, and  believes additional,  similar bodies  will be discovered in the
5km of  strike between  Blue Rock  and the  Giant Mine  to the north. Additional
drilling  of 20 RC holes  to the north-east  of Blue Rock has identified another
trend  (Berks trend) parallel  to, and 250m to  the east of  the Blue Rock trend
(see drillhole locations, Figure 2.). The Berks trend is being drill tested over
a strike length of over 600m. Initial results returned from the lab are positive
with 3g/t-intercepts close to surface.

The  Berks trend together with  the Shlegani prospect (3  km north of Blue Rock,
see  Figure  2), previously  drilled  by  ACR,  will  be  the  focus  of ongoing
exploration  at Gadzema,  where over  5,000m of RC  drilling is  budgeted in the
coming months.

Figure  2:  Gadzema belt - Location  of ACR RC drilling  to date on aeromagnetic
image.

Technical Details
H&S  was commissioned by ACR to estimate  the Mineral Resources at the Blue Rock
gold project in Zimbabwe.

Information  supplied for the  current study includes  sample and assay data for
73 RC  drill holes and  four DDH drilled  by ACR.  At  the time of compiling the
resource estimate for Blue Rock the sample and assay information relating to the
DDH's were not available.  H&S recommend that the Blue Rock resource estimate be
updated once the DDH sample information has been received by ACR.

Recoverable resources have been estimated using the method of Multiple Indicator
Kriging (MIK) with block support adjustment.  The model estimates resources into
panels  with  dimensions  of  20mE by  20mN by  5mRL.  MIK  of  gold grades used
indicator  variography based on  the resource sample  grades, with continuity of
gold grades characterised by indicator variograms at 14 indicator thresholds.  A
block  support adjustment,  incorporating an  adjustment for Information Effect,
was  used to estimate the recoverable gold resources assuming a selective mining
unit  of  4mE by  8mN by  2.5mRL and  grade  control  sampling  at 6mE by 8mN by
1.5mRL.  The  shape  of  the  local  block  (smallest  mining  unit)  gold grade
distribution has been assumed lognormal within each panel.

The  recoverable  resource  estimates  within  each  panel  have  been  modelled
according  to the distribution of sampling in the kriging neighbourhood, through
three  progressively less stringent search  and sample criteria, producing three
categories of resource panels. This classification scheme takes into account the
uncertainty  in the estimates  related to the  proximity and distribution of the
informing composites.

The  Blue Rock  resource estimates  are reported  below at  a series  of cut-off
grades, which span the range of interest for open pit mine optimisation and mine
planning.   The estimates  are constrained  by the  natural surface as estimated
from drill hole collars.  The estimates are considered recoverable by mining and
H&S do not recommend application of ore loss and dilution factors in quantifying
ore reserves.  The figures in this table are rounded to reflect the precision of
estimates and may exhibit rounding errors.

+------------------------------------------+
|  Mineral Resource Estimate for Blue Rock |
|                                          |
|                      Inferred            |
|                                          |
| cut-off   Tonnes   Grade       Ounces    |
|                                          |
|             Mt     g/t Au       K oz     |
|                                          |
|  0.40      13.9     0.8         359      |
|                                          |
|  0.50      10.9     0.9         316      |
|                                          |
|  0.60      8.5      1.0         272      |
|                                          |
|  0.70      6.5      1.1         230      |
|                                          |
|  0.80      4.9      1.2         193      |
|                                          |
|  0.90      3.7      1.3         161      |
|                                          |
|  1.00      2.9      1.5         135      |
|                                          |
|  1.10      2.2      1.6         113      |
|                                          |
|  1.20      1.8      1.7          95      |
+------------------------------------------+


Figure 3: Drill hole collars and hole traces.
Gold intercepts displayed as histograms

Figure  4 to Figure 7 show a series of cross-sections through the resource data,
domain  interpretations and  MIK model.   The plot  show MIK  panels coloured by
estimated  mean grades (e-type  estimates) and the  east dimension of the panels
scaled by the recoverable proportions above 0.5g/t Au cut-off.  The model domain
boundaries are shown as polygons (red = Domain 1 and magenta = Domain 2) and the
interpretations  of topography (green), base of highly weathered (brown) and top
of  fresh  (blue)  are  shown  as  lines,  the  latter  two  used  to define the
sub-domains in the MIK model.

Figure 4: Cross Section 7,999,400mN through resource model and drill holes

Figure 5: Cross Section 7,999,320mN through resource model and drill holes

Figure 6: Cross Section 7,999,200mN through resource model and drill holes

Figure 7: Cross Section 7,999,120mN through resource model and drill holes

The  work  reported  herein  was  undertaken  by  Nic Johnson who is a full-time
employee  of H&S and a Member of the Australian Institute of Geoscientists.  Mr.
Johnson   has   sufficient   experience  which  is  relevant  to  the  style  of
mineralisation and type of deposit under consideration to qualify as a Competent
Person  in  terms  of  JORC  standards  for reporting of mineral resources.  Mr.
Johnson has not visited the Blue Rock gold project.

H&S  accepts responsibility for  classifying the current  estimates as Inferred,
providing  ACR nominate a Competent Person,  or Persons to accept responsibility
for  the sampling data and bulk densities  applied to the estimate and to attest
to  the  reasonable  prospect  of  eventual  economic  extraction of the mineral
resources.   The Competent Person for ACR is Michael Kellow, Technical Director,
who  has sufficient experience which is  relevant to the style of mineralisation
and  type of  deposit under  consideration to  qualify as  a Competent Person in
terms  of JORC standards for reporting of mineral resources. Mr Kellow meets the
definition  of a "qualified person"  as defined in the  AIM Note for Mining, Oil
and Gas Companies.

                                    **ENDS**

For further information visit www.acrplc.com or please contact:

 Andrew Cranswick     African Consolidated Resources plc   [phone]

 Roy Tucker           African Consolidated Resources plc   [phone]
                                                           [phone]

 Richard Greenfield   Ambrian Partners Limited             [phone]

 Hugo de Salis        St Brides Media & Finance Ltd        [phone]

 Susie Callear        St Brides Media & Finance Ltd        [phone]



Glossary of Technical Terms

Term/ Acronym                     Explanation

aeromagnetics                     magnetic survey carried out with a sensor in
                                  an aircraft;

archaean                          rocks greater than 2,600 Ma in age;

argillaceous                      a sedimentary rock dominated by clay and
                                  silt-sized particles;

Au                                chemical symbol for gold;

concentrate                       normally of metallic minerals such as pyrite
                                  and arsenopyrite after removal of gangue;

Cu                                chemical symbol for copper;

DDH                               diamond drill hole

diamond drilling                  drilling method using a diamond-impregnated
                                  cutting bit to obtain a core sample of rock;

electromagnetic survey            geophysical technique using electrical
                                  currents to detect conductive bodies below
                                  surface.   Conductive   bodies include
                                   massive-sulphides that may contain base
                                  metals;

EM survey                         see electromagnetic survey;

fault                             a fracture or break  within a body  of rock
                                  across  which some  movement  has occurred;

felsic intrusive                  an   igneous rock    of    granitic
                                  composition  that  is intruded   into
                                  surrounding strata;

fold                              geological term for a curve or bend of planar
                                  surfaces in rocks;

geophysics                        mineral prospecting  systems  designed to
                                   detect mineralisation  using  the physical
                                  properties of rocks;

igneous rock                      originally molten can  be volcanic  or
                                  intrusive

IP survey                         "Induced Potential"  -  a  geophysical
                                  technique   to   detect   disseminated
                                  sulphide mineralization;

JORC                              Joint Ore  Reserves Committee  of  the
                                  Australasian Institute  of Mining  and
                                  Metallurgy;

kriging                           A geostatistical procedure used for estimating
                                  ore reserves.

lodes                             a discrete, rich portion of an orebody that
                                  has    a    distinct    spatial orientation,
                                  often controlled by faults and folds

mafic rock                        An intrusive or extrusive volcanic rock rich
                                  in dark-coloured minerals rich in magnesium
                                  and iron.  Basalt and gabbro are common types.

magnetic survey                   measurements of  the  perturbation  in the
                                  earth's magnetic  field caused  by magnetic
                                  minerals in rocks;

mineralisation                    metallic minerals such as gold, base metals,
                                  pyrite and arsenopyrite incorporated in rocks;

Mineralised zones                  hydrothermally   altered    structural
                                  features    containing     potentially
                                  valuable minerals;

orebody                           economically  viable   portion  of   a
                                  mineralised zone;

pyroxenite                        an ultrabasic rock rich in pyroxene  - a
                                  silicate mineral;

quartz                            silicon oxide mineral  very common  in
                                  hydrothermal deposits;

radiometrics                      the  measurement  by  spectrometer  of
                                  radiation   energy   given   off    by
                                  radioactive rock-forming minerals, usually
                                  Uranium, Thorium, Potassium;

resource                          mineral resource  as  defined  by  the JORC
                                  Code 2004;

reverse circulation (RC) drilling rotary percussion drilling whereby the RC
                                  sample is  returned from  the  cutting head
                                  inside the rod string to  surface thereby
                                   avoiding  contamination from the walls of the
                                  hole;

rotary air blast (RAB) drilling   Open-hole   drilling   whereby   drill RAB
                                  cuttings are  returned to  surface  by
                                  compressed air  in an  un-lined  hole;
                                  contamination  is  possible  from  the walls
                                  of the hole;

schist                            metamorphic rock  with well  developed
                                  foliation;

shear zone                        zone of multiple fractures or discontinuities
                                  in rock, either ductile or brittle;

siltstone                         fine grained usually quartz rich sedimentary
                                  rock; where calcareous contains calcium or
                                  magnesium carbonate;

stockworks                        zone of multiple quartz filled fractures with
                                  individual veins often of random orientation;

strike                            the horizontal orientation of a planar
                                  geological feature;

sulphide                          sulphur bearing metallic mineral;

supergene                         near-surface weathering processes often
                                  leading to enrichment of gold, copper etc from
                                  fluctuations of the water table and oxidation
                                  chemistry.

thrust                            shallow dipping fault where the upper body of
                                  rock overrides the lower portion;

Ultramafic (ultrabasic)           Igneous rocks with a low silica content and
                                  high magnesium content  (generally >18% MgO),
                                  high FeO, and  usually comprises >90% mafic
                                  minerals







[HUG#1433331]








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