Announcement re Jupiter Mines

RNS Number : 9007X

Red Rock Resources plc

14 December 2010

 



RED ROCK RESOURCES PLC

("Red Rock" or the "Company")

Announcement re Jupiter Mines Limited

Dated: 14 December 2010

Red Rock notes the announcement made by its 5.23% owned associate Jupiter Mines Limited (ASX:JMS) ("JMS") today, in which JMS announced the completion of the first phase of the planned drilling program at JMS' Mt Ida Magnetite project. Red Rock maintains a 1.5% gross production royalty in Mt Ida. Highlights of the JMS announcement included:

·     The RC drilling program on the Mt Ida Central Area has been completed, with a total of 11 898 metres drilled from 46 holes, all of which intersected magnetite mineralisation

·     Assaying and Davis Tube Recovery (DTR) test work on the first 29 holes gave average weight recoveries of 43% and concentrate grades of up to 71% Fe

·     Contaminant levels in the magnetite concentrate are very low

·     A conceptual mineralisation model of the Central Area has been generated, showing six magnetite lodes

·     Mineralisation is open to the north and south of the tested Central Area

·     A maiden Inferred Resource Statement is expected in the second half of January

·     A Scoping Study is in progress and expected to be complete in the second half of January

·     The program planned for 2011 should increase the Inferred Resource through drilling in the Southern and Northern Areas, while advancing the Central Area to Measured and Indicated status

·     The results so far suggest a substantial magnetite project at Mt Ida

The full text of the JMS announcement can be accessed via the following link:

 http://www.asx.com.au/asxpdf/20101214/pdf/31vlb8fv6pfsn6.pdf

 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.

 

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