Update - Columbia and Greenland

RNS Number : 0178K
Red Rock Resources plc
07 July 2011
 



RED ROCK RESOURCES PLC

Update - Columbia and Greenland

 

Dated: 7 July 2011

 

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

 

Colombia

 

At the El Limon mine in Colombia, the improvement in production noted in the first half of June has been broadly maintained. Preliminary figures, subject to revision, show average daily output from the mine for the month of June of 52.9 tons per day, with mill output for the month averaging 46.7 tons per day. The grade of material delivered to the plant was, subject to revision, 9.9 grams per ton.

 

The mill operated 28 days during the month, and the mine 26 days. Gold sales for the month of June 2011 were 8.485 kg (273 oz).

 

The Company expects steady improvement at both the mine and the plant as new equipment is brought into use, new technical staff recruited, and working practices improved.

 

Greenland

 

Exploration has begun in Greenland with 3 teams of geologists traversing along lines 800m apart within the licenses. From the base at Camp 1, the crew has collected and tested samples using a portable Niton SL3 Gold XRF analyser over an extensive area of float material. These have yielded encouraging grades of 30% to 40% Fe in course-grained magnetite. An airborne magnetic and radiometric survey is due to begin imminently which will last between 8 to 14 days (depending on weather conditions) which, when combined with field observations, will aid in target generation for drilling in 2012.

 

The teams have now moved to Camp 2, as illustrated in the Company's announcement of 22 June 2011.

 

The information in this release has been reviewed and approved for release by Helen Salmon, BSc(Hons), a geologist working for the Company, a Fellow of the Geological Society and a Member of the Mineralogical Society.

  

 

 

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.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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