Red Rock Regulatory News (RRR)



Regulatory News for Red Rock (RRR)


Share Price: 0.545Bid: 0.52Ask: 0.57Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.05Spread as %: 9.62%Open: 0.48High: 0.589Low: 0.46Yesterday’s Close: 0.545





Colombia - Quarterly Update

Thu, 12th Apr 2012 10:47

RNS Number : 2146B
Red Rock Resources plc
12 April 2012
 

?

RED ROCK RESOURCES PLC

Quarterly Update - Colombia

Appointment of COO at Colombian operations

 

Dated: 12 April 2012

 

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

 

Colombia

 

 



Ore Mined

Ore Processed

Gold Sold


Grade Average



(Tonnes)

(Tonnes)

(Oz)


(g/t)








Quarter to:

 







31st December 2011


5397

5055

1425


8.7

31st March 2012


6110

5658

1149


10.7








Percentage Change


13%

12%

-19%


23%

 

 

 

The first quarter of 2012 in Colombia saw an increase in production at both the mine and plant as infrastructure improvements start to take effect; an increase in the grade from the mine and entering the plant as the mining process improvements are implemented; the appointment of a COO; a fall in gold sales over the period, attributed to inefficiencies within the plant.

 

Gold sales dropped to 1149ozs (1425ozs Q4 2011), a 19% decrease on the previous quarter. Monthly sales have picked up from a low in January of 312ozs (9.7kgs), to 398ozs (12.3 kgs) for February and 439ozs (13.6kgs) for March. A significant decrease in recovery rates at the plant led to this drop in sales. A number of personnel have been released and some processing issues have been identified and addressed. Recovery rates have started to improve.

 

The Company announces the recent appointment as Chief Operating Officer of the Colombian mining operations of Dr Peter Bolt Bsc, CEng, MIMMM, MCIMM. Dr Bolt is an experienced mining engineer with extensive narrow vein mining experience in the Frontino Gold Belt. He has lived in Colombia for 6 years and run two operating mines over that period. Before his work in Colombia, Dr Bolt was with SRK (UK) Ltd for 11 years. Dr Bolt takes responsibility for all operations at the mine. His mission is to improve efficiency of the mine and plant and increase production.

 

Andrew Bell, Chairman of Red Rock said "We welcome the opportunity to work with Peter Bolt, who has previous experience with the El Limon mine and whose judgement and depth of knowledge greatly strengthens our team in Colombia."   

 

 

Enquiries:

 

 

Andrew Bell

020 7099 5840 or

07766 474849

Red Rock Resources plc

Chairman

Sandra Spencer

020 7099 5840 or

07757 660 798

Red Rock Resources plc

Public and Investor Relations

Philip Davies/David Porter

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
 
END
 
 
MSCKLLBFLZFZBBX


Related Shares: Red Rock Resources (RRR).




DateSourceHeadlineCategory
13-May-13 07:00RNSPlacement of SharesCompany Announcement - General
09-May-13 14:24RNSUpdateCompany Announcement - General
04-Apr-13 16:34RNSIssue of Shares under Share Incentive PlanCompany Announcement - General
04-Apr-13 11:36RNSIssue of EquityCompany Announcement - General
28-Mar-13 07:01RNSHalf Yearly ReportResults and Trading Reports
11-Mar-13 17:50RNSIssue of EquityCompany Announcement - General
18-Feb-13 16:35RNSPrice Monitoring ExtensionCompany Announcement - General
08-Feb-13 17:53RNSUpdate on Proposed Sale of Interest in GreenlandCompany Announcement - General
01-Feb-13 16:35RNSPrice Monitoring ExtensionCompany Announcement - General
01-Feb-13 16:28RNSIssue of EquityCompany Announcement - General
29-Jan-13 18:01RNSGrant of OptionsDirectors' Dealings
11-Jan-13 17:55RNSAdmission of Shares - ReplacementCompany Announcement - General
11-Jan-13 15:47RNSAdmission of SharesCompany Announcement - General
08-Jan-13 12:55RNSUpdate on Greenland and JupiterCompany Announcement - General
21-Dec-12 11:05RNSOperational UpdateCompany Announcement - General
20-Dec-12 17:30RNSPlacement of Shares and Loan RefinancingCompany Announcement - General
19-Dec-12 17:49RNSPlacement of SharesCompany Announcement - General
19-Dec-12 17:49RNSGreenland Havik JORC Mineral Resource EstimateCompany Announcement - General
17-Dec-12 07:00RNSIssue of EquityCompany Announcement - General
14-Dec-12 14:13RNSKenya updateCompany Announcement - General
06-Dec-12 17:14RNSGreenland updateResults and Trading Reports
29-Nov-12 13:51RNSResult of AGMResults and Trading Reports
28-Nov-12 12:01RNSProposed Sale of Interest in NAMA Greenland Ltd.Company Announcement - General
21-Nov-12 12:43RNSJupiter Mines updateCompany Announcement - General
21-Nov-12 11:15RNSIssue of EquityCompany Announcement - General
14-Nov-12 12:09RNSUpdateCompany Announcement - General
08-Nov-12 13:59RNSJupiter Mines - Mt Ida Project UpdateCompany Announcement - General
29-Oct-12 14:18RNSGreenland UpdateCompany Announcement - General
19-Oct-12 07:00RNSFinal ResultsResults and Trading Reports
17-Oct-12 18:15RNSSale of Shares in Jupiter MinesCompany Announcement - General


Regulatory news is displayed end of day, each day at 19:00.
Sign up for Live Prices





Datafeed and UK data supplied by NETbuilder and Interactive Data. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.