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(Sharecast News) - Africa and Australia-focussed natural resources developer Red Rock Resources announced the results of second batch of 380 samples from its recently-completed 2022 reverse circulation drilling programme at Bilbale in Burkina Faso on Friday, conducted by its wholly-owned subsidiary Faso Greenstone Resources (FGR).
The AIM-traded firm said it had received laboratory results from 380 samples from three reverse circulation holes totalling 358 metres, which were completed at the Bilbale artisanal mining site.
It said the samples were collected at one metre depth intervals, and sent with duplicates, standards and blanks for testing at Ouagadougou laboratory of SGS Burkina.
At hole BilR22-05, the results included 11 metres at 0.26 grams of gold per tonne from 42 metres, including two metres at 0.5 grams per tonne, as well as four metres at 0.77 grams per tonne from 68 metres, including one metre at 2.68 grams of gold per tonne from 70 metres.
Ground geophysics would now be carried out, the company said, and would be followed by further drill testing in a later programme.
"As Red Rock, through its Australian gold joint venture, began in December to drill for extensions of the old Berringa Mines in Victoria, further results from the company's Autumn drilling of gold prospects in Burkina Faso were coming through," explained chairman Andrew Bell.
"In Burkina Faso, the initial scout drilling programme of seven holes across two locations in the extremely promising Bilbale licence produced, in the first phase at the Djikologo target, gold intersections in three of the four holes drilled, with three relatively high grade intersections in the BilR22-03 drill hole including 20 metres at 3.19 grams of gold per tonne from 22 metres depth.
"This second phase intersected gold mineralisation in two of the three holes at the Bilbale artisanal area, but at more modest tenors."
As the firm emphasised in its early-stage drilling, Bell said it was drilling at that point for structure and not grade, and any intersections over one gram per tonne showed it was in mineralisation, and thus positive.
"The results obtained across the two prospects from a small programme that, to meet spend commitments on an acquired licence, had been accelerated and so had not been preceded by any detailed geochemical and geophysical preparation, were good.
"The next stage will be some ground geophysics in preparation for further drilling."
At 1410 GMT, shares in Red Rock Resources were down 3.51% at 0.28p.
Reporting by Josh White for Sharecast.com.
