George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRGM.L Regulatory News (RGM)

  • There is currently no data for RGM

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Migori Measured Mineral Resource Estimate

14 Oct 2011 07:00

RNS Number : 1701Q
Red Rock Resources plc
14 October 2011
 



Red Rock Resources

Migori Measured Mineral Resource Estimate at Macalder Tailings

Date: 14th October 2011

Red Rock Resources plc ("Red Rock" or the "Company"), the gold mining and exploration company with projects in Greenland and Colombia, exploration in Kenya, and interests in steel feed, uranium and rare earths, is pleased to announce a Measured Mineral Resource Estimate at the Macalder Tailings at the Migori gold/copper project in Kenya.

This Mineral Resource Estimate ('MRE') announced on 14th October, 2011 is an update of the MRE reported by CSA Global (UK) Ltd on 19th August 2010.

Red Rock Resources has completed the following additional work during 2010/11:

·; Re-surveying of the tailings dam extents, using a differential GPS, to sub meter accuracy.

·; Re-assaying Au and Ag grades for a selected representative portion of the samples at a different laboratory with appropriate QAQC.

·; Completion of metallurgical test work to determine the potential mill production process flow sheets and project economics.

CSA completed a review of the results of this work and has updated the 2010 MRE accordingly. The updated MRE presented in Table 1 is classified as Measured with 1.286 Million tonnes of tailings material at 1.65 g/t Au and 33.5 g/t Ag, which contains 68,000 ounces of gold and 1.385 million ounces of silver as in-situ metal. The MRE has been classified according to the standards defined in the JORC code (2004 edition).

Table 1. Migori Tailings Measured Mineral Resource Estimate as at 13th October, 2011

Tonnes

Au g/t

Ag g/t

Au Ounces

Ag Ounces

1,286,000

1.65

33.5

68,000

1,385,000

Note: The resource is estimated using no gold grade cut-off. Appropriate top cuts have been applied.

All figures are rounded to reflect the appropriate levels of confidence.

 

The difference between the current 2011 MRE and the previous 2010 MRE are due to the following changes:

1. A more accurate volume survey of the tailings dam, which resulted in a 10% reduction in tonnage, from 1.424 million tonnes to 1.286 million tonnes.

2. Inclusion of additional assay data from the adjacent smaller tailings dam resulting in a minor increase in average Au grade, from 1.64 g/t to 1.65 g/t.

3. Re-assaying of a representative sample of the original drill hole sample data with appropriate QAQC for both Au and Ag allowing CSA to estimate the Ag grade for the resource.

As a result of this work the confidence in the Au grade, the original assay results and the contained volume of the tailings dam has been significantly increased. When combined with the positive results from the metallurgical test work, CSA has upgraded the MRE classification from Indicated to Measured.

Competent Person Statement

The information in this release relates to in-situ Mineral Resources based on information compiled by Mr Malcolm Titley of CSA Global (UK) Ltd. He is a member of the Australasian Institute of Mining and Metallurgy and has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as a competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code) and is a "Qualified Person" as defined in the Note for Mining and Oil & Gas Companies, June 2009, of the London Stock Exchange. The Qualified Person has verified the data disclosed in this release, including sampling, analytical and test data underlying the information contained in this release.

Mr Titley consents to the inclusion of such information in this release in the form and context in which it appears. 

 

Enquiries:

 

Andrew Bell

020 7402 4580 or

07766 474849

Red Rock Resources plc

Chairman

 

Sandra Spencer

020 7402 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
 
END
 
 
MSCEAXEDFLXFFFF
Date   Source Headline
5th Aug 20207:00 amRNSChange of Name
14th Jul 20206:09 pmRNSDirector/PDMR Shareholding
14th Jul 20207:00 amRNSMambare: Warden's Hearing
13th Jul 20207:00 amRNS2020 Exploration programme - Dempster Vanadium
29th Jun 20207:00 amRNSNotice of Investor Q&A Session
19th Jun 20207:00 amRNSAcquisition, Fundraising and TVR
4th Jun 20204:42 pmRNSSecond Price Monitoring Extn
4th Jun 20204:37 pmRNSPrice Monitoring Extension
15th May 20202:23 pmRNSTR-1: Notification of Major Interest in Shares
1st May 20203:21 pmRNSTotal Voting Rights
30th Apr 202011:33 amRNSHolding(s) in Company
21st Apr 20201:25 pmRNSIssue of Shares and Directors' Dealings
7th Apr 202012:04 pmRNSNickel Deposit Debt Acquisition, Funding and TVR
7th Apr 20207:00 amRNSMambare Project - Resolution of Partner Dispute
27th Mar 20207:00 amRNSHalf-year Report
3rd Mar 20207:00 amRNSFlexible Grid Solutions application submitted
10th Feb 20203:45 pmRNSHolding(s) in Company
7th Feb 20203:03 pmRNSHolding(s) in Company
7th Feb 20202:54 pmRNSPartial Release of Lock-in
3rd Feb 20205:35 pmRNSHolding(s) in Company
31st Jan 20202:04 pmRNSResult of AGM
31st Jan 20207:20 amRNSInvestor presentation, Directors' Dealings and TVR
31st Jan 20207:00 amRNSDivision Rebranding
22nd Jan 20207:00 amRNSMambare Project Update
9th Jan 202010:02 amRNSHolding(s) in Company
6th Jan 20202:06 pmRNSHolding(s) in Company
3rd Jan 20201:36 pmRNSCompletion of Partner Buy-out
31st Dec 201911:01 amRNSHolding(s) in Company
30th Dec 201910:23 amRNSHolding(s) in Company
24th Dec 20197:00 amRNSDirector/PDMR Shareholding
23rd Dec 20192:02 pmRNSResult of GM, Board Changes, Consolidation & TVR
23rd Dec 20197:35 amRNSEnergy Storage MOU
20th Dec 20197:00 amRNSFinal Results
19th Dec 20197:00 amRNSEnergy Storage - Partner Buyout
18th Dec 20193:16 pmRNSShare Consolidation and Fundraising
12th Dec 20196:08 pmRNSHolding(s) in Company
5th Dec 20197:00 amRNSBoard Changes,Fundraising,Debt Restructuring
19th Nov 20193:50 pmRNSHolding(s) in Company
20th Sep 20194:15 pmRNSAllied Energy Services Exclusivity Agreement
20th Sep 20193:47 pmRNSHolding(s) in Company
20th Sep 201912:58 pmRNSHolding(s) in Company
12th Sep 20197:00 amRNSDirectorate Change
24th Jul 20197:00 amRNSResults of Strategic Review
22nd Jul 20197:00 amRNSRefinanced Loan Agreement
9th Jul 20197:00 amRNSUpdate on Metallurgical Coal Interests
24th Jun 20197:00 amRNSDirectorate Change
18th Jun 20197:45 amRNSUpdate on EsTeq Investment
15th May 20192:05 pmRNSSecond Price Monitoring Extn
15th May 20192:00 pmRNSPrice Monitoring Extension
3rd May 20192:10 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.