The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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
17th Sep 20143:06 pmRNSHolding(s) in Company
5th Sep 20147:00 amRNSSudan Project Update - Area extensions granted
4th Sep 20142:00 pmRNSIncrease in Horse Hill Acreage Holding
3rd Sep 20147:00 amRNSDrilling begins at Horse Hill
1st Sep 20147:00 amRNSChange of Adviser
29th Aug 20144:08 pmRNSResult of General Meeting and Placement of Shares
26th Aug 201411:46 amRNSSudan Project Update - Jebel Abyad ASTER Study
12th Aug 20147:00 amRNSPlacement of Shares
11th Aug 201411:55 amRNSChange of Broker
6th Aug 201412:31 pmRNSUpdate on Horse Hill Prospect
21st Jul 20147:00 amRNSUpdate on Horse Hill
11th Jul 20147:00 amRNSInvestment in UK Onshore Oil and Gas Prospect
26th Jun 20144:24 pmRNSSale of Ram Resources Shares
23rd May 20145:32 pmRNSNew Licence Applications and Ram Resources Shares
21st May 201411:36 amRNSRam Resources Tenement Update and Company Update
14th May 20142:32 pmRNSPlacement of Shares
2nd May 20141:07 pmRNSHolding(s) in Company
14th Apr 20147:00 amRNSRam Resources - successful close of funding
8th Apr 20146:29 pmRNSIssue of shares under SIP and Directors' Dealings
27th Mar 20147:00 amRNSInterim Results
26th Mar 20141:27 pmRNSReplacement - Holding(s) in Company
11th Mar 201411:23 amRNSResult of General Meeting
3rd Mar 201412:16 pmRNSHolding(s) in Company
28th Feb 201410:02 amRNSConvertible Bond Conversion
26th Feb 20141:43 pmRNSRam Resources raises AUD 1.5m for exploration
25th Feb 20143:59 pmRNSSudan Project Update
20th Feb 20144:31 pmRNSNotice of General Meeting
17th Feb 20145:52 pmRNSRam Resources launches Fraser Range North Project
17th Feb 201411:59 amRNSDirect Nickel - Demonstration Programme Update
29th Jan 20144:05 pmRNSUpdate - Ram Resources Ltd
27th Jan 20143:29 pmRNSConvertible Bond Conversion
17th Jan 20145:45 pmRNSDirect Nickel - Commencement of Feasibility Study
30th Dec 20132:31 pmRNSResult of AGM
23rd Dec 201312:16 pmRNSIssue of Shares under Share Incentive Plan
18th Dec 201311:35 amRNSSudan Update and Issue of Equity
6th Dec 20137:00 amRNSFindings from Sudan and Ram Resources & DNi update
2nd Dec 201310:00 amRNSFinal Results
27th Nov 20132:58 pmRNSIssue of Convertible Note
18th Nov 20132:43 pmRNSResult of General Meeting
8th Nov 20134:50 pmRNSSudan Update
4th Nov 20132:19 pmRNSNotice of General Meeting
1st Nov 20139:59 amRNSSudan Update - Mobilisation to Jebel Abyad
21st Oct 20134:03 pmRNSFraser West - Completion of Disposal
10th Oct 201310:57 amRNSFraser Range Project Update
3rd Oct 20133:37 pmRNSUpdate on Direct Nickel Limited - Test Plant
27th Sep 20135:21 pmRNSSudan Update, Convertible Bond & Cancel of options
9th Sep 20133:26 pmRNSConvertible Note, New Broker & Fraser Range Update
4th Sep 20134:33 pmRNSConvertible Bond Conversion
20th Aug 20137:00 amRNSIssue of Convertible Loan Note
13th Aug 20137:00 amRNSSudan update and Issue of Equity

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.