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Colombia - Gold Sales

11 Oct 2011 16:42

RNS Number : 9939P
Red Rock Resources plc
11 October 2011
 



 

 

RED ROCK RESOURCES PLC

Colombia - gold sales

 

 

Dated: 11 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, reports on gold sales in Colombia.

 

Quarter to

Ore Mined

(Tons)

Ore Processed

(Tons)

Gold Sold

(Oz)

Grade Average

(Grms/ton)

30th June 2011

3,446

3,003

406

7.9

30th September 2011

4,246

 

4,519

 

1404

 

11.9

Percentage Change

23.2%

50.5%

245.8%

50.6%

 

 

 

 

Performance at the El Limon mine has continued to improve in the third quarter of 2011. The 246% rise in gold sales is in part due to the focus on increasing the grade of the ore being mined. Improvements and upgrades at the mine and the plant have increased the efficiency of operations and further work will be carried out in the final quarter of 2011, which is expected to see further progress in production.

 

Introduction of a third daily shift at the plant allowed an average of 70 tpd of ore to be processed in September up from 52 tpd in July and 45 tpd in August.

 

Operational management has been strengthened with the key hire of a Head of Mining, a mining engineer recruited from Peru with over 30 years' experience in underground mining.

 

The month ending 30th September 2011 shows (preliminary figures and subject to revision) gold sales from the El Limon mine at 527 ounces (16.4kgs), up 2.9% from sales in August of 512 ounces (15.9 kg), and in July of 361 oz (11.2 kg). Sales of silver during the month of September 2011 were 391 ounces (12.2 kg) after 394 ounces (12.3 kg) in August and 266 ounces (8.3 kg) in July.

 

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
 
 
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