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Kenya Exploration Update

30 Mar 2011 16:46

RNS Number : 9506D
Red Rock Resources plc
30 March 2011
 



RED ROCK RESOURCES PLC

 

Kenya Exploration Update

 

Dated: 30 March 2011

 

 

 Migori project, Kenya

 

Red Rock Resources plc ("Red Rock" or the "Company"), the gold mining and exploration company with projects in Kenya, Costa Rica and Colombia, and interests in steel feed and uranium, announces drilling updates for the Migori gold project in SW Kenya.

 

To date, a total of 2,259 metres of diamond coring and 1,367 metres of reverse circulation (RC) drill holes have been drilled on the Migori licences. There are currently four contractors engaged to complete a combination of resource infill diamond and reverse circulation drilling on resource prospects in the western licence (SPL122) and exploratory, scout drilling on previously unexplored targets (in the eastern licence, SPL202). A fifth contractor has recently mobilised to site and air core drilling is expected to commence over the coming week to obtain soil samples for geochemical sampling in areas where bedrock exposure is limited.

 

The completed metres cover the Gori Maria and Kakula/Kalange (KKM) prospects (which currently have a combined indicated resource estimate of 30.7 million tonnes containing 920,000 oz Au). On completion of the KKM drilling, the MK and Nyanza prospects will be drilled. Two scout holes have been drilled into the Nyabisawa banded iron formation target totalling 250 metres. Drilled diamond core and RC chips are currently being logged and sampled and the Mikei camp and results for the first sample batches are expected in early May.

 

Figure 1 - Migori Project, SW Kenya: simplified geological map

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/9506D_1-2011-3-30.pdf 

 

Trenching has been underway at the VTEM conductor 2 target with 6 trenches being dug to examine the lithology and structure of the region. A drill programme to test the source of the VTEM anomaly is currently being prepared based on the additional geological information provided from the trenching programme.

 

Final processing of the VTEM and magnetic/radiometric data is expected to be completed later this week. Results are expected to allow the Macalder VTEM target (conductor 1) drilling programme to be finalised and for new potential targets to be delineated from the magnetic/radiometric data. Results from stage 2 of the metallurgical test work on the Macalder tailings are expected at end-April.

 

Other

 

Elsewhere, Ascot Mining plc, in which Red Rock has a significant investment, and to which it has seconded an engineering consultant, today announced an operations update which may be viewed at http://www.plus-sx.com/newsItem.html?newsId=1140900

 

In Colombia, where the Company has taken a 51% stake in Mineras Four Points SA, the process of re-organising management and operations as we build up production continues. An update will be issued shortly.

 

The technical information is this release has been reviewed and approved for release by Helen Salmon, BSc(Hons), a geologist working for the Company, a Fellow of the Geological Society and a Member of the Mineralogical Society.

 

Enquiries:

Andrew Bell

0207 402 4580 or

07766 474849

Red Rock Resources plc

Chairman

 

Sandra Spencer

0207 402 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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