Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRed Rock Resources Regulatory News (RRR)

Share Price Information for Red Rock Resources (RRR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.05
Bid: 0.045
Ask: 0.055
Change: 0.00 (0.00%)
Spread: 0.01 (22.222%)
Open: 0.05
High: 0.05
Low: 0.05
Prev. Close: 0.05
RRR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Replacement: exploration results at Luanshimba

21 Dec 2018 10:33

RNS Number : 2720L
Red Rock Resources plc
21 December 2018
 

 

The following announcement replaces the announcement "Exploration Results at Luanshimba" published at 15.55 on 20/12/18 with number 1783L which did not contain links to Figures 1 and 2. All other text remains the same.

 

 

Red Rock Resources PLC

("Red Rock" or the "Company")

Exploration Results at Luanshimba

 

 

21 December 2018

Red Rock Resources Plc, the natural resource development company with interests in gold, manganese and minerals, announces the results of the soil sampling programme on license PR13513 in the Copperbelt in the south of the Democratic Republic of Congo ("DRC") 65 km SE of Lubumbashi and near the Zambian border. The license is considered prospective for copper and cobalt mineralisation, and the commencement of the exploration was announced on 17 October 2018.

Red Rock owns 80% of the Luanshimba Project (license PR13513).

The tenement is situated along a disrupted anticline with highly prospective undifferentiated Roan sediments draping off a nearby basement dome, similar to some other productive Cu-deposits in the immediate area (Figure 1).

Figure 1: Regional Geological map of the Luanshimba Project 

http://www.rns-pdf.londonstockexchange.com/rns/2720L_1-2018-12-21.pdf

A comprehensive termite mound sampling programme combined with reconnaissance geological mapping was conducted over an area underlain by prospective Roan Group sediments. 452 samples were collected on a 100x100m grid, and then split, with one batch sent to ALS Laboratories in Johannesburg while the other was retained for XRF analysis.

Building on a recent regional aeromagnetic and soil sampling survey by a former ground holder, Red Rock has now identified as a result of the programme 2 strongly anomalous areas that are open-ended:

· In the southern part of the licence, a 2km long anomaly up to 500m wide striking ENE, (Trend A), follows carbonaceous shale and silicified dolomite into the nose of a disrupted anticline underlain by known Upper Roan silicified dolomite and carbonaceous shale adjacent oxidised sandstone.

 

· Anomalous metal assays with peak values of 519ppm Cu and 425ppm Co corroborate and exceed the XRF values and are partly coincident with above average contents of pathfinder elements Bi and V. Given the regionally low background, these results are considered indicative of likely Cu-Co mineralisation at depth.

 

· Occasional outcrops reveal limonitic coatings and tiny cavities after sulphides along with occasional malachite that also explain the occurrence of copper-tolerant flora.

 

· The northern anomaly, (Trend B), a SE- striking copper-cobalt anomaly some 1,400m by 300m wide, while more subdued, is still significant as it clearly mimics the regional metalliferous stratigraphic and structural trend.

Figure 2 Copper anomaly map overlaid on the RTP magnetic image

http://www.rns-pdf.londonstockexchange.com/rns/2720L_2-2018-12-21.pdf

These encouraging results confirm the favourable geological configuration and Red Rock consultants Minex Consulting SARL have recommended a ground geophysical survey and pitting or trenching over selected areas, possibly to be followed up by RC drilling.

Red Rock Chairman Andrew Bell comments: "The promising results obtained from initial exploration in this favourable geological setting suggest the presence of copper and cobalt mineralisation at depth, and further work will be carried out. Should pitting results confirm the prospectivity, we would expect to move on to a RC drill programme."

Competent Person Statement

The technical and related information in this report relates to exploration results based on information from third parties and data compiled by Steffen Kalbskopf Pr.Sci.Nat, FGSSA and Barry Kazadi (MSc), Pr.Sc.Nat, MGSSA. who are members of the South African Council for Natural Scientific Professions. Mr. Kalbskopf and Mr Kazadi have sufficient experience in the style of mineralisation and type of deposit under consideration. Mr. Kalbskopf and Mr Kazadi consent to the inclusion in this announcement of the matters based on their information in the form and context in which it appears. Mr Kazadi is a managing Director of Mineral Exploration Associates SARL Consultants (Minex Consulting) to the Company. Mr Kalbskopf is a self-employed consultant and managing director of Hidden Treasure Consulting and a senior associate of Minex Consulting, both independent of Red Rock.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990 Director Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited

Jason Robertson 0207 374 2212 Broker First Equity Limited  

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
UPDBFLFLVLFLFBQ
Date   Source Headline
6th May 20224:03 pmRNSIssue of Equity, Director/PDMR Holdings, TVR
6th May 20221:33 pmRNSLithium Update
29th Apr 20227:00 amRNSHalf-year Report
12th Apr 20222:00 pmRNSUpdate on Gold Exploration in Victoria
7th Apr 20224:41 pmRNSSecond Price Monitoring Extn
7th Apr 20224:36 pmRNSPrice Monitoring Extension
31st Mar 202211:31 amRNSResult of AGM
31st Mar 202210:27 amRNSLithium Subsidiary Established, Assets Acquired
24th Mar 20227:00 amRNSAsset Review and Interims Update
22nd Mar 20227:00 amRNSMikei Gold Project - Drill Programme Assay Results
14th Mar 20226:22 pmRNSDirector/PDMR Shareholding
7th Mar 20224:05 pmRNSNotice of AGM
15th Feb 20224:41 pmRNSSecond Price Monitoring Extn
15th Feb 20224:36 pmRNSPrice Monitoring Extension
15th Feb 20222:06 pmRNSSecond Price Monitoring Extn
15th Feb 20222:01 pmRNSPrice Monitoring Extension
15th Feb 202212:52 pmRNSCopper and Cobalt Drilling in DRC
4th Feb 20227:00 amRNSAsset Review and Current Developments
28th Jan 20227:00 amRNSIssue of Equity, Exercise of Options, TVR
25th Jan 20227:00 amRNSOption Exercise, Directors' Dealings and TVR
19th Jan 20227:00 amRNSJudgement for Damages Obtained in DRC
7th Jan 20227:00 amRNSKenya Exploration Update
6th Jan 202211:26 amRNSLicences obtained at Bilbale and Boulon
6th Jan 20227:00 amRNSDRC Update
29th Dec 202112:21 pmRNSFinal Results
15th Dec 20217:00 amRNSDrilling starts in Victoria, Grant of New Licence
8th Dec 20217:00 amRNSKenya Exploration Update
7th Dec 202111:00 amRNSUpdate on Australian Joint Venture Subsidiary
16th Nov 20217:00 amRNSSummary of Gold Exposure
16th Nov 20217:00 amRNSDRC Projects Update
28th Oct 20219:54 amRNSHolding(s) in Company
28th Oct 20219:00 amRNSPrice Monitoring Extension
18th Oct 20219:44 amRNSLicence applications by Cote d'Ivoire subsidiary
11th Oct 20217:00 amRNSDRC Project - interim update
29th Sep 20217:00 amRNSInvestments Update
21st Sep 20214:11 pmRNSUpdate on Power Metal Resources and Australian JV
16th Sep 20213:40 pmRNSRRAL - historic mine workings, Victoria, Australia
16th Sep 202112:11 pmRNSPrice Monitoring Extension
16th Sep 202112:10 pmRNSSecond Price Monitoring Extn
16th Sep 20217:00 amRNSKenya Exploration Update
15th Sep 20214:41 pmRNSSecond Price Monitoring Extn
15th Sep 20214:36 pmRNSPrice Monitoring Extension
10th Sep 20211:45 pmRNSCompany Broker
27th Aug 20219:26 amRNSHolding(s) in Company
13th Aug 202111:05 amRNSSecond Price Monitoring Extn
13th Aug 202111:00 amRNSPrice Monitoring Extension
12th Aug 202110:52 amRNSDirector/PDMR Shareholding
10th Aug 20216:23 pmRNSKenya Exploration Update
9th Aug 202110:55 amRNSDRC Copper-Cobalt project - drilling update
9th Aug 20217:00 amRNSAustralian Gold Joint Venture update

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.