Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says.Watch 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)

Share Price is delayed by 15 minutes
Get Live Data
0.023    0.00 (0.00%)
Bid:
0.022
Ask:
0.024
Spread: 0.002 (9.091%)
Market Cap: £2.20m
RRR Live PriceLast checked at - London Stock Exchange

Intraday Red Rock Resources Share Chart

Replacement: Ivory Coast Update

25 Mar 2015 14:25

RNS Number : 4575I
Red Rock Resources plc
25 March 2015
 

The following announcement replaces the announcement "Ivory Coast Update" released at 12.18 today with RNS number 4421I which gave an incorrect link to Figure 2 - Alepe Gold Anomalies Map. The correct link is http://www.rrrplc.com/files/3014/2728/8182/Figure_2_Alepe_Gold_Anomalies_Map_2.pdf and it is now included in the announcement below. All other text remains unchanged.

Red Rock Resources Plc

("Red Rock" or the "Company")

Ivory Coast Update - Dabakala and Alepe Preliminary Gold Soil Geochemistry Results

25th March 2015

Red Rock Resources plc, the mining and exploration company with gold interests in Colombia, Kenya and Ivory Coast is pleased to provide an update on its gold and manganese exploration licenses in Ivory Coast.

 

Highlights

 

· A number of quality gold anomalies identified at Dabakala from preliminary reconnaissance soil geochemical sampling programme

· Dabakala anomalies coincident with geological and structural targets including important thrust-faulted zone that has been considered an analogy to the Tongon Gold Deposit

· Infill and extension sampling planned over Dabakala and Alepe

 

 

Ivory Coast

 

Dabakala - gold and manganese

The company is pleased to report results from 648 composite soil geochemical samples collected from the 393km2 Dabakala license in north eastern Ivory Coast.

The samples were collected by Nemex Resources in late 2013, prior to acquisition by Red Rock. The samples were collected at 100m intervals along 2km spaced lines. Adjacent sample pairs were combined into composite samples to reduce assaying costs without reducing sample integrity. CRM (Certified Reference Material) samples were inserted into the sample sequence at 5% intervals (1 CRM standard for 20 soil samples) for QAQC purposes. In total, 648 samples were sent to SGS in Yamoussoukro for preparation, then forwarded to SGS in Ouagadougou for gold and arsenic analysis.

The results show nine gold anomalies up to 385 ppb Au of which three are considered the most significant at this early stage of exploration (see Figure 1). The company is particularly encouraged by the correlation between the anomalies and underlying geological and structural features, particularly since some of the anomalies overlie packages of volcanic and sedimentary rocks neighbouring a granite that have been interpreted to be significantly thrust-faulted. The Tongon Gold Deposit in northern Côte d'Ivoire was the geological analogy proposed by Nemex Resources for this area.

Figure 1 - Dabakala Gold Anomalies Map

http://www.rrrplc.com/files/7714/2721/5021/Figure_1_Dabakala_Gold_Anomalies_Map.pdf

· Anomaly 1 - 385ppb gold in west. The anomaly occurs in a structural package of volcanics and sediments with occasional silicified units. The package extends to the west, outside of the area sampled, by a further 9km

· Anomaly 2 - 189ppb in central-north area on a geological contact between basalts and volcaniclastics

· Anomaly 3 - 151ppb gold on ridge containing banded manganese formation that is silicified in places

The company is paying careful consideration to all gold anomalies at this early stage of exploration as the surface gold concentrations are largely determined by the depth and type of regolith cover common to the region.

Red Rock is planning the next stage of exploration, likely to involve infill soil sampling or shallow auger drilling along closely spaced grids over the high priority anomalies and the significant areas extending away from the anomalies that have not yet been the subject of any sampling for logistical reasons, particularly in the western portion of the license.

The Company also intends to collect a number of grab samples along a 17 kilometre-long ridge that Nemex Resources identified as a banded manganese formation (BMF).

Alepe

As announced previously, Red Rock recently carried out a preliminary regional soil geochemical sampling programme over the eastern portion only of its 393km2 Alepe license in south-east Ivory Coast.

During the programme, 238 samples were collected at 100m intervals along 2km spaced lines, testing approximately 20% of the total license area. All samples underwent preparation at SGS Yamoussoukro, after which they were forwarded to SGS Ouagadougou for gold and arsenic analysis.

The results appear to confirm the presence of gold at Alepe, with some zones considered mildly anomalous; see Figure 2. Red Rock intends to complete sampling of the remaining, as yet untested, ~80% of the license area to build a more complete dataset before determining next steps for progressing the license.

Figure 2 - Alepe Gold Anomalies Map

http://www.rrrplc.com/files/3014/2728/8182/Figure_2_Alepe_Gold_Anomalies_Map_2.pdf

License Applications - gold

Red Rock continues to progress additional license applications currently pending with the Ivory Coast Ministry.

 

Company Chairman, Andrew Bell, comments:

"We have so far only scratched the surface with this, our first sampling programme in Côte d'Ivoire. Given the thick regolith, the compositing of samples, and the wide 2 km line spacing, we were willing to consider the slightest anomaly, even of arsenic, as justifying follow-up by detailed sampling of the vicinity, but the sampling has resulted in some anomalies that our technical team regard as excellent and that are backed-up with a solid geological and structural story. These results provide support for our move into a country and area that has not seen the application of modern-day exploration techniques but where significant potential to make a new gold discovery exists. We are indebted to Dr Peter Turner, formerly CEO of Nemex Resources Ltd, from which we acquired the Dabakala and Alepe licenses, for his invaluable advice. Although the exploration is very early-stage, we intend to make the infill and extensional sampling a high-priority activity and deliver further news to our shareholders".

For further information contact:

 

Andrew Bell 0207 747 9990 or 0776 647 4849 Chairman Red Rock Resources Plc

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

Jason Robertson 0129 351 7744 Broker Dowgate Capital Stockbrokers Ltd

Christian Pickel 0203 128 8208 Media Relations MHP Communications

 

Qualified Person's Statement

The information in this report that relates to Exploration Results is based on information reviewed by Dr Peter Turner (PhD), a qualified person as defined in the 'Guidance Notes for Mining, Oil and Gas Companies' issued by AIM, who is a Member of the Australian Institute of Geosciences (AIG). Dr Turner is a consultant geologist and has sufficient experience which is relevant to the region, the style of mineralisation under consideration, and to the activities being undertaken. Dr Turner, who is acting for Red Rock as a consultant, has reviewed the information in this announcement and consents to the inclusion of the information in the form and context in which it appears.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEALDSAFXSEFF
Date   Source Headline
24th Jan 201112:15 pmRNSExercise of Options
19th Jan 20117:50 amRNSAnnouncement re Jupiter Mines Limited
31st Dec 201012:00 pmRNSTotal Voting Rights
30th Dec 20103:11 pmRNSResult of AGM
29th Dec 201010:50 amRNSIssue of Equity
23rd Dec 20107:00 amRNSAnnual Financial Report
21st Dec 201011:00 amRNSUpdate - First Gold Production and other matters
17th Dec 20104:40 pmRNSSecond Price Monitoring Extn
17th Dec 20104:35 pmRNSPrice Monitoring Extension
14th Dec 20105:12 pmRNSIssue of Equity
14th Dec 20104:47 pmRNSSEDA and Loan
14th Dec 201012:22 pmRNSAscot Mining plc
14th Dec 20109:46 amRNSAnnouncement re Jupiter Mines Limited
13th Dec 20105:08 pmRNSAnnouncement re Resource Star Limited
13th Dec 201010:57 amRNSTwo Copper targets to be drilled at Migori
10th Dec 20101:10 pmRNSUpdate
3rd Dec 20103:19 pmRNSNotice of AGM; result of GM
1st Dec 20101:24 pmRNSUpdate on Ascot and Colombia
29th Nov 201012:21 pmRNSAscot Mining plc and Move to SETS
19th Nov 201010:34 amRNSInvestment in Ascot Mining plc - Replacement
19th Nov 20109:59 amRNSInvestment in Ascot Mining plc
17th Nov 20104:07 pmRNSUpdate and Notice of Meeting
9th Nov 20101:46 pmRNSUpdates re Colombia and Jupiter Mines
29th Oct 201011:38 amRNSTotal Voting Rights
19th Oct 201011:20 amRNSUpdate on Colombia
14th Oct 20108:46 amRNSUpdate re Jupiter Mines
11th Oct 20109:45 amRNSIssue of Equity
1st Oct 20104:41 pmRNSDirector/PDMR Shareholding
1st Oct 20103:12 pmRNSUpdate re Kansai Mining
1st Oct 20109:58 amRNSIssue of Equity
1st Oct 20109:56 amRNSDirector/PDMR Shareholding
30th Sep 20102:13 pmRNSUpdate
30th Sep 20101:22 pmRNSTotal Voting Rights
29th Sep 20107:00 amRNSIssue of Equity
28th Sep 20109:34 amRNSExercise of Options
23rd Sep 20103:38 pmRNSGrant of Options
20th Sep 20101:00 pmRNSHolding(s) in Company
17th Sep 20101:06 pmRNSLoan Agreement
14th Sep 201011:03 amRNSIssue of Equity - Replacement
14th Sep 201010:32 amRNSIssue of Equity
9th Sep 201012:41 pmRNSUpdate re Jupiter - Tshipi
31st Aug 20103:00 pmRNSTotal Voting Rights
31st Aug 20107:00 amRNSJupiter Mines Ltd - Mt Ida Magnetite Project
23rd Aug 20107:00 amRNSIssue of Equity
19th Aug 20102:24 pmRNSMigori Indicated Resource
18th Aug 20103:51 pmRNSUpdate
12th Aug 201012:42 pmRNSIssue of Equity
12th Aug 201012:41 pmRNSUpdate re Jupiter Mines
9th Aug 20103:07 pmRNSResource Star Edith River Update
30th Jul 20103:00 pmRNSTotal Voting Rights

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.