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
0.027    0.00 (0.00%)
Bid:
0.021
Ask:
0.033
Spread: 0.012 (57.143%)
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
29th Jul 20102:25 pmRNSUpdate
7th Jul 201011:58 amRNSIssue of Equity
6th Jul 20101:50 pmRNSRe Jupiter Mines Limited
5th Jul 201010:48 amRNSColombia Update
30th Jun 20103:00 pmRNSTotal Voting Rights
28th Jun 20106:05 pmRNSDirector/PDMR Shareholding
25th Jun 20109:47 amRNSDirector/PDMR Shareholding
24th Jun 20102:00 pmRNSMigori: Sample Results from the Macalder Gossan
22nd Jun 201010:18 amRNSFurther re Jupiter Mines Limited
21st Jun 20109:51 amRNSJupiter update
15th Jun 201012:25 pmRNSDirector/PDMR Shareholding
10th Jun 201012:04 pmRNSFunding and Co-Operation Agreement, Colombia
1st Jun 20105:52 pmRNSIssue of Equity
18th May 20107:00 amRNSExploration Update Migori
28th Apr 20105:32 pmRNSLoan Agreement
26th Apr 20107:00 amRNSDrilling Update: Migori
31st Mar 20103:00 pmRNSTotal Voting Rights
31st Mar 20107:00 amRNSHalf Yearly Report
30th Mar 201012:25 pmRNSCompletion of Acquisition and Issue of Equity
16th Mar 201010:01 amRNSResource Star Limited - Joint Venture
15th Mar 20107:00 amRNSMigori Update
1st Mar 20107:52 amRNSTotal Voting Rights
1st Mar 20107:41 amRNSRE Jupiter Mines Limited and Resource Star
25th Feb 201010:35 amRNSResource Star Reinstated to ASX
25th Feb 20107:00 amRNSRe: Jupiter Mines
19th Feb 201010:43 amRNSUpdate on Resource Star Share Offer
9th Feb 20107:00 amRNSIssue of Equity
3rd Feb 20107:00 amRNSAnnouncement re Pallinghurst Resources
1st Feb 20105:20 pmRNSOption Exercise, Director Dealing
29th Jan 20102:15 pmRNSTotal Voting Rights
29th Jan 20102:00 pmRNSOption Exercise, Director Dealing
22nd Jan 20102:42 pmRNSIssue of Equity
22nd Jan 20101:49 pmRNSUpdate on Resource Star Share Offer
22nd Jan 201012:49 pmRNSExercise of Options
14th Jan 20107:00 amRNSUpdate on Migori and Resource Star Limited
4th Jan 20103:00 pmRNSTotal Voting Rights
23rd Dec 200912:46 pmRNSAGM Statement
14th Dec 20097:00 amRNSIssue of Equity
10th Dec 20097:00 amRNSJupiter Mt Ida Update
9th Dec 200911:42 amRNSJupiter Sampling Results
3rd Dec 20097:00 amRNSAcquisition of Further Migori Interest
30th Nov 20094:32 pmRNSTotal Voting Rights
30th Nov 20094:16 pmRNSEquity issue, further re Migori and Jupiter
26th Nov 200912:42 pmRNSMigori and RSL update
25th Nov 200911:57 amRNSResource Star Ltd announcement
24th Nov 200911:55 amRNSFinal Results for the year ended 30 June 2009
20th Nov 20095:44 pmRNSHolding(s) in Company
20th Nov 20097:00 amRNSIssue of Equity
16th Nov 20095:37 pmRNSIssue of Equity
13th Nov 20094:46 pmRNSUpdate on Mid Migori

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.