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Market Cap: £2.20m
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Update

9 Oct 2013 16:40

RNS Number : 1470Q
Red Rock Resources plc
09 October 2013
 

9 October 2013

Red Rock Resources plc

("Red Rock" or the "Company")

Update

 

Red Rock Resources Plc, the mining and exploration company with an iron ore project in Greenland, a producing gold mine in Colombia, and advanced gold and copper exploration in Kenya, announces an update on operations and developments.

Greenland

Further to the Company's announcement on 20 September 2013 in relation to an offer by a third party for a controlling interest in Nama Greenland Limited, a company 60% owned by Red Rock (the "Offer"), the Company has been advised that the transaction is now progressing towards the execution of all the relevant documentation with the Investor. Further announcements will be made in due course.

Colombia

 

The potential buyer has now visited the mine and the Company's management expect to receive an offer for the asset. Meanwhile the Company has received additional expressions of interest, and a good level of production is being maintained. A drill has arrived on site at El Limon preparatory to a drill programme to establish potential resource and exploration areas.

 

Kenya

 

Work is beginning on a Scoping Study on the MK and Nyanza areas of the Mikei Gold Project at Migori, Kenya. This work will provide management with the detail on which a decision to prioritise one area for advanced feasibility can be made.

 

 

Enquiries:

Andrew Bell

020 747 9990 or

07766 474849

Red Rock Resources plc

Chairman

 

 

 

 

Colin Aaronson, David Hignell & Ed Thomas

020 7383 5100

Grant Thornton

UK LLP

 

Nominated Adviser

 

Nick Emerson

01483 413500

SI Capital Limited

AIM Broker

 

 

 

 

Guy Wheatley

020 7382 8416

Beaufort Securities Ltd

Joint Broker

 

 

 

 

Rupert Trefgarne

020 3128 8817

MHP Communications

Media Relations

 

 

 

 

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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