www.rrrplc.com
Red Rock Resources Plc is a mineral exploration company focused on the discovery and development of gold, uranium and other minerals. The Company through its sale of assets to Jupiter Mines Ltd on the ASX, of which it remains a significant shareholder, is also committed to the pursuit through Jupiter of an active 'steel feed' strategy for consolidating large scale interests in iron ore, manganese, and prospectively coal.
Red Rock in pursuit of its goals follows varying strategies, operating through exploration for, and exploiting of, mineral deposits; through the acquisition and disposal of interests in actual or potential mineral deposits or companies holding them in exchange for cash, securities, or royalty and other deferred interests; through buy-in agreements and joint ventures with such companies; and through public offerings of securities in subsidiary or associate companies. Red Rock Resources (AIM: RRR) listed on London’s AIM market in July 2005.
The principal operational focus of the Company in 2011 is its gold assets in Kenya and gold investment in Colombia.
Red Rock Resources receives 2007 Migori drilling results, latest samples to undergo assaying
Iron ore focused investor Red Rock Resources (AIM: RRR) said samples from a percussion drilling programme at its Migori gold project in Kenya are being prepped for ICP (inductively coupled plasma) analysis and gold and base metal assaying at the laboratory in Mwanza, while samples from reverse circulation (RC) drilling completed in late 2009 and early 2010 are being prepared for transportation to the laboratory to undergo an assay. The company has also received results from 2007 drilling at Migori.
The percussion drilling was carried out in late 2009 to test the remnant mineralisation of the Macalder tailings with 32 holes drilled in December 2009, followed by 100 metres of infill drilling in January 2010. Following the assay, some of the samples will be sent to Perth for metallurgical analysis and leach tests.
The RC drilling campaign included eleven holes were drilled at four main targets across both licence areas, SPL122 and SPL202. In the western licence (SPL122) four holes were drilled at the Macalder gossan and two at Gori Maria, and in the eastern licence (SPL202), four holes were drilled at Carlos Far West (Mwiro) and one at Nyabisawa.
The main finding during the logging exercise was the presence of hydrothermal material in the vicinity of the sulphidic BIF unit intersected in the hole at Nyabisawa.
The last five cores from the diamond drilling programme by Kansai Mining Corp in 2007 were logged and sampled and sent to Mwanza for analysis in January 2010 and the results were received in February 2010. The results from holes MD32-36 included intersections of 4 metres at 1.06 g/t (grammes per tonne) gold, 4 metres at 1.03 g/t gold, 5 metres at 0.98 g/t gold, 1 metre at 1.05 g/t gold, 6 metres at 0.92 g/t gold and 1metre at 1.09 g/t gold. Grades in these five holes ranged to up to 4.15 g/t gold.
The data will be combined with the result from the current exploration programme to generate an up-to-date NI43-101 compliant revision of the resource estimate.
The company commenced a trenching programme at the Mirema prospect to locate the source of the gold in the artisanal deposits downstream.
Red Rock has recently upped its stake in Kansai, which owns the rights to the Migori gold project, to 35.2% to become the largest shareholder shortly after announcing its intention to enhance exposure to the Migori gold belt.
Migori comprises two contiguous special prospecting licenses, SP202 and SP122, covering an area of 310.5 square kilometres and situated in south western Kenya approximately 290 kilometres west of Nairobi.
