Migori and RSL update

RNS Number : 1491D

Red Rock Resources plc

26 November 2009

 

RED ROCK RESOURCES PLC

Migori and Resource Star Limited Update

Dated: 26 November 2009

Red Rock Resources plc ("Red Rock" or the "Company") the mining exploration and development company focussed on advancing iron ore, manganese, gold and uranium projects in Australia and East Africa, announces that mobilisation of the first reverse circulation rig on site at the Migori greenstone belt in Kenya, on the northern part of the Tanzanian craton, is now expected on 7 December 2009. As announced on 17 September 2009, Red Rock currently has an interest of 15 per cent. in the issued share capital of Mid-Migori Mining Company Ltd ('MMM'), a company incorporated in Kenya which owns the beneficial title and mining rights to the Migori Gold Project and may acquire up to a total of 60 per cent of the issued share capital of MMM.

This rig will initially drill close-spaced holes to delineate the remaining gossanous areas of the old Macalder volcanic massive sulphide mine.  

At the same time a diamond rig will be moved on site and will initially drill close-spaced auger holes on the tailings of the old Macalder mine.

The Company has obtained from the literature, most dating from twenty to fifty years ago, figures giving detailed resource, grade, and recoverability estimates for the gossan and tailing areas, but the evidence for these numbers is not available for verification and the calculations were made before adoption of the modern mineral codes. These codes set standards for recording and handling of data, core, and samples which it is not possible to be sure were met in earlier resource estimates, and therefore until this confirmatory work is carried out, Red Rock is unable to use most of this data or make appropriate resource claims in public announcements or feasibility studies.  

The Company's purpose in the current programme is to increase and upgrade the NI 43-101 compliant Indicated Resource base of 1,172,000 oz of gold, and to identify areas of surface or near-surface mineralization capable of supporting an immediate production decision.

In addition to normal sampling, the Company needs to re-test the mineral, physical, and metallurgical properties of the ore to assess recoverability and the likelihood of mineralization being economic.

Mapping, logging, data capture, trenching and drill site preparation will simultaneously be carried out on other parts of the license area and in the adjoining optioned areas at Ngira-Migori.

Red Rock also announces that its 24.4 per cent. owned Australian associate company, Resource Star Ltd, a uranium and rare earth explorer, has on 25 November 2009 filed a Prospectus for relisting with the Australian Securities and Investments Commission (ASIC) and the Australian Securities Exchange (ASX), with an offer to raise up to A$5,000,000. The indicative date for closing of the offer is 23 December 2009 and the indicative date for relisting on the ASX is 15 January 2010.

Enquiries:

Red Rock Resources plc
Andrew Bell, Chairman	0207 402 4580/07766 474849
John Watkins	07768 512404
Nominated Adviser
Blomfield Corporate Finance Ltd
Peter Trevelyan-Clark/Ben Jeynes	020 7444 0800
Broker
Simple Investments Ltd
Nick Emerson, Renato Rufus	01483 413500
Public Relations
Lothbury Financial Limited
Ron Marshman	020 7011 9411

Updates on the Company's activities are regularly posted on its website, www.rrrplc.com.

 

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