Last checked at 28 Jan 2011 08:02
RED ROCK RESOURCES PLC
Announcement by Resource Star Ltd
Drilling results - Livingstonia
Dated: 28 January 2011
Red Rock Resources plc ("Red Rock" or the "Company"), the gold mining and exploration company with projects in Kenya and Colombia, and interests in steel feed, uranium, and rare earths reports the results of the drill programme at the Livingstonia uranium prospect in Malawi conducted by its 24.9% owned associate Resource Star Ltd (ASX:RSL)("RSL") - which were announced by RSL to the Australian Stock Exchange today.
Drilling on the sandstone-hosted redox uranium project included 13 holes for more than 1,500m of drilling, with all but one of the holes being mineralised.
Results of the 13 holes are given, and include:
- 11.80m @ 517ppm eU3O8 - 21.65m @ 306ppm eU3O8
incl. 2.15m @ 1,546ppm eU3O8 incl. 8.70m @ 552ppm eU3O8
- 33.95m @ 338ppm eU3O8 - 22.85m @ 225ppm eU3O8
incl. 12.10m @ 575ppm eU3O8 incl. 2.70m @ 937ppm eU3O8
The announcement states that these results match the highest grades encountered in previous drilling and may have appreciably increased the tonnage potential, and that an intersection at more than double the width found so far, with a grade above the JORC Resource defined to date, provides encouragement.
The Livingstonia Resource is in Northern Malawi 100km southeast of Paladin's Kayalekera mine and directly south of Paladin's Chilumba license. It contains a series of interpreted northwest trending sandstone-hosted zones of stronger uranium mineralization. An initial JORC Inferred Resource of 4.58m lbs U3O8 at 270 ppm grade was announced by RSL on July 15 2010. Livingstonia is held under a joint venture with Globe Metals and Mining Ltd under which RSL manages work and earns up to 80% equity.
The full text of the announcement by RSL to the Australian Stock Exchange is available on the following link:
http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=RSL
Enquiries:
Andrew Bell | 0207 402 4580 or 07766 474849
| Red Rock Resources plc | Chairman
|
Sandra Spencer | 0207 402 4580 or 07757 660 798
| Red Rock Resources plc | Public and Investor Relations |
Peter Trevelyan-Clark/ Ben Jeynes
| 020 7444 0800 | Religare Capital Markets | Nominated Adviser |
Nick Emerson | 01483 413500 | Simple Investments Ltd | Broker |
Updates on the Company's activities are regularly posted on its website, www.rrrplc.com.