Red Rock Resources Regulatory News (RRR)

3 Nov 2005 07:02

Red Rock Resources plc03 November 2005 RED ROCK RESOURCES PLC Exploration Update Dated: 3 November 2005 Red Rock Resources plc ("Red Rock" or the "Company") the mineral exploration anddevelopment company focussed on advancing iron ore, gold and uranium projects inWestern Australia, Tasmania and the Northern Territory of Australia announces anupdate on exploration of it's recently acquired portfolio of gold, uranium andiron ore projects in the Northern Territory. Highlights • Preliminary sampling of the historical YMCA No 2 uranium prospect south east of the Edith River rail siding within granted EL 23568; • Preliminary sampling of an old abandoned uranium shaft on the north bank of the Fergusson River 400 metres east of the Stuart Highway within granted EL23568; • Reconnaissance assessment of the Woolgni Goldfield within granted EL 23569 prior to a detailed study of past exploration results; and • Reconnaissance assessment of the Tower gold prospect east of Woolgni within granted EL23569 in preparation for a fast track exploration program. Uranium Preliminary sampling was carried out on the YMCA No 2 uranium prospect which wasdiscovered in 1952 and was the subject of limited drilling in 1954. Sampling was also carried out on the dumps of an old shallow uranium shaftsituated on the north bank of the Fergusson River. Access to a number of other uranium occurrences on both tenements was notpossible due to washed out and overgrown tracks. A program to restore access tothe many uranium occurrences within our tenements will be the first priority inour ongoing uranium exploration program. Assay results from present sampling should be available in several weeks. Gold A complete reconnaissance over the Woolgni Goldfield with its many adits, oldmines and historical costeaning and drilling was conducted. It is now planned tocollate all historical data prior to determining the most appropriateexploration program to advance this project. To the east of Woolgni next to the sealed Stuart Highway the little publicisedTower gold prospect was investigated. This is a large gold anomaly that recordedgold from rock chip samples up to 31.1 g/t. There is evidence of considerablecosteaning and pitting on the anomaly but no drilling has ever been conducted. The Tower prospect is a high priority gold target which will be drilled early in2006 after the monsoonal season. Within a 50 km distance there is a 2.5 m/t perannum CIP plant. Assay results of sampling of Woolgni and the Tower prospect are also expectedwithin several weeks along with the uranium results. Enquiries: Andrew Bell 07766 474849 Red Rock Resources plc Chairman John Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser Ron Marshman / John 020 7628 5518 City of London PR Limited Public RelationsGreenhalgh This information is provided by RNS The company news service from the London Stock Exchange