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Migori: Sample Results from the Macalder Gossan

24 Jun 2010 14:00

RNS Number : 1973O
Red Rock Resources plc
24 June 2010
 

RED ROCK RESOURCES PLC

 

Migori:Sample Results from the Macalder Gossan

Dated: 24 June 2010

Red Rock Resources ("Red Rock" or the "Company") announces new results for samples obtained from prospecting of the Macalder gossan in April 2010. Following the water issues encountered during the RC drilling of the gossan earlier this year, 35 hand-grab samples were collected from underground workings, put in place by the artisanal workers in the area. Results indicate that there are significant grades of easily recoverable gold in this body.

Results:

12 Samples

1 to 5 g/t Au

 

14 Samples

5 to 20 g/t Au

 

1 Sample

35.8 g/t Au

The Macalder gossan body, developed through long-term oxidation of the massive sulphide ores, was not fully exploited during commercial mining of the deposit, and much of it remains in-place to this day. It is currently being worked on a small scale by local artisanal workers. Their underground workings were used to collect 35 grab samples from the full strike-length of the body, the analytical results from which are presented here (figure 1).

Figure 1:

http://www.rns-pdf.londonstockexchange.com/rns/1973O_-2010-6-24.pdf

Historical sections indicate that the body averages around 6m in thickness and extends to 30m depth where there is an abrupt contact with the underlying sulphide mineralisation. Systematic exploration of this body is an outstanding question; the ground is in places unstable for access by drilling equipment, and the presence of underground workings carries the risk of equipment loss. The body is worthy of further exploration effort and may merit a small open operation.

The gossan body lies in the immediate vicinity of the Macalder tailings impoundment, the subject of a separate evaluation, and as such is amenable, in logistical terms, to exploitation simultaneously with the tailings materials. Mains electricity is available from Macalder town, some 500m to the east, and a year-round water supply is present 500m to the west of the gossan body.

The technical information in this announcement has been reviewed and approved for release by Helen Salmon, BSc(Hons) a geologist working for the Company, a Fellow of the Geological Society and a Member of the Mineralogical Society.

For further information contact:

Andrew Bell

0207 402 4580 or 07766 474849

 

Red Rock Resources plc

Chairman

Peter Trevelyan-Clark/ Ben Jeynes

 

020 7444 0800

Religare Capital Markets

Nominated Adviser

Nick Emerson

 

01483 413500

Simple Investments Ltd

Broker

Ron Marshman/ Justine James

020 7011 9411

City of London PR

Public Relations

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

 

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