Red Rock Resources plc Exploration results at Luanshimba (1783L)
December 20 2018 - 10:55AM
UK Regulatory
TIDMRRR
RNS Number : 1783L
Red Rock Resources plc
20 December 2018
Red Rock Resources PLC
("Red Rock" or the "Company")
Exploration Results at Luanshimba
20 December 2018
Red Rock Resources Plc, the natural resource development company
with interests in gold, manganese and minerals, announces the
results of the soil sampling programme on license PR13513 in the
Copperbelt in the south of the Democratic Republic of Congo ("DRC")
65 km SE of Lubumbashi and near the Zambian border. The license is
considered prospective for copper and cobalt mineralisation, and
the commencement of the exploration was announced on 17 October
2018.
Red Rock owns 80% of the Luanshimba Project (license
PR13513).
The tenement is situated along a disrupted anticline with highly
prospective undifferentiated Roan sediments draping off a nearby
basement dome, similar to some other productive Cu-deposits in the
immediate area (Figure 1).
Figure 1: Regional Geological map of the Luanshimba Project
A comprehensive termite mound sampling programme combined with
reconnaissance geological mapping was conducted over an area
underlain by prospective Roan Group sediments. 452 samples were
collected on a 100x100m grid, and then split, with one batch sent
to ALS Laboratories in Johannesburg while the other was retained
for XRF analysis.
Building on a recent regional aeromagnetic and soil sampling
survey by a former ground holder, Red Rock has now identified as a
result of the programme 2 strongly anomalous areas that are
open-ended:
-- In the southern part of the licence, a 2km long anomaly up to
500m wide striking ENE, (Trend A), follows carbonaceous shale and
silicified dolomite into the nose of a disrupted anticline
underlain by known Upper Roan silicified dolomite and carbonaceous
shale adjacent oxidised sandstone.
-- Anomalous metal assays with peak values of 519ppm Cu and
425ppm Co corroborate and exceed the XRF values and are partly
coincident with above average contents of pathfinder elements Bi
and V. Given the regionally low background, these results are
considered indicative of likely Cu-Co mineralisation at depth.
-- Occasional outcrops reveal limonitic coatings and tiny
cavities after sulphides along with occasional malachite that also
explain the occurrence of copper-tolerant flora.
-- The northern anomaly, (Trend B), a SE- striking copper-cobalt
anomaly some 1,400m by 300m wide, while more subdued, is still
significant as it clearly mimics the regional metalliferous
stratigraphic and structural trend.
Figure 2 Copper anomaly map overlaid on the RTP magnetic
image
These encouraging results confirm the favourable geological
configuration and Red Rock consultants Minex Consulting SARL have
recommended a ground geophysical survey and pitting or trenching
over selected areas, possibly to be followed up by RC drilling.
Red Rock Chairman Andrew Bell comments: "The promising results
obtained from initial exploration in this favourable geological
setting suggest the presence of copper and cobalt mineralisation at
depth, and further work will be carried out. Should pitting results
confirm the prospectivity, we would expect to move on to a RC drill
programme."
Competent Person Statement
The technical and related information in this report relates to
exploration results based on information from third parties and
data compiled by Steffen Kalbskopf Pr.Sci.Nat, FGSSA and Barry
Kazadi (MSc), Pr.Sc.Nat, MGSSA. who are members of the South
African Council for Natural Scientific Professions. Mr. Kalbskopf
and Mr Kazadi have sufficient experience in the style of
mineralisation and type of deposit under consideration. Mr.
Kalbskopf and Mr Kazadi consent to the inclusion in this
announcement of the matters based on their information in the form
and context in which it appears. Mr Kazadi is a managing Director
of Mineral Exploration Associates SARL Consultants (Minex
Consulting) to the Company. Mr Kalbskopf is a self-employed
consultant and managing director of Hidden Treasure Consulting and
a senior associate of Minex Consulting, both independent of Red
Rock.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc
Scott Kaintz 0207 747 9990 Director Red Rock Resources Plc
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Jason Robertson 0207 374 2212 Broker First Equity Limited
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
UPDFKKDPPBDDKBB
(END) Dow Jones Newswires
December 20, 2018 10:55 ET (15:55 GMT)
Red Rock Resources (LSE:RRR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Red Rock Resources (LSE:RRR)
Historical Stock Chart
From Apr 2023 to Apr 2024