12:18 Wed 25 Mar 2015
Red Rock Resources - Ivory Coast Update
("Red Rock" or the "Company")
Ivory Coast Update - Dabakala and Alepe Preliminary Gold Soil Geochemistry Results
25th March 2015
Highlights
· A number of quality gold anomalies identified at Dabakala from preliminary reconnaissance soil geochemical sampling programme
· Dabakala anomalies coincident with geological and structural targets including important thrust-faulted zone that has been considered an analogy to the Tongon Gold Deposit
· Infill and extension sampling planned over Dabakala and Alepe
Dabakala - gold and manganese
The company is pleased to report results from 648 composite soil geochemical samples collected from the 393km2 Dabakala license in north eastern
The samples were collected by Nemex Resources in late 2013, prior to acquisition by Red Rock. The samples were collected at 100m intervals along 2km spaced lines. Adjacent sample pairs were combined into composite samples to reduce assaying costs without reducing sample integrity. CRM (Certified Reference Material) samples were inserted into the sample sequence at 5% intervals (1 CRM standard for 20 soil samples) for QAQC purposes. In total, 648 samples were sent to SGS in
The results show nine gold anomalies up to 385 ppb Au of which three are considered the most significant at this early stage of exploration (see Figure 1). The company is particularly encouraged by the correlation between the anomalies and underlying geological and structural features, particularly since some of the anomalies overlie packages of volcanic and sedimentary rocks neighbouring a granite that have been interpreted to be significantly thrust-faulted. The Tongon Gold Deposit in northern Côte d'Ivoire was the geological analogy proposed by Nemex Resources for this area.
Figure 1 - Dabakala Gold Anomalies Map
http://www.rrrplc.com/files/7714/2721/5021/Figure_1_Dabakala_Gold_Anomalies_Map.pdf
· Anomaly 1 - 385ppb gold in west. The anomaly occurs in a structural package of volcanics and sediments with occasional silicified units. The package extends to the west, outside of the area sampled, by a further 9km
· Anomaly 2 - 189ppb in central-north area on a geological contact between basalts and volcaniclastics
· Anomaly 3 - 151ppb gold on ridge containing banded manganese formation that is silicified in places
The company is paying careful consideration to all gold anomalies at this early stage of exploration as the surface gold concentrations are largely determined by the depth and type of regolith cover common to the region.
Red Rock is planning the next stage of exploration, likely to involve infill soil sampling or shallow auger drilling along closely spaced grids over the high priority anomalies and the significant areas extending away from the anomalies that have not yet been the subject of any sampling for logistical reasons, particularly in the western portion of the license.
The Company also intends to collect a number of grab samples along a 17 kilometre-long ridge that Nemex Resources identified as a banded manganese formation (BMF).
Alepe
As announced previously, Red Rock recently carried out a preliminary regional soil geochemical sampling programme over the eastern portion only of its 393km2 Alepe license in south-east
During the programme, 238 samples were collected at 100m intervals along 2km spaced lines, testing approximately 20% of the total license area. All samples underwent preparation at SGS Yamoussoukro, after which they were forwarded to SGS Ouagadougou for gold and arsenic analysis.
The results appear to confirm the presence of gold at Alepe, with some zones considered mildly anomalous; see Figure 2. Red Rock intends to complete sampling of the remaining, as yet untested, ~80% of the license area to build a more complete dataset before determining next steps for progressing the license.
Figure 2 - Alepe Gold Anomalies Map
http://www.rrrplc.com/files/9414/2721/5094/Figure_2_Alepe_Gold_Anomalies_Map.pdf
License Applications - gold
Red Rock continues to progress additional license applications currently pending with the
Company Chairman,
"We have so far only scratched the surface with this, our first sampling programme in Côte d'Ivoire. Given the thick regolith, the compositing of samples, and the wide 2 km line spacing, we were willing to consider the slightest anomaly, even of arsenic, as justifying follow-up by detailed sampling of the vicinity, but the sampling has resulted in some anomalies that our technical team regard as excellent and that are backed-up with a solid geological and structural story. These results provide support for our move into a country and area that has not seen the application of modern-day exploration techniques but where significant potential to make a new gold discovery exists. We are indebted to Dr
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