Red Rock Resources - Cobalt/Copper Joint Venture - Congo
("Red Rock" or the "Company")
Cobalt/Copper Joint Venture - Congo
Further to the announcement of
At a meeting with representatives of
RRRC owns 50.1% of
RRRC, VUP and
With the execution, notarisation, and registration of these documents the joint venture becomes fully effective.
Musonoi, the central part of the old Musonoi superpit, of which Glencore's KOV mine represents the western part, abutting our western boundary, and the same company's T17 mine represents the eastern part, adjoining us to the east, is our immediate focus.
This exceptionally prospective tenement, of which at this early stage the obvious size and grade comparator appears to be Nzuri Copper's Kalongwe project, currently under offer, has the potential to have a transformative impact on Red Rock."
Information on Musonoi: The Musonoi tenement lies south of Kolwezi in an area of historically important copper and cobalt mining. It was drilled in the 1930s and 1940s seeking oxide ore with a cut-off grade of 2.5% copper. Production took place down to a maximum depth of 105m, and the pit was partially backfilled after production ceased.
The principal hypotheses on which Red Rock is working are that (a) high grade ore evidenced by earlier drilling but not within the known pit outline remains in place, (b) additional ore may be delineated in sulphides and at a lower cut-off grade (c) a potential lower orebody exists associated with the Kamoto dolomite horizon that was not encountered in previous shallow drilling of the central part of the license.
Table 1: Musonoi location south of Kolwezi http://www.rns-pdf.londonstockexchange.com/rns/0533S_1-2019-3-6.pdf
Table 2: Old drilling (83 holes, 83 Drillholes completed, 13,054.3m, 9 X-sections, 100m x 50m drill grid, oxide mineralisation targeted). http://www.rns-pdf.londonstockexchange.com/rns/0533S_2-2019-3-6.pdf
Image 3: 3D model showing in situ ore in purple (FSSR + FNSR +
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Scott Kaintz 0207 747 9990 Director
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD
Jason Robertson 0207 374 2212 Broker
This information is provided by RNS, the news service of the
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