Red Rock Resources PLC (AIM:RRR) has announced results from a second batch of samples taken from 2022 reverse circulation (RC) drilling at the Bilbale project in Burkina Faso.
The small-cap exploration company, in a statement, told investors that its subsidiary Faso Greenstone Resources (FGR) had now received results from 380 samples, from 3 RC holes spanning 358 metres, which were situated at an artisanal mining site.
Gold grades were confirmed in the sampling exercise, and the company said it will now carry out ground geophysics which will in-turn be followed by further drilling.
“The initial scout drilling programme of seven holes across two locations in the extremely promising Bilbale licence produced, in the first phase at the Djikologo target, gold intersections in three of the four holes drilled, with three relatively high-grade intersections in the BilR22-03 drillhole including 20m at 3.19 g/t gold from 22m depth,” Red Rock chair Andrew Bell said in the statement.
“This second phase intersected gold mineralisation in two of the three holes at the Bilbale artisanal area, but at more modest tenors. As we emphasise in early-stage drilling, we are drilling at that point for structure and not grade, and any intersections over 1 g/t show we are in mineralisation and so are positive.
“The results obtained across the two prospects from a small programme that, to meet spend commitments on an acquired licence, had been accelerated and so had not been preceded by any detailed geochemical and geophysical preparation, were good. The next stage will be some ground geophysics in preparation for further drilling," Bell added.
Today’s results included grades of up to 0.77 grams per tonne (g/t) gold over 11 metres, from 69 metres depth, and 1 metre with 2.86 g/t gold from 70 metres.