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Red Rock Resources shares rise on Migori gold exploration results

Red Rock Resources shares rise on Migori gold exploration results

Shares in Red Rock Resources (LON:RRR) advanced around 5 per cent today as it revealed significant initial drill results from the Migori gold project in Kenya.

The AIM-quoted firm completed a 8,500 metre aircore drill programme last year.

Laboratory analysis released today shows that new gold prospects have been defined, with five samples from three areas encountering more than 1 gram per tonne gold.

This initial process was effectively an untargeted regional sampling programme. And the findings included a coherent anomalous zone with greater than 0.1 g/t gold. This zone is 0.5 kilometres wide and it has a 1.5 kilometre strike length.

Separately, results from a further seven samples across four areas exceed 0.25g/t Au.

"Initial analysis of the data has already picked out promising targets in areas where highly anomalous results were returned,” said chairman Andrew Bell.

“We expect that continuing interpretation will identify further targets.

“The objective of this regional program has been to prioritise targets for future exploration in order to increase the gold resource base of the company."

Red Rock says that further analysis is being carried out and it intends to produce a report detailing results and potential targets, along with plans for follow-up exploration work.

 

 

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