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Oil & Gas

Red Rock Resources makes progress with early exploration at Luanshimba

Red Rock has a diverse portfolio of exploration assets

Red Rock Resources PLC (LON:RRR) has collected 70.72 line-kilometres of magnetic data at its 80%-owned Luanshimba licence in the Democratic Republic of Congo.

Ronacher McKenzie Geoscience of Sudbury, Ontario processed and interpreted the ground magnetic data during January 2021.

Three magnetically anomalous areas were observed: in the northwest, in the east, and a third magnetic high in the southwest.

An anomalous magnetic response in the southwest coincides with zones of elevated soil geochemical copper and cobalt and may coincide with a mapped fold nose with postulated congruent structures that resemble other significant occurrences in the district.

The southwest anomaly is considered the highest priority for a follow up ground geophysics programme of induced polarisation, which will begin shortly.

Plans for a 12 line-kilometre IP and resistivity programme comprising six two kilometre lines across the three target areas may be extended to eight lines to ensure thorough testing of the targets.

IP/resistivity data will then be integrated with the magnetic and geochemical data to delineate immediate drill targets.

"The pattern of good confirmatory results from this tenement continues, and our advisors are optimistic about the prospectivity,” said Red Rock chairman Andrew Bell.

“The geological setting of the southwest anomaly conforms to the structural pattern in which significant deposits have historically been found and the strongly anomalous geochemical results show the presence of copper and cobalt in the area.

We must now move quickly towards the drill stage as the rainy season draws to a close."

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