Red Rock Resources PLC (AIM:RRR) has announced the acquisition of two prospective exploration projects, known as Bilbale and Boulon, in Burkina Faso.
The projects, located in the prolific Boromo and Banfora Greenstone belts respectively, span some 348 square kilometres and include artisanal activity, which shows evidence presence of high-grade gold.
"The acquisition of Boulon and subsequently of the rights to 80% of Bilbale represents a great step forward for our activities in the underexplored and highly prospective Burkina Faso sections of the West African Greenstones,” said Red Rock chairman Andrew Bell.
“Both licenses we believe to be of high quality, and Bilbale already looks an exceptional opportunity on every metric used in our screening, with a good prospect for discoveries.
“Boulon also has good targets and a lot of artisanal activity. Geochemistry at Boulon was too wide-spaced to pick up more than isolated anomalous readings which have not been followed up.”
Bell added: “Given the wealth of targets, we have chosen to focus on the areas of the country offering most long-term security, down in the south-west and away from the Mali and Niger borders.”
Earlier today, Red Rock updated investors on its interests in the Democratic Republic of Congo (DRC).