REG - Red Rock Resources - Replacement: exploration results at Luanshimba

Red Rock ResourcesAnnouncement

21/12/2018 10:35

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RNS Number : 2720L
Red Rock Resources plc
21 December 2018
 
 
The following announcement replaces the announcement "Exploration Results at
Luanshimba" published at 15.55 on 20/12/18 with number 1783L which did not
contain links to Figures 1 and 2.    All other text remains the same.
 
 
Red Rock Resources PLC
("Red Rock" or the "Company")
Exploration Results at Luanshimba
 
 
21 December 2018
Red Rock Resources Plc, the natural resource development company with
interests in gold, manganese and minerals, announces the results of the soil
sampling programme on license PR13513 in the Copperbelt in the south of the
Democratic Republic of Congo ("DRC") 65 km SE of Lubumbashi and near the
Zambian border. The license is considered prospective for copper and cobalt
mineralisation, and the commencement of the exploration was announced on 17
October 2018.
Red Rock owns 80% of the Luanshimba Project (license PR13513).
The tenement is situated along a disrupted anticline with highly prospective
undifferentiated Roan sediments draping off a nearby basement dome, similar to
some other productive Cu-deposits in the immediate area (Figure 1).
Figure 1: Regional Geological map of the Luanshimba Project
http://www.rns-pdf.londonstockexchange.com/rns/2720L_1-2018-12-21.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/2720L_1-2018-12-21.pdf)
A comprehensive termite mound sampling programme combined with reconnaissance
geological mapping was conducted over an area underlain by prospective Roan
Group sediments. 452 samples were collected on a 100x100m grid, and then
split, with one batch sent to ALS Laboratories in Johannesburg while the other
was retained for XRF analysis.
Building on a recent regional aeromagnetic and soil sampling survey by a
former ground holder, Red Rock has now identified as a result of the programme
2 strongly anomalous areas that are open-ended:
·    In the southern part of the licence, a 2km long anomaly up to 500m
wide striking ENE, (Trend A), follows carbonaceous shale and silicified
dolomite into the nose of a disrupted anticline underlain by known Upper Roan
silicified dolomite and carbonaceous shale adjacent oxidised sandstone.
 
·    Anomalous metal assays with peak values of 519ppm Cu and 425ppm Co
corroborate and exceed the XRF values and are partly coincident with above
average contents of pathfinder elements Bi and V. Given the regionally low
background, these results are considered indicative of likely Cu-Co
mineralisation at depth.
 
·    Occasional outcrops reveal limonitic coatings and tiny cavities
after sulphides along with occasional malachite that also explain the
occurrence of copper-tolerant flora.
 
·    The northern anomaly, (Trend B), a SE- striking copper-cobalt
anomaly some 1,400m by 300m wide, while more subdued, is still significant as
it clearly mimics the regional metalliferous stratigraphic and structural
trend.
Figure 2 Copper anomaly map overlaid on the RTP magnetic image
http://www.rns-pdf.londonstockexchange.com/rns/2720L_2-2018-12-21.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/2720L_2-2018-12-21.pdf)
These encouraging results confirm the favourable geological configuration and
Red Rock consultants Minex Consulting SARL have recommended a ground
geophysical survey and pitting or trenching over selected areas, possibly to
be followed up by RC drilling.
Red Rock Chairman Andrew Bell comments: "The promising results obtained from
initial exploration in this favourable geological setting suggest the presence
of copper and cobalt mineralisation at depth, and further work will be carried
out. Should pitting results confirm the prospectivity, we would expect to move
on to a RC drill programme."
Competent Person Statement
The technical and related information in this report relates to exploration
results based on information from third parties and data compiled by Steffen
Kalbskopf Pr.Sci.Nat, FGSSA and Barry Kazadi (MSc), Pr.Sc.Nat, MGSSA. who are
members of the South African Council for Natural Scientific Professions. Mr.
Kalbskopf and Mr Kazadi have sufficient experience in the style of
mineralisation and type of deposit under consideration. Mr. Kalbskopf and Mr
Kazadi consent to the inclusion in this announcement of the matters based on
their information in the form and context in which it appears. Mr Kazadi is a
managing Director of Mineral Exploration Associates SARL Consultants (Minex
Consulting) to the Company. Mr Kalbskopf is a self-employed consultant and
managing director of Hidden Treasure Consulting and a senior associate of
Minex Consulting, both independent of Red Rock.
This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014.
For further information, please contact:
Andrew Bell 0207 747
9990
Chairman Red Rock Resources Plc
Scott Kaintz 0207 747
9990
Director Red Rock Resources Plc
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396        NOMAD
Beaumont Cornish Limited
Jason Robertson 0207 374
2212
  Broker First Equity
Limited
 
 
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