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Drill Results from Mt Bute, Victoria, Australia
Drill Results from Mt Bute, Victoria, Australia.
About this update from Red Rock Resources Plc
[{"type":"text","content":"\n \n \n \n Red Rock Resources PLC\n \n \n \n \n (\"Red Rock\" or the \"Company\")\n \n \n \n \n Drill Results from First Hole at Mt Bute Prospect in Victoria, Australia\n \n \n \n \n Discovery of Intrusion Related Gold Mineralisation Confirmed\n \n \n \n \n 13 June 2022\n \n \n \n Red Rock Resources Plc, (\"Red Rock\" or \"the Company\"), a natural resource development company with interests in gold and base-metals, principally in Africa and Australia, announces an update in relation to the exploration programme being carried out by joint-venture subsidiary New Ballarat Gold Corporation plc (\"NBGC\") within the Victorian Goldfields of Australia. Exploration is being carried out by Red Rock Australasia Pty Ltd (\"RRAL\"), the 100% owned Australian operating subsidiary of NBGC.\n \n \n Laboratory results from the first hole drilled (MB22D001) at the Mt Bute prospect, one of two targets addressed in recent drilling, have now been received and are considered significant. Preliminary X-ray fluorescence (XRF) analysis of selected Mt. Bute core intervals had returned highly anomalous molybdenum (Mo) and bismuth (Bi) results, suggesting the possibility of intrusive related gold (\"IRG) mineralization within the Victorian goldfields. A total of three holes were drilled at the Mt. Bute Prospect and the results from the second and third holes are still awaited.\n \n \n Further results, not considered of such significance, have been received from the drilling at the other prospect, O'Loughlins.\n \n Highlights\n \n ·\n \n Drilling results from MB22D001 have confirmed the existence of IRG mineralisation overprinting orogenic mineralisation at the Mt. Bute Prospect, a significant development within the Victorian Goldfields generally.\n \n \n \n ·\n \n Over 30% of assays between 23.1m to 117.7m returned results greater than 0.1 g/t gold (Au).\n \n \n \n ·\n \n Including intervals of 0.4m of 5.13 g/t, 0.5m of 2.5 g/t, 1.8m of 1.43 g/t, and 5.9m of 0.42 g/t Au.\n \n \n \n ·\n \n Additional drilling at the Mt. Bute Prospect is recommended to step out along strike and down dip.\n \n \n \n Red Rock Chairman Andrew Bell comments: \"This is only the first hole of our small programme on the property so to have encountered such widespread mineralization, including some good grades, was a very good outcome reflecting great credit on the RRAL tec...