Business
Exploration Update - Migori Project, Kenya
Exploration Update - Migori Project, Kenya.
About this update from Red Rock Resources Plc
[{"type":"text","content":"\n \nRNS Number : 2731V Red Rock Resources plc 11 December 2013 \n \n\nRed Rock Resources plc\n \nExploration Update - New exploration targets identified\nMigori Project, SW Kenya\n \n11 December 2013\n \nRed Rock Resources Plc (\"Red Rock\" or the \"Company\"), the mining and exploration company with a producing gold mine in Colombia, an iron ore project in Greenland and gold exploration in Kenya, announces progress on the Migori Project in SW Kenya (JORC 2004-compliant Indicated and Inferred Mineral Resources: 1.2Moz Au @ 1.26g/t Au), a project where Red Rock owns, controls or has options over approximately 47.3% of Mid Migori Mining Company Ltd (\"Mid Migori\"), the owner of the 2 special prospecting licences (\"SPLs\") which the company operates. Upon completion of a Bankable Feasibility Study (\"BFS\"), Red Rock will hold over 75% attributable interest in Mid Migori.\n \nHighlights\n \nFollowing comprehensive reassessment of all available geochemical data, Red Rock is pleased to announce that:\n \n \n· 12 new regional exploration targets have been identified from gold anomalies in soil and grab samples\n \n http://www.rns-pdf.londonstockexchange.com/rns/2731V_-2013-12-11.pdf\n \n· 15 existing regional targets across the licence areas have been reprioritized with improved confidence, including a 3.5km Au anomaly in soils over an area with little exploration to date.\n \n· A revised trend is proposed for the Mikei Shear Zone, which identifies two parallel zones of mineralisation:\no The Main Zone, containing KKM and KKM-West Resources in addition to the Steels and Blackhalls-Three Nuns-Masara regional targets (10.6km Au anomaly length, over 2 sections)\no The discontinuous North Zone contains the MK and Gori Maria Resources, and potentially extends east to include the Kakasera vein (5.5km Au anomaly length)\n \n· Refined understanding and definition of the anomalous geochemical trend and structural controls over the Mikei Resources will lead to improved targeting for future Resource expansion and nearby exploration.\n \nA full report may be found on the Company's website and at the following link:\n&nb...