Business
Update and Notice of Meeting
Update and Notice of Meeting.
About this update from Red Rock Resources Plc
[{"type":"text","content":"\n RNS Number : 3707W Red Rock Resources plc 17 November 2010 \n \n\nRED ROCK RESOURCES PLC\nUpdate and Notice of General Meeting\nDated: 17 November 2010\n \nRed Rock Resources plc (\"Red Rock\" or the \"Company\"), the gold mining and exploration company with projects in Kenya and Colombia, and interests in steel feed, uranium and rare earths, reports the start of drilling at the Migori gold and VMS (Volcanogenic Massive Sulphide) project in Kenya, and at the Arthur River magnetite-IOCG (iron oxide copper gold) prospect in Tasmania. The Company is also today convening a General Meeting for 2pm on 3 December 2010 to renew its share allotment authorities and to ratify certain share issues in August 2010 and subsequently.\n \nKenya\n \nInfill diamond drilling has started in the Western license, with the first hole to be drilled at the Gori Maria prospect where an Indicated Resource was defined by earlier exploration, and will cover the KKM (Kakula-Kalanga-Munya) and other prospects. The diamond drill programme is for an initial 2,000m, extendable to 5,000m. The objectives of the programme include the increase of confidence levels for revision of resource and grade, validation of existing data and provision of structural information. The Longyear 38 rig and a back-up rig arrived on site at the weekend.\n \nA further BQ diamond rig is expected to be engaged shortly to conduct additional drilling in the Eastern license.\n \nAn additional exploratory drill programme, on targets where no resource has yet been defined, will be conducted with a reverse circulation rig. It will be used to drill between 5,000m and 10,000m, and is planned to start in January 2011. Subject to rig availability, an aircore drilling programme at the Nyarongi prospect will also start at that time.\n \nCSA Global (UK) Limited is acting as consultant to the drill programmes.\n \nTasmania\n \nA reverse circulation drill rig has mobilised to a site at Arthur River in Tasmania, where a 3 or 4 hole drill programme will test a significant geophysical and geochemical magnetite-IOCG target along strike from the Savage River magnetite mine. The site of the exploration lies on the Arthur lineament, a metamorphic belt cutting North-East to South-West across the North-Western corner of Tasmania. The lineament is known to h...