Business
Update - Columbia and Greenland
Update - Columbia and Greenland.
About this update from Red Rock Resources Plc
[{"type":"text","content":"\n \nRNS Number : 0178K Red Rock Resources plc 07 July 2011 \n \n\nRED ROCK RESOURCES PLC\nUpdate - Columbia and Greenland\n \nDated: 7 July 2011\n \nRed Rock Resources plc (\"Red Rock\" or the \"Company\"), the gold mining and exploration company with projects in Kenya, and Colombia, exploration in Greenland, and interests in steel feed, uranium, and rare earths reports on developments in Columbia and Greenland.\n \nColombia\n \nAt the El Limon mine in Colombia, the improvement in production noted in the first half of June has been broadly maintained. Preliminary figures, subject to revision, show average daily output from the mine for the month of June of 52.9 tons per day, with mill output for the month averaging 46.7 tons per day. The grade of material delivered to the plant was, subject to revision, 9.9 grams per ton.\n \nThe mill operated 28 days during the month, and the mine 26 days. Gold sales for the month of June 2011 were 8.485 kg (273 oz). \n \nThe Company expects steady improvement at both the mine and the plant as new equipment is brought into use, new technical staff recruited, and working practices improved. \n \nGreenland\n \nExploration has begun in Greenland with 3 teams of geologists traversing along lines 800m apart within the licenses. From the base at Camp 1, the crew has collected and tested samples using a portable Niton SL3 Gold XRF analyser over an extensive area of float material. These have yielded encouraging grades of 30% to 40% Fe in course-grained magnetite. An airborne magnetic and radiometric survey is due to begin imminently which will last between 8 to 14 days (depending on weather conditions) which, when combined with field observations, will aid in target generation for drilling in 2012. \n \nThe teams have now moved to Camp 2, as illustrated in the Company's announcement of 22 June 2011.\n \nThe information in this release has been reviewed and approved for release by Helen Salmon, BSc(Hons), a geologist working for the Company, a Fellow of the Geological Society and a Member of the Mineralogical Society.\n \n \n \nEnquiries:\n \n \n\n\n\n\nAndrew Bell\n\n\n0207 402 4580 or \n07766 474849\n \n\n\nRed Rock Resources plc\n\n\nChairman\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSandra Spencer\n\n\n0...