Business
Update on Ascot and Colombia
Update on Ascot and Colombia.
About this update from Red Rock Resources Plc
[{"type":"text","content":"\n RNS Number : 1865X Red Rock Resources plc 01 December 2010 \n \n\nRED ROCK RESOURCES PLC\nUpdate on Ascot Mining and Colombia\n \nDated: 1 December 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, notes this morning's announcement by Red Rock investee company Ascot Mining plc (\"Ascot\"; PLUS: ASMP) in which Ascot announced the pouring of 40.1 ounces of gold dore from its newly expanded mill, one day after Ascot fully paid for the Chassoul Gold concession and obtained clear title to the mine. Overall development of the mine was reported as being on schedule, with the intention for production to reach an average mill throughput grade of 0.305 oz/ ton during December and for production to be accelerated to the initial targeted 1,200 ounces per month in Q1 2011.\n \nThe full text of the announcement made by Ascot can be viewed at:\nhttp://www.plusmarketsgroup.com/PLUS_news_story.shtml?NewsID=3943131&ISIN=GB00B2QH7M99/GBX/PLUS-exn\n \nColombia\nThe first 170 tonne (pre-crushing) ore bin has been filled, and the second 600 tonne (post-crushing) ore bin is being filled. Further processing will follow the switching on of the ball mill. This is expected to occur and all stages of the plant to become operational by mid-month. \nFull gold production is expected to proceed as planned by the end of December 2010.\n \nKenya\nDrilling continues and a progress report will be issued shortly.\n \nEnquiries:\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\n0207 402 4580 or\n07757 660 798\n\n\nRed Rock Resources plc\n\n\nPublic and Investor Relations\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nPeter Trevelyan-Clark/ Ben Jeynes\n\n\n \n020 7444 0800\n\n\n \nReligare Capital Markets\n\n\n \nNominated Adviser\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nNick Emerson\n\n\n \n01483 413500\n\n\n \nSimple Investments Ltd\n\n\n \nBroker\n\n\n\n\n \nNotes:\nRed Rock's interest in Ascot is held by way of 10% convertible loan notes 2015, convertible at any time at Red Rock's discretion into n...