9th Oct 2007 14:37
Red Rock Resources plc09 October 2007 RED ROCK RESOURCES PLC Exploration Update Dated: October 2007 Red Rock Resources plc (the "Company") the mineral exploration and developmentcompany focused on advancing iron ore, uranium and manganese projects inAustralia and East Africa, holds the Mt Alfred license E 29/581 in WesternAustralia. The license, as described in the Company's Admission Document, coversan area of 210 sq km with large areas of Banded Iron Formation ("BIF")accumulation including multiple horizons of 15m to 100m width over 14 km ofstrike, forming a prominent line of north striking hills up to 90m above thesurrounding plain level. When the Company entered into an option agreement announced on 28 May 2006 withJupiter Mines Ltd (ASX code: JMS) ("JMS") covering certain of the Company's ironore tenements, exercise of which was announced on 29 May 2007, Mt Alfred, thelargest tenement, was not included in the option but was retained by theCompany. The results of JMS's recent drill programme at Mt Mason, on theboundary of the licenses in which the Company retains a royalty interest, werereleased on 4 October, and were considered encouraging by the JMS directors. Recent exploration activity in neighbouring areas has produced significantresults. On 8 October 2007 Iron Mountain Mining Limited (ASX code: IRM), acompany listed on the Australian Stock Exchange ("IRM"), announced samplingresults defining 8.8 km of mineralised strike length at the Iron Mountain, MountAlfred, and Brooking prospects within their license no E29/571, and a plannedRAB (rotary air blast) drill programme to begin in mid-October. IRM also announced that at the Iron Mountain prospect 21 rock chip sampleswithin a sequence of Banded Iron Formation (BIF) and ferruginous sedimentsaveraged 61.3% iron over 2 km; at Mt Alfred 8 samples averaged 58.5% over 2.8 kmof strike. At Brooking 6 samples averaged 59.14% over 4 km. All three prospects,Brooking to the south and the other two to the north, form a continuation of thetrend that runs through the Company's Mt Alfred license. IRM's Mt Alfredprospect lies directly north of, and crosses into, the Company's license. Further details of recent exploration by IRM and JMS may be found on theAustralian Stock exchange website. The Company is planning an exploration programme at Mt Alfred to follow up oniron and copper potential. Enquiries: Andrew Bell 07766 474849 Red Rock Resources plc ChairmanJohn Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated AdviserRon Marshman / John 020 7628 5518 City of London PR Limited Public RelationsGreenhalgh Updates on the Company's activities are regularly posted on Red Rock's website,www.rrrplc.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Red Rock Resources