31st Oct 2007 10:57
Red Rock Resources plc31 October 2007 RED ROCK RESOURCES PLC Trading Update Dated: 31 October 2007 Red Rock Resources plc ("Red Rock" or the "Company") the mineral exploration anddevelopment company with iron ore and manganese projects, and uranium interests,in Australia and East/Southern Africa, announces an immediate iron oreexploration programme scheduled to start on 6th November on its 205 sq km MtAlfred tenement in the Eastern Goldfields area of the Yilgarn Craton in WesternAustralia. The Mt Alfred tenement is on its northern, eastern and southern sides adjacentto the Mt Richardson tenement of Iron Mountain Mining Limited ("IRM"; ASX code:IRM) where IRM is currently completing a RAB (rotary air blast) drillingprogramme on three prospects designated by them as their Iron Mountain,Brooking, and Mt Alfred prospects. The north-south trending BIF (banded ironformation) structures investigated by IRM are to the North and South of theCompany's license, which contains strike continuations of the IRM prospects andother targets. The short programme will follow up the recent successful sampling programme byIRM in adjoining areas of their license by taking rock chip samples along theidentified mineralized trends, and in other prospective areas, and will alsoinclude mapping. Should results warrant, the objective will be to follow up assoon as possible with a RAB drill programme to confirm the continuation at depthof surface mineralisation. The Yilgarn Craton is the most minerally productive area of Australia and is anemerging iron ore province which is attracting increasing exploration forhaematite and magnetite iron ores to meet expanding export demand. Explorationis focussed on two areas, the Mid West, where substantial investment in a railand port infrastructure on the west coast north of Perth is being planned, andthe Goldfields, where ore from Koolyanobbing and nearby deposits has already forseveral years been exported via the existing rail network through the southcoast port of Esperance. The Company's iron ore interests, which it is lookingto expand should opportunity arise, are in the Eastern Goldfields area. The Company continues to pursue its uranium strategy primarily through itsinvestment in Retail Star Limited (ASX code: RSL), where it participates inmanagement at board level. The Company recently entered into an exclusivity andconfidentiality agreement and is reviewing on behalf of itself and its partnersa possible participation in the exploration of over 4,000 sq km of uraniumprospective ground in northern Africa, as well as other opportunities. The Company continues actively to pursue its manganese projects according to itslong-standing strategy, and its large tenement position near Woodie Woodie inthe East Pilbara Manganese province in Western Australia is moving towardsgrant, upon which exploration will begin. The Company announces that as of 31st December 2006 Simple Investments Ltdbecame brokers to the Company. Enquiries: Andrew Bell 07766 474849 Red Rock Resources plc Chairman John Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser Ron 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