Red Rock Resources plc issued a summary of its gold interests in its natural resource development portfolio in Africa, Australia and South America.
ASSETS
The company has royalties over its gold interests as well as projects in Africa including a JORC indicated and inferred resource of 15.13 Mt @ 1.49 g/t Au with contained metal content of 723 koz in greenstones in the Western licence, Kenya.
New exploration targets were identified by recent work in the Eastern licence and a “significant” new target zone identified in the Western licence.
A further 68koz Au @ 1.7g/t Au is contained in a tailings deposit also in Kenya.
The company established new gold exploration subsidiaries in the greenstone belt of the Côte d’Ivoire and Burkina Faso.
In Australia the company’s joint venture (50.01%) with Power Metal Resources plc under Red Rock Australasia Pty Ltd is preparing to list its Victoria gold assets.
Red Rock retains its gold royalty over the producing El Limon mine in Colombia.
PROSPECTIVE
Chairman Andrew Bell said that it was “truly extraordinary” that Red Rock was the only listed British exploration company with a permanent presence in Côte d’Ivoire and Burkina Faso, given that the territory was “so prospective”.
He added that except in Australia the projects were 100% beneficially owned by the company.