Red Rock Resources plc said a rise in air freight rates had led it to transport testing and production equipment by sea to its Bilbale and Boulon gold projects in Burkina Faso. LOGISTICS Containers have been loaded ahead of ships setting sail, although maritime rates have also increased. Initial earth moving and trucking equipment, generators […]
Tag: Burkina Faso
Red Rock raises £260,000 via placing
Red Rock Resources plc has raised £260,000.04 before expenses via a placing of 509,804,000 new ordinary shares in the company at 0.051 pence per share. Following admission, the company’s issued ordinary share capital will comprise 4,058,050,811 ordinary shares, each with voting rights. Proceeds will be used to bring Red Rock’s gold assets in Burkina Faso to […]
Red Rock prepares Bilbale for trial processing
Red Rock Resources plc will begin preparations in March for trial processing at its Bilbale gold licence in Burkina Faso. ALLUVIAL EXPLORATION The company’s visit, deferred from this month, will also involve meeting Hong Kong partner Riverstone Resources Ltd owned by Mahendran Samuel. The licence, acquired in January 2022, is owned by Red Rock subsidiary […]
Red Rock raises £500,000 via placing
Red Rock Resources plc has raised £500,000 by placing 666,666,667 new ordinary shares each at 0.075 pence. DRC ARBITRATION Proceeds will be used for the company’s lithium production and export operations in Zimbabwe, gold studies and development in Burkina Faso, accounting and audit costs, and working capital. Following the issue of the placing shares, Red […]
Red Rock completes transfer of Boulon licence
Red Rock Resources plc has completed transfer to the company of the Boulon gold licence in southwest Burkina Faso. BOULON In January 2022, the company acquired two exploration projects of Boulon and Bilbale in the prolific Boromo and Banfora greenstone belts. Boulon lies on the centre of a mapped channel containing some of the “highest […]
‘Modest’ results for Red Rock from drilling at Bilbale
Red Rock Resources plc reported low-key results from the second batch of samples from its recently completed 2022 reverse circulation (RC) exploration drilling at the Bilbale gold project, southwest Burkina Faso. BILBALE The company’s subsidiary, Faso Greenstone Resources Sarl (FGR) owns two prospective project areas of Bilbale and Boulon in the Boromo and Banfora greenstone […]