Red Rock Resources plc reported solid progress following results from its second batch of 1,365 samples from the mid KKM prospect of the Mikei gold project (MGP) in Kenya. PROGRAMME The results are from Phase I reverse circulation (RC) drilling exploration at the company’s 100% beneficially owned project. The programme comprised 20 drill holes for […]
Tag: Red Rock Resources plc
Red Rock drill results exceed expectations at Luanshimba
Red Rock Resources plc said results from reverse circulation (RC) drilling exceeded its expectations at the Luanshimba copper-cobalt project in the Haut-Katanga Province, Democratic Republic of Congo. PROGRAMME The Luanshimba project is operated by Red Rock Galaxy SA , an 80% owned Congolese subsidiary of Red Rock. Three prospects now named as Kilembwe (18 holes), […]
Red Rock receives £2,025 via options exercise
Red Rock Resources plc raised £2,025 after issuing 450,000 ordinary shares of £0.0001 each in the company. This is pursuant to the exercise of 2016 options into ordinary shares of the company at an exercise price of £0.0045 per ordinary share.
Red Rock receives £25,515 in options exercise
Red Rock Resources plc received £25,515 in an options exercise after director Scott Kaintz sold 1,785,714 ordinary shares at a price of £0.00575 per share. OPTIONS EXERCISE On 20 January 2022, the board of directors approved the issuance of 5,670,000 ordinary shares of £0.0001 each in Red Rock, pursuant to the exercise of 2016 options […]
Red Rock awarded further $2m over copper-cobalt JV
Red Rock Resources plc has been awarded an additional $2 million in damages with costs in its legal action over its copper-cobalt joint venture in the Democratic Republic of Congo. ENFORCEMENT On 14 January, the Commercial Court of Lubumbashi issued an executory judgment ordering Vumilia Pendeza SA (VUP) to pay the sum. This follows the earlier judgment […]
Red Rock acquires gold projects in Burkina Faso
Red Rock Resources plc has acquired two prospective exploration projects covering 348 km2 in the prolific Boromo and Banfora Greenstone Belts, southwest Burkina Faso. BILBALE AND BOULON The company said that Bilbale (183.62 km²) and Boulon (164.28 km²) had artisanal activity which showed evidence of the presence of high grade gold. The assets are held by […]