Metals & Minerals News

Red Rock notes solid progress from results at Mikei gold project

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 […]

Metals & Minerals News

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), […]

Finance Metals & Minerals News

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 […]

Legal Metals & Minerals News

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 […]

Metals & Minerals News

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 […]