Red Rock reports 'extremely encouraging' drilling results from Mikei

Gold and base metals-focussed development company Red Rock Resources reported the results of the first batch of 950 samples from the recently-completed first phase of reverse circulation drilling in the mid KKM prospect on Friday, at the Mikei Gold Project in Kenya.

The AIM-traded firm said 20 holes totalling 2,093 metres were completed as part of the programme, with sampling and logging done at one metre intervals by its in-house geological team, before being sent to SGS in Mwanza, Tanzania for accredited laboratory assay.0

It said the results were of the first batch of 950 samples from nine of the 20 drill holes, with the final batch of drilling samples currently awaiting customs clearance.

Red Rock said the highlights included 17 metres at 1.02 grams of gold per tonne from 116 to 133 metres at hole KKRC102, including one metre at 3.15 grams per tonne.

It also highlighted six metres at 1.17 grams of gold per tonne from eight to 13 metres on hold KKRC082, including one metre at 3.75 grams per tonne, and four metres at 1.37 grams per tonne from 83 to 87 metres in hold KKRC101, including one metre at 2.7 grams per tonne.

“The drill programme was designed to test possible extensions of the mineralised zones and to infill some possible gaps where holes might previously have been drilled too far apart to allow an assumption of continuity of mineralisation in the resource calculation,” explained chairman Andrew Bell.

“A more powerful compressor had to be brought in part way through the programme, and the first nine holes for which we have results were those drilled while waiting for it to arrive.

“A comprehensive picture of the results of the programme awaits the results of the final 11 holes, including some deeper holes.”

Bell said the first nine holes, however, were “extremely encouraging”, moving the company towards its objectives for the programme.

“Seven of the drill holes intercepted gold mineralisation, including five at good grades.

“We look forward to being able to announce the remaining results before long.”

At 1216 GMT, shares in Red Rock Resources were down 1.95% at 0.56p.