RED ROCK RES PLC

abgezockt!

Red Rock Resources invests £1.5 mln in Ascot Mining Friday, November 19, 2010 by Jamie Ashcroft Share Red Rock and Ascot are currently expanding similar gold mines in Central and South America Red Rock Resources (LON:RRR) has invested £1.5 million into Ascot Mining (PLUS:ASMP), to help it boost production at a Costa Rican gold mine and join the London’s AIM market. With the new funds in hand Ascot can now fulfil its obligations to the vendor of the Chassoul gold mine and take full ownership of the asset. Ultimately, the transaction could lead to Red Rock holding around 22 percent of Ascot. Proactiveinvestors recommends Orosur Mining looks to Chile and Arenal DeepsNorseman Gold posts A$20.4 million maiden profit, eyes acquisitionsNyota Minerals says ore body at Tulu Kapi gold project probably larger than anticipatedAscot is in the process of expanding and ramping up production at Chassoul, which is fairly close to the El Limon mine in Colombia which is being expanded by Red Rock. Red Rock said the two mines are almost identical in terms of size and characteristics. “Red Rock will benefit by being able to exchange ideas and advice with another group facing similar practical and operational issues,” the company said. The stock tipped another new high today in light of its latest investment, climbing over 10 percent to trade at 15.5 pence by lunchtime Yesterday the stock set a record high at 14.75 pence on London’s AIM market as it began new drilling work on a gold project in Kenya and an iron prospect in Australia. Red Rock shares have had an extraordinary run in recent weeks, rocketing almost 500 percent from 2.5 pence in mid-September. In total Ascot has raised £3.7 million by issuing of convertible loan notes, as well as the issue and exercise of share warrants. The funds were raised from two principal investors, Red Rock and Tom Winnifrith’s SF t1ps Smaller Companies Gold Fund. "Red Rock is delighted to be involved with Ascot in this exciting stage of the Company's development,” Red Rock chief executive Andrew Bell said. “With these funds in place, Ascot is poised to accelerate its gold production over the coming months and is well placed to add new projects to the already attractive portfolio of gold producing assets." Chassoul poured its first 10 ounce gold dore bar back almost a year ago, and Ascot has been working to triple the initial production rate up to 1,200 ounces per month. With the new funds in hand Ascot can now fulfil its obligations to the vendor of the Chassoul gold mine and take full ownership of the asset. "These fresh funds provide the company with the means to proceed immediately to implement its strategy,” Ascot chief executive David Jackson said. Jackson added: “This places the company in a position to fully capitalise on its now completed infrastructure and its expanded gold production capability.” Red Rock invested £1.5 million and SF t1ps invested around £1 million. The loans notes are convertible into new Ascot shares at 20 pence per share. Additionally, the investors each received warrants to subscribe for 10.5 million new Ascot shares at 20 pence each. SF t1ps immediately exercised 2.5 million warrants, thus raising a further £700,000 for Ascot Mining. “Ascot Mining is now capitalised at less than £18 million, with net cash of £3 million. I believe that in six months, Ascot will be generating free operating cash flow of approximately £20 million per annum,” Tom Winnifrith said. “The maths are compelling.” Ascot said it has begun talks with brokers that may potentially become their Nominated Advisers (NOMADs) in order for it to join the AIM market as soon as practically possible. http://www.proactiveinvestors.co.uk/companies/news/23197/red-rock-resources-invests-15-mln-in-ascot-mining-23197.html

Red Rock Resources Probenahme eine leicht erzielbare Gold Macalder Gossan Bereich Migori Thursday, June 24, 2010 Donnerstag, 24 Juni 2010

 

Red Rock Resources (LON:RRR) has reported new results from prospecting at the Macalder gossan, hosted on the 68 km Migori greenstone belt in South West Kenya, with 35 grab samples indicating the presence of significant grades of easily recoverable gold. Red Rock Resources (LON: RRR) hat neue Ergebnisse aus der Prospektion am Macalder Gossan berichtet, veranstaltet auf der 68 km Migori Grünsteingürtel im Südwesten Kenias, mit 35 Stichproben auf das Vorhandensein von bedeutenden Grade von leicht verwertbaren Gold. The samples were taken from artisanal underground workings, and the highest grade sample contained 35.8g/t gold. Die Proben wurden aus handwerklicher unter Tage gebracht, und die höchste Note Probe enthielt 35,8 g / t Gold.

“The Macalder gossan body, developed through long-term oxidation of the massive sulphide ores, was not fully exploited during commercial mining of the deposit, and much of it remains in-place to this day. "Die Macalder Gossan Körper, durch langfristige Oxidation des massiven sulfidischen Erzen entwickelt wurde, war nicht in vollem Umfang im Rahmen des gewerblichen Abbau der Lagerstätte ausgebeutet, und vieles davon bleibt an Ort und Stelle zu diesem Tag. It is currently being worked on a small scale by local artisanal workers”, Red Rock stated. Es wird derzeit im kleinen Maßstab von lokalen handwerklichen Arbeiter "gearbeitet, erklärte Red Rock.

Red Rock noted that the gossan body lies in the immediate vicinity of the Macalder tailings impoundment. Red Rock darauf hingewiesen, dass der Hut Körper in unmittelbarer Nähe des Macalder Bergematerial Aufstauung liegt. As such it is amenable, in logistical terms, to simultaneous exploitation with the tailings materials. Als solche ist sie zugänglich, in logistischer Hinsicht, die gleichzeitige Nutzung mit dem Bergematerial Materialien.
Among the sampling results, 1 sample exceeded 20 g/t gold, 14 samples ranged between 5 to 20 g/t and 12 samples were grading between 1 to 5 g/t. Zu den Ergebnissen Probenahme, 1 Probe 20 g überschritten / t Gold, 14 Proben lagen zwischen 5 bis 20 g / t und 12 Proben wurden zwischen 1 bis 5 g Grading / t.

“Historical sections indicate that the body averages around 6m in thickness and extends to 30m depth where there is an abrupt contact with the underlying sulphide mineralisation. "Historische Abschnitte zeigen, dass der Körper im Durchschnitt bei ca. 6m Dicke und bis 30 m Tiefe, wo es einen abrupten Kontakt mit den zugrunde liegenden Sulfidmineralisierung erstreckt. Systematic exploration of this body is an outstanding question; the ground is in places unstable for access by drilling equipment, and the presence of underground workings carries the risk of equipment loss.  The body is worthy of further exploration effort and may merit a small open operation.” Systematische Erforschung dieser Stelle ist eine offene Frage, der Boden ist stellenweise instabil für den Zugang von Bohrausrüstung, und das Vorhandensein von unterirdischen Arbeiten birgt das Risiko von Verlust Ausrüstung Der Körper ist würdig weitere Exploration Aufwand und kann eine kleine offene Operation Verdienst. . "

Late last year, Red Rock agreed a deal with Kansai Mining Corp to acquire up to 60 percent of Kansai unit Mid-Migori Mining Co Ltd, a Kenyan group which owns the beneficial title and mining rights to the Migori project. Ende letzten Jahres vereinbart Red Rock einen Deal mit Kansai Mining Corp bis zu 60 Prozent der Kansai-Einheit Mid-Migori Mining Co Ltd, einem kenianischen Gruppe, die das Eigentumsrecht und Schürfrechte besitzt die Migori Projekt zu erwerben. Among its own directly controlled assets, the Migori project represents the company's key focus in 2010. Zu seinen eigenen direkt geführten Vermögen, vertritt die Migori Projekt des Unternehmens Schwerpunkt im Jahr 2010.

The Migori gold project area has a NI-4301 compliant indicated resource of 1,172,000 oz (ounces) of gold. Die Migori Gold-Projekt hat eine Fläche von NI-4301-konforme angezeigte Ressource von 1.172.000 Unzen (oz) Gold.

Red Rock's key assets are its holdings of 54.1 million Jupiter Mines (ASX:JMS) shares  and its Resource Star (ASX:RSL) holding and - through its shareholding in Mid-Migori Mining and Kansai Mining - its stake in the Migori gold project. Red Rock wichtigsten Vermögenswerte sind seine Bestände um 54,1 Millionen Jupiter Mines (ASX: JMS) Aktien und seine Resource Star (ASX: RSL) halten und - durch ihre Beteiligung an der Mid-Migori Bergbau und Kansai Bergbau - ihre Beteiligung an der Migori Gold-Projekt. Overall the company also is interested in several assets and projects in Australia and East Africa, covering iron ore and manganese, uranium and rare earths, and gold. Insgesamt ist das Unternehmen auch in mehreren Anlagen und Projekte in Australien und Ostafrika, für Eisenerz und Mangan, Uran und seltenen Erden und Gold interessiert.

Red Rock läuft jetzt wieder, Sieht wieder gut aus .