London, England — 27 June 2012 – Red Rock Resources plc – a London-based and AIM-listed mineral exploration company focused mainly on the discovery and development of gold, uranium and copper – has revealed a complete mineral resource estimate of the KKM prospect in its Mikei gold project at Migori in Kenya.
A company statement issued here said CSA Global (UK) Limited had defined a JORC-compliant indicated and inferred resource of 17.75 Mt @ 1.01 g/t Au (0.5 g/t cut-off), containing 577,000 oz Au for the KKM Prospect
KKM is the first and largest of five mineralised prospects within the Mikei gold project to have JORC-compliant mineral resources calculated after the company’s recent drilling programme. It is part of a larger gold-mineralised shear system known as the Mikei gold project that has been a key focus of Red Rock’s successful 2011 drilling programme.
The Mikei project hosts four other prospects that are scheduled for resource estimation work in 2012 as laboratory results are received and interpretation is completed.
“This new mineral resource estimate in our largest area of defined mineralisation is the culmination of a year of drilling, validation of historic results, exploration and analysis. The objective has been to obtain a high level of data and of geological understanding so that we can push these resources to the next level, which we hope will include feasibility studies,” says project manager Kamini Manick.
“Being the first of five resource prospects to be validated, the potential increase in estimated gold and the opening up of new possibilities at depth are extremely encouraging,” he adds.
“As the four other Mikei resources undergo resource estimation, Red Rock’s project pipeline in the area will be strengthened and its status reinforced as one of the key players in Kenya’s very young mining and exploration industry.” Manick declares.
Source: Red Rock Resources. For more information, click here.