![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
TSXV:RRK | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
Red Rock Energy Inc. (TSX VENTURE:RRK) announced today that it has drilled a discovery hole (08RB2-03) indicating a new uraniferous mineralized zone located about 600 metres northeast of the former producing Lake Cinch Mine main shaft near Uranium City, Saskatchewan. This zone is a new discovery that is not included in Red Rock's estimates of historic uranium resources, nor has the zone been intersected by any known previous surface drilling. Dubbed the Fusion zone, this new area of mineralization was discovered early in the first phase of Red Rock's 2008 diamond drilling program. Chemical assays indicate two intersections of note, with the primary intersection being on a key structural feature of the former Lake Cinch Mine, described as the Main Ore Fault. Hole 08RB2 03 was drilled northerly with the intent being to intersect both the Main Ore Fault and any easterly trending uraniferous splays off the Main Ore Fault; both structure directions formed ore in the prior Lake Cinch mine. Sample grades are highest near the Main Ore Fault, being .079 % U308 across 14.5m (47.6 ft), including higher grade intercepts of .123% U308 across 7 m (23.0 ft) core length and .177% U308 across a 2.5 m (8.2 ft) core length. This intersection of the Fusion zone is approximately 225 m below surface. In addition, a separate intersection closer to surface representing a possible easterly trending cross fracture gave a grade of .067% across 4.0 m (13.1 ft) of core length. Two additional early holes have split core and Red Rock is awaiting results from chemical assaying. Partial results received to date are only from hole 08RB2-03. Red Rock intends to continue drilling activity on the Fusion zone in order to test the zone along the strike and dip of the Main Ore Fault, as the zone is currently open both laterally and up and down the dip of the fault. Historic operations in the Lake Cinch Mine typically mined ore widths of 2 to 6 feet (0.61 to 1.8 m), utilizing a cut off grade of .07% U308, or approximately 1.4 pounds U308 per ton of rock. Reg A. Olson, Ph.D., P. Geol., a Qualified Person under NI 43-101 and supervisor of the 2007 and 2008 field exploration and drill programs, has reviewed and is in agreement with the contents of this release. READER ADVISORY Statements in this press release may contain forward-looking information including expectations of future production, operating costs, commodity prices, administrative costs, commodity price risk management activity, acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other components of cash flow and earnings. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the company. These risks include, but are not limited to, the risks associated with the mining industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The reader is cautioned not to place undue reliance on this forward-looking information. The reader is further cautioned that the preparation of financial statements in accordance with generally accepted accounting principles requires management to make certain judgements and estimates that affect the reported amounts of assets, liabilities, revenues and expenses. Estimating reserves is also critical to several accounting estimates and requires judgments and decisions based upon available geological, geophysical, engineering and economic data. These estimates may change, having either a negative or positive effect on net earnings as further information becomes available, and as the economic environment changes.
1 Year Red Rock Energy Inc. Chart |
1 Month Red Rock Energy Inc. Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions