Red Rock Resources Share Discussion Threads

[atino] 20/9/2014 14:21

VIDEOS

Gold: Take a look at the Ivory Coast, John McGloin, executive chairman at Amara Mining, explains that mining gold in the Ivory Coast in Africa is cheap ^__* because of "phenomenal, infrastructure and the governmental backing.




The largest gold mine in the Ivory Coast (Rangold) hxxp://www.reportersunited.tv/video-9b72e31dac81715466cd580a448cf823

BBC news, "Is Ivory Coast open for business" -

[atino] 20/9/2014 13:48

Despite Côte d’Ivoire’;s difficult sociopolitical environment in late 2010 and into 2011, the development of United Kingdom-based randgold resources Ltd.’s tongon Mine continued mostly uninterrupted in 2011. The mine was officially commissioned on October 24. Tongon Mine produced about 7,800 kilograms (kg) of gold during the year and employed a total of 1,565 people; 382 out of a total of 410 permanent employees and 1,108 out of a total of 1,155 contractors were reportedly Ivorian nationals. The Tongon Mine is located in northern Côte d’Ivoire about 55 kilometers (km) south of the border with Mali. Randgold held an 89% interest in the mine through its subsidiary Société; des Mines de Tongon S.A.; the remaining share was held by the Government (10%) and by Ivorian interests (1%). The estimated mine life of Tongon was 10 years, and the mine was expected to produce about 9,300 kilograms per year (kg/yr) by 2014 (Randgold Resources Ltd., 2012, p. 40–45).


Outlook:

Despite the end of hostilities in 2011, in the short run, Côte d’Ivoire’;s mineral sector is likely to face challenges, as the country’s energy, port, and road infrastructure that could support mining operations is in poor repair. Steps taken by the Government to consolidate peace and to restore security are likely to attract mining exploration companies to the country. Growth in the cement industry is also likely as installed cement production capacity far exceeds current output, and restoration projects to address the country’s infrastructure needs are likely to come online in the near future if the funding is available. Existing gold mining operations would also add to the growth of the sector as the ramping-up of production expansion plans slowly come online in the next 2 to 5 years. Planned expansions in manganese production and the development of new manganese deposits are also likely to add value to the sector. In the longer run, the development of the country’s nickel, chromite, cobalt, and iron ore resources could also take place. the end to Côte d’Ivoire’;s embargo on rough diamond exports would likely depend on the country’s consolidation of peace and security and on the Government’s efforts to achieve and maintain minimum Kimberley Process standards for compliance.

hxxp://minerals.usgs.gov/minerals/pubs/country/2011/myb3-2011-iv.pdf

hxxp://www.dbresearch.com/PROD/DBR_INTERNET_DE-PROD/PROD0000000000319530/Cote+d'Ivoire.PDF

[atino] 20/9/2014 13:09

[Quote 23 January 2014] "New significant gold structure at Abengourou, Côte d’Ivoire"

Highlights

Semi-continuous gold anomaly at ‘Anomaly 5’ with gold-in-soil values of 100-525 ppb Au over 4km

Anomaly 5: Gold anomaly follows a line of old artisanal workings and overlies a significant geological boundary interpreted to be a thrust fault

Anomaly 5: A new licence application has been submitted to acquire an additional 20km along-strike extension of the mineralised structure

Anomaly 5: Further work to extend the anomalism along the structure is planned once licencing is granted

“To have high-grade soil anomalies that are coincident with a faulted geological boundary is extremely good news and we are encouraged with the infill results” said Nemex’s MD, Peter Turner.

“Before we drill the anomaly, we would like to see how extensive the surface anomaly is along the interpreted 25km structure and to be able to do this, we will need the application for extension to the licence to be granted”.

hxxp://nemexres.com.au/sites/4dbe04e850ee853d0e00046d/assets/52e098a550ee850fe400008e/23.1.14.pdf

^__^ "Nemex Resources discovers 4 kilometre gold anomaly at Abengourou, Côte d’Ivoire" *__* - hxxp://www.proactiveinvestors.com.au/companies/news/52157/nemex-resources-discovers-4-kilometre-gold-anomaly-at-abengourou-cte-divoire-52157.html

[atino] 20/9/2014 13:08

[2 July 2013] "Perth‐based iron ore and gold explorer Nemex Resources Limited (ASX: NXR) is pleased to announce that it has been granted 100% interest in three exploration licences for gold and base metals, and has lodged applications for a further three licences in the under-explored West African country of Côte d’Ivoire.



HIGHLIGHTS
Three granted exploration licences total 1,186 km2

Three further licence applications awaiting grant

Soil sampling to begin over Abengourou Licence where previous explorer reports significant soil anomaly

Dabakala Licence geology is dominated by thrust faulting and alteration of host rocks, very prospective for gold

33 km of shear structures along-strike of the 17 Mozs Ahafo Gold deposit occurs at Nemex’s Alepe Licence

Licence areas based on predictive studies targeting structurally-hosted gold deposits

All licences host high-priority targets for gold mineralisation
Nemex Management has vast experience in Côte d’Ivoire gained over the past 20 years

“Côte d’Ivoire is underlain by Birimian rocks that are highly prospective for gold mineralisation, yet the country has not been the subject of systematic mineral exploration. Nemex now has tenure to some of the most prospective areas” Nemex’s Managing Director Peter Turner said.

“I am very pleased to secure new licences over prospective geology where there is a real chance of making new gold and base metal discoveries.”

hxxp://nemexres.com.au/sites/4dbe04e850ee853d0e00046d/assets/51d2109050ee85738b000562/nxr_020713.pdf

[jimbo55] 20/9/2014 04:21

Bunky3 19 Sep'14 - 15:37 - 5557 of 5564 1 0

Yup just opened up so had another million for pot. Colombia will get through and I like the fact that placing last night was in safe hands and not YA

A perfect illustration of the triumph of hope over experience. Good luck Bunky...

[fangorn2] 19/9/2014 19:08

Wouldn't bother replying to me Atino - you've been on filter for at least a year and a half...

Still if it floats your boat, to relieve some stress, go for it. I wont however be bothering to read anything...Just make sure you don't have a myocardial infarction....

:)

[atino] 19/9/2014 18:45

And how long 'EXACTLY'...will DNI take...(and the knock effect...to develop 'YOUR IDLE'...Mambare asset) ???

....2018/2017 was it Fangorn ??? *__^


[...dic*head! LOL, hahahah PMSL ^__^]

[fangorn2] 19/9/2014 17:45

Colombia will get through - yes of course it will.How long over due is it now? Two years?

[atino] 19/9/2014 16:07

Soul - whats your B.E here ?

And when are 'YOUR KIND'...looking to get out ???


Please take your 'baggage' with you...and the 'drama' thats follows...over to RGM ^__^


BTW...you've got some 'pretty little pictures' come through...on RGM ! LOL hahaha *__^

[bunky3] 19/9/2014 15:37

Yup just opened up so had another million for pot. Colombia will get through and I like the fact that placing last night was in safe hands and not YA

[21trader] 19/9/2014 15:35

Bunky

It was but now 0.225p offer picked up 2 x 500k's and hold them till next spike.

[bunky3] 19/9/2014 14:39

Cant buy online!! not much overhang

[dimmerginger] 18/9/2014 23:27

Come to no surprise to see Mr Bell issue more Shares for His Extremely Huge salary. Red Rock Bottom "A Global leader in issuing prudent shares"

[bam bam rubble] 18/9/2014 19:16

Odd amount to raise, £167,324 and ninety one pence..

No doubt Mr Bell would have liked to place a lot more than that but was limited to
the amount left under existing authorisation.

The next RNS then, scheduling the Interim Meeting to request more paper production.

[atino] 18/9/2014 18:02

Actually Soul (...this is 'why'...Atino 'rarely'...LISTENS...to YOU, nor indeed...to ANY of you phecking 'eggheads' ! LOL *__^)



[Quote] "Red Rock Resources STRENGTHS portfolio in Ivory Coast" ^__^

Red Rock Resources (LON:RRR) has raised £167,325 through a placing and updated on exploration in the Ivory Coast.

It issued around 76mln shares at 0.22p a share (current price 0.23p) in the fundraise, which will be used to advance its gold exploration projects in Ivory Coast and for working capital.

Further to its application for licenses in the Ivory Coast in April, Red Rock has now entered into an agreement whereby it has the right to buy the IC Companies for £140,000 in cash.

The IC Companies are special purpose vehicles which own three exploration licences totalling 1,200 sq km - Dabakala, Abengourou and Alepe - and four exploration permits in the Ivory Coast.

All areas are on West Africa's highly gold prospective Birimian and Tarkwaian Greenstone belts, in a fast growing region for gold exploration and production.

The country has some of West Africa's best infrastructure yet remains largely underexplored country despite its great mineral potential.

Red Rock's chairman Andrew Bell said: "With this agreement we acquire rights to granted research licenses in the Ivory Coast, enabling us to start exploration on some areas we had already identified as promising.

"We have taken this opportunity to strengthen our portfolio in Ivory Coast, which previously consisted of license applications. As we move to sell other assets, the shift in focus to gold exploration in Africa continues."

hxxp://www.proactiveinvestors.co.uk/companies/news/72393/red-rock-resources-strengthens-portfolio-in-ivory-coast--72393.html

[atino] 18/9/2014 17:45

Bring forward 'these posters'...one-by-one...(and I'll beat'em up, toe to toe:-)) LOL hahaha PMSL:-)))

[vivgav] 18/9/2014 17:36

Andrew 'AFTER THE' Bell Rns

YET ANOTHER PLACING