Andrew Bell of Red Rock Resources discusses their Positive Drill Results which encountered High Grade Cobalt

Andrew Bell Chairman of Red Rock Resources #RRR discusses their Positive Drill Results which encountered High Grade Cobalt at the Luanshimba copper-cobalt project in the Haut-Katanga Province of the Democratic Republic of Congo.

Highlights:

·    2,763 samples from the 2,469m, 29 hole programme now analysed and returned.

·    Three prospects now named as Kilembwe (18 holes), Luanshimba North (9 holes) and Luanshimba East (2 holes) drilled. (See Fig 1 below)

·    7 holes stopped before target depth due to ground conditions and general limit of drilling 100m due to rig limitations.

·    Copper intersections of significance include:

o  6 metres at 0.61% (including 1 metre at 1.45%) towards the bottom of hole DRC014 at Kilembwe

o  3 metres at 0.7% and 3m at 1.14% encountered towards the bottom of holes DRC019 and DRC021 at Luanshimba North.

·    Copper intercepts appear to be present as hypogene chalcopyrite in reduced dolomite underlying carbonaceous shales with pyrite, in a sequence interpreted as similar to the Kitwe Formation of the Zambian Copperbelt.

·    Future exploration will test the potential 1.3km of continuity between these two areas of reduced dolomite underlying carbonaceous shale with potential copper/cobalt ores at depth, and will test for the copper mineralisation extending towards surface as it approaches the keel of the syncline to the South.

·    Cobalt is extensively present, occurring as heterogenite in fault gouges and breccias; notably:

o  43m at 0.13% including 11m at 0.2% at Kilembwe in DRC015 in a brecciated argillaceous arenite

o  3m at 0.37% related to a fault gouge, overlying 13m at 0.10% in a brecciated argillaceous arenite at Kilembwe in DRC008

o  5m at 0.78% including 2m at 1.4% at DRC023 in Luanshimba East.

·    This combination of occasional high Cobalt grades, with areas of considerable vertical extent of mineralisation, suggest that although weathering has been a significant factor in mineralisation there are likely to be others, requiring further drill testing.