Red Rock Resources reports progress in Cote d'Ivoire

18th Oct 2024 14:40

(Sharecast News) - Red Rock Resources, a natural resource development company with interests in gold and base metals across Africa and Australia, updated the market on its exploration activities in Côte d'Ivoire on Friday.

The AIM-traded firm said it had submitted 75 termite mound samples from its Yamoussoukro licence and 19 rock chip samples from its Djekanou licence for multielement testing by SGS in Yamoussoukro.

It said the Djekanou samples were also being tested for potential lithium content.

Results were expected shortly following receipt of payment for the testing.

In addition to those activities, Red Rock said it was preparing for potential alluvial gold production in Côte d'Ivoire, complementing its ongoing preparations for exploiting the alluvial gold potential of its licences in Burkina Faso.

"In the course of the next few days, besides visiting the DRC for important meetings, we will be making progress in our West African gold licences, determining the first locations for production, bringing in equipment, and revisiting and briefing local communities," said chairman Andrew Bell.

At 1356 BST, shares in Red Rock Resources were up 5.88% at 0.05p.

Reporting by Josh White for Sharecast.com.