Red Rock Extends Fusion Zone
May 20 2008 - 3:18PM
Marketwired Canada
Red Rock Energy Inc. (TSX VENTURE:RRK) announced today that it has now received
analytical results from the 2008 Diamond Drilling Campaign up to and including
hole 08RB2-07. The Fusion Zone, which is located on Red Rock Energy's RB 2
property in the Uranium City area near the former Lake Cinch and Cenex mines,
has been extended up dip approximately 85 m on the Cinch Main Ore Fault. Hole
08RB2-07 intersected 11.50m with average grade across width of .051% U3O8
(1.02lbs/ ton) with higher grade intercepts within the zone grading up to 1.5m
of .131% U3O8 (2.62 lbs /ton). The drill program to date has also confirmed the
existence of mineralized cross fractures in the hanging wall of the Cinch Main
Ore Fault, both west and east from the Fusion Zone discovery hole 08RB2-03.
These mineralized cross fractures, as represented by hole, 08RB2-04 with 1.0m of
.183% U3O8 (3.66 lbs/ton) and hole 08RB2-06 with .7m of .180% U3O8 (3.6
lbs/ton), are analogous with much of the ore extracted from historical
production in the Lake Cinch Mine.
Red Rock continues to work on expanding the intercepts found in and around the
Fusion Zone. To that end Red Rock Energy's in house drill crew, which operate
seven days per week 24 hours per day, are currently turning on hole number 12 in
this zone. The geological staff have logged and split core for four additional
holes with the samples being sent to Loring Laboratories of Calgary for chemical
assay.
In reviewing the most recent sample results, Sandy Loutitt, President of Red
Rock, commented," These latest results continue to provide encouragement that we
are on track with both our business and geological plans. We will continue to
attempt to generate intercepts of geological importance and then proceed to
attempt to convert those intercepts to new ore".
To the end of hole 08RB2-07, which was completed April 12, a total of 2,501.9
metres of core has been drilled and 305 samples of core were collected and
submitted to Loring Laboratories in Calgary for analysis for U308. The results
from these 305 samples from drill holes 08RB2-01 to 08RB2-07 are reported in
Table 1 (at end); Table 1 for completeness includes the results for hole
08RB2-03 which were previously released in a press release dated April 7, 2008.
Since drilling began in early February the focus of drilling has been to try and
identify radioactive zones in the area east of the former Lake Cinch Mine
workings. This locale is between two faults, the northeasterly trending Lake
Cinch Main Ore Fault and the more easterly trending late Crackingstone River
Fault.
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.
Table 1: Drilling Highlights from Red Rock Energy Inc. 2008 Drill Campaign
to hole 08RB2-07
----------------------------------------------------------------------------
UTM UTM Collar Collar
Hole Easting(1) Northing(1) Azimuth Inclination
----------------------------------------------------------------------------
08RB2-01 632502 6603144 360 degrees -80 degrees
----------------------------------------------------------------------------
08RB2-02 632402 6603095 360 degress -80 degrees
----------------------------------------------------------------------------
08RB2-03 632296 6603085 360 degrees -60 degrees
----------------------------------------------------------------------------
08RB2-04 632247 6603087 360 degrees -55 degrees
----------------------------------------------------------------------------
08RB2-05 632244 6603097 310 degrees -50 degrees
----------------------------------------------------------------------------
08RB2-06 632238 6603107 310 degrees -70 degrees
----------------------------------------------------------------------------
08RB2-07 632411 6603151 310 degrees -50 degrees
----------------------------------------------------------------------------
----------------------------------------------------------------------------
From To Core Average Intersection
Hole (m) (m) Length (m) Grade U3O8 Type
----------------------------------------------------------------------------
08RB2-01 180.40 180.80 0.40 0.125% Cross-fracture
(2.50 lbs/ton)
----------------------------------------------------------------------------
08RB2-01 258.50 262.50 4.00 0.029% Cross-fracture
(.58 lbs/ton)
----------------------------------------------------------------------------
08RB2-01 299.20 300.00 0.80 0.125% Cross-fracture
(2.50 lbs/ton)
----------------------------------------------------------------------------
08RB2-02 177.75 178.25 0.50 0.112% Cross-fracture
(2.24lbs /ton)
----------------------------------------------------------------------------
08RB2-02 208.50 210.00 1.50 0.022% Cross-fracture
(.44 lbs/ton)
----------------------------------------------------------------------------
08RB2-03 117.50 121.50 4.00 0.067% Cross-fracture
(1.34lbs/ton)
----------------------------------------------------------------------------
08RB2-03 313.20 327.70 14.50 0.082% Cinch MOF(2)
(1.64 lbs/ton)
----------------------------------------------------------------------------
Including 0.123%
08RB2-03 313.20 320.20 7.00 (2.40 lbs/ton) Cinch MOF
----------------------------------------------------------------------------
Including 0.177%
08RB2-03 314.20 316.70 2.50 (3.54 lbs/ton) Cinch MOF
----------------------------------------------------------------------------
08RB2-04 229.40 230.40 1.00 0.183% Cross-fracture
(3.66 lbs/ton)
----------------------------------------------------------------------------
08RB2-04 253.00 265.80 12.80 0.029% Cinch MOF
(.58 lbs/ton)
----------------------------------------------------------------------------
Including 0.063%
08RB2-04 256.00 257.00 1.00 (1.26 lbs/ton) Cinch MOF
----------------------------------------------------------------------------
Including 0.054%
08RB2-04 261.10 263.80 2.70 (1.08 lbs/ton) Cinch MOF
----------------------------------------------------------------------------
08RB2-05 219.50 227.00 7.50 0.031% Cinch MOF
(.62 lbs/ton)
----------------------------------------------------------------------------
Including 0.047%
08RB2-05 220.00 221.50 1.50 (.94 lbs/ton) Cinch MOF
----------------------------------------------------------------------------
08RB2-06 174.00 175.00 1.00 0.081% Cross-fracture
(1.62 lbs/ton)
----------------------------------------------------------------------------
08RB2-06 188.30 189.00 0.70 0.180% Cross-fracture
(3.60 lbs/ton)
----------------------------------------------------------------------------
08RB2-06 196.50 199.00 2.50 0.033% Cross-fracture
(.66 lbs/ton)
----------------------------------------------------------------------------
08RB2-07 215.50 217.00 1.50 0.125% Cross-fracture
(2.50 lbs/ton)
----------------------------------------------------------------------------
08RB2-07 286.00 297.50 11.50 0.051% Cinch MOF
(1.02 lbs/ton)
----------------------------------------------------------------------------
Including 0.068%
08RB2-07 286.00 292.50 6.50 (1.36 lbs/ton) Cinch MOF
----------------------------------------------------------------------------
Including 0.131%
08RB2-07 287.00 288.50 1.50 (2.62 lbs/ton) Cinch MOF
----------------------------------------------------------------------------
Including 0.083%
08RB2-07 290.00 292.50 2.50 (1.66 lbs/ton) Cinch MOF
----------------------------------------------------------------------------
Including 0.116%
08RB2-07 294.50 295.00 0.50 (2.32 lbs/ton) Cinch MOF
----------------------------------------------------------------------------
(1)Note: UTM Eastings and Northings are given for a datum of NAD83 and Zone
12.
(2)Note: Cinch MOF means Lake Cinch Main Ore Fault.
Red Rock Energy Inc. (TSXV:RRK)
Historical Stock Chart
From Jun 2024 to Jul 2024
Red Rock Energy Inc. (TSXV:RRK)
Historical Stock Chart
From Jul 2023 to Jul 2024
