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Red Rock Resources PLC on Friday said it found gold at its Bilbale project in Burkina Faso.
The Africa and Australia-focused natural resource development company said it found 2.68 grams of gold per tonne from 70 metres depth at drillhole BilR22-05.
The London-based company sent 380 samples from three reverse circulation holes totalling 358 metres completed at the Bilbale artisanal mining site to laboratories.
‘The results obtained across the two prospects from a small programme that, to meet spend commitments on an acquired licence, had been accelerated and so had not been preceded by any detailed geochemical and geophysical preparation, were good. The next stage will be some ground geophysics in preparation for further drilling,’ said Chair Andrew Bell.
Red Rock shares rose 5.3% to 0.30 pence each in London on Friday morning.
By Tom Budszus, Alliance News reporter
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