Red Rock Drills 0.324% (6.48lbs/ton) Over Two Metres at Fusion Zone
19 Enero 2009 - 1:06PM
Marketwired Canada
Red Rock Energy Inc. (TSX VENTURE:RRK) today released the latest analytical test
results from its 2008 Diamond Drilling Campaign conducted at the Uranium City
camp. Operational focus in the final quarter of 2008 was on the newly discovered
Fusion zone at Lake Cinch and River zone at Cenex. The results of the final
drilling for 2008 are reported herein in Table 1.
At the Fusion Zone an additional six holes were drilled to test the zone during
this period. The current results from holes 08RB2-37 to 08RB2-42 confirm the
uranium-bearing Fusion Zone, which is along the Lake Cinch Main Ore Fault
structure, continues at least locally between the intersections found in
previous drilling. Of note in the latest series of holes are two higher grade
intercepts in the foot wall of the controlling structure: hole 08RB2-41
intersected 0.209% U3O8 across a 1.50 m core length and hole 08RB2-42
intersected 0.323% across a 2.00 m core length. The higher grade intercept in
hole 08RB2-42 in the foot wall of the Lake Cinch structure is open both up- and
down-dip and laterally to the northeast.
At the River Zone, which is believed to be the eastern extension of the uranium
zones mined underground at the former Cenex mine, drilling was complicated by
technical factors that required three of the nine holes (08RB2-30, -34 & -35) to
be abandoned prior to reaching their targeted end of hole depth. Nevertheless,
this initial drilling has confirmed that at least some of the uranium zones that
were mined underground at Cenex continue to the east and to depth, as predicted
by former operators. At present, because of the relatively wide spacing between
the six completed holes at the Cenex River Zone, correlation between uranium
intercepts lacks certainty, hence estimates of the true widths of the
intersected zones is difficult. Nonetheless, Red Rock management remains
encouraged by these preliminary exploratory drill results at the Cenex River
Zone and plans further drilling on this target.
By consistently returning intercepts with significant radioactivity in every
hole, the 2008 drill results continue to add validity to the exploration method
and model employed by Red Rock. Management feels the core corporate objective
of exploring for new uranium zones that are in close proximity to Red Rock's
historic resources is beginning to meet its potential given the strong
exploration results from the 2008 program. In addition to the new Fusion Zone
discovery east of the former Lake Cinch mine underground workings, the 2008
program also resulted in the discovery at Cenex of an extension to the River
uranium zone which was previously mined underground to the west.
Red Rock is currently completing selected technical checking and interpretation
of results intended to document the 2008 exploration activities and to
facilitate future planning of drilling and a fieldwork program. This work
includes: (a) re-analysis of selected drill core samples and evaluation of all
2008 core assays, (b) assembly of drilling data into a 3D compilation to better
correlate individual uranium sub-zones at both the Fusion Zone and River Zone,
and (c) preparation of summary reports suitable for filing for assessment.
Finally, during early 2009 Red Rock will prepare an internal estimate of the
tonnes and grade of inferred resources identified by the 2008 exploratory
drilling. If this internal study indicates the level of inferred resources is
material, then Red Rock will commission an independent consultant to prepare a
NI 43-101 compliant report documenting the estimated resources that have been
identified.
Reg A. Olson, Ph.D., P. Geol., a Qualified Person under NI 43-101 and supervisor
of the 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 judgments 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: Highlights from Red Rock Energy Inc. 2008 Drill Campaign for holes
08RB2-32 to 08RB2-36 - Cenex Locale
----------------------------------------------------------------------------
Collar Elev
UTM UTM Azimuth, (masl)(2) From
Hole East'g(1) Nrth'g(1) Inclination EOH (m) (m)
----------------------------------------------------------------------------
08RB2-32 631560 6602630 360 degrees, 255, 16.00
-70 degrees 329.1
----------------------------------------------------------------------------
08RB2-32 266.50
----------------------------------------------------------------------------
08RB2-32 313.00
----------------------------------------------------------------------------
Including 314.50
08RB2-32
----------------------------------------------------------------------------
08RB2-33 631560 6602630 360 degrees, 255, 26.00
-50 degrees 242.4
----------------------------------------------------------------------------
151.00
----------------------------------------------------------------------------
Including 151.00
08RB2-33
----------------------------------------------------------------------------
08RB2-34 631435 6602649 360 degrees, 265, 51.00
-50 degrees 62.0
(Abd)(6)
----------------------------------------------------------------------------
Including 51.00
08RB2-34
----------------------------------------------------------------------------
08RB2-35 631435 6602649 360 degrees, 265,
-70 degrees 30.0
(Abd)
----------------------------------------------------------------------------
Core Average Grade
To Length U3O8 (Pounds
Hole (m) (m) U3O8/Ton)(3) Intersection Type
----------------------------------------------------------------------------
08RB2-32 17.00 1.00 0.088% Possible cross
(1.76 lbs) fracture above
River Zone(4)
----------------------------------------------------------------------------
08RB2-32 267.50 1.00 0.115% Possible
(2.3 lbs) extension
River Zone(5)
----------------------------------------------------------------------------
08RB2-32 317.50 4.50 0.067% Possible
(1.34 lbs) extension
River Zone
----------------------------------------------------------------------------
Including 316.00 1.50 0.169% Possible
08RB2-32 (3.38 lbs) extension
River Zone
----------------------------------------------------------------------------
08RB2-33 26.50 0.50 0.172% Possible cross
(3.44 lbs) fracture above
River Zone
----------------------------------------------------------------------------
152.50 1.50 0.065% Possible
(1.3 lbs) extension
River Zone
----------------------------------------------------------------------------
Including 151.50 0.50 0.121% Possible
08RB2-33 (2.42 lbs) extension
River Zone
----------------------------------------------------------------------------
08RB2-34 54.00 3.00 0.174% Possible cross
(3.48 lbs) fracture above
River Zone
----------------------------------------------------------------------------
Including 52.50 1.50 0.256% Possible cross
08RB2-34 (5.12 lbs) fracture above
River Zone
----------------------------------------------------------------------------
08RB2-35
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Collar Elev
UTM UTM Azimuth, (masl)(2) From
Hole East'g(1) Nrth'g(1) Inclination EOH (m) (m)
----------------------------------------------------------------------------
08RB2-36 631439 6602621 360 degrees, 265, 33.50
-60 degrees 418.9
----------------------------------------------------------------------------
Including 33.50
08RB2-36
----------------------------------------------------------------------------
08RB2-36 173.50
----------------------------------------------------------------------------
08RB2-36 179.50
----------------------------------------------------------------------------
Including 181.50
08RB2-36
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Core Average Grade
To Length U3O8 (Pounds
Hole (m) (m) U3O8/Ton)(3) Intersection Type
----------------------------------------------------------------------------
08RB2-36 35.50 2.00 0.117% Possible cross
(2.34 lbs) fracture above
River Zone
----------------------------------------------------------------------------
Including 34.50 1.00 0.213% Possible cross
08RB2-36 (4.26 lbs) fracture above
River Zone
----------------------------------------------------------------------------
08RB2-36 174.50 1.00 0.182% Possible
(3.64 lbs) extension
River Zone
----------------------------------------------------------------------------
08RB2-36 182.00 2.50 0.065% Possible
(1.3 lbs) extension
River Zone
----------------------------------------------------------------------------
Including 182.00 0.50 0.211% Possible
08RB2-36 (4.22 lbs) extension
River Zone
----------------------------------------------------------------------------
Table 1: Highlights from Red Rock Energy Inc. 2008 Drill Campaign for holes
08RB2-37 to 08RB2-42 - Lake Cinch Fusion Zone
----------------------------------------------------------------------------
Collar Elev
UTM UTM Azimuth, (masl)(2) From
Hole East'g(1) Nrth'g(1) Inclination EOH (m) (m)
----------------------------------------------------------------------------
08RB2-37 632287 6603228 310 degrees, 285, 81.00
-55 degrees 256.9
----------------------------------------------------------------------------
08RB2-38 632287 6603228 310 degrees, 285, 37.50
-70 degrees 266.6
----------------------------------------------------------------------------
Including 38.00
08RB2-38
----------------------------------------------------------------------------
08RB2-38 231.50
----------------------------------------------------------------------------
Including 231.50
08RB2-38
----------------------------------------------------------------------------
08RB2-39 632316 6603272 310 degrees, 285, 147.40
-55 degrees 260.30
----------------------------------------------------------------------------
08RB2-39 194.90
----------------------------------------------------------------------------
Including 195.40
08RB2-39
----------------------------------------------------------------------------
08RB2-40 632316 6603272 310 degrees, 285, 82.50
-70 degrees 311.40
----------------------------------------------------------------------------
Including 83.00
08RB2-40
----------------------------------------------------------------------------
08RB2-40 223.20
----------------------------------------------------------------------------
Core Average Grade
To Length U3O8 (Pounds
Hole (m) (m) U3O8/Ton)(3) Intersection Type
----------------------------------------------------------------------------
08RB2-37 82.00 1.00 0.059% Cross Frac
(1.18 lbs) Cinch(7)
----------------------------------------------------------------------------
08RB2-38 39.00 1.50 0.148% Cross Frac
(2.96 lbs) Cinch
----------------------------------------------------------------------------
Including 38.50 0.50 0.418% Cross Frac
08RB2-38 (8.36 lbs) Cinch
----------------------------------------------------------------------------
08RB2-38 235.00 3.50 0.036% Cinch MOF(8)
(0.72 lbs)
----------------------------------------------------------------------------
Including 233.50 2.00 0.044% Cinch MOF
08RB2-38 (0.88 lbs)
----------------------------------------------------------------------------
08RB2-39 148.40 1.00 0.120% Cross Frac
(2.4 lbs) Cinch
----------------------------------------------------------------------------
08RB2-39 197.40 2.50 0.055% Cinch MOF
(1.1 lbs)
----------------------------------------------------------------------------
Including 196.40 1.00 0.078% Cinch MOF
08RB2-39 (1.56 lbs)
----------------------------------------------------------------------------
08RB2-40 86.00 3.50 0.173% Cross Frac
(3.46 lbs) Cinch
----------------------------------------------------------------------------
Including 85.00 2.00 0.288% Cross Frac
08RB2-40 (5.76 lbs) Cinch
----------------------------------------------------------------------------
08RB2-40 224.20 1.00 0.068% Cinch MOF
(1.36 lbs)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Collar Elev
UTM UTM Azimuth, (masl)(2) From
Hole East'g(1) Nrth'g(1) Inclination EOH (m) (m)
----------------------------------------------------------------------------
08RB2-41 632353 6603300 305 degrees, 280, 156.60
-55 degrees 284.60
----------------------------------------------------------------------------
0RB2-41 187.90
----------------------------------------------------------------------------
Including 190.40
08RB2-41
----------------------------------------------------------------------------
08RB2-41 206.90
----------------------------------------------------------------------------
Including 207.40
08RB2-41
----------------------------------------------------------------------------
08RB2-41 272.50
----------------------------------------------------------------------------
Including 273.00
08RB2-41
----------------------------------------------------------------------------
08RB2-42 632353 6603300 305 degrees, 280, 52.50
-75 degrees 335.60
----------------------------------------------------------------------------
08RB2-42 202.50
----------------------------------------------------------------------------
Including 202.50
08RB2-42
----------------------------------------------------------------------------
08RB2-42 218.50
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Core Average Grade
To Length U3O8 (Pounds
Hole (m) (m) U3O8/Ton)(3) Intersection Type
----------------------------------------------------------------------------
08RB2-41 157.60 1.00 0.182% Cross Frac
(3.64 lbs) Cinch
----------------------------------------------------------------------------
0RB2-41 192.40 4.50 0.037% Cinch MOF,
(0.74 lbs) upper zone
----------------------------------------------------------------------------
Including 191.90 1.50 0.054% Cinch MOF,
08RB2-41 (1.08 lbs) upper zone
----------------------------------------------------------------------------
08RB2-41 209.90 3.00 0.059% Cinch MOF,
(1.18 lbs) lower zone
----------------------------------------------------------------------------
Including 207.90 0.50 0.114% Cinch MOF,
08RB2-41 (2.28 lbs) lower zone
----------------------------------------------------------------------------
08RB2-41 274.00 1.50 0.209% Cross Frac
(4.18 lbs) Cinch
----------------------------------------------------------------------------
Including 274.00 1.00 0.293% Cross Frac
08RB2-41 (5.86 lbs) Cinch
----------------------------------------------------------------------------
08RB2-42 53.50 1.00 0.153% Cross Frac
(3.06 lbs) Cinch
----------------------------------------------------------------------------
08RB2-42 204.00 1.50 0.051% Cross Frac
(1.02 lbs) Cinch
----------------------------------------------------------------------------
Including 203.00 0.50 0.119% Cross Frac
08RB2-42 (2.38 lbs) Cinch
----------------------------------------------------------------------------
08RB2-42 220.50 2.00 0.134% Cross Frac
(2.68 lbs) Cinch
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Collar Elev
UTM UTM Azimuth, (masl)(2) From
Hole East'g(1) Nrth'g(1) Inclination EOH (m) (m)
----------------------------------------------------------------------------
Including 218.50
08RB2-42
----------------------------------------------------------------------------
including 220.00
08RB2-42
----------------------------------------------------------------------------
08RB2-42 238.50
(Cont.)
----------------------------------------------------------------------------
Including 239.00
08RB2-42
----------------------------------------------------------------------------
08RB2-42 244.50
----------------------------------------------------------------------------
Including 250.50
08RB2-42
----------------------------------------------------------------------------
08RB2-42 288.00
----------------------------------------------------------------------------
Core Average Grade
To Length U3O8 (Pounds
Hole (m) (m) U3O8/Ton)(3) Intersection Type
----------------------------------------------------------------------------
Including 219.00 0.50 0.357% Cross Frac
08RB2-42 (7.14 lbs) Cinch
----------------------------------------------------------------------------
including 220.50 0.50 0.176% Cross Frac
08RB2-42 (3.52 lbs) Cinch
----------------------------------------------------------------------------
08RB2-42 242.00 3.50 0.054% Cinch MOF,
(Cont.) (1.08 lbs) upper zone
----------------------------------------------------------------------------
Including 240.00 1.00 0.102% Cinch MOF,
08RB2-42 (2.04 lbs) upper zone
----------------------------------------------------------------------------
08RB2-42 254.50 10.00 0.044% Cinch MOF,
(0.88 lbs) lower zone
----------------------------------------------------------------------------
Including 253.00 2.50 0.169% Cinch MOF,
08RB2-42 (3.38 lbs) lower zone
----------------------------------------------------------------------------
08RB2-42 290.00 2.00 0.323% Uraniferous
(6.46 lbs) cross fracture
in foot wall
----------------------------------------------------------------------------
(1)Note: UTM Eastings and Northings are given for a datum of NAD83, Zone
12N.
(2)Note: Elevation in masl refers to approximate metres above sea level.
(3)Note: Pounds and ton are imperial weight measures hence 1 short ton
equals 2,000 imperial pounds. In contrast 1 metric tonne equals
2,204 lbs.
(4)Note: Cross-fracture refers to uranium-bearing structures that exist in
the hangingwall or footwall of the Cenex River Zone Fault and ore
zones structure.
(5)Note: Cenex River Ore Zones refers to several subparallel uranium ore
zones that were mined underground at the former Cenex mine.
(6)Note: Hole was abandoned due to drilling complications prior to reaching
planned target depth.
(7)Note: Cross-fracture refers to uranium-bearing structures that exist in
the hanging wall or foot wall of the Cinch Main Ore Fault Zone.
(8)Note: Cinch MOF means Lake Cinch Main Ore Fault or Shear Zone.
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