Oct 26 2010
Red Rock Energy Inc. (TSX VENTURE:RRK) announced today that it has successfully completed a program of summer fieldwork on its Uranium City properties and has had assessment work documenting its 2008 and 2009 field exploration programs approved.
Building upon its thorough 2009 fieldwork program and the collection, integration and analysis of historical data, the 2010 program focused on selected targets that required further detailed geological mapping and examinations. This work took place in the vicinity of the former Eldorado Nuclear Limited Fay-Ace-Verna mines and in the Eagle and Lorado areas. Early results indicate that Red Rock has identified new drill targets that have the potential to add additional resources to its 1.34 million lbs of U3O8 of inferred resources that were discovered at the Fusion Zone and East Target.
In late September the Mines Branch of the Saskatchewan government approved assessment work for Red Rock's 2008 and 2009 programs ensuring that its core group of claims totaling 24,498 ha will be kept in good standing until 2020. This important step in the process illustrates Red Rock's commitment to ensuring that capital expenditures end up in final exploration, which generates the greatest potential to produce additional resources. Equally important is that this will allow Red Rock to continue the process of identifying, evaluating and analyzing new drill targets and selected areas that require further geological mapping and examinations.
Source: Red Rock Energy Inc.