Red Rock Energy Inc.
TSX VENTURE : RRK

Red Rock Energy Inc.

June 10, 2008 15:07 ET

Red Rock Commences Detailed Geological Mapping at RB1, RB2 & RB3

CALGARY, ALBERTA--(Marketwire - June 10, 2008) - Red Rock Energy Inc. (TSX VENTURE:RRK) announced today that on May 27 and June 3 four consulting geological specialists were mobilized to Uranium City to begin detailed geological mapping and related studies intended to improve the focus of future drilling at the RB1 and RB2 claim blocks, and to identify selected targets warranting drilling at the RB3 block.

These specialists include:

(a) Dr. Peter Thompson, a consulting metamorphic/regional geologist formerly with the Geological Survey of Canada, to perform detailed geological mapping in the vicinity of the former Lake Cinch - Cenex mines within the RB2 claim block;

(b) Dr. R. Hartlaub, who recently completed his Ph.D. in the Beaverlodge Uranium District, to perform detailed geological mapping in the vicinity of the Red Fault No. 11 and No. 21 uraniferous zones within the RB1 block;

(c) Ms. B. Knox, who is completing her M.Sc. on an area of Precambrian Shield near Fond du Lac in northern Saskatchewan, to perform follow-up work on radioactive zones and local detailed geological mapping within Red Rock's RB3 block; and

(d) a consulting structural geologist who will work with Drs. Thompson and Hartlaub to investigate key structural constraints on uranium-bearing zones within the RB1 and RB2 blocks.

In addition, an introductory overview of the Beaverlodge Uranium District geology will be provided by Dr. Ken Ashton of the Saskatchewan Geological Survey during a two-day visit planned for early June. The work of these specialists is being assisted by Red Rock permanent geological staff, and is expected to be complete by early July.

At some point in the period from July to mid-October, and following completion of these studies, Red Rock staff will continue field work which will include follow-up prospecting to investigate known and newly discovered radioactive zones as well as detailed geological mapping, radiometric surveys and geological examinations of more prospective targets identified within each of RB1, RB2 and RB3.

In reviewing the program of field work planned for this summer and fall, Sandy Loutitt, President of Red Rock, commented: "This work is intended to follow-up targets identified by the extensive compilation of data that Red Rock has undertaken over the last two years. Our belief is that the field work will substantially aid in establishing better definition for our geological model. In turn, the intelligence so gathered can be extrapolated to further define the many showings identified in the Red Rock compilation. It is expected the ground follow up of these exploration targets will lead to targets that will warrant drill testing during either late 2008 or to be included in plans for 2009. Of course, these will be in addition to the numerous drill targets identified in Red Rock's NI 43-101 report."

Reg A. Olson, Ph.D., P. Geol., a Qualified Person under NI 43-101 and supervisor of the 2008 field exploration and drill program, 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Red Rock Energy Inc.
    Sandy Loutitt
    President
    (403) 685-1047
    or
    Red Rock Energy Inc.
    Lara Cull
    Operations Manager
    (403) 685-1047
    Website: www.redrockenergy.ca