New Ballarat Gold Corporation plc (NBGC) joint venture (JV) has received positive rock sampling results of gold mineralisation surrounding Ballarat mine in the Victoria gold fields, Australia. ROCK SAMPLING The JV, planned for listing, is between Red Rock Resources plc (50.1%) and Power Metal (49.9%). The results were published as NBGC announced it was granted […]
Tag: 2023 drilling campaign
United finds no hydrocarbons in ASW-1X
United Oil & Gas plc noted no hydrocarbons following completion of drilling operations on the ASW-1X exploration well at the Abu Sennan joint venture (JV) licence, onshore Egypt. RESULTS Operator Kuwait Energy Egypt (78%) drilled the well to a total depth of 3,640 metres, 10 days ahead of schedule and under budget. “Although the well […]