New Ballarat Gold Corporation plc (NBGC) said it had found visible gold in the first three holes drilled at the Berringa gold mine within the wider joint venture (JV) project in Victoria, Australia. DRILL PROGRAMME Company partners Red Rock Resources plc (51.1%) and Power Metal Resources plc (49.9%) have also renewed the exploration licence covering […]
Tag: New Ballarat Gold Corporation (NBGC) plc
New Ballarat extends Victoria licences
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 […]
New Ballarat starts 1,000m drilling Berringa
New Ballarat Gold Corporation plc has begun a diamond drill programme at the historic former producing mine of Berringa in the Victoria gold fields of southeast Australia. JOINT VENTURE The joint venture (JV) company comprises Red Rock Resources plc (50.1%) and Power Metal Resources (49.9%). PROGRAMME The JV plans 1,000 metres of diamond drilling with […]
New Ballarat exploration manager David Holden resigns as director
New Ballarat Gold Corp’s exploration manager David Holden has resigned as a board director. The joint venture (JV) company comprises Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%), and has a 100% interest in Red Rock Australasia Pty Ltd. The JV appointed Mr Holden as a board director in March 2021. Companies House […]
New Ballarat completes Berringa acquisition
New Ballarat Gold Corporation plc has completed the acquisition of the historic Berringa gold mine in the Victoria gold fields in Australia. LICENCE The joint venture subsidiary is between Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). The subsidiary’s holding company Red Rock Resources Australasia plc (RRAL) initially signed the agreement in […]
New Ballarat notes ‘considerable potential’ for Ajax
New Ballarat Gold Corporation plc (NBGC) reported “considerable potential” for its joint venture (JV) Ajax mine in Australia. AJAX LINE The JV is a subsidiary between Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). NBGC has a 100% interest in operator Red Rock Australasia Pty Ltd (RRAL), focusing on the Victoria gold fields. Licence […]