Red Rock Resources plc announced a higher gold grade while ounces decreased in a new mineral resource estimate (MRE) at the Mikei gold project in Migori, Kenya. The company also now its first 14, mainly shallow, new drill hole locations which will be tested while it plans further programmes for infill and step-out drilling and […]
Tag: Red Rock Resources plc
Red Rock receives £1m via placing
Red Rock Resources plc has raised £1 million by way of placing 95,238,095 new ordinary shares of 0.01 pence each in the company at a price of 1.05p per share. The company plans to issue non-transferable warrants, with a life of two years and an exercise price of 2 pence, to subscribers to the placing […]
RRAL expects to drill at Victoria gold fields in 2021
Red Rock Resources Australasia Pty Ltd (RRAL) said it expected exploration would confirm “significant mineralisation” ahead of drilling later this year at its new licences in the Victoria gold fields, Australia. The joint venture company, owned by Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%), said it was fast tracking exploration efforts […]
Power Metal to accelerate JV in Victoria gold fields
Power Metal Resources plc said it would accelerate its gold exploration joint venture Red Rock Australasia Pty Ltd (RRAL) following findings in a new technical report. JOINT VENTURE RRAL is a joint venture company 49.9% owned by Power Metal and 50.1% by Red Rock Resources plc. Power Metal chief executive Paul Johnson, and Red Rock Resources […]
Red Rock-Power Metal eye Donnybrook gold field
Red Rock Australasia Pty Ltd (RRAL) joint venture has applied for a fourth licence for a new area in the Victoria gold fields, Australia. KILMORE WEST The JV comprises Red Rock Resources plc holding 50.1% and Power Metal Resources plc with 49.9%. Tenement EL007460, Kilmore West, covers 349 km2 and holds numerous former mine workings […]