New Ballarat Gold Corp (NBGC) has now found visible gold in four of six completed diamond drill holes for a total 988 metres at Berringa mine in the Victoria gold fields in Australia. JOINT VENTURE The company, planned for listing, is a joint venture (JV) between Red Rock Resources plc (51.1%) and Power Metal Resources […]
Tag: Red Rock Resources plc
New Ballarat finds visible gold in first Berringa drill holes
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 […]
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 […]
Red Rock losses rise from Africa-Australia costs
Red Rock Resources plc reported an increase in losses of more than £1 million from its interests in Africa and Australia. FINANCES The company’s final audited results for the year ended 30 June 2022 showed that it had yet to generate revenue from its operations. Pre-tax loss of £2,800,000 (2021: loss of £1,699,000) was attributed […]
Red Rock to own 50% of Tin Hill lithium subsidiary
Red Rock Resources plc said it expected to own 50% of its Zimbabwe lithium subsidiary which is preparing for small scale trial production at the Tin Hill project in the southeast of the country. TIN HILL The property lies 29km northwest of Bikita which is one of two lithium mining centres along with Arcturus. African […]
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 […]