New Ballarat Gold Corporation plc joint venture (JV) has paused drilling to await assay results from exploration in the Victorian gold fields, Australia. JOINT VENTURE The JV comprises Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). New Ballarat has a 100% interest in Red Rock Australasia Pty Ltd (RRAL). INITIAL RESULTS The company completed […]
Tag: Red Rock Resources plc
Red Rock encouraged by Mikei drill results
Red Rock Resources plc said it was extremely encouraged with initial results from its exploration drill programme in the mid-KKM prospect at the Mikei gold project, Kenya. PROGRAMME In its 2021 Phase 1 reverse circulation drilling, the company completed 20 drill holes for 2,093 metres. Today’s results are from nine holes and comprise the first […]
Red Rock obtains $2.5m payment order for Katanga partner
Red Rock Resources plc said it had obtained a $2.5 million payment order instructing its joint venture partner in the copper-cobalt licences in Katanga, the Democratic Republic of Congo. VINDICATION The company, with 50.1%, ownership, obtained the order from the Commercial Court in Lubumbashi instructing Vumilia Pendeza SA (VUP) to pay it $2,505,000 as a […]
New Ballarat starts inaugural diamond drill in Victoria
New Ballarat Gold Corporation plc (NBGC) has started its inaugural diamond drill and added a new 489km2 exploration licence in the Victoria gold fields, Australia. NEW LICENCE The joint venture company is between Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). New Ballarat owns 100% of local operating subsidiary Red Rock Australasia Pty […]
Red Rock progresses Kenya gold exploration
Red Rock Resources plc has progressed exploration drilling at its gold licence interests in southwest Kenya. WESTERN LICENCE The company holds a 75% direct interest in Mid Migori Mining Company Ltd which controls a 723 koz JORC gold resource within two exploration licences in the Migori greenstone belt. The asset comprises the Mikei resource with […]
New structure for Red Rock-Power Metal JV in Victoria
Red Rock Resources plc and Power Metal Resources plc announced a new business structure ahead of a drill programme in their Victoria gold fields joint venture, Australia. ADDITIONAL LICENCE Red Rock has exchanged shares in its JV Red Rock Australasia Pty Ltd for 50.1% of the newly formed New Ballarat Gold Corporation (NBGC) plc. Power […]