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: Victoria gold fields – Ballarat – Australia
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 […]
Red Rock-Power Metal granted more licences
Red Rock Resources plc and Power Metal Resources plc joint venture has been granted three further exploration licences in the Victoria gold fields of Australia. EXPLORATION Red Rock Resources Australasia Pty Ltd (RRAL)’s subsidiary is New Ballarat Gold Corporation plc (NBGC). Red Rock holds 50.1% and Power Metal owns 49.9% in NBGC which now has 14 […]
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 […]
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 […]