Power Metal and Red Rock update on exploration at Australian JV
Red Rock Australia has undertaken a sampling and mapping programme to identify potential southern extensions to the main lode systems of Ballarat East
Power Metal Resources PLC (LON:POW) and Red Rock Resources PLC (LON:RRR) have issued an update on the exploration efforts of Red Rock Australia Pty Ltd (RRAL), a joint venture (JV) in which the companies own 49.9% and 50.1% stakes respectively.
The update said that following the announcement of commencement of exploration on recently granted exploration licences on February 3, RRAL has undertaken a sampling and mapping programme to identify potential southern extensions to the main lode systems of Ballarat East in the province of Victoria through looking for low level gold anomalism and pathfinder elements and to evaluate the relative effectiveness of X-ray Fluorescence (XRF) and Mobile Metal Irons (MMI) testing in the region, as part of a programme of work to con
Australia Gold Joint Venture - Exploration Update Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company is pleased to announce an exploration update in respect of Red Rock Australasia Pty Ltd ( RRAL ) a joint venture company with gold exploration interests near the historic mining centre of Ballarat in the Victoria Goldfields. Power Metal has a 49.9% interest in RRAL, with Red Rock Resources plc ( Red Rock )(LON:RRR) holding a 50.1% interest. Highlights: · Further to the Company s announcement of 3 February 2021 announcing the commencement of exploration on recently granted exploration licences a sampling and mapping programme has been undertaken.
23 April 2021 Red Rock Resources Plc, the natural resource development company with interests in gold, manganese and base metals, announces, further to the announcement of 3 February 2021, an update in respect of Red Rock Australasia Pty Ltd ( RRAL ) a joint venture company with gold exploration interests near the historic mining centre of Ballarat in the Gold Fields of Victoria. Red Rock owns 50.1% of RRAL, with 49.9% being owned by Power Metal Resources plc (AIM:POW). Highlights: · Further to the Company s announcement of 3 February 2021 announcing the commencement of exploration on recently granted exploration licences a sampling and mapping programme has been undertaken. · The programme objectives were to identify southern extensions to the main lode systems of Ballarat East through looking for low level gold anomalism and pathfinder elements and to evaluate the relative effecti