16th Jul 2020 21:28
Red Rock Resources PLC and Power Metal Resources PLC - the exploration & development companies - Reprot an update from the Blue Ribbon project, in which Power Metal has a 49.9% interest and Red Rock holds the remainder. The historical records show reported production of 70,000 ounces of gold over 2 kilometres of the Deadhorse Lead within the Blue Ribbon project area. The primary exploration target is the northern extension of the Ballarat West Goldfield, assumed to be the source of the palaeoplacer gold on the tenement. Next exploration steps include finalisation of drill targets and implementation of a three hole, 1,000 metre drill program, subject to license grant and local approvals.
Red Rock current stock price: 0.39 pence
Year-to-date change: down 9.3%
Power Metal current stock price: 0.39 pence
Year-to-date change: up 71%
By Evelina Grecenko; [email protected]
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