Red Rock Resources has completed its drilling programme at the Berringa Gold Mine Project located in the Victorian Goldfields in Australia.
In joint venture with Power Metal Resources PLC (AIM:POW), The diamond drill programme was designed to test three priority targets at Berringa, a former high-grade producing gold mine, to improve the structural understanding of the deposit area.
Four of the six drill holes completed as part of this programme encountered visible gold.
In the final hole drilled, visible gold was encountered at 133.55m within a broader quartz vein located approximately 100 metres east of the main Berringa line of workings.
Due to ground conditions, drilling was terminated at 158m while still in the quartz veining, meaning the 30-metre-wide intersection remains open downhole.
The majority of drill core samples are currently undergoing assay testing at an accredited laboratory in Ballarat.
"I am delighted to confirm that drilling is now complete at Berringa, said Sean Wade, chief executive officer of Power Metal Resources. “I want to personally thank our in-country exploration and drilling teams for their hard work in completing this drilling programme, and we now eagerly await final assay results."