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Red Rock's Andrew Bell updates on gold plans as the metal hits a new record high

Red Rock Resources PLC's (LON:RRR) Andrew Bell caught up with Proactive London's Andrew Scott as the gold price hit a new all-time high of $1940/oz. Red Rock's in joint venture in Australia with Power Metal Resources PLC (LON:POW) over eleven licence applications in the Victoria Goldfields. They've recently updated on progress at the Blue Ribbon license revealing 19th-century data records have shown historical production of 70,000 ounces of gold over two kilometres of the Dead Horse Lead while six gold nuggets between 10 oz and 85 oz have been recorded from workings by the Ballarat Extension Company at the site. Red Rock also has gold interests in Kenya which it is now advancing.

Quick facts: Red Rock Resources PLC

Price: 0.5914 GBX

Market: AIM
Market Cap: £4.12 m

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Power Metal Resources to accelerate gold exploration work in Australia

Power Metal Resources PLC's (LON:POW) Paul Johnson says an upsurge in interest in the Victoria Goldfields area in Australia has encouraged its joint venture with Red Rock Resources to accelerate its plans in the region. Red Rock Australasia (RRAL), the joint venture, has applied for ten licences...

on 25/6/20

2 min read