Business
Australian Gold Joint Venture - Operational Update
Australian Gold Joint Venture - Operational Update.
About this update from Red Rock Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 4332S\n Red Rock Resources plc\n 08 July 2020\n \n \n \n \n Red Rock Resources PLC\n \n \n (\"Red Rock\" or the \"Company\")\n \n \n \n \n \n Australia Gold JV - Operational Progress Update\n \n \n \n \n \n 8 July 2020 \n \n \n \n \n \n Red Rock Resources Plc, the natural resource development company with interests in gold, manganese and other minerals, is pleased to announce an update on its joint venture subsidiary Red Rock Australasia Pty Ltd (\"JV\" and \"RRAL\"). \n \n \n Highlights:\n \n \n •\n OreTeck Mining Solutions of Melbourne, Victoria are currently finalising a \"Geological Review and Development of Exploration Strategy\" on the exploration license areas. \n \n \n · \n Caracle Creek Chile SpA has been appointed to produce a National Instrument 43-101 Technical Report in respect of the gold tenements comprising eleven licence applications by RRAL covering 1,839 sq km in the Victoria Goldfields, Australia (the 'Project').\n \n \n • RRAL has applied for a further small 4 sq km gold exploration license, EL007385, to be named the Sardinia prospect, filling a gap adjacent to EL007282. \n \n \n · \n RRAL has set up a Technical Advisory Board including Victoria-based geologists to advise and co-ordinate on technical matters in connection with a possible listing and has appointed initial members. \n \n \n \n Red Rock Chairman Andrew Bell comments\n \n :\n \n \n \"RRAL is progressing its understanding of the gold tenements in Victoria Australia and the appointments of OreTeck and Caracle Creek Chile SpA, and the formation of a Technical Advisory Board, are important steps in that process.\n \n \n The NI 43-101 report is an essential precursor of any decision to list the RRAL assets.\n \n \n RRAL is gathering data into a historical exploration database across the application areas and the full report will be reported when received\".\n \n \n Further Information:\n \n \n Sardinia Project is located 15 km north-west of Daylesford and covers an area of 4 sq km. It adjoins EL007282, the Blue Sky Project, also applied for by RRAL.\n \n \n \n \n \n Historic reports available on the Geovic database (principally Highlake Exploration Ltd report on EL 3461, Nov 1994) note discovery of the Sardinia Reef in 1860, and report that 50 oz per ton was obtained from the firs...