Business
Drilling begins at Historic Berringa Gold Mine
Drilling begins at Historic Berringa Gold Mine.
About this update from Red Rock Resources Plc
[{"type":"text","content":"\n \n \n \n Red Rock Resources PLC\n \n \n \n \n (\"Red Rock\" or the \"Company\")\n \n \n \n \n Drilling Begins at Historic Berringa Gold Mine\n \n \n \n 13 December 2022\n \n \n Red Rock Resources PLC (LON:RRR), a natural resource development company with interests in gold and base metals, principally in Africa and Australia, announces an update in relation to the exploration programmes being carried out by joint venture subsidiary New Ballarat Gold Corporation plc (\"JV\" or \"NBGC\") in the Victoria Goldfields of Australia. Exploration is carried out by Red Rock Australasia Pty Ltd (\"RRAL\"), the 100% owned Australian operating subsidiary of NBGC.\n \n \n Further to the announcement of the acquisition of the Berringa Gold Mine on 22 September 2022, Red Rock announces that diamond drilling has begun at the\n historic Berringa Gold Mine (\"Berringa\" or the \"Project\"), near Ballarat in the Victoria Goldfields.\n \n \n \n HIGHLIGHTS:\n \n \n \n §\n Diamond drill rig has been mobilised to site and drilling has commenced at the historic Berringa former high-grade producing gold mine in the Victoria Goldfields.\n \n \n §\n Planned 1,000 metres of diamond drilling with an estimated 5 drill holes into 3 priority targets to test for the extension of previously mined gold mineralisation.\n \n \n §\n Expedited assay testing arrangements in place with batch sampling process expected to deliver first assay results in early 2023.\n \n \n §\n A video showing the planned drill programme may be viewed through the following link:\n \n \n \n https://www.youtube.com/watch?v=825WYdDVdyQ\n \n \n \n \n The cost of the drill programme to NBGC is estimated at approximately AUD 350,000.\n \n \n \n Red Rock Chairman Andrew Bell comments: \n \n \n \n \"We have now begun our diamond drilling campaign targeting three high-priority targets within the historical Berringa Gold mine. This has been some time in the planning as we refined and interpreted our 3-D model derived from old workings and data.\n \n \n \n At Berringa, historical production of high-grade gold has amounted to 293,250 ounces at 8.3 g/t and we now start to test the hypothesis that there is a considerable gold endowment remaining. This drill programme is not large, but will at minimum provide valuable information, and at maximum may identify the continuation of high gra...