Business
Victoria Goldfields - Beringa Update
Victoria Goldfields - Beringa Update.
About this update from Red Rock Resources Plc
[{"type":"text","content":"\n \n \n 16 February 2023\n \n \n \n Red Rock Resources PLC\n \n \n \n \n (\"Red Rock\" or the \"Company\")\n \n \n \n \n Victoria Goldfields Australia - Berringa Gold Mine Drilling/Corporate Update\n \n \n \n Red Rock Resources Plc (LON:RRR), \n a natural resource development company with interests in gold and base metals, principally in Africa and Australia,\n announces an update in relation to the tenement holdings and exploration activity of the Company's Victoria Goldfields joint venture (\"JV\").\n \n \n \n Andrew Bell, Chairman of Red Rock Resources Plc commented:\n \n \n \n \n \"We have successfuly renewed the exploration licence covering the historic Berringa gold mine, where we are currently undertaking a diamond drill programme, which is a significant development for our Victoria Goldfields JV.\n \n \n \n \n The drilling is progressing well with three drill holes completed to date. Visible gold has been encountered in all three holes. This shows the accurate targeting of the structures by the geological team, and we look forward to receipt of detailed assay data as soon as possible.\n \n \n \n \n Geologically, all drillholes completed thus far have successfully intersected the down dip and along strike extensions of the target mineralised zones.\n \n \n \n \n We believe our JV in the Victoria Goldfields is adding value with each stage of the exploration work.\"\n \n \n \n \n HIGHLIGHTS:\n \n \n \n - The Company's inaugural drilling programme, designed to test for the downdip and along strike extensions of the historical Berringa Gold Mine, is progressing well with three holes now completed totalling 655.9m of the originally planned 1000m. Drilling of the programme's fourth hole, BED23004, is expected to start shortly.\n \n \n \n \n \n - \n All holes which have been drilled and logged to date have successfully intersected target geological formations and demonstrated visible gold within extensions of the Berringa mineralised lode's including:\n \n \n \n \n \n \n \n \n \n \n \n \n o \n Drillhole (\"DH\") BED23001 (targeting South Birthday Zone): Successfully intersected a 9m wide mineralised quartz vein from 380.5-389.5m downhole as well as another 0.20m mineralised quartz vein from 421-421.2m downhole including minor visible gold mineralisation.\n \n \n o \n Drill...