Business
Victoria Goldfields - Berringa Drilling Results
Victoria Goldfields - Berringa Drilling Results.
About this update from Red Rock Resources Plc
[{"type":"text","content":"\n\n5 May 2023\nRed Rock Resources PLC\n(\"Red Rock\" or the \"Company\")\nVictoria Goldfields Australia - Berringa Drilling Results\nAssay Results Return Gold from all Drillholes; Confirms Down-Dip and Along-Strike Extension of Mineralised Quartz Reefs\nRed Rock Resources Plc, a natural resource development company with interests in gold and base metals, principally in Africa, announces an exploration update from the Company's Berringa Gold Mine Project (\"Berringa\" or the \"Project\"), which forms part of the Victorian Goldfields joint-venture with Power Metals Resources Plc (\"JV\") in Victoria, Australia.\nOn 15 March 2023 the Company issued an update following completion of the 2022/2023 drilling campaign at Berringa. The link to this announcement can be found below:\nhttps://www.londonstockexchange.com/news-article/RRR/victoria-goldfields-australia-drilling-update/15877023\nHIGHLIGHTS:\n\n\n\n\nProgramme Highlights\n\n\nExplanation\n\n\n\n\n \n\n\n \n\n\n\n\nDrilling Overview\n\n\nThe Diamond Drilling programme consisted of 988 metres in six drillholes, four of which encountered visible gold mineralisation.\n\n\n\n\nExtensive Gold Confirmed\n\n\nAll drillholes returning gold mineralisation in laboratory assay test results.\nMultiple gold (Au) mineralised intersections were encountered including drillhole BE23D002 which returned 5.2m at 2.38g/t Au including 0.2m at 34.76g/t Au, and BE23D006 which returned 3.5m at 5.43g/t Au including 0.7m at 23.9g/t Au.\n\n\n\n\nThe \"Nugget Effect\"\n\n\nVariability in grade was experienced due to \"nugget effect\" typical of the area, and this led to changes in the sampling protocol. Additional drilling will be needed to determine a representative grade.\n\n\n\n\nKey Objectives Met\n\n\nKey objectives of this drill programme have been met with drilling successfully intersecting the down dip and along strike extensions of previously mined Berringa gold mineralised quartz reefs. As the gold is hosted in the quartz reef the identification of a larger volumes of quartz reef is a positive development.\n\n\n\n\nExtensive Quartz Reef Confirmed in Final Hole\n\n\nThe final drillhole BE23D006 intersected a more than 30-metre-wide quartz reef intersection approximately 100 metres east of the main Berringa line of workings. The hole was ended while still in mineralisation and so is o...