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Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - and Red Rock Resources PLC - London-based natural resource development company with interests in Africa and Australia - Joint venture New Ballarat Gold Corp completes assessment of licence in Victoria Goldfields containing the historic Ajax mines, which confirms initial historical target of 254,318 tonnes to 1.42 million tonnes at a grade range of 6.4 grams per tonne to 18.7 g/t.
Only near-term targets have been defined so far, with additional targets likely down strike. First phase of drilling is expected to take place before the end of 2022.
Current Power Metal Resources stock price: 0.89 pence
12-month change: down 57%
Current Red Rock Resources stock price: 0.53 pence
12-month change: down 24%
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