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Red Rock's Andrew Bell updates on gold plans as the metal hits a new record high

Red Rock Resources PLC's (LON:RRR) Andrew Bell caught up with Proactive London's Andrew Scott as the gold price hit a new all-time high of $1940/oz. Red Rock's in joint venture in Australia with Power Metal Resources PLC (LON:POW) over eleven licence applications in the Victoria Goldfields. They've recently updated on progress at the Blue Ribbon license revealing 19th-century data records have shown historical production of 70,000 ounces of gold over two kilometres of the Dead Horse Lead while six gold nuggets between 10 oz and 85 oz have been recorded from workings by the Ballarat Extension Company at the site. Red Rock also has gold interests in Kenya which it is now advancing.

Quick facts: Red Rock Resources PLC

Price: 0.54 GBX

AIM:RRR
Market: AIM
Market Cap: £3.76 m
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Power Metal Resources 'buoyed' by recent gold exploration discoveries near...

Mining Capital's Alastair Ford discusses Power Metal Resources' (LON:POW) JV in Australia with Red Rock Resources (LON:RRR). Ford says their projects are in the vicinity of several famous gold mines that are already producing including Fosterville. ''The company's got a significant swathe of...

on 19/6/20

2 min read