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Power Metal Resources to increase gold acreage in the 'go-to district for gold' with new license applications

Power Metal Resources PLC (LON: POW) CEO Paul Johnson tells Proactive the the AIM-listed firm's joint venture with Red Rock Resources PLC has applied to expand its gold acreage in Victoria, Australia with the acquisition of an additional 581sq km in the Ballarat Goldbelt.

Johnson says its an exciting time for the company as Victoria is an 'absolute hot bed at the moment' and the 'go-to district for gold.'

Quick facts: Power Metal Resources

Price: 1.825 GBX

AIM:POW
Market: AIM
Market Cap: £15.04 m
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Red Rock Resources submits new licence applications to explore Victoria...

Red Rock Resources PLC (LON:RRR) chairman Andrew Bell tells Proactive it has applied for new licences in the Victoria Goldfields of Queensland, Australia through its joint venture Red Rock Resources Australasia with Power Metal Resources PLC (LON:POW). Bell says the ground under application...

on 05/19/2020

2 min read