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Rockfire Resources Plc
Summary
| Project: | Lighthouse | |
|---|---|---|
| Deposit: | Double Event | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-11-2018: Rockfire Resources Plc announces an Exploration/Drilling Update report for its Double Event deposit at the Lighthouse project. Drilling results incl. 5m @ 6.39g/t Au from 27m. Rockfire Resources (LON: ROCK), is delighted to inform shareholders | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Price (Internal) | |
| ABSTRACT: | Rockfire Resources (LON: ROCK), is delighted to inform shareholders that its recent drilling at the Double Event Prospect in Queensland has intersected bonanza grade gold up to 26.90 g/t Au. This drilling has defined a further 300m of mineralised strike at Double Event, which forms part of the Lighthouse tenement and opened up the Kookaburra Licence, which is now known to host potentially economic gold grades near surface. Chief Executive Officer of Rockfire Resources, David Price commented: "We are thrilled with these results, which starts to demonstrate the potential of the Double Event vein system. Having now drilled over the boundary into the Kookaburra licence, this opens up enormous potential within this tenement, which was only recently pegged by Rockfire. The Kookaburra licence has an additional 1.5km of the same vein system length to explore further to the west." "The most exciting aspect of this drilling, (aside from the high grade, near-surface gold), is discovering that this vein system is now over 4.5km in length, with two sections of 400m each now having been demonstrated to contain potentially economic grades and potentially mineable widths". "In 1987, Battle Mountain drilled 7 holes in the area recently drilled by Rockfire. These holes were disappointing, with only 29% of holes intersecting gold. Following detailed surface mapping, high-resolution ground magnetics and rock chip sampling by the Rockfire team, it was considered that the holes drilled in 1987 were drilled too far to the south and failed to adequately test the vein system. By siting the holes further to the north, and obtaining such pleasing gold intercepts, our geologists have demonstrated that meticulous, quality, geological mapping and conceptual thinking will find orebodies". | |
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