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Rockfire Resources Plc
Summary
| Project: | Lighthouse | |
|---|---|---|
| Deposit: | Plateau | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/12/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-12-2019: Rockfire Resources Plc announces an Exploration/Drilling Update report for its Plateau deposit at the Lighthouse project. Drilling results incl. 29m @ 0.63g/t Au from 0m. Rockfire Resources plc (LON: ROCK), the gold and base-metal explorer, is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Price (Internal) | |
| ABSTRACT: | Rockfire Resources plc (LON: ROCK), the gold and base-metal explorer, is pleased to announce further assay results from drilling the new discovery zone ('Central Breccia') at the Company's 100%-owned Plateau Gold Deposit in Queensland, Australia. The Company believes this new mineralised zone forms part of the near-surface expression of a large gold system encountered in BPL025 (as announced on 26 November 2019). David Price, Chief Executive Officer of Rockfire, commented: "It is extremely pleasing to have four holes drilled into a new target, with all four holes returning potentially economic gold grades and potentially mineable widths, so close to surface." "These results build on the recently discovered Central Breccia zone, which was identified by the Rockfire exploration team during mapping and sampling. The results from these holes demonstrate the strength of the near surface gold mineralisation, which is still open in all directions. The Central Breccia is a priority target for further exploration." "These holes are interpreted to represent the near-surface expression of what we believe to be a large gold system encountered at depth in hole BPL025. Importantly, the four exploration holes into the Central Breccia extends the mineralised target zone by another 150 m towards the east. The Central Breccia lies above a recently demonstrated geophysical resistivity and chargeable anomaly, providing Rockfire with a very large target for future gold exploration." "Results from 9 more drill holes are awaited from the laboratory. The awaited results are from resource infill/extension and exploration holes, with depths varying between 30 m and 90 m. The market will be kept informed of additional drilling results as they are received by the Company". | |
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