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Rockfire Resources Plc
Summary
| Project: | Lighthouse | |
|---|---|---|
| Deposit: | Plateau | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/18/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-12-2019: Rockfire Resources Plc announces an Exploration/Drilling Update report for its Plateau deposit at the Lighthouse project. Drilling results incl. 12m @ 2.5g/t Au. Rockfire Resources plc (LON: ROCK), the gold and base-metal explorer, is pleased | |
| 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 that high-grade gold has been intersected in the final two drill holes to test beneath the gold resource at the Company's 100%-owned Plateau Gold Deposit in Queensland, Australia. David Price, Chief Executive Officer of Rockfire, commented: "We're delighted that drilling beneath the Plateau resource has hit such excellent grades and widths. These results demonstrate that gold mineralisation extends deeper and provides strong growth potential for the resource." "These deeper intersections are only 65m from surface and are still well within depths possible for open pit mining. There are operating gold processing plants nearby, so should any future toll treatment possibility eventuate, the costs of processing may materially reduce. I should clarify that no discussions have been instigated with the owners of these facilities at this point in time." "With all holes in this drilling campaign intersecting outstanding gold grades and widths, we are confident that our understanding of the geology and mineralisation is improving with each hole drilled. Additional geophysics will be undertaken to expand our interpretation at depth." “Targets for growth of the gold resource have been clearly identified and Rockfire plans to recommence drilling as soon as possible. The recent exercise of warrants has provided additional drilling capital and our technical team has already started planning for the next phase of drilling." | |
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