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Rockfire Resources Plc
Summary
| Project: | Lighthouse | |
|---|---|---|
| Deposit: | Plateau | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/26/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-11-2019: Rockfire Resources Plc announces an Exploration/Drilling Update report for its Plateau deposit at the Lighthouse project. Drilling results incl. 177m @ 0.5g/t Au. Rockfire Resources plc (LON: ROCK), the gold and base-metal focused explorer, is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Edward Fry (Internal) | |
| ABSTRACT: | Rockfire Resources plc (LON: ROCK), the gold and base-metal focused explorer, is pleased to announce that drilling to test a geophysical target has returned broad, consistent gold assays, indicative of a large-scale gold deposit. Gold mineralisation occurring almost continuously throughout a 215 m deep drill hole. David Price, Chief Executive Officer of Rockfire, commented: "Hole BPL025 was designed to drill down a sub-vertical pipe structure into the centre of a geophysical chargeable anomaly. This is the first indication that Plateau has grade continuity extending at depth and supports our belief that this deposit is much larger than previously demonstrated. With consistent gold, silver and zinc being encountered close to surface, we always believed that a large mineralised system was somewhere deeper down. This hole has demonstrated that mineralisation can be followed over long intervals." "The use of Induced Polarisation (IP) geophysics has proven to be an accurate and appropriate method of exploration at Plateau. Rockfire has commenced a geophysical survey to test for chargeable and resistive anomalies at depths approaching 500 m from surface. The aim of the geophysical survey is to identify the geometry of the gold-rich rhyolite and to target a "sweet-zone", where higher average grades might be attainable. Rockfire believes that the discovery of the main-zone gold mineralisation still lies beneath the current drilling levels." | |
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