Rockfire Resources PLC Drilling recommences at the Plateau Gold Deposit (2413A)
January 20 2020 - 1:00AM
UK Regulatory
TIDMROCK
RNS Number : 2413A
Rockfire Resources PLC
20 January 2020
20 January 2020
Rockfire Resources plc
("Rockfire" or the "Company")
Drilling recommences at the Plateau Gold Deposit
Rockfire Resources plc (LON: ROCK), the gold and base-metal
focused explorer, is pleased to announce that drilling has
commenced to expand gold mineralisation encountered in hole BPL025,
at the Company's 100%-owned Plateau Gold Deposit in Queensland,
Australia. As announced on 26 November 2019, hole BPL025
intersected 177 m @ 0.5 g/t Au. This drilling program will also aim
to extend the near-surface gold resources at Plateau in north
Queensland, Australia.
-- Reverse Circulation (RC) drilling now in progress, with a
planned program of 1,500 m of drilling in 13 proposed drill
holes
-- The drill program has two objectives:
o Exploration at depths of around 250 m below surface
o Extension and infilling of near-surface resources (< 80 m
deep)
-- Geophysical anomaly to be tested by drilling two holes, 50 m
and 150 m respectively, east of hole BPL025
-- The drill program is expected to take approximately 15 days
to complete, with gold analyses to follow the completion of
drilling
-- Geological mapping and rock chip sampling is also underway at Plateau
-- Multi-element X-ray Florescence (XRF) analysis of drill chips
from samples collected in October 2019 is nearing completion
David Price, Chief Executive Officer of Rockfire, commented:
"This current drill program is a very exciting one, as we are
testing at depth to the east of hole BPL025, which was a very
successful hole. Success with this follow-up drilling will
demonstrate significant extension of this deep gold mineralisation
in an east-west orientation."
"A second aim of the current program is to expand and build
greater confidence in the gold mineralisation at our near-surface
JORC resource, in an effort to define an open cut resource, 80m
from surface."
"We are fortunate to get underway with drilling at this time of
the year, as the usual wet season in northern Australia has not yet
arrived and we intend to make the most of this window of good
weather. Geological mapping, rock sampling and XRF analysis of
drill samples from October 2019 drilling is in progress and the
Company expects results from this analysis within the next few
weeks. We will keep the market informed of our progress."
Further announcements will be made in due course.
For further information on the Company, please visit
www.rockfireresources.com or contact the following:
Rockfire Resources plc info@rockfireresources.com
David Price, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser) Tel:+44 (0) 20 3328 5656
John Depasquale / Asha Chotai
SI Capital Ltd Tel: +44 (0)14 8341 3500
Nick Emerson
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contact rns@lseg.com or visit www.rns.com.
END
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