Rockfire Resources PLC Plateau drilling intersects strong sulphides (9998A)
27 Gennaio 2020 - 11:25AM
UK Regulatory
TIDMROCK
RNS Number : 9998A
Rockfire Resources PLC
27 January 2020
27 January 2020
Rockfire Resources plc
("Rockfire" or the "Company")
Plateau drilling intersects strong sulphides
Rockfire Resources plc (LON: ROCK), the gold and base-metal
focused explorer, is pleased to announce that drilling at the
Company's 100%-owned Plateau gold deposit in north Queensland has
intersected broad sulphide intervals, including a strong sulphide
zone (up to 50%) over several metres.
-- Reverse Circulation (RC) drilling is now complete, with a
total program of 1,155m of drilling in 6 drill holes;
-- All drill holes encountered broad intervals of sulphides,
including a zone of strong sulphides (up to 50%) encountered in one
hole at a downhole depth of 84m;
-- The drill program was expected to take approximately 15 days
to complete, however good drilling/ground conditions enabled the
drilling contractor to complete the program ahead of schedule and
within budget;
-- The Company elected to drill several additional deep holes to
test a geophysical chargeable response, which resulted in fewer
infill holes being drilled than planned.
A photograph of drill chips hosting strong sulphide
mineralisation can be viewed here:
http://www.rns-pdf.londonstockexchange.com/rns/9998A_1-2020-1-27.pdf.
Samples from the drilling programme will be delivered to the
laboratory this coming week for analysis, and further announcements
will be made in due course.
David Price, Chief Executive Officer of Rockfire, commented:
"Our drill program is now complete and we're very happy to have
completed this prior to the arrival of the wet season. Rockfire
made the most of the opportunity to complete this short program
prior to the wet and is looking to recommence drilling at the
conclusion of the wet season."
"It's encouraging to see sulphides once again being encountered
over broad intervals. Although sulphide occurrence does not
necessarily translate into gold occurrence, it is an encouraging
sign for gold mineralisation."
"Drill samples will be delivered to the laboratory this coming
week and the Company will inform the market as results arrive back.
The lab is unable to provide a definitive timeframe for results
however it is expected to be a number of weeks before these results
are available."
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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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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