Rockfire Resources PLC Silver up to two ounces/tonne returned at Plateau (5683B)
31 Gennaio 2020 - 10:47AM
UK Regulatory
TIDMROCK
RNS Number : 5683B
Rockfire Resources PLC
31 January 2020
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the
publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain.
31 January 2020
Rockfire Resources plc
("Rockfire" or the "Company")
Silver up to two ounces/tonne returned at Plateau
Rockfire Resources plc (LON: ROCK) is pleased to announce that
silver (Ag) grades determined by portable X-Ray Flourescence (XRF)
analysis of the October 2019 drill samples has identified
significant silver at our 100%-owned Plateau gold deposit in North
Queensland, Australia.
-- All drill holes returned significant silver assays;
-- The silver credits add potential to the future economics of Plateau;
-- 187 m @ 6.3 g/t Ag (from 15 m), including 11 m @ 32.6 g/t Ag (hole BPL025)
-- 10 m @ 18.2 g/t Ag (from 56 m), including 4 m @ 35.4 g/t Ag (hole BPL012)
-- 36 m @ 5.5 g/t Ag (from 1 m), including 3 m @ 18.8 g/t Ag (hole BPL013)
-- 18 m @ 9.5 g/t Ag from 10 m (hole BPL014)
-- 14 m @ 5.8 g/t Ag from 8 m (hole BPL015)
-- 23 m @ 7.1 g/t Ag (from 9 m), including 10 m @ 9.2 g/t Ag (hole BPL016)
-- 17 m @ 7.2 g/t Ag from 1 m (hole BPL017)
-- 22 m @ 9.8 g/t Ag (from 0 m), including 8 m @ 18.0 g/t Ag (hole BPL018)
-- 8 m @ 36.0 g/t Ag (from 66 m), including 4 m @ 63.3 g/t Ag (hole BPL019)
-- 31 m @ 9.7 g/t Ag (from 29 m), including 10 m @ 19.7 g/t Ag (hole BPL020)
-- 17 m @ 6.0 g/t Ag from 8 m (hole BPL021)
-- 29 m @ 3.8 g/t Ag (from 0 m), including 6 m @ 7.5 g/t Ag (hole BPL022)
-- 35 m @ 4.8 g/t Ag (from 1 m), including 12 m @ 7.8 g/t Ag (hole BPL023)
-- 15 m @ 6.7 g/t Ag from 14 m (hole BPL024)
David Price, Chief Executive Officer of Rockfire, commented:
"These silver grades are very pleasing and may add to the future
economics of the project."
"The use of the portable XRF machine acts as a guide to
mineralisation and analysis using proven laboratory techniques such
as Inductively Coupled Plasma (ICP) is required to determine a
definitive silver assay. Rockfire intends to submit these highly
anomalous samples to the lab for definitive analysis. In addition
to the silver, elevated and anomalous zinc and lead are also
present and the Company intends to submit these samples for further
analysis also."
"We are eagerly awaiting the results of our recent drilling
campaign at Plateau and the Company is pleased to inform the market
that samples have now been delivered to the laboratory in
Townsville. Further announcements will be made as results become
available."
XRF parameters
The XRF analyses were completed on samples which were
professionally prepared by Australian Laboratory Services Ltd. The
preparation includes crushing and pulverising the entire sample to
produce a homogeneous sample. The XRF analyses were completed by
Terra Search Pty Ltd, an independent service provider. The XRF
model used was a Niton XL5 and each sample was analysed for a
nominal 60 seconds. The calibration mode used was the Niton
standard mining mode.
Qualified Person Statement:
Information in this announcement that relates to exploration
results is based on information compiled by Mr Edward Fry, the
Exploration Manager of Rockfire Resources plc, who is a Member of
the Australasian Institute of Mining and Metallurgy (MAusIMM). Mr
Fry has sufficient experience relevant to the style of
mineralisation and type of deposit under consideration and to the
activity which has been undertaken to qualify as a Competent Person
as defined by the 2012 Edition of the Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore
Reserves (the JORC Code) and a "Qualified Person" in accordance
with the AIM Rules Guidance Note for Mining and Oil & Gas
Companies. Mr Fry consents to the inclusion in the announcement of
the matters based on their information in the form and context in
which it appears.
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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END
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