Rockfire Resources PLC Field Exploration Update (6074W)
April 18 2019 - 2:50AM
UK Regulatory
TIDMROCK
RNS Number : 6074W
Rockfire Resources PLC
18 April 2019
18 April 2019
Rockfire Resources plc
("ROCK", "Rockfire" or "the Company")
Field Exploration Update
Rockfire Resources plc (LON: ROCK), the precious and base
metal-focused resource company, is pleased to provide the following
update on its field-based exploration activities in Queensland,
Australia.
Western Extension of the Double Event Prospect
Soil sampling has been completed on the western extension of the
Double Event gold mineralised trend. Rockfire applied for the open
ground licence to the west of Double Event in November 2017, which
was subsequently granted by the Queensland Government in August
2018. This licence extends the prospectivity of Double Event by
more than 1.5 kilometres towards the west. Gold mineralisation
remains open to the east, west and at depth.
A total of 424 soil samples and 12 rock samples have been
collected from the western extension of Double Event within the
last few weeks of field work. Samples were collected 10m apart on
lines 40m apart and the soil sampling covered an area of
approximately 1km x 0.15km. Samples have been submitted to the
laboratory for gold analysis and results are awaited.
Cardigan Dam Prospect (Part of the Lighthouse Tenement)
Soil sampling has also been completed at the Cardigan Dam
Prospect which lies within the Lighthouse tenement, also in
Queensland, Australia. Cardigan Dam was explored in 1990 by Esso
Australia, Aberfoyle and CRA Exploration. At that time, an
electromagnetic survey was undertaken which identified a conductive
feature. Rock sampling by previous explorers returned results
including 11.4g/t, 5.6g/t and 5.4g/t Au.
A total of 240 soil samples were recently collected 10m apart,
along lines 40m apart, covering an area of approximately 0.5km x
0.75km. Samples have been submitted to the laboratory for gold
analysis and results are awaited. Further announcements will be
made in due course.
Copper Dome Prospect (Copper Dome Tenement - Option to
Acquire)
Further soil sampling has now commenced at the Copper Dome
Porphyry Copper Project in Central Queensland ("Copper Dome"), to
extend the soil sampling completed in late March 2019. As announced
on 22 March 2019, strongly anomalous copper-in-soil was returned up
to 779ppm Cu and the anomalism extends over the southern and
western limits of the area surveyed in March. The soil sampling
program currently underway is designed to adequately test areas of
mapped porphyry outcrop, as well as areas which returned very
high-grade rock samples of up to 23.4% Cu.
As announced on 26 November 2018, Rockfire has an option to
acquire Copper Dome, which expires on 23 May 2019 (the "Option").
The soil sampling exploration program is on-going and results from
this program will contribute towards a decision whether to exercise
the Option.
For more information regarding Rockfire Resources, please
contact:
Rockfire Resources plc Email: info@rockfireresources.com
David Price, Chief Executive
Officer
Allenby Capital Limited (Nominated Tel: +44 (0) 20 33 285
Adviser) 656
John Depasquale/ Asha Chotai
Tel: +44 (0) 20 73 742
First Equity Limited (Joint Broker) 212
Jason Robertson
Tel: +44 (0) 1 483 413
SI Capital (Joint Broker) 500
Nick Emerson
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END
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