Rockfire Resources PLC Clear targets defined at Copper Dome (8764Z)
May 22 2019 - 7:33AM
UK Regulatory
TIDMROCK
RNS Number : 8764Z
Rockfire Resources PLC
22 May 2019
22 May 2019
Rockfire Resources plc
("ROCK", "Rockfire" or "the Company")
Copper-in-soil defines clear targets at Copper Dome
Rockfire Resources plc (LON: ROCK), the gold and base
metal-focused resource company, is pleased to announce that recent
extension soil sampling at the Copper Dome Project in Queensland,
Australia, has returned strongly anomalous results up to 0.1% Cu in
the soils. As announced on 26 November 2018, Rockfire has an option
to acquire Copper Dome (the "Option") and a decision to exercise is
required by 23 May 2019.
-- Anomalous copper and gold results have been returned from the soils;
-- The copper anomaly has been extended south from the previous Rockfire survey by 500m;
-- Copper-in-soil is strongest at the margins of the mapped porphyries;
-- Gold-in-soil occurs in a confined east-west band between the two largest mapped porphyries;
-- The anomaly remains open towards the east and west;
-- Soil results are up to 1,115ppm (0.11%) Cu and 145ppb (0.15ppm) Au
As part of the recent extension soil survey at Copper Dome, 108
soil samples were collected over an area of approximately 850m x
600m. As previously announced, this extension was to test south of
strongly anomalous soil samples collected by Rockfire during March
2019. A link is provided below which illustrates the distribution
and magnitude of the copper-in-soil and gold-in-soil results.
http://www.rns-pdf.londonstockexchange.com/rns/8764Z_1-2019-5-22.pdf
David Price, Chief Executive Officer of Rockfire commented;
"These soil sample results are very pleasing. The copper appears
to adhere to the margins of the mapped porphyry, whilst the gold
forms an impressive east-west trend precisely at the contact point
between the two porphyries as mapped."
"Our exploration to date at Copper Dome has included preliminary
geological mapping, prospect-scale rock sampling and comprehensive
soil sampling over the known outcrops of the intrusions. This
exploration has returned very high-grade copper-in-rock samples,
medium level copper-in-soil values and low-level gold-in-soil
assays. Importantly, this work has resulted in the delineation of
clear geochemical targets."
"The market will be updated on the board's decision whether the
Company will exercise the Option."
Qualified Person Statement:
Information in this announcement that relates to exploration
results is based on information compiled by Mr David Price, a
Director of Rockfire Resources plc, who is a Fellow of the
Australasian Institute of Mining and Metallurgy (FAusIMM). Mr Price
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 under the AIM Rules - Note for Mining and Oil & Gas
Companies. Mr Price consents to the inclusion in the announcement
of the matters based on their information in the form and context
in which it appears.
In quoting exploration targets, the potential quantity and grade
is conceptual in nature. There has been insufficient exploration to
estimate a Mineral Resource and it is uncertain if further
exploration will result in the estimation of a Mineral
Resource.
For further information on the Company, please visit
www.rockfireresources.com or contact the following:
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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