Rockfire Resources PLC Extensive sulphide zone at Plateau (2440R)
October 28 2019 - 3:00AM
UK Regulatory
TIDMROCK
RNS Number : 2440R
Rockfire Resources PLC
28 October 2019
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.
28 October 2019
Rockfire Resources plc
("Rockfire" or the "Company")
Drilling encounters extensive sulphide zone at Plateau
Rockfire Resources plc (LON: ROCK), the gold and base-metal
focused explorer, is pleased to announce the completion of RC
drilling at the 100%-owned Plateau Gold Deposit (Queensland,
Australia). The following points detail key observations from the
drilling program:
-- A 215m deep hole (BPL025) successfully encountered an
extensive sulphide zone within a large-scale chargeable IP
anomaly,
-- The broad sulphide zone in BPL025 occurs between 74m and 215m downhole (141m length),
-- The 141m interval averages 5-10% sulphides (max 25%),
-- BPL025 ended in sulphide mineralisation,
-- All drill holes encountered either fresh or weathered sulphides,
-- Samples have been delivered to the lab for analysis.
A photo showing the sulphides encountered in the drilling can be
viewed here.
http://www.rns-pdf.londonstockexchange.com/rns/2440R_1-2019-10-27.pdf
David Price, Chief Executive Officer of Rockfire, commented:
"Through careful geological observations, the Rockfire technical
team has gained a much better understanding of the detailed geology
at Plateau. Reprocessing of historical geophysical data identified
a high chargeable anomaly and our Rockfire team decided to test a
new geological theory by drilling into the centre of the
geophysical anomaly."
"The chargeable response appears to have been successfully
intersected and has proven to host significant sulphide
mineralisation. The sulphides occur in a breccia and within a
sulphide-rich rhyolite. This is deemed significant by our technical
team, as the Mt Wright gold mine (+1.0 M oz gold) is hosted in
similar rock types, with the bulk of gold mineralisation at Mt
Wright occurring within a sulphide-rich rhyolite. These findings
support the concept that Plateau may host gold mineralisation akin
to major, neighbouring, operational gold mines."
"We look forward to the results and will inform the market as
they come to hand."
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 (FAusIMM). 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
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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