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Rockfire Resources - Deep diamond drilling commences at Plateau

RNS Number : 4128T
Rockfire Resources PLC
20 July 2020
 

20 July 2020

Rockfire Resources plc

("Rockfire" or the "Company")

Deep diamond drilling commences at Plateau

Rockfire Resources plc (LON: ROCK) the gold and base metal exploration company, is pleased to announce that diamond drilling down to 500m depth is now underway at the Company's 100%-owned Plateau Gold Deposit ("Plateau"), part of the Lighthouse tenement in North Queensland, Australia.

Highlights:

·    Six diamond drill holes are currently planned to test the gold mineralisation down to 500m vertical depth.

 

·    This is the fourth drilling programme since October 2019, which continues the Company's aggressive exploration strategy, aimed at discovering a large economic gold deposit at Plateau.

 

·    Assay results from the June 2020 reverse circulation drilling programme are still pending. The market will be updated once the results are received from the laboratory.

 

·    The six planned deeper holes are expected to be completed over the coming months.

 

 

David Price, Chief Executive Officer of Rockfire commented:

"It is pleasing and exciting to have the diamond drilling underway at Plateau. Gold mineralisation has been encountered in multiple holes within the top 200m from surface, so the next step in our exploration is to test down to 500m depth. Below 300m from surface is where the main gold mineralised zone was discovered at the nearby Mt Wright gold mine, where more than 1.5M ounces of gold was mined down to 1,200m depth."

"The Company is keenly awaiting the results from our reverse circulation drilling completed in June 2020. During that programme, five holes were drilled down to 250m depth and intersected visible sulphides over broad intervals of several hundred metres and were located up to 100m east of previous drilling."

"We look forward to progressively updating the market as our exploration progresses."

 

For further information on the Company, please visit www.rockfireresources.com or contact the following: 

Rockfire Resources plc:

[email protected]

David Price, Chief Executive Officer

 

 

 

Allenby Capital Limited (Nominated Adviser & Broker)

Tel: +44 (0) 20 3328 5656

John Depasquale / Asha Chotai

Matt Butlin / Guy McDougall

 

 

 

Yellow Jersey

[email protected]

Sarah Hollins / Henry Wilkinson / Faye Calow

Tel: +44 (0) 20 3004 9512

 


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 [email protected] or visit www.rns.com.
 
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