Rockfire Resources PLC (LON: ROCK) has identified a promising soil anomaly at the Cardigan Dam prospect on the Lighthouse tenement in Queensland, Australia.
Two broad gold-in-soil anomalous trends were detected in recent work. Each trend is approximately 400 metres long by 100 metres wide in dimension.
The anomaly remains open along strike length.
Soil sampling returned results as high as 205 parts per billion gold.
"Rockfire's strategy of systematic, cost-effective and rapid appraisal of each of its prospects has resulted in the definition of a distinct gold-in-soil anomaly at the Cardigan Dam prospect,” said David Price, chief executive of Rockfire.
“The gold values, up to 0.2 ppm gold, represent strong anomalism and provide a clear target for further investigation. Importantly, the gold strengthens towards the north of the strike area and extends beyond the limits of the survey. For this reason, the company's systematic evaluation of Cardigan Dam will extend the soil sampling to the north, to explore the extent of surface mineralisation."
Rockfire also said that access to the Copperhead project is being re-established following the wet season in Queensland.
“An IP geophysical survey is planned for Copperhead in order to determine if sulphide accumulations can be detected at depths below 150 metres from surface," said Price.