Rockfire Resources - Lighthouse exploration reveals new gold targets
("Rockfire" or the "Company")
Lighthouse exploration reveals new gold targets
· Rock samples return gold assays up to 23.4 g/t Au
· 15 rocks were collected from
· These rock samples lie 80 m north of the Company's
· The highest-grade rock samples include:
o 23.4 g/t Au
o 7.3 g/t Au
o 5.8 g/t Au
o 4.5 g/t Au
o 3.6 g/t Au
o 0.9 g/t Au
· Two rock samples returned anomalous copper values of 0.14 % and 0.11 % Cu
· Soil sampling will be extended to the north to cover the area defined by these rock samples
· Planning is well advanced to commence drilling at Plateau
A location map showing the rock samples is provided via the following link. The soil sampling survey completed by Rockfire in
"As we expected, Lighthouse is proving to be significantly under-explored and the more we expand our geological knowledge, the more gold we are finding within the tenement. From these encouraging high-grade rock samples from
"Our focus remains very much on Plateau, where our on-going work includes semi-regional exploration which continues to produce outstanding gold results.
"Our preparation for drilling at Plateau has continued with good progress. Landowner access and compensation agreements have been renewed, drilling quotes have been obtained from our drilling contractor, individual drill sites have been surveyed, access earthworks are complete and the planned drone-hosted photogrammetry flights have been flown and processed.
"Back in 2011, a high-definition aerial magnetic survey was flown over Plateau by previous explorers, the data from which was only partially processed at the time. Rockfire has therefore commissioned geophysical consultants to reprocess this high-quality magnetic data using 3D modelling. This important exploration step may assist with targeting for our anticipated drilling programme at Plateau.
"We will await the reinterpreted data prior to commencement of drilling. As our next drill campaign is testing at depths beyond 500m below surface, any additional information gained from this 3D magnetic reprocessing may result in a higher degree of confidence in targeting, particularly at depth. It is expected that the 3D modelling will be available within the next 10 to 15 days.
"We will continue to regularly inform the market of our progress."
Qualified Person Statement:
Information in this announcement that relates to exploration results is based on information compiled by Mr
For further information on the Company, please visit www.rockfireresources.com or contact the following:
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Tel: +44 (0) 20 3328 5656
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Tel: +44 (0) 20 3004 9512
This information is provided by RNS, the news service of the
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