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Rockfire Resources PLC

Copper Dome initial surface geochemistry completed

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RNS Number : 5697S
Rockfire Resources PLC
12 March 2019
 

12 March 2019

Rockfire Resources plc

("ROCK", "Rockfire" or "the Company")

Copper Dome initial surface geochemistry completed

 

Rockfire Resources plc (LON: ROCK), the copper and gold-focused resource company, is pleased to announce that initial soil sampling, rock sampling and geological mapping have been completed successfully at the Copper Dome Porphyry Copper Project in Central Queensland ("Copper Dome"). As announced on 26 November 2018, Rockfire has an option to acquire Copper Dome (the "Option"), which expires on 23 May 2019.

 

·      Malachite and azurite (copper carbonate minerals) were observed in several locations throughout the area tested;

 

·      Alteration of rocks, particularly by silica was recorded during mapping;

 

·      A total of 176 soil samples and 34 rock samples have been submitted to the laboratory for analysis;

 

·      The prospect remains vastly under-explored;

 

·    The mineralisation outcrops at surface, providing low-cost, near-surface exploration which, the Company anticipates will result in lower exploration costs;

 

Whilst results are awaited from the Copper Dome project, a Rockfire field crew will mobilise to the Kookaburra tenement in Queensland, Australia, to commence soil sampling and ground magnetics. This program will test a 1.5km western extension to the Double Event Prospect.

 

Chief Executive Officer of Rockfire, David Price, commented:

 

"This initial program of work at Copper Dome has provided our field crews with a good understanding of the specific issues relevant to a new project including access, terrain, geomorphology, outcrop distribution, geology and surface mineralization. The soil and rock samples will provide a great snapshot of the overall potential of the prospect to deliver a project of scale. Results obtained from the soil and rock sampling will assist Rockfire's pending decision whether to exercise the Option to acquire Copper Dome, a decision which is required by May 2019." 

 

For more information regarding Rockfire Resources, please contact:

 

Rockfire Resources plc

Email: [email protected]

David Price, Chief Executive Officer

 

 

 

Allenby Capital Limited (Nominated Adviser)

Tel: +44 (0) 20 33 285 656

John Depasquale/ Asha Chotai

 

 

 

First Equity Limited (Joint Broker)

Tel: +44 (0) 20 73 742 212

Jason Robertson

 

 

 

SI Capital (Joint Broker)

Tel: +44 (0) 1 483 413 500

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