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Drilling commences at the Plateau gold deposit

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RNS Number : 6611P
Rockfire Resources PLC
11 October 2019
 

11 October 2019

Rockfire Resources plc

("Rockfire" or the "Company")

Drilling commences at the Plateau gold deposit

Rockfire Resources plc (LON: ROCK), the AIM-quoted gold and base metal exploration company, is pleased to announce it has commenced drilling at the Plateau gold deposit, North Queensland, Australia.

 

The drilling aims to achieve the following:

 

·   To increase the confidence of the Inferred 1.15 Mt @ 1.1 g/t Au for 40,400 ounces of gold, as announced on the 4 July 2019;

·    To extend the current resource;

·    To test new geological targets;

·    To test a geophysical anomaly identified by reprocessing historical geophysical data.

 

David Price, Chief Executive Officer of Rockfire, commented:

"We're excited to start drilling at Plateau as this presents a great opportunity for Rockfire to potentially discover a very large gold deposit. Plateau has similarities to the currently operational Mt Wright gold mine (+1 Moz) which occurs approximately 50 km northeast of Plateau. Mt Wright and Plateau are both breccia-hosted gold deposits, with similar alteration and mineralisation divs."

 

"We look forward to informing the market of our progress and drilling results."

 

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)

Tel:+44 (0) 20 3328 5656

John Depasquale / Asha Chotai

 

 

 

SI Capital Ltd (Broker)

Tel: +44 (0)20 7374 2212

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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Quick facts: Rockfire Resources PLC

Price: 1.95

Market: LSE
Market Cap: £10.77 m
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