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."
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Headlines from the Proactive UK newsroom.
Rockfire Resources (LON:ROCK) has hit more high grade gold in the final two drill holes testing beneath the gold resource at the Plateau deposit in Queensland. The result means all drill holes in the October program hit potentially economic gold...