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Rockfire Resources commences drilling at Marengo

The One Mile Mountain prospect is highly prospective for gold and copper

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The drilling will take ten-to-fifteen days to complete

Rockfire Resources Plc (LON:ROCK) has commenced reverse circulation drilling at the Marengo gold-copper project in Queensland, Australia.

Numerous old gold workings occur in close proximity to the area being drilled, and strong surface geochemistry indicates gold and copper being introduced from somewhere at depth, beneath or close to the mountain.

WATCH: Rockfire Resources' David Price fired up over Kookaburra tenement

A ground magnetic survey undertaken in August has also helped to pinpoint the targets currently being investigated.

“We are delighted to be underway with our much-anticipated drilling at Marengo, which represents the first drilling to ever take place at the One Mile Mountain prospect,” said chief executive David Price.

“Chargeable anomalies may suggest sulphide mineralisation at around 80m below the surface, so we are keen to test if this chargeable response contains gold or copper mineralisation prior to doing any further geophysical work."

 

Quick facts: Rockfire Resources PLC

Price: 1.75 GBX

LSE:ROCK
Market: LSE
Market Cap: £9.67 m
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