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Rockfire more than doubles in-situ copper resource at Copperhead project

Rockfire Resources PLC's (LON:ROCK) David Price tells Proactive London's Andrew Scott they've raised the grade estimate for the Copperhead project in Queensland, Australia.

The inclusion of molybdenum has increased the average copper equivalent grade to 0.35%, up from the 0.25% recorded after a second round of core sampling in 1988.

Using the original tonnage and the new copper equivalent grade of 0.35%, the amount of in-situ copper increases from 56,000 tonnes of copper to 122,500 tonnes of copper equivalent value.

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Price: 0.825 GBX

LSE:ROCK
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Market Cap: £5.19 m
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Morning Report: Further high grade gold reported at Rockfire's Plateau deposit

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...

on 18/12/19

2 min read