Drilling commences at the Plateau gold deposit

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 styles."

"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	[e-mail]
David Price, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser)	Tel:[phone]
John Depasquale / Asha Chotai
SI Capital Ltd (Broker)	Tel: [phone]
Nick Emerson

 

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