Deep diamond drilling commences at Plateau

RNS Number : 4128T

Rockfire Resources PLC

20 July 2020

 

20 July 2020

Rockfire Resources plc

("Rockfire" or the "Company")

Deep diamond drilling commences at Plateau

Rockfire Resources plc (LON: ROCK) the gold and base metal exploration company, is pleased to announce that diamond drilling down to 500m depth is now underway at the Company's 100%-owned Plateau Gold Deposit ("Plateau"), part of the Lighthouse tenement in North Queensland, Australia.

Highlights:

· Six diamond drill holes are currently planned to test the gold mineralisation down to 500m vertical depth.

· This is the fourth drilling programme since October 2019, which continues the Company's aggressive exploration strategy, aimed at discovering a large economic gold deposit at Plateau.

· Assay results from the June 2020 reverse circulation drilling programme are still pending. The market will be updated once the results are received from the laboratory.

· The six planned deeper holes are expected to be completed over the coming months.

David Price, Chief Executive Officer of Rockfire commented:

"It is pleasing and exciting to have the diamond drilling underway at Plateau. Gold mineralisation has been encountered in multiple holes within the top 200m from surface, so the next step in our exploration is to test down to 500m depth. Below 300m from surface is where the main gold mineralised zone was discovered at the nearby Mt Wright gold mine, where more than 1.5M ounces of gold was mined down to 1,200m depth."

"The Company is keenly awaiting the results from our reverse circulation drilling completed in June 2020. During that programme, five holes were drilled down to 250m depth and intersected visible sulphides over broad intervals of several hundred metres and were located up to 100m east of previous drilling."

" We look forward to progressively updating the market as our exploration progresses."

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 & Broker)	Tel: [phone]
John Depasquale / Asha Chotai Matt Butlin / Guy McDougall
Yellow Jersey	[e-mail]
Sarah Hollins / Henry Wilkinson / Faye Calow	Tel: [phone]

 

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