Shallow gold target at Plateau confirmed

RNS Number : 5555P

Rockfire Resources PLC

21 June 2022

 

The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.

21 June 2022

Rockfire Resources plc

("Rockfire" or the "Company")

Shallow gold target at Plateau confirmed

Rockfire Resources plc (LON: ROCK), the gold and base metal exploration company, is pleased to announce that soil sampling at the Plateau gold deposit in Queensland, Australia, has returned strongly elevated gold results, which outline a readily accessed and untested target at least 200 m long.

· This target is outside the area included in the +200,000 ounces of JORC resource already drilled at Plateau

· Unusually high soil results up to 0.67 g/t gold and 2.3 g/t silver have been returned

· The gold anomaly is undrilled and extends for over 200 m

· The soil anomaly is open along strike and extends beyond the limit of the sampling grid

· Gold results are strongest at the edges of the intruded breccia pipe, where the main gold resource at Plateau is also located

· 105 samples were collected, of which 41 samples were above 0.1 g/t Au (1,000 ppm) , representing 39% of the samples

An image showing the soil sampling results, the edge of the breccia and the JORC gold resources can be viewed via the following link. http://www.rns-pdf.londonstockexchange.com/rns/5555P_1-2022-6-20.pdf

David Price, Chief Executive Officer of Rockfire, commented , 

"Rockfire has previously reported that the northern side of the breccia may present a target based on high-grade gold-in-rock samples. These soil sampling results are more coherent than expected and confirm the outline and extent of near-surface gold on the north-eastern edge of the breccia.

"The magnitude of the results is pleasing and provides a clear target for drilling. In addition to our on-going work in Greece, Rockfire intends to drill the near-surface gold targets at Plateau to increase the JORC resources already defined.

"We will continue to update the market with progress on our exploration across the entire portfolio."

Qualified Person Statement:

The technical information in this announcement is based on information compiled by Mr Edward Fry, the Exploration Manager of Rockfire Resources plc, who is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM). Mr Fry has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which has been undertaken to qualify as a "Qualified Person" in accordance with the AIM Rules Guidance Note for Mining and Oil & Gas Companies. Mr Fry consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears.

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 / George Payne (Corporate Finance) Matt Butlin / Kelly Gardner (Sales and Corporate Broking)
Yellow Jersey PR	[e-mail]
Sarah Hollins / Henry Wilkinson	Tel: [phone]

Notes to Editors

Rockfire Resources plc (LON: ROCK) is a mineral exploration company with a portfolio of 100%-owned gold and copper projects in Queensland Australia and a high-grade zinc deposit in Greece.

§ The Plateau deposit in Queensland has a JORC resource of 130,000 ounces of gold and 800,000 ounces of silver (0.5 g/t Au cut-off).

§ The Copperhead deposit in Queensland has a JORC resource of 80,000 tonnes of copper, 9,400 tonnes of molybdenum and 1.1 million ounces of silver.

§ The Molaoi deposit in Greece has a JORC resource of 210,000 tonnes of zinc, 39,000 tonnes of lead and 3.5 million ounces of silver.

 

END

 

 

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