Rockfire Resources Plc Share Price (ROCK.GB.PL)

Rockfire RNS 28 Sep 2021
"1st & 2nd hole completed. 3rd in progress.
Hole 1- From 8m to 501.4m [980 veins]
Weakly elevated magnetic response at depth."

Rockfire 1 Nov 2021 RNS
1200 copper veins in 1st 3 holes.

HOLE 2- 359M.
Visible chalcopyrite fluctuates dramaticcaly with some <1 vein and up to 8 veins/m.

HOLE 3- Coring
HOLE 4 -Price comments.
HOLE 5- DEEPEST EVER DRILLED.

HOLE 1-2: ASSAYS PENDING.

"Price: POTENTIAL OF A LARGE MINERAL PORPHYRY Copper/ Moly system."

My Comment:
Mr Price showed the cores in a short video in recent days after the RNS.
Pics also available.

Rockfire Resources Plc
Shares in Issue: 1.082bn
Mkt Cap: £10m
52 wk low .7p and high 1.4p
Currently: 0.88p to sell and 0.8835p to buy.
--
Example: Racecourse, NSW, in Oz is aiming for 440Mt @0.44% cu eq.
Mr Bird thinks via a London 14.10.21 shareholder meeting that a major may pay 25-30p
because they have an agreement. No agreement may be less ? Mkt Cap £41.98m or 4.97p.
This is the copper example. However, Racecourse is near infrastructure so that is an advantage.

So, see how Rockfire and COPPERHEAD , Queensland will play out in terms of tonnage, grade and what the market will attribute for mkt cap to come.

Thur, 4 Nov 2021

For revisit:
Per oilmanmike at 16:09, Wed, 3 Nov 2021 he stated that Rockfire*s Copper Head project in Queensland, Australia is "BIGGER" than those 2 ie ALPALA.

Alpala MRE#3, 7 Apr 2020 RNS: 2.664 Bt @0.53% cu Eq.
High grade core 442Mt @1.44% cu.

COPPERHEAD, QLD, AUSTRALIA PER CARPENTARIA 1972
Non-compliant JORC 3 5 Mt @ 0.35% cu eq. It was tested on a 400m strike from recall?
Carpentaria did NOT DRILL DEEPER than 300m region.

STRIKE-COPPERHEAD
3km x 2km - see below from presentation.
Hypothesis: Even at max 3km strike , if everything CONSTANT ie grade 0.35% cu eq, depth 300m +- = 7x35= 245Mt [+-]

COPPERHEAD ----DEEPER THAN 500M?- PORPHYRY?
Rockfire per the RNS etc of recent days, think that there could be a PORPHYRY below 500m DEPTH. COPPERHEAD HAS NOT BEEN YET TESTED TO THIS DEPTH.
NO NEAROLOGY as Copperhead is on the coast of Queensland where there are no nearby mines.
-----------THE UNKNOWN------ONE CAN TELL WHEN DRILLING GOES TO DEPTH >500M-----

COPPERHEAD-DRILLING GOING ON
No assay results out yet. Only some cores shown and Mr Price, CEO*s short video shows him examining the cores from Copperhead in recent days.

News, Thur, 4 Nov 2021.

There was a discussion yesterday on the Rockfire main forum.

I quote from Rockfire*s Aug presentation:
"3km x 2 km soil ANOMALY. Pg 17/31

Open in all directions and potential exists for a SIGNIFICANT copper discovery.

5 drill holes in 1972 intersected visible COPPER minerals from SURFACE TO A DEPTH OF 300M."

==
Pg 19/31
"Drilling in 1972 tested a STRIKE OF 400M W I T H I N a 3km long and 2km wide SOIL ANOMALY."

Chart shows LONG SECTION LOOKING NORTH - A L L at various cu ppm."

==
Pg 20/31 " H E L I MA G survey - M A G N E T I C READINGS. UNEXPLORED NEW TARGET AREA."

Comment:
From the discussion yesterday, I think the notion that the WHOLE AREA is mineralised at ONE CONSTANT GRADE ie 2km x 500m depth x 0.4% cu is a simplistic type cals of extrapolation.

However, the Carpentaria non-compliant JORC in 1972 showed 35mt @0.35% cu eq over 400m
strike tested.

In reality, say, take an example like Racecourse, as drilling progresses, the drill holes DONT all produce 1 consistent grade NOR 1 intersection LENGTH for all the holes. Hence, why GEOLOGICAL modelling is inputted as drilling continues. Mr Colin Bird has pointed out for example that X Mt at 0.45% cu vs Y Mt at 0.35% cu = the AVERAGE grade lower, one will need to find more MT of ore.

So, "significant" as above does NOT yet mean the type of world class deposits ie Tier 1 of 1bn tonnes of ore.

However, in recent days, Mr Price, CEO of Rockfire has said there may be a PORPHYRY BELOW the current drilling >500m. Ah, that has NEVER BEEN TESTED BEFORE even in the past.
So, this is where it gets interesting in that what is THERE if any?

The DOWNHOLE data from current drilling will be insightful but as yet, no info released yet.

So, if this potential PORPHYRY does turn out , it will be DEEPER FROM 500m and then GRADES
will be of interest.

So, history awaits Copperhead. As I said yesterday, as and when the FIRST DRILL HOLE
from 500m is drilled, that will be INSIGHTFUL to see the grade. Thereafter, as norm, the next 2 holes will tell more.

Again, like Porvenir, the prospect does NOT produce ALL the SAME GRADES AND ALL THE SAME INTERSECTION LENGTHS and this was where only DRILLING can tell and
not MULTIPLY THE WHOLE POTENTIAL STRIKE X DEPTH X 1 GRADE.

News, 4 Nov 2021 [Thur]
Posting to re-visit in the later stages. Too early to tell when the current Rockfire drilling at Copperhead had not given out ASSAY RESULTS yet although the cores are of interest.

From Rockfire Resources website :
Copper Head
Copper Dome
Queensland, Australia. [Porphyry and noted by USGS]

"COPPER HEAD
Known as JULIVON CREEK
3km x 2km
2.8m x 800m Core Anomaly
Peak 0.22% Cu
O P E N
Western to define a large scale porphyr deposit."
Kindly check as I may have copied it wrongly re: 2.8m or is it 2.8km? I will check later.

COPPER DOME
Known as MOUNT LESLIE
EXPLORATION POTENTIAL VERY HIGH."
Previously, it was 2km x 1km
Now with new data, it is 4KM X 3. 5 KM.

Sat, 22 May 2021
My 1st 2 posts on Copper Head and Copper Dome, Qld, Australia have been posted on Wed below. Copper Head and Copper Dome are about 50km from each other.