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Rockfire Resources PLC - Australia-focused gold and base metal exploration company - Announces identification of gold-in-soil anomaly from soil sampling at the Jeddah gold prospect in Queensland, Australia.
The anomaly in question covers an area of 250 metres east-west by 150 metres north-south, and is defined by a low-order zone of 10 parts per billion of gold, with a peak value of 62 ppb.
"Our exploration work continues to generate and upgrade our exploration targets within the Lighthouse tenement. As more exploration is completed, our team assigns a priority ranking to our numerous prospects, enabling efficient and cost-effective exploration. Being so close to Plateau, Jeddah provides an excellent prospect, particularly as epithermal textures in quartz veins have been mapped," said Chief Executive Officer David Price.
Current stock price: 1.20 pence, down 9.4% on Wednesday
Year-to-date change: up 29%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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