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Rockfire Resources leaps on 'extremely high-grade' copper discovery

Fri, 22nd Mar 2019 11:47

(Sharecast News) - Rockfire Resources' shares shot higher on Friday after the miner said it discovered high-grade copper in samples at its project in Central Queensland, Australia.Rockfire said that 23% of samples from the Copper Dome Porphyry site, which it has the option to acquire until 23 May, showed grades above 0.5 grams per tonne gold, 5 grams per tonne silver and 0.1% copper, with highlights of up to 23.4% copper, as well as 3.2 grams per tonne gold and 952 grams per tonne silver.According to the AIM-quoted company, elevated copper-in-soil occurs over a coherent area approximately 500m x 300m, suggesting potential for large tonnage.David Price, chief executive of Rockfire, said: "These results from our maiden soil and rock sampling program at Copper Dome have exceeded our expectations. The coherent distribution of the copper-in-soil is encouraging for tonnage potential, whilst the copper grades in the soils are almost 80 times background levels. The rock samples have returned extremely high-grade copper and strongly elevated gold and silver in an area to the west of previous drilling."Price added that the correlation with topographic ridges provided potential for very high-grade, vein-hosted mineralisation, as well as porphyry-style copper/gold targeted by the soil sampling.Copper was also found in soils at a new, undrilled location to the north of previous drilling, while sampling is now set to be extended to the south to explore a second mapped porphyry."Our plan is to continue soil sampling towards the south to determine the extent of the copper-in-soil anomalism, which remains open towards the south and east. We will also expand our soil sampling towards the west, to explore the new western areas identified by rock sampling and geological mapping. This expansion of the original program will occur after the field crews have completed ground magnetics at Double Event within the Lighthouse tenement," said Price.Rockfire Resources' shares were up 10.34% at 0.80p at 1328 GMT.
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17 Aug 2022 11:43

IN BRIEF: Rockfire starts exploration work at Maolai zinc deposit

Rockfire Resources PLC - London-based gold and base metal exploration company - Begins exploration at its wholly-owned Molaoi zinc deposit in Greece. Geological mapping and rock sampling are underway throughout the license. A technical programme and environmental report have been submitted to the Greek government; these will need to be approved before drilling can progress. Its planned diamond drilling targets expansion of the maiden JORC resource of 2.3 million tonnes at 11% zinc equivalent, for around 250,000 tonnes of zinc equivalent, as previously announced in May. Selects preferred drilling contractor after soliciting three quotes, with drilling of 40 initial holes and 60 subsequent ones expected to take 12 months in total. Also begins metallurgical test work via BHM Processing in Perth, Australia, with "encouraging" initial results.

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2 Aug 2022 19:39

IN BRIEF: Rockfire Resources identifies new targets at Plateau project

Rockfire Resources PLC - London-based gold and base metal exploration company - Following ongoing mapping and rock sampling at the Plateau gold deposit in Queensland, Australia, the company identified new targets close to the drilled gold resources.

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23 Jun 2022 16:02

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21 Jun 2022 11:33

IN BRIEF: Rockfire Resources hails soil sampling results at Plateau

Rockfire Resources PLC - London-based gold and base metal exploration company - Confirms that soil sampling at its Plateau gold deposit in Queensland, Australia returned strong, elevated gold results. Finds up to 0.67 grammes per tonne of gold and 2.3 grammes per tonne of silver. Says gold results are strongest at the edges of the intruded breccia pipe, where the main gold resource at Plateau is located.

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30 May 2022 17:26

UK EARNINGS SUMMARY: Glantus, Cambria Africa revenue grows; SDX down

(Alliance News) - The following is a round-up of earnings reports by London-listed companies, issued on Monday and not separately reported by Alliance News:

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23 May 2022 21:54

TRADING UPDATES: Rockfire surpasses expectations with maiden estimate

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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3 May 2022 12:56

IN BRIEF: Rockfire verifies high zinc grades at Molaoi zinc deposit

Rockfire Resources PLC - gold and base metal exploration company - Says the reanalysis of historical diamond drill core at the Molaoi zinc deposit in Greece has verified the high grades reported by previous explorers. Says the reanalysis of historical diamond drill core has returned high-grade zinc, lead and silver values. Notes that it is still expecting assay results from the sampling of gold and critical metals.

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11 Apr 2022 22:01

TRADING UPDATES: Manolete caution; tinyBuild buys in Russia-Ukraine

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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21 Mar 2022 14:38

TRADING UPDATES: Further progress at Blencowe and Rockfire mines

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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8 Mar 2022 19:38

IN BRIEF: Rockfire wins tender for 30-year mining licence for Molaoi

Rockfire Resources PLC - gold and base metal exploration company - Wins open international tender for full ownership of 30-year licence to explore and mine the Molaoi zinc-lead-silver deposit in Greece.

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20 Jan 2022 21:13

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TRADING UPDATES: GSTechnologies buys crypto exchange; Altus realigns

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23 Dec 2021 11:14

Rockfire Resources reaches 'preferred' status in Greece mine tender

(Sharecast News) - Gold and base metals exploration company Rockfire Resources has reached 'preferred tenderer' status in an open international tender, it announced on Thursday, for a 100% interest in the right to explore and mine a high-grade zinc deposit in Greece.

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22 Dec 2021 21:22

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TRADING UPDATES: Mercia buys more Intechnica; Anexo scores VW win

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TRADING UPDATES: Hummingbird lowers guidance; Serinus swings to profit

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29 Nov 2021 11:05

Rockfire upbeat on assay results from Copperhead project

(Sharecast News) - Gold and base metals exploration company Rockfire Resources updated the market on its diamond drilling programme at its wholly-owned Copperhead porphyry project in north Queensland, Australia on Monday.

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