Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
No placing.
Three field infill wells drilled from Drill Centre 4 (DC4) in the Kraken Field consisting of two production wells and one injector well. Each well targeted the Lista Formation, Heimdal Sandstones and were directionally drilled and geosteered using the Schlumberger GeoSphere imaging tool. The wells were logged with LWD and completed successfully between Q4 2018 and Q1 2019 using the Transocean Leader semi-submersible drilling rig.
Rockfire Resources PLC Soils add near-surface, high-grade gold targets
Source: UK Regulatory (RNS & others)
TIDMROCK
RNS Number : 1287P
Rockfire Resources PLC
05 February 2019
5 February 2019
Rockfire Resources plc
("ROCK", "Rockfire" or "the Company")
Soils add near-surface, high-grade gold targets
Rockfire Resources plc (LON: ROCK), the Queensland gold and copper-focused resource company, announces that soil sampling at the Company's 100%-owned Lighthouse tenement has pinpointed several discrete, strong gold targets within a 2km strike at Double Event Prospect.
-- Very high gold-in-soil results up to 0.23g/t Au (230 parts per billion), with 5 samples exceeding 0.1g/t Au (100ppb);
-- These soil results add significant potential for discovery of near-surface, high-grade gold at Double Event, where multiple drilling results include 3m @ 10.04g/t Au and 3m @ 2.94g/t Au from within 20m of the surface.
-- The highest gold-in-soil results originate from an area to the north of previous Rockfire drilling. This appears to be a parallel, mineralised vein and offers another target to increase potential gold ounces;
-- Two areas have been highlighted which require extension soil sampling. Gold-in-soil runs off the edge of the sampling survey in these areas.
Please click on the link provided below to see a plan view of the soil sampling results at Double Event.
http://www.rns-pdf.londonstockexchange.com/rns/1287P_1-2019-2-5.pdf
Chief Executive Officer of Rockfire, David Price commented:
"Our recent soil sampling program at Double Event was an outstanding success. The soils have highlighted sections of the vein system which show high-grade gold-in-soil and which have not previously been explored."
"Gold-in-soil up to 0.23g/t is a very pleasing result and it is not often one sees such high-grade gold in soils. Just over 12% of samples at Double Event returned results above 10ppb and 5% are in excess of 50ppb (0.05g/t) Au. This is most encouraging."
"Several areas have been highlighted which require extensions to the survey, as gold-in-soil extends beyond the limit of the surveyed area. In addition to this, we will commence soil sampling to the west of Double Event and inside the adjoining Kookaburra tenement. This is expected to return gold-in-soil anomalies in areas where previous exploration for gold has been extremely limited."
"Such high gold-in-soil results and the delineation of discrete anomalies confirms our confidence in the potential of the Double Event Prospect. An extended soil sampling program, detailed ground magnetics and high-resolution photogrammetry will be undertaken to the west of Double Event, focused more inside the Kookaburra tenement. As we learn more about the orientation and distribution of gold at surface, the Kookaburra tenement is becoming an increasingly important target along strike from Double Event and has the potential to add significantly to any future discovery.
75p
The cash received in exchange for the new shares will increase the assets of the company. If the new cash is used to fund the mine it will ultimately provide a return in excess of shareholders’ required rate of return, earnings will climb, EPS will recover from the dilution and we will be fairly well compensated by higher share price! Even IF there is dilution, IMO there won’t be, it would be minimal and not necessarily have a negative impact on the SP.
$102,500,000.
I would be happy to see the SP rise 5% p/w for the next 4-6 weeks then ST2 announced.
There has been a good flow of positive news however general market conditions have failed to ignite the SP. This is a solid company with good prospects and a sound CEO in David Price. I’ve been accumulating a modest holding when possible and expect the flow of positive news to continue in 2019. At these cheap prices I expect a significant return on my investment in the short/mid term. GLA.