RNS5 Nov 2020 07:19
David Price, Chief Executive Officer of Rockfire, commented:
"As more holes are drilled at Plateau, it is very pleasing to see more frequent intervals of stronger grades (+1.0 g/t Au) being intersected and more occurrences of high grade gold (+5.0 g/t Au) being encountered. The interval of 4.5 m @ 3.0 g/t Au at 380 m depth, which lies outside our target zone, indicates the potential for additional targets at depth and will be followed up with drilling.
"An intercept of 2.5 g/t Au at 639 m in hole BPL040 is also very encouraging as it demonstrates, for the first time, that the gold system remains active and mineralised with gold at depths beyond 600m from surface. Higher grades, up to 16.9 g/t Au, are being intersected west of the position of this hole, indicative of the variability of gold grades in these systems. More drilling is required to drill out the higher grades at these depths. To assist this drilling, a gravity survey is being planned to provide additional information about the underlying source of gold and is a comparatively inexpensive means of determining potential vectors towards a main source.
"This drilling programme has only strengthened our belief in the potential of the deposit we are exploring. The Company is excited in our pursuit as we better understand this mineralised system. Accordingly, an expanded mineralisation model will be developed to feed into an updated JORC resource at Plateau, which will incorporate drilling from the last three campaigns.
"While the Company's focus remains heavily on the progression of Plateau, the Board remains motivated to advance its other assets and, as such, is scheduling work at Jeddah (gold), Bell Rock (gold), Copperhead (copper) and Rollston River (zinc). Our on-going work programme will advance each of our prospects within our expansive portfolio; all in North Queensland. We look forward to providing regular updates from Plateau and our wider portfolio over the coming months."
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