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Double Event drilling complete - assays expedited

14 Nov 2018 09:58

RNS Number : 3283H
Rockfire Resources PLC
14 November 2018
 

This announcement contains inside information

 

14 November 2018

Rockfire Resources plc

("ROCK" or "the Company")

 

Double Event drilling complete - assays expedited

The Board of Rockfire Resources plc (LON: ROCK), is pleased to inform shareholders that its drilling program at the Double Event gold prospect in Queensland, Australia has successfully been completed well within time and within budget. Drilling has encountered sulphides, including pyrite and galena (lead sulphide) at predicted depths.

 

 

· 12 reverse circulation holes (total of 605m), with all holes intersecting vein quartz with varying amounts of sulphides including pyrite and galena;

 

· A single deep hole (118m) was drilled at depth beneath the eastern workings, where Rockfire drilled and intersected encouraging gold intercepts in June 2018;

 

· The samples have been delivered to the lab, and assay results are expected within the next week.

 

 

Chief Executive Officer of Rockfire, David Price commented:

 

"Owing to a much larger and more powerful drilling rig being deployed to Double Event, our intended 10-day program of drilling was substantially reduced, saving both time and money for the company. Our drilling has hit sulphides in positions which were anticipated from our surface mapping and ground magnetics."

 

The laboratory is reporting a reduced back-log of samples at present, so we anticipate that assay results may be back within the week. The market will be informed of results once they have been received and interpreted."

 

 

Hole

EAST

NORTH

RL

Depth

Azimuth

Dip ⁰

Number

(UTM)

(UTM)

(m)

(m)

(Mag)

BDE015

442501

7757818

377

118

10

-70

BDE016

440842

7758004

355

39

10

-55

BDE017

440880

7757995

357

40

10

-55

BDE018

440923

7757990

359

70

10

-55

BDE019

440965

7757998

361

40

10

-55

BDE020

441001

7757979

362

40

30

-55

BDE021

441043

7757977

361

22

10

-55

BDE022

441041

7757974

361

52

10

-70

BDE023

441058

7757971

360

52

10

-70

BDE024

441081

7757966

360

40

10

-55

BDE025

441080

7757964

361

52

10

-70

BDE026

441123

7757953

353

40

10

-55

 

Table showing Double Event RC hole locations and collar information, November 2018

Competent Person Statement:

 

Information in this announcement that relates to exploration results is based on information compiled by Mr David Price, a Director of Rockfire Resources plc, who is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM). Mr Price has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr Price consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears.

 

 

For further information on the Company, please visit www.rockfireresources.com or contact the following:

 

Rockfire Resources PLC

David Price, Chief Executive Officer

 

Email: info@rockfireresources.com

 

Cenkos Securities plc

(Nominated Adviser & Joint Broker)

Derrick Lee / Beth McKiernan

 

Tel: +44 (0)131 220 6939

 

First Equity Limited

(Joint Broker)

Tel: +44 (0)20 7374 2212

Jason Robertson

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DRLGGGAAGUPRUBC
Date   Source Headline
9th Dec 202010:00 amRNSHolding(s) in Company
2nd Dec 202010:41 amRNSExploration Update
13th Nov 20207:00 amRNSDirector/PDMR Shareholding
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5th Nov 20209:05 amRNSSecond Price Monitoring Extn
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2nd Nov 20208:00 amRNSTotal Voting Rights
21st Oct 20204:41 pmRNSSecond Price Monitoring Extn
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30th Sep 20204:30 pmRNSTotal Voting Rights
29th Sep 202010:23 amRNSResult of General Meeting
21st Sep 20201:01 pmRNSExercise of warrants and issue of equity
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11th Sep 20203:32 pmRNSNotice of General Meeting
9th Sep 20207:00 amRNSInterim Results
7th Sep 20204:40 pmRNSSecond Price Monitoring Extn
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28th Aug 20205:00 pmRNSTotal Voting Rights
26th Aug 202011:05 amRNSSecond Price Monitoring Extn
26th Aug 202011:00 amRNSPrice Monitoring Extension
19th Aug 20201:14 pmRNSNear-surface gold extended eastwards at Plateau
19th Aug 202011:24 amRNSHolding(s) in Company
18th Aug 20209:10 amRNSExercise of warrants and issue of equity
11th Aug 20202:00 pmRNSExercise of warrants and issue of equity
10th Aug 20203:29 pmRNSReplacement: Exercise of warrants
10th Aug 202011:36 amRNSExercise of warrants and issue of equity
3rd Aug 20207:00 amRNSHighest gold grades to date drilled at Plateau
31st Jul 20204:41 pmRNSSecond Price Monitoring Extn
31st Jul 20204:35 pmRNSPrice Monitoring Extension
31st Jul 20207:00 amRNSExercise of warrants, issue of equity and TVR
29th Jul 20207:00 amRNSPlacing to fund on-going deep drilling at Plateau
24th Jul 20204:41 pmRNSSecond Price Monitoring Extn
24th Jul 20204:36 pmRNSPrice Monitoring Extension
20th Jul 20207:00 amRNSDeep diamond drilling commences at Plateau
17th Jul 20202:58 pmRNSChange of Registered Office
7th Jul 20201:37 pmRNSIssue of Fee Shares & Director/PDMR Shareholding
29th Jun 20207:00 amRNSPlacing to fund deep drilling at Plateau
23rd Jun 20208:21 amRNSLong intervals of sulphides encountered at Plateau
12th Jun 202010:37 amRNSResult of AGM
11th Jun 20201:51 pmRNSDrilling recommences at the Plateau Gold Deposit
9th Jun 20209:13 amRNS3D geophysics at Plateau supports gold potential
1st Jun 20209:14 amRNSLighthouse exploration reveals new gold targets
26th May 202010:41 amRNSUpdated Corporate Presentation
21st May 20209:10 amRNSNotice of AGM & Proposed Grant of Options
20th May 20201:09 pmRNSDirector/PDMR Shareholding
18th May 20202:00 pmRNSFinal Results

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