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Exploration initiated at Copper Dome

27 Feb 2019 09:34

RNS Number : 2717R
Rockfire Resources PLC
27 February 2019
 

27 February 2019

Rockfire Resources plc

("ROCK", "Rockfire" or "the Company")

Exploration initiated at Copper Dome

 

Rockfire Resources plc (LON: ROCK), the copper and gold-focused resource company, announces that simultaneous soil sampling, rock sampling and geological mapping are underway at the Copper Dome porphyry copper prospect in Central Queensland ("Copper Dome"). As announced on 26 November 2018, Rockfire has an option to acquire Copper Dome (the "Option") and results obtained from the current field program will assist the Company in its decision whether to proceed to full acquisition.

 

· Soil sampling, rock sampling and structural and geological mapping are being undertaken simultaneously by multiple field crews;

 

· The surface expression of copper mineralisation is more than 2km x 1km and only the upper parts of the deposit have been tapped;

 

· The prospect remains vastly under-explored and many previous drilling intervals with visible copper mineralisation have not been analysed for copper and gold;

 

· As announced on 26 November 2018, previous diamond drilling results include;

 

Ø15m @ 0.9 % Cu (including 4.6m @ 2.3 % Cu) from 161m downhole depth

Ø12m @ 0.6 % Cu (including 3m @ 1.2 % Cu) from 54m downhole depth

Ø24m @ 0.3 % Cu (including 7m @ 0.4 % Cu) from 225m downhole depth

 

· Diamond hole QML004 - 51.20m @ 0.20 g/t gold (from 72m downhole depth);

 

 · Under its previous name of 'Mount Leslie', Copper Dome is listed in the United States Geological Survey (USGS) 2010 "Global Mineral Resource Assessment", which states that the prospect is characterized by chalcopyrite (copper), with minor galena (lead) and sphalerite (zinc).

 

· The mineralisation outcrops at surface, providing low-cost, near-surface exploration, resulting in lower anticipated exploration costs;

 

· Should Rockfire elect to proceed to full acquisition, Rockfire would have 100% ownership of Copper Dome.

 

 

Chief Executive Officer of Rockfire, David Price, commented:

 

"Now that the flood waters have receded in North Queensland, our exploration schedule for 2019 has commenced with multiple exploration teams mobilizing to site for soil sampling, rock sampling, geological mapping and photogrammetry, which are simultaneously underway at Copper Dome."

 

"We have a busy schedule ahead for the coming months, including expansion of the Double Event soil sampling towards the west into the Kookaburra tenement, initiation of exploration at Native Bee (part of the Lighthouse tenement) and mineralization modeling for both Plateau and Double Event in preparation for maiden resource estimates." 

 

 

Rockfire Resources plc

David Price, Chief Executive Officer

 

Email: info@rockfireresources.com

 

 

 

Allenby Capital Limited (Nominated Adviser)

John Depasquale/ Asha Chotai

 

Tel: +44 (0) 20 3328 5656

 

First Equity Limited (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.
 
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Date   Source Headline
9th Dec 202010:00 amRNSHolding(s) in Company
2nd Dec 202010:41 amRNSExploration Update
13th Nov 20207:00 amRNSDirector/PDMR Shareholding
6th Nov 20209:54 amRNSHolding(s) in Company
5th Nov 20209:05 amRNSSecond Price Monitoring Extn
5th Nov 20209:00 amRNSPrice Monitoring Extension
5th Nov 20207:00 amRNSDrilling confirms gold beyond 600 m at Plateau
2nd Nov 20208:00 amRNSTotal Voting Rights
21st Oct 20204:41 pmRNSSecond Price Monitoring Extn
21st Oct 20204:36 pmRNSPrice Monitoring Extension
12th Oct 202010:43 amRNSIssue of Fee Shares & Director/PDMR Shareholding
6th Oct 20207:02 amRNSDrilling expands gold system at Plateau
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
15th Sep 20202:01 pmRNSPrice Monitoring Extension
11th Sep 20203:32 pmRNSNotice of General Meeting
9th Sep 20207:00 amRNSInterim Results
7th Sep 20204:40 pmRNSSecond Price Monitoring Extn
7th Sep 20204:35 pmRNSPrice Monitoring Extension
7th Sep 202011:24 amRNSExploration Update
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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