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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.
 
END
 
 
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Date   Source Headline
6th Feb 20172:34 pmRNSExploration Update
29th Nov 20167:00 amRNSIssue of Equity
3rd Nov 20163:18 pmRNSBoard Changes
7th Oct 20161:27 pmRNSResult of General Meeting and Offer
30th Sep 20167:00 amRNSInterim Results
14th Sep 20167:00 amRNSPosting of Circular and Notice of General Meeting
2nd Sep 20167:00 amRNSSubscription to raise £400,000
30th Jun 20167:00 amRNSFinal Results
9th Jun 20167:03 amRNSExploration Update
16th May 201612:20 pmRNSShare Placing and Exploration Update
30th Dec 201511:05 amRNSHolding(s) in Company
21st Dec 20152:11 pmRNSResult of GM and Close of Offer for Subscription
9th Dec 201510:00 amRNSCorrection: Placing and Offer for Subscription
4th Dec 20157:00 amRNSProposed Placing and Offer for Subscription
1st Dec 201511:00 amRNSHolding(s) in Company
30th Sep 20157:00 amRNSInterim Results and Exploration Update
28th Aug 201511:50 amRNSResult of AGM
25th Aug 20154:48 pmRNSPosting of Annual Report & Notice of AGM
30th Jun 20157:00 amRNSFinal results for the year ended 31 December 2014
21st Apr 20157:00 amRNSExploration Update
15th Jan 20157:00 amRNSDrilling Update
30th Oct 20147:00 amRNSIssue of New Shares
29th Sep 20147:00 amRNSInterim Results
6th Aug 201410:48 amRNSResult of AGM
4th Jul 20147:00 amRNSHoldings in Company
1st Jul 20147:00 amRNSTR-1 Notification of Major Interest in Shares
1st Jul 20147:00 amRNSClose of Offer for Subscription
27th Jun 20147:00 amRNSFinal Results for the year ended 31 December 2013
26th Jun 201412:03 pmRNSResult of General Meeting
18th Jun 20147:00 amRNSExtension of Offer for Subscription
16th Jun 20147:00 amRNSExploration Update
10th Jun 20141:00 pmRNSProposed Placing and Offer for Subscription
16th May 20147:00 amRNSExploration Update
19th Sep 20137:00 amRNSExploration Update and Interim Results
10th Jun 20131:12 pmRNSResult of AGM
16th May 20137:00 amRNSDistribution of Annual Report and Accounts
8th May 20137:00 amRNSFinal Results
1st Mar 201312:59 pmRNSHolding(s) in Company
25th Feb 20137:00 amRNSHolding(s) in Company
14th Feb 20137:00 amRNSPlacing
30th Jan 20137:00 amRNSExploration Update
31st Dec 20127:00 amRNSHolding(s) in Company
4th Dec 20127:00 amRNSExploration Update
24th Sep 20127:00 amRNSInterim Results
16th Jul 20122:03 pmRNSResult of AGM
16th Jul 201211:00 amRNSAGM Statement
18th Jun 20127:00 amRNSFinal Results
29th Mar 20127:00 amRNSAppointment of Non-Executive Director
6th Mar 201211:20 amRNSTR1 - Notification of Major Interest in Shares

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