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Pin to quick picksRockfire Regulatory News (ROCK)

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Material increase to exploration portfolio

13 Aug 2018 08:24

RNS Number : 5850X
Rockfire Resources PLC
13 August 2018
 

13 August 2018

Rockfire Resources plc

("ROCK" or "the Company")

Material increase to exploration portfolio

Rockfire Resources (LON: ROCK) is pleased to inform shareholders that the Kookaburra Exploration Permit to Mine (EPM 26705 'Kookaburra') in Queensland, Australia has been granted to Rockfire through its 100%-owned subsidiary, BGM Investments Pty Ltd. The grant of Kookaburra adds material acerage to Rockfire's already significant ground-holding in a district which has produced more than 20 million ounces of gold and continues to produce from three operating, multi-million-ounce gold mines.

 

Highlights:

· The western extensions of Double Event are now under Rockfire control;

 

· The granted tenement includes the Brigalow alluvial goldfield;

 

· Previous RC drilling at Kookaburra Prospect includes 12m @ 2.72g/t Au and 3m @ 5.13g/t Au;

 

· Five (5) additional old gold workings added to ROCK portfolio;

 

· Kookaburra adds a further 232 sq. kms of gold and copper prospectivity to the ROCK porfolio

 

· Kookaburra exploration tenement granted to Rockfire for a 5-year period

 

The Queensland Government has granted Exploration Licence EPM26705 "Kookaburra" to Rockfire Resources, through it's wholly-owned Australian subsidiary for a period of 5 years. Kookaburra surrounds Rockfire's Lighthouse tenement, south of Charters Towers and adds significant exploration prospectivity to the company's portfolio of valuable gold tenements in Queensland. A map showing the exciting exploration upside of Kookaburra can be accessed via the link below.

 

http://www.rns-pdf.londonstockexchange.com/rns/5850X_1-2018-8-13.pdf

 

Chief Executive Officer of Rockfire Resources, David Price commented: "We have been looking forward to Kookaburra being granted, as this tenement adds significant upside to Double Event, with the western extension of the lode now under Rockfire control."

"As an added bonus, Kookaburra includes an alluvial deep-lead (ancient) river bed, with abundant workings along the length of the gold-bearing river gravels. Although notoriously difficult to attain JORC resources, the gold included in this ancient channel may provide a vector towards the source of the river-hosted gold".

"Kookaburra Prospect itself is not alluvial in nature and has been drilled by previous explorers and robust, high-grade intercepts of gold have been encountered including 12m @ 2.72g/t Au close to surface. The addition of Kookaburra to the tenement portfolio of Rockfire provides additional opportunity for discovery of resources in a district of bountiful gold endowment."

Numerous old gold workings occur within the Kookaburra tenement, including Kookaburra Prospect, the Brigalow alluvial Goldfield, Native Bee Prospect and the Coolan Deposits. The recent, successful Placement by Rockfire will focus the Company's immediate exploration efforts on drilling at Marengo and Double Event, however Rockfire will advance the Kookaburra tenement with an initial rock and soil sampling program and ground-based geophysics to test the prospects at shallow depths.

 

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

 

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

 

Rockfire Resources PLC

David Price, Chief Executive Officer

 

Email: david@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
 
 
MSCPJMRTMBBBMRP
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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