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Sampling underway to infill Double Event

14 Jan 2019 12:19

RNS Number : 0341N
Rockfire Resources PLC
14 January 2019
 

 

14 January 2019

Rockfire Resources plc

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

Sampling underway to infill Double Event

 

Rockfire Resources plc (LON: ROCK), the Queensland copper and gold-focused resource company, announces that soil sampling is underway, ahead of schedule, in the field season at the Double Event Prospect, which forms part of the Lighthouse tenement. Sampling is designed to accurately pinpoint drilling targets in a 2.5km long zone, which lies between the two drilling programs completed during 2018.

 

· The entire Double Event vein structure is 4.5km long, with only 800m of this system tested so far by Rockfire;

 

· Drilling on this structure in 2018 returned 3m @ 10.04 g/t Au (from 27m), 3m @ 2.94 g/t Au (from 15m), 2m @ 3.17g/t Au (from 13m) and 4m @ 1.81 g/t Au (from 16m);

 

· Gold was intersected in nearly all holes in the two drilling campaigns, with one hole being terminated after drilling into an historical mine shaft at 18m depth;

 

· Several holes intersected gold over the licence boundary and inside the Kookaburra Licence, resulting in a 1.5km extension of the vein system strike length;

 

 

Chief Executive Officer of Rockfire, David Price, commented:

 

"Our exploration schedule for 2019 has started early, with soil sampling underway at Double Event. The wet season is still upon us in northern Australia, however access currently remains possible, so we are making the most of this opportunity."

 

"Other exploration programs are being scheduled and a standard Conduct and Compensation Agreement is currently being arranged with the landowner of Copper Dome Porphyry Copper Project in Central Queensland. Our Due Diligence process for a decision on the Option to Acquire Copper Dome is on-going and a decision is due before May 2019."

 

"The Company is in discussions with its consultant geophysicists regarding undertaking dipole-dipole IP survey lines at Copperhead. This survey is designed to highlight sulphide-rich zones beneath Copperhead. We will continue to inform the market as our exploration momentum increases."

 

 

 

Rockfire Resources plc

David Price, Chief Executive Officer

 

Email: info@rockfireresources.com

 

 

 

Allenby Capital Limited (Nominated Adviser)

John Depasquale/Nick Athanas/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
 
 
MSCGGUUGGUPBGPC
Date   Source Headline
25th Jun 20183:59 pmRNSHolding(s) in Company
25th Jun 20187:00 amRNSDrilling hits gold over 400m of strike length
21st Jun 20187:00 amRNSChange of Name to Rockfire Resources plc
18th Jun 201812:16 pmRNSResult of AGM and Change of Name
14th Jun 201812:49 pmRNSHolding(s) in Company
12th Jun 20187:00 amRNSLighthouse drilling - all holes intersect sulphide
8th Jun 20187:03 amRNSMarengo Geophysical surveys confirm gold targets
7th Jun 20181:07 pmRNSBoard Changes
6th Jun 20187:39 amRNSBoard Appointment
29th May 20187:00 amRNSUpdate on Annual Report, AGM and Registered Office
24th May 20187:15 amRNSNew Epithermal Gold Zone Identified at Lighthouse
21st May 20189:41 amRNSFinal Results
16th Apr 201811:03 amRNSMapping at Marengo Identifies Au/Cu Systems
27th Mar 20189:29 amRNSHolding(s) in Company
16th Mar 201810:01 amRNSGrant of Monarch Exploration Licence
12th Mar 20187:07 amRNSRock samples return over 1 ounce/tonne gold
2nd Mar 20189:54 amRNSHolding(s) in Company
21st Feb 201810:27 amRNSBoard Changes
8th Feb 20187:00 amRNSUpdated Company Presentation
25th Jan 20188:22 amRNSUpdate of Plateau Project & further drill results
18th Jan 20187:00 amRNSNew Exploration Licence Application
10th Jan 20188:04 amRNSInitial Drilling Results at Lighthouse
8th Jan 20187:00 amRNSHolding(s) in Company
22nd Dec 20171:08 pmRNSHolding(s) in Company
19th Dec 20172:31 pmRNSCompanies House Notice
19th Dec 201710:22 amRNSBoard Change
18th Dec 20177:54 amRNSNew Exploration Licence Application at Lighthouse
7th Dec 20179:34 amRNSDrilling Update
24th Nov 201712:45 pmRNSDirector/PDMR Shareholding
23rd Nov 20172:31 pmRNSHolding(s) in Company
22nd Nov 20172:00 pmRNSCommencement of Drilling
16th Nov 20177:41 amRNSExploration Licence Application at Lighthouse
3rd Nov 20177:00 amRNSDirector/PDMR Shareholding
30th Oct 20177:59 amRNSLighthouse Gold Project Update
24th Oct 20171:04 pmRNSDirector/PDMR Shareholding
20th Oct 20173:10 pmRNSDirector/PDMR Shareholding
18th Oct 20174:49 pmRNSHolding(s) in Company
18th Oct 20179:33 amRNSHolding(s) in Company
16th Oct 20178:00 amRNSCorporate Presentation
13th Oct 20173:56 pmRNSResult of AGM and General Meeting
19th Sep 201712:58 pmRNSPublication of circular and notice of AGM and GM
18th Sep 20171:35 pmRNSConditional Subscription by Director
18th Sep 201710:41 amRNSConditional Placing and Acquisition
13th Sep 20174:00 pmRNSInterim Results
26th Jul 20174:45 pmRNSHolding(s) in Company
30th Jun 20177:00 amRNSFinal Results
14th Jun 201712:00 pmRNSHolding(s) in Company
9th Jun 201712:14 pmRNSBoard Change
6th Jun 20177:00 amRNSHolding(s) in Company
24th May 20175:12 pmRNSHolding(s) in Company

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