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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rockfire Resources Plc | LSE:ROCK | London | Ordinary Share | GB00B42TN250 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 4.55% | 0.23 | 0.21 | 0.23 | 0.23 | 0.22 | 0.22 | 77,275 | 16:35:03 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Offices-holdng Companies,nec | 0 | -753k | -0.0003 | -7.33 | 5.6M |
TIDMROCK
RNS Number : 9998A
Rockfire Resources PLC
27 January 2020
27 January 2020
Rockfire Resources plc
("Rockfire" or the "Company")
Plateau drilling intersects strong sulphides
Rockfire Resources plc (LON: ROCK), the gold and base-metal focused explorer, is pleased to announce that drilling at the Company's 100%-owned Plateau gold deposit in north Queensland has intersected broad sulphide intervals, including a strong sulphide zone (up to 50%) over several metres.
-- Reverse Circulation (RC) drilling is now complete, with a total program of 1,155m of drilling in 6 drill holes;
-- All drill holes encountered broad intervals of sulphides, including a zone of strong sulphides (up to 50%) encountered in one hole at a downhole depth of 84m;
-- The drill program was expected to take approximately 15 days to complete, however good drilling/ground conditions enabled the drilling contractor to complete the program ahead of schedule and within budget;
-- The Company elected to drill several additional deep holes to test a geophysical chargeable response, which resulted in fewer infill holes being drilled than planned.
A photograph of drill chips hosting strong sulphide mineralisation can be viewed here: http://www.rns-pdf.londonstockexchange.com/rns/9998A_1-2020-1-27.pdf. Samples from the drilling programme will be delivered to the laboratory this coming week for analysis, and further announcements will be made in due course.
David Price, Chief Executive Officer of Rockfire, commented:
"Our drill program is now complete and we're very happy to have completed this prior to the arrival of the wet season. Rockfire made the most of the opportunity to complete this short program prior to the wet and is looking to recommence drilling at the conclusion of the wet season."
"It's encouraging to see sulphides once again being encountered over broad intervals. Although sulphide occurrence does not necessarily translate into gold occurrence, it is an encouraging sign for gold mineralisation."
"Drill samples will be delivered to the laboratory this coming week and the Company will inform the market as results arrive back. The lab is unable to provide a definitive timeframe for results however it is expected to be a number of weeks before these results are available."
For further information on the Company, please visit www.rockfireresources.com or contact the following:
Rockfire Resources plc info@rockfireresources.com David Price, Chief Executive Officer Allenby Capital Limited (Nominated Adviser) Tel:+44 (0) 20 3328 5656 John Depasquale / Asha Chotai SI Capital Ltd Tel: +44 (0)14 8341 3500 Nick Emerson
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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(END) Dow Jones Newswires
January 27, 2020 05:25 ET (10:25 GMT)
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